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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating revenues    
Time charter revenues $ 312,528 $ 302,391
Voyage charter and pool revenues 9,388 5,792
Drilling contract revenues 48,385 95,844
Interest income – sales-type leases 920 1,396
Profit sharing income 2,601 9,932
Other operating income 5,505 4,624
Total operating revenues 379,327 419,979
Gain/(loss) on sale of vessels 4,242 (17)
Operating expenses    
Vessel and rig operating expenses 161,903 146,438
Depreciation 121,775 114,999
Vessel impairment charge 34,093 0
Administrative expenses 9,653 10,825
Total operating expenses 327,424 272,262
Operating income 56,145 147,700
Non-operating income/(expense)    
Interest income – long-term loans to associated companies 2,263 2,276
Interest income – other 3,834 4,198
Interest expense (92,067) (88,175)
Loss on investments in equity securities (1,326) (207)
Interest and valuation (loss)/gain on non-designated derivatives (2,562) 4,530
Other financial items, net 3,415 (1,416)
Equity in earnings of associated companies 1,146 1,475
(Loss)/Income before taxes (29,152) 70,381
Tax expense (1,259) (4,447)
Net (loss)/income $ (30,411) $ 65,934
Per share information:    
Basic (loss)/earnings per share (in USD per share) $ (0.23) $ 0.52
Diluted (loss)/earnings per share (in USD per share) $ (0.23) $ 0.52