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Equity Method Investments (Tables) | 9 Months Ended
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Sep. 30, 2022
Equity Method Investments and Joint Ventures [Abstract] |
Summary of Financial Information for Equity Method Investees | Summarized unaudited financial information for Red River on a 100% basis is shown below (in thousands):
| September 30, 2022 |  | December 31, 2021
Current Assets | $ | 36,029 |  |  | $ | 28,735 |
Non-current Assets | $ | 396,618 |  |  | $ | 403,692 |
Current liabilities | $ | 10,169 |  |  | $ | 10,040 |
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Revenues | $ | 25,340 |  |  | $ | 19,349 |  |  | $ | 69,475 |  |  | $ | 46,136 |
Gross profit | $ | 17,210 |  |  | $ | 12,027 |  |  | $ | 46,476 |  |  | $ | 26,367 |
Operating income | $ | 15,469 |  |  | $ | 11,871 |  |  | $ | 44,381 |  |  | $ | 25,866 |
Net income | $ | 15,509 |  |  | $ | 11,853 |  |  | $ | 44,386 |  |  | $ | 25,843 |
Combined summarized unaudited financial information for these two equity method investees on a 100% basis is shown below (in thousands):
| September 30, 2022 |  | December 31, 2021
Current assets | $ | 19,561 |  |  | $ | 15,010 |
Non-current assets | $ | 234,715 |  |  | $ | 242,599 |
Current liabilities | $ | 3,688 |  |  | $ | 1,492 |
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Revenues | $ | 11,949 |  |  | $ | 12,090 |  |  | $ | 32,402 |  |  | $ | 35,316 |
Gross profit | $ | 7,014 |  |  | $ | 6,757 |  |  | $ | 18,472 |  |  | $ | 20,462 |
Operating income | $ | 6,284 |  |  | $ | 6,300 |  |  | $ | 16,474 |  |  | $ | 19,022 |
Net Income | $ | 6,306 |  |  | $ | 6,300 |  |  | $ | 16,501 |  |  | $ | 19,023 |
The Partnership's investments in these three entities were financed through a combination of cash from operations and borrowings under the DKL Credit Facility. The Partnership's investment balances in these joint ventures were as follows (in thousands):
| September 30, 2022 |  | December 31, 2021
Red River | $ | 143,729 |  |  | $ | 144,041 |
CP LLC | 61,461 |  |  | 61,670 |
Andeavor Logistics | 42,815 |  |  | 44,319 |
Total Equity Method Investments | 248,005 |  |  | 250,030 |

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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571 + Details
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