| Schedule of Long Term Debt |
Long-term debt for the respective periods presented consisted of the following. | | | | | | | | | | | | | September 30, | | December 31, | | (Thousands of dollars) | 2026 | | 2025 | | Notes payable | | | | 5.875% notes, due December 2027 | $ | — | | | $ | 78,899 | | 6.375% notes, due July 2028 | — | | | 148,590 | | 7.050% notes, due May 2029 | 117,582 | | | 117,582 | | 6.000% notes, due October 2032 | 600,000 | | | 600,000 | | 6.500% notes, due February 2034 | 500,000 | | | — | | 6.375% notes, due December 2042 ¹ | 339,761 | | | 339,761 | | | Total notes payable | 1,557,343 | | | 1,284,832 | | | Unamortized debt issuance cost and discount on notes payable | (17,712) | | | (12,406) | | | Total notes payable, net of unamortized discount | 1,539,631 | | | 1,272,426 | | | Finance lease obligations, due through October 2039 ² | 94,721 | | | 12,654 | | | Total debt including current maturities | 1,634,352 | | | 1,285,080 | | | Senior unsecured revolving credit facility | — | | | 100,000 | | | Current maturities | (11,229) | | | (2,514) | | | Total long-term debt | $ | 1,623,123 | | | $ | 1,382,566 | |
1 Coupon rate may fluctuate 25 basis points if rating is periodically downgraded or upgraded by S&P and Moody’s. 2 Includes finance lease liabilities of $83.9 million at September 30, 2026 for a floating storage and offloading vessel (FSO) in Vietnam. See Note Q - Leases for additional information.
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