XML 52 R36.htm IDEA: XBRL DOCUMENT

PARTNERS' CAPITAL (Tables)

6 Months Ended

Jun. 30, 2024

PARTNERS' CAPITAL

Summary of quarterly per unit distribution paid


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

February 14, 2023		$	0.70		$	91,938
May 15, 2023			0.70			90,930
August 14, 2023			0.70			90,899
November 14, 2023			0.70			90,812
Total		$	2.80		$	364,579

February 14, 2024		$	0.70		$	91,246
May 15, 2024			0.70			90,736
August 14, 2024 (1)			0.70
Total		$	2.10		$	181,982

(1)	On July 26, 2024, we declared this quarterly distribution payable on August 14, 2024 to all unitholders of record as of August 7, 2024.

Summary of changes to Partners' Capital


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

		(in thousands, except unit data)
Balance at January 1, 2024		127,125,437		$	1,896,027		$	(61,525)		$	24,095		$	1,858,597
Cumulative-effect adjustment (see Note 2)		—			6,232			—			—			6,232
Comprehensive income:
Net income		—			158,057			—			1,510			159,567
Actuarially determined long-term liability adjustments		—			—			923			—			923
Total comprehensive income		—			—			—			—			160,490
Settlement of deferred compensation plans		936,544			(13,292)			—			—			(13,292)
Common unit-based compensation		—			2,604			—			—			2,604
Distributions on deferred common unit-based compensation		—			(2,261)			—			—			(2,261)
Distributions from consolidated company to noncontrolling interest		—			—			—			(1,981)			(1,981)
Distributions to Partners		—			(88,985)			—			—			(88,985)
Balance at March 31, 2024		128,061,981			1,958,382			(60,602)			23,624			1,921,404
Comprehensive income:
Net income		—			100,187			—			1,322			101,509
Actuarially determined long-term liability adjustments		—			—			957			—			957
Total comprehensive income														102,466
Common unit-based compensation		—			2,926			—			—			2,926
Distributions on deferred common unit-based compensation		—			(1,091)			—			—			(1,091)
Distributions from consolidated company to noncontrolling interest		—			—			—			(1,942)			(1,942)
Distributions to Partners		—			(89,645)			—			—			(89,645)
Balance at June 30, 2024		128,061,981		$	1,970,759		$	(59,645)		$	23,004		$	1,934,118


										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 income																	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					(7,251)			(64,999)									(72,250)
Cash retained by JC Resources in acquisition		—			—			(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