Three Months Ended September 30,

Nine Months Ended September 30,

2023

2022

X

2023

2022

(In thousands)

Interest expense before capitalized interest

$

30,229

$

22,801

$

85,942

$

60,100

Amortization of deferred financing costs

3,381

1,118

6,011

3,369

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

—

2,091

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

Net unrealized (gain) loss

1,742

(3,099)

7,383

(8,493)

Net realized gain

(230)

—

Capitalized interest

(7,219)

(2,888)

(18,756)

(6,816)

Interest expense

$

27,903

$

17,932

$

80,580

$

50,251