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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Shipping Revenues:      
Shipping revenues $ 843,302 $ 951,613 $ 1,071,775
Operating Expenses:      
Voyage expenses 23,688 18,510 16,256
Vessel expenses 266,143 275,661 259,539
Charter hire expenses 33,261 29,839 39,404
Depreciation and amortization 163,586 149,440 129,038
General and administrative 50,235 52,607 47,473
Other operating expenses 3,541 2,820  
Third-party debt modification fees   168 568
(Gain) loss on disposal of vessels and other assets, net of impairments (42,537) (32,657) (35,934)
Total operating expenses 497,917 496,388 456,344
Income from vessel operations 345,385 455,225 615,431
Other income 6,169 10,118 10,652
Income before interest expense and income taxes 351,554 465,343 626,083
Interest expense (42,704) (49,703) (65,759)
Income before income taxes 308,850 415,640 560,324
Income tax benefit/(provision) 411 1,084 (3,878)
Net income $ 309,261 $ 416,724 $ 556,446
Weighted Average Number of Common Shares Outstanding:      
Basic 49,335,230 49,270,496 48,978,452
Diluted 49,595,945 49,680,127 49,428,967
Per Share Amounts:      
Basic net income per share $ 6.27 $ 8.45 $ 11.35
Diluted net income per share $ 6.23 $ 8.38 $ 11.25
Pool revenues      
Shipping Revenues:      
Shipping revenues $ 641,785 $ 749,164 $ 905,808
Timer charter revenues      
Shipping Revenues:      
Shipping revenues 157,580 137,119 96,544
Voyage charter revenues      
Shipping Revenues:      
Shipping revenues $ 43,937 $ 65,330 $ 69,423