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Unaudited Interim Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Unaudited Interim Condensed Consolidated Statements of Operations        
Revenue, net $ 81,245 $ 96,118 $ 227,287 $ 323,745
Voyage expenses (28,465) (34,574) (84,674) (99,842)
Vessel operating expenses (16,425) (13,970) (47,046) (45,114)
Operating expense component (2,373) (3,082) (8,395) (8,812)
Vessel lease expense component (2,183) (2,835) (7,725) (8,109)
Depreciation (8,755) (7,833) (24,308) (22,414)
Amortization of deferred drydock expenditures (1,621) (997) (3,799) (2,692)
General and administrative expenses        
Corporate (5,265) (6,274) (15,046) (16,648)
Commercial and chartering (1,089) (1,212) (3,577) (3,296)
Gain on vessel sold     0 12,322
Unrealized losses on derivatives   (26) 0 (26)
Interest expense and finance costs (1,744) (1,103) (3,721) (5,673)
Loss on extinguishment of debt (469)   (469) 0
Gain on extinguishment of finance leases     0 1,432
Interest income 188 226 603 1,382
Net Income before taxes 13,044 24,438 29,130 126,255
Income tax (137) (74) (202) (203)
(Loss) / gain from equity method investments (121) (220) (288) 19
Net Income 12,786 24,144 28,640 126,071
Preferred dividends (643) (857) (1,907) (2,552)
Net Income attributable to common stockholders $ 12,143 $ 23,287 $ 26,733 $ 123,519
Earnings per share, basic (in dollars per share) $ 0.3 $ 0.55 $ 0.66 $ 2.96
Weighted average number of shares outstanding, basic (in shares) 40,694,411 42,135,165 40,599,862 41,663,882
Earnings per share, diluted (in dollars per share) $ 0.3 $ 0.55 $ 0.66 $ 2.93
Weighted average number of shares outstanding, diluted (in shares) 40,712,341 42,362,193 40,740,174 42,096,610