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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues        
Total revenue $ 183,333 $ 432,372 $ 383,446 $ 643,428
Operating expenses        
Cost of revenue and vessel operating expenses (exclusive of items below) 46,579 48,664 117,192 107,456
Direct cost of gas sales 31,173 277,693 71,052 332,878
Depreciation and amortization 30,400 30,772 53,310 55,965
Selling, general and administrative expenses 25,300 21,563 46,852 43,880
Total operating expenses 133,452 378,692 288,406 540,179
Operating Income 49,881 53,680 95,040 103,249
Other income (expense)        
Interest expense (12,057) (13,479) (24,203) (25,434)
Interest expense - related party (3,419) (3,593) (6,879) (7,185)
Earnings from equity method investment 592 392 1,123 808
Other income, net 5,707 2,268 10,664 6,172
Income before income taxes 40,704 39,268 75,745 77,610
Provision for income taxes (7,427) (9,712) (14,328) (17,315)
Net income 33,277 29,556 61,417 60,295
Less net income attributable to non-controlling interest 26,605 23,588 48,421 47,483
Net income attributable to shareholders $ 6,672 $ 5,968 $ 12,996 $ 12,812
Net income per common share - basic $ 0.27 $ 0.23 $ 0.51 $ 0.49
Net income per common share - diluted $ 0.26 $ 0.23 $ 0.5 $ 0.49
Weighted average shares outstanding - basic 25,175,057 26,254,167 25,668,374 26,254,167
Weighted average shares outstanding - diluted 25,338,067 26,266,312 25,747,145 26,272,890
FSRU and terminal services        
Revenues        
Total revenue $ 150,987 $ 125,462 $ 307,981 $ 244,039
Gas Sales        
Revenues        
Total revenue $ 32,346 $ 306,910 $ 75,465 $ 399,389