XML 23 R4.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]      
Revenues (Note 3) $ 299,071 $ 184,665 $ 140,865
Expenses / (income), net:      
Voyage expenses (Note 10) 16,236 10,698 6,301
Vessel operating expenses (Note 10) 58,288 41,199 33,745
Vessel operating expenses  - related parties (Notes 4, 10) 9,172 5,923 4,976
General and administrative expenses (including $2,244, $2,013 and $2,049 to related parties, for the years ended December 31, 2022, 2021 and 2020, respectively) (Notes 4, 13) 10,681 8,662 7,195
Gain on sale of vessels (Note 5) (47,275) (46,812) 0
Vessel depreciation and amortization (Note 5) 69,272 46,935 41,405
Operating income 182,697 118,060 47,243
Other income / (expense), net:      
Interest expense and finance cost (Note 7) (55,421) (20,129) (16,741)
Other (expense) / income (1,855) 247 (135)
Total other expense, net (57,276) (19,882) (16,876)
Partnership’s net income 125,421 98,178 30,367
General Partner’s interest in Partnership’s net income (Note 14) 2,157 1,790 558
Partnership’s net income allocable to unvested units (Note 14) 3,662 2,053 685
Common unit holders’ interest in Partnership’s net income (Note 14) $ 119,602 $ 94,335 $ 29,124
Net income per (Note 14):      
• Common unit, basic and diluted $ 6.19 $ 5.14 $ 1.60
• Common units, basic and diluted 19,325,030 18,342,413 18,194,186
Partnership’s net income $ 125,421 $ 98,178 $ 30,367
Other comprehensive loss:      
Unrealized loss on derivative instruments (Note 8) (4,766) 0 0
Partnership’s comprehensive income $ 120,655 $ 98,178 $ 30,367