v3.25.1
Preferred Units (Tables)
3 Months Ended
Mar. 31, 2025
Preferred Units and Warrants  
Dividends Declared
We have declared and paid per-unit quarterly cash distributions to the holders of the Preferred Units of record as follows:
Payment DateDistribution per Preferred Unit
February 2, 2024$24.375 
May 3, 202424.375 
August 2, 202424.375 
November 1, 202424.375 
Total 2024 distributions
$97.50 
February 7, 2025$24.375 
Changes in the Preferred Units balance
The change in Preferred Units outstanding was as follows:
Preferred Units Outstanding
Number of Preferred Units outstanding, December 31, 2024180,000 
Number of Preferred Units outstanding, March 31, 2025180,000 
Changes in the Preferred Units’ balance are as follows (in thousands):
Preferred Units
Balance as of December 31, 2024$168,809 
Cash distributions on Preferred Units(4,388)
Net income allocated to Preferred Units4,388 
Balance as of March 31, 2025$168,809