CONDENSED 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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| Shipping Revenues: | ||||
| Shipping revenues | $ 483,202 | $ 196,388 | $ 1,275,965 | $ 575,423 |
| Other operating revenues | 2,247 | 0 | 6,590 | |
| Operating Expenses: | ||||
| Voyage expenses | 40,645 | 3,920 | 81,976 | 15,791 |
| Vessel expenses | 64,051 | 65,815 | 188,721 | 200,264 |
| Charter hire expenses | 21,214 | 7,134 | 44,096 | 25,906 |
| Depreciation and amortization | 41,283 | 41,170 | 121,539 | 122,224 |
| General and administrative | 19,639 | 11,804 | 45,554 | 37,186 |
| Other operating expenses | 106 | 1,520 | 373 | 1,737 |
| Gain on disposal of vessels and other assets, net | (52,817) | (13,658) | (140,945) | (34,908) |
| Total operating expenses | 134,121 | 117,705 | 341,314 | 368,200 |
| Income from vessel operations | 351,328 | 78,683 | 941,241 | 207,223 |
| Holding gain on previously held equity interest | 0 | 0 | 3,919 | |
| Operating income | 351,328 | 78,683 | 945,160 | 207,223 |
| Other income | 4,752 | 1,486 | 11,507 | 5,370 |
| Income before interest expense and income taxes | 356,080 | 80,169 | 956,667 | 212,593 |
| Interest expense | (11,396) | (9,623) | (30,916) | (30,836) |
| Income before income taxes | 344,684 | 70,546 | 925,751 | 181,757 |
| Income tax provision | (446) | 0 | (445) | |
| Net income | $ 344,238 | $ 70,546 | $ 925,306 | $ 181,757 |
| Weighted Average Number of Common Shares Outstanding: | ||||
| Basic | 49,518,848 | 49,348,406 | 49,489,239 | 49,326,459 |
| Diluted | 49,905,554 | 49,606,210 | 49,854,098 | 49,537,318 |
| Per Share Amounts: | ||||
| Basic net income per share | $ 6.95 | $ 1.43 | $ 18.69 | $ 3.68 |
| Diluted net income per share | $ 6.9 | $ 1.42 | $ 18.55 | $ 3.67 |
| Pool revenues | ||||
| Shipping Revenues: | ||||
| Shipping revenues | $ 215,551 | $ 146,023 | $ 719,574 | $ 432,391 |
| Time charter revenues | ||||
| Shipping Revenues: | ||||
| Shipping revenues | 113,961 | 39,040 | 263,605 | 111,626 |
| Voyage charter revenues | ||||
| Shipping Revenues: | ||||
| Shipping revenues | $ 153,690 | $ 11,325 | $ 292,786 | $ 31,406 |
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- Definition Income (loss) before interest expense, reorganization items and taxes during the period. No definition available.
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- Definition Operating Income loss excluding equity in income (loss) of affiliated companies. No definition available.
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- Definition The total amount of other operating revenue, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operation. 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 Expenses associated with 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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- References No definition available.
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- Definition Amount of gain (loss) from remeasurement of acquisition-date fair value of equity interest in acquiree held by acquirer immediately before acquisition date in business combination achieved in stages. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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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 assets, including but not limited to property plant and equipment, intangible assets and equity in securities of subsidiaries or equity method investee. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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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/disclosureRef
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- Definition Amount of interest expense classified as nonoperating. 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/disclosureRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of single lease cost, calculated by allocation of remaining cost of lease over remaining lease term. Includes, but is not limited to, single lease cost, after impairment of right-of-use asset, calculated by amortization of remaining right-of-use asset and accretion of lease liability. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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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/disclosureRef
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- References No definition available.
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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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