v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current Assets:    
Cash and cash equivalents $ 159,397 $ 116,922
Short-term investments 250,000 50,000
Voyage receivables, net of allowance for credit losses of $144 and $52 including unbilled receivables of $244,438 and $169,610 306,658 177,887
Other receivables 28,225 13,836
Inventories 24,915 611
Prepaid expenses and other current assets 14,077 7,790
Total Current Assets 783,272 367,046
Vessels and other property, less accumulated depreciation of $487,867 and $506,585 2,024,244 2,077,986
Vessels construction in progress 51,572 57,725
Deferred drydock expenditures, net 112,678 109,257
Operating lease right-of-use assets 5,360 7,220
Pool working capital deposits 21,843 33,051
Goodwill 7,369 0
Other assets 12,604 16,357
Total Assets 3,018,942 2,668,642
Current Liabilities:    
Accounts payable, accrued expenses and other current liabilities 91,231 69,921
Current portion of operating lease liabilities 1,334 3,182
Current installments of long-term debt 39,204 25,788
Total Current Liabilities 131,769 98,891
Long-term operating lease liabilities 5,810 5,954
Long-term debt 606,418 541,291
Other liabilities 9,610 2,229
Total Liabilities 753,607 648,365
Commitments and contingencies
Equity:    
Capital - 100,000,000 no par value shares authorized; 49,520,476 and 49,404,078 1,503,556 1,507,325
Retained earnings 773,106 523,792
Stockholders Equity Subtotal 2,276,662 2,031,117
Accumulated other comprehensive loss (11,327) (10,840)
Total Equity 2,265,335 2,020,277
Total Liabilities and Equity $ 3,018,942 $ 2,668,642