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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Shipping Revenues:        
Shipping revenues $ 236,829 $ 84,816 $ 526,508 $ 177,876
Operating Expenses:        
Voyage expenses 2,283 11,848 8,448 15,021
Vessel expenses 58,565 58,174 178,445 112,378
Charter hire expenses 7,797 5,679 22,799 17,283
Depreciation and amortization 27,728 25,806 81,984 59,639
General and administrative 11,839 8,129 32,852 23,141
Third-party debt modification fees (71) (26) (1,158) (26)
Third-party debt modification fees 71 26 1,158 26
Merger and integration related costs   47,079 0 47,560
Loss/(gain) on disposal of vessels and other assets, net of impairments 139 (9,104) (9,339) (5,088)
Total operating expenses 108,422 147,637 316,347 269,960
Income/(loss) from vessel operations 128,407 (62,821) 210,161 (92,084)
Equity in (loss)/income of affiliated companies (1) 5,730 434 16,573
Operating income/(loss) 128,406 (57,091) 210,595 (75,511)
Other income/(expense) 360 (113) (440) 446
Income/(loss) before interest expense and income taxes 128,766 (57,204) 210,155 (75,065)
Interest expense (15,332) (10,639) (40,630) (24,925)
Income/(loss) before income taxes 113,434 (67,843) 169,525 (99,990)
Income tax provision (7) (35) (63) (36)
Net income/(loss) 113,427 (67,878) 169,462 (100,026)
Less: Net loss attributable to noncontrolling interest   (526) 0 (526)
Net loss attributable to the Company $ 113,427 $ (67,352) $ 169,462 $ (99,500)
Weighted Average Number of Common Shares Outstanding:        
Basic 49,312,716 46,903,955 49,493,315 34,395,732
Diluted 49,743,700 46,903,955 49,758,196 34,395,732
Per Share Amounts:        
Basic net loss per share $ 2.30 $ (1.44) $ 3.42 $ (2.90)
Diluted net loss per share $ 2.28 $ (1.44) $ 3.40 $ (2.90)
Pool Revenue Leases [Member]        
Shipping Revenues:        
Shipping revenues $ 215,240 $ 50,543 $ 463,729 $ 101,657
Time and Bareboat Charter Leases [Member]        
Shipping Revenues:        
Shipping revenues 8,487 13,664 22,795 40,076
Voyage Charter Leases [Member]        
Shipping Revenues:        
Shipping revenues $ 13,102 $ 20,609 $ 39,984 $ 36,143