v3.25.1
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net income $ 20,512 $ 23,573
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 70,393 63,251
Amortization of debt issuance costs 2,241 1,995
Unit-based compensation expense 3,384 7,769
Deferred income tax expense 85 60
Loss on disposition of assets 1,325 1,254
Loss on extinguishment of debt 0 4,966
Change in fair value of derivative instrument 0 (6,349)
Impairment of assets 3,645 0
Changes in assets and liabilities:    
Accounts receivable and related-party receivables, net (8,253) (6,257)
Inventories (12,240) (30,979)
Prepaid expenses and other current assets 410 8
Other assets (2,377) 1,100
Accounts payable 4,113 94
Accrued liabilities and deferred revenue (28,177) 3,792
Other liabilities (410) 1,640
Net cash provided by operating activities 54,651 65,917
Cash flows from investing activities:    
Capital expenditures, net (18,368) (98,613)
Proceeds from disposition of property and equipment 259 40
Proceeds from insurance recovery 68 0
Net cash used in investing activities (18,041) (98,573)
Cash flows from financing activities:    
Proceeds from revolving credit facility 274,476 325,062
Proceeds from issuance of senior notes 0 1,000,000
Repayments of revolving credit facility (242,002) (460,770)
Investments in government securities in connection with legal defeasance of the Senior Notes 2026 0 (748,764)
Cash paid related to net settlement of unit-based awards (2,227) 0
Deferred financing costs (5) (16,863)
Other (90) (156)
Net cash provided by (used in) financing activities (36,622) 32,653
Decrease in cash and cash equivalents (12) (3)
Cash and cash equivalents, beginning of period 14 11
Cash and cash equivalents, end of period 2 8
Supplemental cash flow information:    
Cash paid for interest, net of capitalized amounts 75,136 44,739
Supplemental non-cash transactions:    
Non-cash distributions to certain common unitholders (DRIP) 62 440
Transfers from inventories to property and equipment, net 11,214 16,010
Changes in capital expenditures included in accounts payable and accrued liabilities 2,724 (4,740)
Changes in financing costs included in accounts payable and accrued liabilities 271 1,486
Exercise and conversion of Preferred Units into common units 0 38,108
Government securities transferred in connection with the legal defeasance of the Senior Notes 2026 0 748,764
Legal defeasance of Senior Notes 2026 0 725,000
Common units    
Cash flows from financing activities:    
Cash distributions (62,386) (54,644)
Preferred Units    
Cash flows from financing activities:    
Cash distributions $ (4,388) $ (11,212)