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Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Net revenues:    
Affiliates (1) [1] $ 96,194 $ 106,699
Third party 56,719 56,702
Revenue from Contract with Customer, Excluding Assessed Tax, Total 152,913 163,401
Cost of sales:    
Cost of materials and other 81,171 101,293
Operating expenses (excluding depreciation and amortization presented below) 13,495 13,954
Depreciation and amortization 10,247 5,803
Total cost of sales 104,913 121,050
Operating expenses (excluding depreciation and amortization presented below) 561 790
General and administrative expenses 4,860 6,130
Depreciation and amortization 492 496
Other operating income, net (83) (107)
Total operating costs and expenses 110,743 128,359
Operating income 42,170 35,042
Interest expense, net 9,737 11,824
Income from equity method investments (4,049) (5,553)
Other expense, net 31 0
Total non-operating expenses, net 5,719 6,271
Income before income tax expense 36,451 28,771
Income tax expense 184 975
Net income attributable to partners 36,267 27,796
Comprehensive income attributable to partners 36,267 27,796
Less: General partner's interest in net income, including incentive distribution rights [2] 0 9,077
Limited partners' interest in net income $ 36,267 $ 18,719
Weighted average limited partner units outstanding:    
Cash distributions per limited partner unit (in dollars per share) $ 0.920 $ 0.890
Common Units    
Net income per limited partner unit:    
Common units - (basic) (in dollars per share) 0.83 0.76
Common units - (diluted) (in dollars per share) $ 0.83 $ 0.76
Weighted average limited partner units outstanding:    
Common units - (basic) (in shares) 43,443,336 24,480,570
Common units - (diluted) (in shares) 43,449,059 24,485,336
[1] See Note 3 for a description of our material affiliate revenue transactions.
[2] See Note 3 for a description of the IDR Restructuring Transaction.