v3.26.1
FINANCIAL INSTRUMENTS (Tables)
 6 Months Ended
Jun. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of notional amounts of outstanding derivative positions
Our interest rate swap contracts as of June 30, 2026, of which none are designated as hedging instruments, are summarized as follows:
(in thousands of $)Notional principalWeighted average duration (years)Weighted average fixed interest rateFloating rate: Reference Rate
Receiving floating, pay fixed775,000 2.32.46 %SOFR
(1)    In 2023, the reference rate for these interest rate swap agreements transitioned from the London Interbank Offered Rate, or LIBOR, to SOFR plus a credit adjustment spread of 0.26% based on the LIBOR fallback protocol.
Derivative instruments, gain (loss)
The Company's gain on derivatives per the consolidated statement of operations for the six months ended June 30, 2026 and 2025 was comprised of the following:
(figures in thousands of $)Six months ended
June 30,
20262025
Change in fair value of derivative instruments4,893 (16,672)
Realized gain/(loss) on derivative instruments4,692 8,035 
Gain on derivatives
9,585 (8,637)
Movements in the six months ended June 30, 2026 for the derivative instrument assets and liabilities is summarized as follows:
(in thousands of $)Derivative Instrument AssetDerivative Instrument LiabilityTotal
At December 31, 202518,054 (604)17,450 
Change in fair value of derivative instruments4,289 604 4,893 
At June 30, 202622,343 — 22,343 
Schedule of derivative instruments
Movements in the six months ended June 30, 2026 for the derivative instrument assets and liabilities is summarized as follows:
(in thousands of $)Derivative Instrument AssetDerivative Instrument LiabilityTotal
At December 31, 202518,054 (604)17,450 
Change in fair value of derivative instruments4,289 604 4,893 
At June 30, 202622,343 — 22,343