Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2026

Fair Value Measurements

Schedule of carrying amounts and estimated fair values of financial instruments


		June 30, 2026						December 31, 2025
		Carrying			Fair			Carrying			Fair
(U.S. Dollars in thousands)		Amount			Value			Amount			Value
Recurring:
Financial assets:
Cash and cash equivalents		$	95,255		$	95,255		$	88,983		$	88,983
Current derivative assets:
Interest rate swap contracts			2,133			2,133			2,276			2,276
Non-current derivative assets:
Interest rate swap contracts			2,250			2,250			1,908			1,908
Financial liabilities:
Current derivative liabilities:
Interest rate swap contracts			—			—			247			247
Non-current derivative liabilities:
Interest rate swap contracts			161			161			909			909
Long-term debt, current and non-current			905,915			889,741			959,633			941,525
Non-recurring:
Non-current asset:
Vessel		$	—		$	—		$	59,498		$	59,498

Schedule of assets and liabilities measured at fair value on recurring and non-recurring basis


					Fair Value Measurements
					at Reporting Date Using
					Quoted Price
					in Active			Significant
		Carrying			Markets for			Other			Significant
		Value			Identical			Observable			Unobservable
		June 30,			Assets			Inputs			Inputs
(U.S. Dollars in thousands)		2026			(Level 1)			(Level 2)			(Level 3)
Recurring:
Financial assets:
Cash and cash equivalents		$	95,255		$	95,255		$	—		$	—
Current derivative assets:
Interest rate swap contracts			2,133			—			2,133			—
Non-current derivative assets:
Interest rate swap contracts			2,250			—			2,250			—
Financial liabilities:
Non-current derivative liabilities:
Interest rate swap contracts			161						161
Long-term debt, current and non-current		$	905,915		$	—		$	889,741		$	—


					Fair Value Measurements
					at Reporting Date Using
					Quoted Price
					in Active			Significant
		Carrying			Markets for			Other			Significant
		Value			Identical			Observable			Unobservable
		December 31,			Assets			Inputs			Inputs
(U.S. Dollars in thousands)		2025			(Level 1)			(Level 2)			(Level 3)
Recurring:
Financial assets:
Cash and cash equivalents		$	88,983		$	88,983		$	—		$	—
Current derivative assets:
Interest rate swap contracts			2,276			—			2,276			—
Non-current derivative assets:
Interest rate swap contracts			1,908			—			1,908			—
Financial liabilities:
Current derivative liabilities:
Interest rate swap contracts			247			—			247			—
Non-current derivative liabilities:
Interest rate swap contracts			909						909
Long-term debt, current and non-current		$	959,633		$	—		$	941,525		$	—
Non-recurring:
Non-current asset:
Vessel		$	59,498		$	—		$	—		$	59,498