XML 19 R2.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 313,988 $ 192,420
Trade accounts receivable, net 3,853 3,103
Prepayments and other assets 7,512 6,748
Due from related party (Note 5) $ 1,131 $ 402
Accounts Receivable, after Allowance for Credit Loss, Current, Related Party [Extensible Enumeration] Related Party [Member] Related Party [Member]
Inventories $ 4,844 $ 3,004
Claims 865 865
Current assets of discontinued operations (Note 3) 73,350 18,962
Total current assets 405,543 225,504
Fixed assets    
Advances for vessels under construction - related party (Notes 5, 6) 54,000 174,400
Vessels, net and vessels under construction (Note 6) 3,527,305 2,212,613
Total fixed assets 3,581,305 2,387,013
Other non-current assets    
Above market acquired charters (Note 7) 101,574 73,969
Deferred charges, net 361 0
Restricted cash (Note 8) 22,521 11,721
Derivative asset (Note 9) 1,574 6,636
Prepayments and other assets 4 1,325
Non-current assets of discontinued operations (Note 3) 0 434,131
Total non-current assets 3,707,339 2,914,795
Total assets 4,112,882 3,140,299
Current liabilities    
Current portion of long-term debt, net (Note 8) 128,383 93,457
Trade accounts payable 15,119 9,809
Due to related parties (Note 5) $ 3,542 $ 4,156
Accounts Payable, Current, Related Party [Extensible Enumeration] Related Party [Member] Related Party [Member]
Accrued liabilities (Note 11) $ 32,157 $ 18,658
Deferred revenue 29,804 19,100
Derivative liabilities (Note 9) 18,114 0
Current liabilities of discontinued operations (Note 3) 16,372 38,750
Total current liabilities 243,491 183,930
Long-term liabilities    
Long-term debt, net (Note 8) 2,450,129 1,585,196
Derivative liabilities (Note 9) 0 7,180
Below market acquired charters (Note 7) 75,659 85,408
Deferred revenue 634 4,001
Non-current liabilities of discontinued operations (including $6,000 payable to related party as of December 31, 2023) (Note 3) 0 99,651
Total long-term liabilities 2,526,422 1,781,436
Total liabilities 2,769,913 1,965,366
Commitments and contingencies (Note 17) 0 0
Shareholders' Equity    
General Partner (348,570 General partner units as of December 31, 2023) (Note 14) 0 12,885
Limited Partners - Common (55,909,665 units issued and 55,039,143 units outstanding as of December 31, 2023) (Note 14) 0 1,171,573
Treasury Units (870,522 as of December 31, 2023) (Note 14) 0 (7,939)
Accumulated other comprehensive loss (289) (1,586)
Common shares ($0.01 par value, 59,938,374 shares issued and 58,387,313 shares outstanding as of December 31, 2024) (Notes 1, 14) 599 0
Additional paid-in capital 1,240,044 0
Retained earnings 102,615 0
Total shareholders' equity 1,342,969 1,174,933
Total liabilities and shareholders' equity $ 4,112,882 $ 3,140,299