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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
Revenues, net $ 185,313 $ 183,393 $ 568,406 $ 409,816
Voyage expenses 40,792 30,273 120,710 81,411
Vessel operating expenses 33,091 28,125 88,213 73,323
Charter hire expenses 19,772 10,724 63,768 25,374
Depreciation and amortization 15,407 13,570 45,241 39,187
General and administrative expenses 9,666 7,948 29,611 23,559
Other operating expense 2,469 792 2,643 2,312
Gain on sale of vessel (9,336) (3,962) (9,336) (3,962)
Total operating expenses 111,861 87,470 340,850 241,204
Operating income 73,452 95,923 227,556 168,612
Interest expense 4,236 8,511 13,021 25,561
Interest income (881) (19) (1,100) (52)
Realized and unrealized (gain)/loss on derivative instruments, net (11,293) 8,991 (13,281) 45,588
Loss on debt extinguishment 4,173 99 4,173 99
Total other (income)/expense, net (3,765) 17,582 2,813 71,196
Net income $ 77,217 $ 78,341 $ 224,743 $ 97,416
Weighted average shares outstanding        
Basic (in shares) 12,993,450 12,802,401 12,985,329 12,237,288
Diluted (in shares) 16,201,852 15,936,374 16,219,264 15,354,481
Per share amounts        
Basic net income (in usd per share) $ 5.94 $ 6.12 $ 17.31 $ 7.96
Diluted net income (in usd per share) $ 4.77 $ 4.92 $ 13.86 $ 6.34