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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenues      
Vessel operating revenues $ 347,637 $ 356,349 $ 371,022
Operating expenses      
Voyage expenses (12,372) (3,368) (1,678)
Vessel operating expenses (74,876) (69,918) (68,357)
Administrative expenses (7,966) (9,788) (10,467)
Depreciation (76,619) (75,482) (73,363)
Operating income 175,804 197,793 217,157
Other income/(expenses)      
Interest income 4,088 4,467 4,868
Interest expense (92,625) (105,588) (108,724)
Extinguishment of long-term debt (4,069) (637) (10,238)
Gain on derivatives (7,448) 22,838 18,281
Other financial items (853) (1,057) (1,227)
Income before tax 74,897 117,816 120,117
Income tax expense (82) (132) (78)
Net income $ 74,815 $ 117,684 $ 120,039
Earnings per share:      
Basic earnings per share (in dollars per share) $ 1.38 $ 2.19 $ 2.24
Diluted earnings per share (in dollars per share) $ 1.38 $ 2.18 $ 2.22