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Equity Investments (Tables)
6 Months Ended
Jun. 30, 2026
Equity Method Investments and Joint Ventures [Abstract]  
Equity Investments Table
The following table presents the financial statement impact of the Partnership’s equity investments for the six months ended June 30, 2026:
thousandsPercentage Ownership InterestBalance at December 31, 2025Equity
income, net
ContributionsDistributions
Distributions
in excess of
cumulative
earnings (1)
Balance at June 30, 2026
FRP33.33 %$176,806 $19,124 $ $(19,668)$(3,638)$172,624 
Mi Vida50.00 %31,741 (2,991)2,578   31,328 
Red Bluff Express30.00 %111,795 10,400  (10,400)(506)111,289 
Rendezvous (2)
22.00 %372 (171) (101)(100) 
TEG20.00 %13,935 339  (350)(238)13,686 
TEP20.00 %164,034 7,496  (7,741)(3,847)159,942 
White Cliffs10.00 %6,176 2,115  (2,115)(1,578)4,598 
Total$504,859 $36,312 $2,578 $(40,375)$(9,907)$493,467 
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(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)Carrying value remained zero as of June 30, 2026, as cumulative equity method losses exceeded our investment balance. Further losses have been suspended as the Partnership has no obligation to fund losses or provide other financial support.