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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues        
Total revenue $ 193,419 $ 275,471 $ 576,865 $ 918,899
Operating expenses        
Cost of revenue and vessel operating expenses (exclusive of items below) 45,431 49,190 162,623 156,646
Direct cost of gas sales 41,399 106,109 112,451 438,987
Depreciation and amortization 23,031 33,161 76,341 89,126
Selling, general and administrative expenses 23,819 19,513 70,671 63,393
Total operating expenses 133,680 207,973 422,086 748,152
Operating Income 59,739 67,498 154,779 170,747
Other income (expense)        
Interest expense (11,711) (13,926) (35,914) (39,360)
Interest expense - related party (3,411) (3,592) (10,290) (10,777)
Earnings from equity method investment 562 (550) 1,685 258
Other income, net 6,525 5,263 17,189 11,435
Income before income taxes 51,704 54,693 127,449 132,303
Provision for income taxes (6,158) (8,188) (20,486) (25,503)
Net income 45,546 46,505 106,963 106,800
Less net income attributable to non-controlling interest 36,591 32,613 85,012 80,096
Net income attributable to shareholders $ 8,955 $ 13,892 $ 21,951 $ 26,704
Net income per common share - basic $ 0.36 $ 0.53 $ 0.86 $ 1.02
Net income per common share - diluted $ 0.35 $ 0.4 $ 0.85 $ 0.91
Weighted average shares outstanding - basic 25,009,326 26,254,243 25,447,088 26,254,193
Weighted average shares outstanding - diluted 25,468,541 108,295,819 25,710,434 108,303,411
FSRU and terminal services        
Revenues        
Total revenue $ 150,139 $ 133,177 $ 458,120 $ 377,216
Gas Sales        
Revenues        
Total revenue $ 43,280 $ 142,294 $ 118,745 $ 541,683