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PARTNERS' CAPITAL (Tables)

9 Months Ended

Sep. 30, 2023

PARTNERS' CAPITAL

Summary of quarterly per unit distribution paid


Payment Date		Per Unit Cash Distribution			Total Cash Distribution
					(in thousands)

February 14, 2022		$	0.2500		$	32,750
May 13, 2022			0.3500			45,810
August 12, 2022			0.4000			52,338
November 14, 2022			0.5000			65,449
Total		$	1.5000		$	196,347

February 14, 2023		$	0.7000		$	91,938
May 15, 2023			0.7000			90,930
August 14, 2023			0.7000			90,899
November 14, 2023 (1)			0.7000			—
Total		$	2.8000		$	273,767

(1)	On October 27, 2023, we declared this quarterly distribution payable on November 14, 2023 to all unitholders of record as of November 7, 2023.

Summary of changes to Partners' Capital


										Accumulated
		Number of		Limited			General			Other
		Limited Partner		Partners'			Partner's			Comprehensive			Noncontrolling			Total Partners'
		Units		Capital			Capital			Income (Loss)			Interest			Capital

		(in thousands, except unit data)
Balance at January 1, 2023		127,195,219		$	1,656,025		$	66,548		$	(41,054)		$	26,507		$	1,708,026
Comprehensive income:
Net income		—			189,801			1,384			—			1,493			192,678
Actuarially determined long-term liability adjustments		—			—			—			565			—			565
Total comprehensive loss																	193,243
Settlement of deferred compensation plans		860,060			(9,320)			—			—			—			(9,320)
Purchase of units under unit repurchase program		(860,060)			(18,209)			—			—			—			(18,209)
Common unit-based compensation		—			2,830			—			—			—			2,830
Distributions on deferred common unit-based compensation		—			(2,901)			—			—			—			(2,901)
Distributions from consolidated company to affiliate noncontrolling interest		—			—			—			—			(2,288)			(2,288)
JC Resources acquisition - See Note 1		—			(7,251)			(64,999)			—			—			(72,250)
Cash retained by JC Resources in acquisition - See Note 1		—			—			(2,933)			—			—			(2,933)
Distributions to Partners		—			(89,037)			—			—			—			(89,037)
Balance at March 31, 2023		127,195,219			1,721,938			—			(40,489)			25,712			1,707,161
Comprehensive income:
Net income		—			169,790			—			—			1,515			171,305
Actuarially determined long-term liability adjustments		—			—			—			563			—			563
Total comprehensive income																	171,868
Settlement of deferred compensation plans		—			(1,014)			—			—			—			(1,014)
Purchase of units under unit repurchase program		(69,782)			(1,223)			—			—			—			(1,223)
Common unit-based compensation		—			3,121			—			—			—			3,121
Distributions on deferred common unit-based compensation		—			(1,895)			—			—			—			(1,895)
Distributions from consolidated company to noncontrolling interest		—			—			—			—			(2,226)			(2,226)
Distributions to Partners		—			(89,035)			—			—			—			(89,035)
Balance at June 30, 2023		127,125,437		$	1,801,682		$	—		$	(39,926)		$	25,001		$	1,786,757
Comprehensive income:
Net income		—			153,699			—			—			1,652			155,351
Actuarially determined long-term liability adjustments		—			—			—			561			—			561
Total comprehensive income		—			—						—			—			155,912
Common unit-based compensation		—			3,239			—			—			—			3,239
Distributions on deferred common unit-based compensation		—			(1,911)			—			—			—			(1,911)
Distributions from consolidated company to noncontrolling interest		—			—			—			—			(2,081)			(2,081)
Distributions to Partners		—			(88,988)			—			—			—			(88,988)
Balance at September 30, 2023		127,125,437		$	1,867,721		$	—		$	(39,365)		$	24,572		$	1,852,928


										Accumulated
		Number of		Limited			General			Other
		Limited Partner		Partners'			Partner's			Comprehensive			Noncontrolling			Total Partners'
		Units		Capital			Capital *			Income (Loss)			Interest			Capital *

		(in thousands, except unit data)
Balance at January 1, 2022		127,195,219		$	1,279,183		$	68,075		$	(64,229)		$	11,115		$	1,294,144
Comprehensive income:
Net income		—			36,652			1,431			—			290			38,373
Actuarially determined long-term liability adjustments		—			—			—			790			—			790
Total comprehensive income																	39,163
Common unit-based compensation		—			2,640			—			—			—			2,640
Distributions on deferred common unit-based compensation		—			(950)			—			—			—			(950)
Distributions from consolidated company to affiliate noncontrolling interest		—			—			—			—			(298)			(298)
Cash retained by JC Resources in acquisition - See Note 1		—			—			(1,590)			—			—			(1,590)
Distributions to Partners		—			(31,800)			—			—			—			(31,800)
Balance at March 31, 2022		127,195,219			1,285,725			67,916			(63,439)			11,107			1,301,309
Comprehensive income:
Net income		—			161,478			2,050			—			323			163,851
Actuarially determined long-term liability adjustments		—			—			—			794			—			794
Total comprehensive income																	164,645
Common unit-based compensation		—			2,340			—			—			—			2,340
Distributions on deferred common unit-based compensation		—			(1,292)			—			—			—			(1,292)
Distributions from consolidated company to noncontrolling interest		—			—			—			—			(325)			(325)
Cash retained by JC Resources in acquisition - See Note 1		—			—			(2,484)			—			—			(2,484)
Distributions to Partners		—			(44,518)			—			—			—			(44,518)
Balance at June 30, 2022		127,195,219		$	1,403,733		$	67,482		$	(62,645)		$	11,105		$	1,419,675
Comprehensive income:
Net income		—			164,607			3,101			—			364			168,072
Actuarially determined long-term liability adjustments		—			—			—			802			—			802
Total comprehensive income																	168,874
Common unit-based compensation		—			2,677			—			—			—			2,677
Distributions on deferred common unit-based compensation		—			(1,461)			—			—			—			(1,461)
Distributions from consolidated company to noncontrolling interest		—			—			—			—			(485)			(485)
Cash retained by JC Resources in acquisition - See Note 1		—			—			(3,578)			—			—			(3,578)
Distributions to Partners		—			(50,877)			—			—			—			(50,877)
Balance at September 30, 2022		127,195,219		$	1,518,679		$	67,005		$	(61,843)		$	10,984		$	1,534,825

* Recast as discussed in Note 1 – Organization and Presentation.