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Equity and Partners' Capital (Tables)
6 Months Ended
Jun. 30, 2026
Partners' Capital Notes [Abstract]  
Calculation of Net Income (Loss) Per Unit Table
The following table provides a reconciliation between basic and diluted net income (loss) per common unit:
Three Months Ended 
June 30,
Six Months Ended 
June 30,
thousands except per-unit amounts2026202520262025
Net income (loss)
Limited partners’ interest in net income (loss)$394,884 $333,750 $737,274 $635,587 
Weighted-average common units outstanding
Basic398,043 381,328 398,566 381,158 
Dilutive effect of non-vested phantom units1,338 998 1,464 1,240 
Diluted399,381 382,326 400,030 382,398 
Excluded due to anti-dilutive effect1 488 1 353 
Net income (loss) per common unit
Basic$0.99 $0.88 $1.85 $1.67 
Diluted$0.99 $0.87 $1.84 $1.66