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Equity Method Investments (Tables)
9 Months Ended
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, 2022December 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,
2022202120222021
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, 2022December 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,
2022202120222021
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, 2022December 31, 2021
Red River$143,729 $144,041 
CP LLC61,461 61,670 
Andeavor Logistics42,815 44,319 
Total Equity Method Investments248,005 250,030