v3.26.3
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 47,481 $ 46,845
Receivables, net of allowance for credit losses of $1.3 million (2025: $1.3 million) 66,324 47,537
Prepaid expenses and other assets 2,678 3,687
Advances and deposits 2,449 4,869
Inventories 14,296 8,912
Vessel held for sale 22,062 0
Total current assets 155,290 111,850
Non-current assets    
Investments and other assets, net 4,898 4,983
Vessels and vessel equipment, net 569,182 638,123
Advances for Vessels under construction 18,662 0
Deferred drydock expenditures, net 20,434 27,068
Advances for vessel equipment 2,655 0
Deferred finance fees, net 4,254 4,920
Operating lease, right-of-use asset 1,403 1,780
Total non-current assets 621,488 676,874
TOTAL ASSETS 776,778 788,724
Current liabilities    
Accounts payable 9,700 5,066
Accrued expenses and other liabilities 15,832 18,585
Deferred revenue 3,597 1,598
Current portion of operating lease obligations 421 598
Total current liabilities 29,550 25,847
Non-current liabilities    
Non-current portion of long-term debt 61,215 127,000
Non-current portion of operating lease obligations 1,024 1,272
Other non-current liabilities 268 268
Total non-current liabilities 62,507 128,540
TOTAL LIABILITIES 92,057 154,387
Stockholders' equity    
Common stock 444 443
Additional paid in capital 480,407 478,619
Treasury stock (33,524) (33,524)
Retained earnings 237,394 188,799
Total stockholders' equity 684,721 634,337
TOTAL LIABILITIES AND EQUITY $ 776,778 $ 788,724