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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 447,632 $ 437,154
Restricted cash 65 49
Inventory 9,004 4,824
Other current assets 46,234 31,666
Total current assets 503,275 474,379
Non-current assets    
Derivative instruments 18,054 40,090
Vessels and equipment, net 2,102,495 2,154,465
Other fixed assets 0 5
Total non-current assets 2,120,549 2,194,560
Total Assets 2,623,824 2,668,939
Current liabilities    
Current portion of long-term debt 109,629 106,708
Derivative instruments 604 0
Accounts payable 10,508 2,002
Other current liabilities 44,412 49,544
Total current liabilities 165,826 158,777
Non-current liabilities    
Long-term debt 1,738,578 1,703,529
Other non-current liabilities 163 0
Total non-current liabilities 1,738,741 1,703,529
Total liabilities 1,904,567 1,862,306
Equity    
Share capital (2025: 54,520,325 shares issued, par value $0.01 per share (2024: 54,520,325 shares issued, par value $0.01 per share)) 545 545
Treasury shares at cost (2025: 427,949 shares (2024: 432,557)) (4,180) (4,224)
Additional paid in capital 704,300 904,268
Contributed surplus 221,268 183,535
Accumulated deficit (202,676) (277,491)
Total equity 719,257 806,633
Total Liabilities and Equity $ 2,623,824 $ 2,668,939
Par value (in USD per share) $ 0.01 $ 0.01
Related party    
Current assets    
Receivables due from related parties $ 340 $ 686
Current liabilities    
Payables due to related parties $ 673 $ 523