v3.26.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current Assets:    
Cash and cash equivalents $ 163,627 $ 116,922
Short-term investments 290,000 50,000
Voyage receivables, net of allowance for credit losses of $84 and $52 including unbilled receivables of $273,872 and $169,610 381,915 177,887
Other receivables 25,231 13,836
Inventories 21,962 611
Prepaid expenses and other current assets 12,861 7,790
Total Current Assets 895,596 367,046
Vessels and other property, less accumulated depreciation of $509,785 and $506,585 2,104,268 2,077,986
Vessels construction in progress 0 57,725
Deferred drydock expenditures, net 122,897 109,257
Operating lease right-of-use assets 5,139 7,220
Pool working capital deposits 23,303 33,051
Goodwill 7,391 0
Other assets 14,218 16,357
Total Assets 3,172,812 2,668,642
Current Liabilities:    
Accounts payable, accrued expenses and other current liabilities 97,878 69,921
Current portion of operating lease liabilities 1,349 3,182
Current installments of long-term debt 34,626 25,788
Total Current Liabilities 133,853 98,891
Long-term operating lease liabilities 5,546 5,954
Long-term debt 665,371 541,291
Other liabilities 2,427 2,229
Total Liabilities 807,197 648,365
Commitments and contingencies
Equity:    
Capital - 100,000,000 no par value shares authorized; 49,531,311 and 49,404,078 1,505,245 1,507,325
Retained earnings 867,211 523,792
Accumulated other comprehensive loss (6,841) (10,840)
Total Equity 2,365,615 2,020,277
Total Liabilities and Equity $ 3,172,812 $ 2,668,642