| Equity Investments Table |
The following tables present the financial statement impact of the Partnership’s equity investments for the three months ended March 31, 2024:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | thousands | | Balance at December 31, 2023 | | | | | | Equity
income, net | | | | Distributions | | Distributions in excess of cumulative earnings (1) | | Acquisitions and Divestitures (2) | | Balance at March 31, 2024 | | White Cliffs | | $ | 13,248 | | | | | | | $ | 1,285 | | | | | $ | (1,285) | | | $ | (843) | | | $ | — | | | $ | 12,405 | | | Rendezvous | | 10,815 | | | | | | | (578) | | | | | (237) | | | (464) | | | — | | | 9,536 | | | Mont Belvieu JV | | 88,556 | | | | | | | 51 | | | | | (442) | | | (6,047) | | | (82,118) | | | — | | | TEG | | 15,185 | | | | | | | 169 | | | | | (175) | | | (200) | | | — | | | 14,979 | | | TEP | | 172,559 | | | | | | | 7,218 | | | | | (7,281) | | | (635) | | | — | | | 171,861 | | | FRP | | 186,551 | | | | | | | 11,727 | | | | | (11,770) | | | (1,803) | | | — | | | 184,705 | | | Whitethorn LLC | | 144,799 | | | | | | | 1,185 | | | | | 3,326 | | | (4,924) | | | (144,386) | | | — | | | Saddlehorn | | 101,760 | | | | | | | 4,200 | | | | | (4,124) | | | (3,096) | | | (98,740) | | | — | | | Panola | | 18,716 | | | | | | | 74 | | | | | (74) | | | (1,021) | | | (17,695) | | | — | | | Mi Vida | | 45,424 | | | | | | | 2,068 | | | | | (2,050) | | | — | | | — | | | 45,442 | | | Red Bluff Express | | 106,922 | | | | | | | 5,420 | | | | | (5,192) | | | — | | | — | | | 107,150 | | | Total | | $ | 904,535 | | | | | | | $ | 32,819 | | | | | $ | (29,304) | | | $ | (19,033) | | | $ | (342,939) | | | $ | 546,078 | |
_________________________________________________________________________________________ (1)Distributions in excess of cumulative earnings, classified as investing cash flows in the consolidated statements of cash flows, are calculated on an individual-investment basis. (2)See Note 3.
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