Three Months Ended June 30,

Six Months Ended June 30,

2023

2022

X

2023

2022

(In thousands)

Interest expense before capitalized interest

$

27,805

$

18,857

$

55,713

$

37,299

Amortization of deferred financing costs

1,351

1,121

2,630

2,251

Interest expense related to finance lease right-of-use assets

—

247

—

2,091

Net (gain) loss on derivative financial instruments designated as ineffective hedges:

Net unrealized (gain) loss

2,944

(2,027)

5,641

(5,394)

Net realized loss

97

—

230

—

Capitalized interest

(6,362)

(2,157)

(11,537)

(3,928)

Interest expense

$

25,835

$

16,041

$

52,677

$

32,319