XML 11 R4.htm IDEA: XBRL DOCUMENT v3.24.3
Unaudited Interim Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Unaudited Interim Condensed Consolidated Statements of Operations        
Revenue, net $ 96,118 $ 86,940 $ 323,745 $ 297,099
Voyage expenses (34,574) (30,640) (99,842) (98,735)
Vessel operating expenses (13,970) (14,427) (45,114) (44,622)
Operating expense component (3,082) (2,115) (8,812) (7,229)
Vessel lease expense component (2,835) (1,946) (8,109) (6,652)
Depreciation (7,833) (6,928) (22,414) (20,683)
Amortization of deferred drydock expenditures (997) (733) (2,692) (2,635)
General and administrative expenses        
Corporate (6,274) (5,081) (16,648) (14,902)
Commercial and chartering (1,212) (1,087) (3,296) (3,310)
Gain on vessel sold     12,322 0
Unrealized losses on derivatives (26)   (26) (31)
Interest expense and finance costs (1,103) (2,998) (5,673) (8,687)
Gain on extinguishment     1,432 0
Interest income 226 418 1,382 1,263
Net Income before taxes 24,438 21,403 126,255 90,876
Income tax (74) (50) (203) (347)
(Loss)/gain from equity method investments (220) (150) 19 (730)
Net Income 24,144 21,203 126,071 89,799
Preferred dividends (857) (857) (2,552) (2,543)
Net income attributable to common stockholders $ 23,287 $ 20,346 $ 123,519 $ 87,256
Earnings per share, basic (in dollars per share) $ 0.55 $ 0.49 $ 2.96 $ 2.12
Earnings per share, diluted (in dollars per share) $ 0.55 $ 0.49 $ 2.93 $ 2.09
Weighted average number of shares outstanding, basic (in shares) 42,135,165 41,296,128 41,663,882 41,072,686
Weighted average number of shares outstanding, diluted (in shares) 42,362,193 41,754,259 42,096,610 41,742,364