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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Condensed Consolidated Statements of Operations      
Revenue, net $ 405,784 $ 395,978 $ 445,741
Voyage expenses (132,612) (131,904) (153,729)
Vessel operating expenses (60,254) (59,770) (60,020)
Operating expense component (11,828) (10,194) (7,809)
Vessel lease expense component (10,883) (9,380) (7,185)
Depreciation (30,244) (27,817) (29,276)
Amortization of deferred drydock expenditures (3,636) (3,542) (4,161)
General and administrative expenses      
Corporate (23,439) (20,565) (19,936)
Commercial and chartering (4,601) (4,676) (4,171)
Gain / (loss) on vessels sold 12,322   (6,917)
Unrealized gains / (losses) on derivatives 655 (262) 2,961
Interest expense and finance costs (6,778) (11,408) (15,537)
Gain / (loss) on extinguishment 1,432   (1,576)
Interest income 1,817 1,818 471
Net Income before taxes 137,735 118,278 138,856
Income tax (215) (435) (207)
Loss from equity method investments (4,514) (1,035) (195)
Net Income 133,006 116,808 138,454
Preferred dividends (3,660) (3,400) (3,400)
Extinguishment of Preferred Stock (739)    
Net income attributable to common stockholders $ 128,607 $ 113,408 $ 135,054
Earnings per share, basic (in dollars per share) $ 3.09 $ 2.76 $ 3.63
Earnings per share, diluted (in dollars per share) $ 3.06 $ 2.71 $ 3.52
Weighted average number of shares outstanding, basic (in shares) 41,655,701 41,130,089 37,235,599
Weighted average number of shares outstanding, diluted (in shares) 42,041,821 41,821,637 38,359,985