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Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Net revenues:        
Affiliates (1) [1] $ 61,918 $ 53,080 $ 124,883 $ 114,724
Third party 93,424 113,200 182,942 219,477
Total revenue 155,342 166,280 307,825 334,201
Cost of sales:        
Cost of materials and other 93,854 106,016 190,119 225,048
Operating expenses (excluding depreciation and amortization presented below) 16,521 14,114 31,828 26,012
Depreciation and amortization 6,188 6,571 12,312 12,035
Cost of Revenue 116,563 126,701 234,259 263,095
Operating expenses (excluding depreciation and amortization presented below) 806 803 1,557 1,482
General and administrative expenses 5,293 3,747 9,766 6,722
Depreciation and amortization 451 448 901 984
Gain on asset disposals (27) (129) (25) (69)
Total operating costs and expenses 123,086 131,570 246,458 272,214
Operating income 32,256 34,710 61,367 61,987
Interest expense, net 11,354 10,926 22,655 18,988
Income from equity method investments (4,515) (1,899) (6,466) (2,757)
Other expense, net 461 0 461 0
Total non-operating expenses, net 7,300 9,027 16,650 16,231
Income before income tax expense 24,956 25,683 44,717 45,756
Income tax expense 71 101 136 179
Net income attributable to partners 24,885 25,582 44,581 45,577
Comprehensive income attributable to partners 24,885 25,582 44,581 45,577
Less: General partner's interest in net income, including incentive distribution rights 8,079 6,212 15,348 11,842
Limited partners' interest in net income $ 16,806 $ 19,370 $ 29,233 $ 33,735
Weighted average limited partner units outstanding:        
Cash distributions per limited partner unit (in dollars per share) $ 0.850 $ 0.770 $ 1.670 $ 1.520
Common Units        
Net income per limited partner unit:        
Common units - (basic) (in dollars per share) 0.69 0.79 1.20 1.38
Common units - (diluted) (in dollars per share) $ 0.69 $ 0.79 $ 1.20 $ 1.38
Weighted average limited partner units outstanding:        
Common units - (basic) (in shares) 24,409,359 24,386,031 24,408,270 24,384,341
Common units - (diluted) (in shares) 24,414,343 24,394,103 24,414,077 24,391,760
[1]
See Note 3 for a description of our material affiliate revenue transactions.