v3.26.1
Income Taxes (Tables)
6 Months Ended
Jun. 30, 2026
Income Taxes  
Schedule of significant components of current and deferred Income tax expense attributable to Income from continuing operations

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Three Months Ended

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Six Months Ended

 

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June 30, 

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June 30, 

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(U.S. Dollars in thousands)

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2026

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2025

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2026

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2025

 

Income (loss) before income taxes

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$

3,569

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$

6,935

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$

6,473

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$

15,095

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Income tax benefit (expense)

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(158)

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(125)

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(435)

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(704)

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Effective tax rate

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(4)

%

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(2)

%  

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(7)

%

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(5)

%

Schedule of income tax expenses

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Three Months Ended

 

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Six Months Ended

 

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June 30, 

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June 30, 

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(U.S. Dollars in thousands)

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2026

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2025

 

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2026

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2025

 

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Income tax benefit (expense) within Norwegian tonnage tax regime

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$

(158)

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$

(108)

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$

(426)

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$

(678)

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Income tax benefit (expense) within UK

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—

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(17)

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(9)

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(26)

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Income tax benefit (expense)

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(158)

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(125)

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(435)

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(704)

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Effective tax rate

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(4)

%  

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(2)

%

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(7)

%  

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(5)

%

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