v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 48,138 $ 46,845
Receivables, net of allowance for bad debts of $1.3 million (2025: $1.3 million) 55,028 47,537
Prepaid expenses and other assets 4,757 3,687
Advances and deposits 2,297 4,869
Inventories 13,966 8,912
Total current assets 124,186 111,850
Non-current assets    
Investments and other assets, net 4,918 4,983
Vessels and vessel equipment, net 599,435 638,123
Deferred drydock expenditures, net 22,516 27,068
Advances for vessel equipment 481 0
Deferred finance fees, net 4,479 4,920
Operating lease, right-of-use assets 1,545 1,780
Total non-current assets 633,374 676,874
TOTAL ASSETS 757,560 788,724
Current liabilities    
Accounts payable 5,519 5,066
Accrued expenses and other liabilities 12,965 18,585
Deferred revenue 3,810 1,598
Current portion of operating lease obligations 502 598
Total current liabilities 22,796 25,847
Non-current liabilities    
Non-current portion of long-term debt 33,381 127,000
Non-current portion of operating lease obligations 1,097 1,272
Other non-current liabilities 268 268
Total non-current liabilities 34,746 128,540
TOTAL LIABILITIES 57,542 154,387
Stockholders' equity    
Common stock 444 443
Additional paid in capital 479,779 478,619
Treasury stock (33,524) (33,524)
Retained earnings 253,319 188,799
Total stockholders' equity 700,018 634,337
TOTAL LIABILITIES AND EQUITY $ 757,560 $ 788,724