Consolidated Statements of Operations - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2026 |
Sep. 30, 2025 |
Sep. 30, 2026 |
Sep. 30, 2025 |
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| Consolidated Statements of Operations | ||||
| Revenue, net | $ 87,711 | $ 81,245 | $ 291,841 | $ 227,287 |
| Voyage expenses | (33,972) | (28,465) | (89,730) | (84,674) |
| Vessel operating expenses | (18,505) | (16,425) | (55,263) | (47,046) |
| Operating expense component | (657) | (2,373) | (1,686) | (8,395) |
| Vessel lease expense component | (605) | (2,183) | (1,552) | (7,725) |
| Depreciation | (9,194) | (8,755) | (27,713) | (24,308) |
| Amortization of deferred drydock expenditures | (1,725) | (1,621) | (5,299) | (3,799) |
| General and administrative expenses | ||||
| Corporate | (4,648) | (5,265) | (14,471) | (15,046) |
| Commercial and chartering | (1,139) | (1,089) | (3,498) | (3,577) |
| Gain on vessel sold | 12,201 | 0 | ||
| Interest expense and finance costs | (1,042) | (1,744) | (4,869) | (3,721) |
| Loss on extinguishment of debt | (469) | 0 | (469) | |
| Interest income | 214 | 188 | 693 | 603 |
| Income before taxes and equity method investments | 16,438 | 13,044 | 100,654 | 29,130 |
| Income tax | (44) | (137) | (105) | (202) |
| Loss from equity method investments | (46) | (121) | (102) | (288) |
| Net Income | 16,348 | 12,786 | 100,447 | 28,640 |
| Preferred dividends | (643) | 0 | (1,907) | |
| Net Income attributable to common stockholders | $ 16,348 | $ 12,143 | $ 100,447 | $ 26,733 |
| Net income per share, basic (in dollars per share) | $ 0.4 | $ 0.3 | $ 2.46 | $ 0.66 |
| Net income per share, diluted (in dollars per share) | $ 0.4 | $ 0.3 | $ 2.45 | $ 0.66 |
| Weighted average number of shares outstanding, basic (in shares) | 40,851,870 | 40,694,411 | 40,804,228 | 40,599,862 |
| Weighted average number of shares outstanding, diluted (in shares) | 40,999,114 | 40,712,341 | 41,001,711 | 40,740,174 |
| X | ||||||||||
- Definition The aggregate expense charged against earnings to allocate the cost of deferred dry dock expenditure. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. No definition available.
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- Definition Refers to charter hire costs, Operating expense component. No definition available.
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- Definition Refers to charter hire costs, Vessel lease expense component. No definition available.
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- Definition Amount of chartering and commercial expenses. No definition available.
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- Definition Expenses associated with commissions and operating vessels which are attributable to particular voyages such as port and canal charges, fuel (bunker) expenses, and brokerage commissions payable to unaffiliated third parties. No definition available.
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- Definition Direct vessel operating expenses, which includes crew costs, provisions, deck and engine stores, lubricating oil, insurance and maintenance and repairs, incurred during the reporting period. No definition available.
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- Definition The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of gain (loss) on sale or disposal of property, plant and equipment assets, including oil and gas property and timber property. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of income (loss) from continuing operations before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of income (loss) from equity method investments. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of income (loss) for proportionate share of equity method investee's income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of interest expense classified as operating and nonoperating. Includes, but is not limited to, cost of borrowing accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of general and administrative expense classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Dividends paid to preferred stock holders that is redeemable solely at the option of the issuer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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