v3.26.1
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating revenues    
Time charter revenues $ 269,443 $ 312,528
Voyage charter and pool revenues 46,270 9,388
Drilling contract revenues 47,244 48,385
Interest income – sales-type leases 0 920
Profit sharing income 3,475 2,601
Other operating income 8,816 5,505
Total operating revenues 375,248 379,327
Gain on sale of vessels 11,503 4,242
Operating expenses    
Vessel and rig operating expenses 141,396 161,903
Depreciation 109,252 121,775
Vessel impairment charge 0 34,093
Administrative expenses 14,529 9,653
Total operating expenses 265,177 327,424
Operating income 121,574 56,145
Non-operating income/(expense)    
Interest income – long-term loans to associated companies 2,263 2,263
Interest income – other 2,865 3,834
Interest expense (74,585) (92,067)
Gain/(Loss) on investments in equity securities 697 (1,326)
Interest and valuation gain/(loss) on non-designated derivatives 7,204 (2,562)
Other financial items, net (325) 3,415
Equity in earnings of associated companies 1,207 1,146
Income/(Loss) before taxes 60,900 (29,152)
Tax expense (1,030) (1,259)
Net income/(loss) $ 59,870 $ (30,411)
Per share information:    
Basic earnings/(loss) per share (in USD per share) $ 0.45 $ (0.23)
Diluted earnings/(loss) per share (in USD per share) $ 0.45 $ (0.23)