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Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Net revenues:        
Affiliates (1) [1] $ 127,150 $ 123,519 $ 375,270 $ 308,435
Third party 166,875 66,108 392,086 202,583
Net Revenues 294,025 189,627 767,356 511,018
Cost of sales:        
Cost of materials and other 177,740 105,129 480,295 274,995
Operating expenses (excluding depreciation and amortization presented below) 25,065 17,073 62,892 46,286
Depreciation and amortization 19,067 9,666 41,876 29,393
Total cost of sales 221,872 131,868 585,063 350,674
Operating expenses (excluding depreciation and amortization presented below) 836 515 2,105 1,741
General and administrative expenses 11,959 5,898 30,826 15,933
Depreciation and amortization 473 490 1,421 1,469
Other operating (income) expense, net (132) 273 (120) 54
Total operating costs and expenses 235,008 139,044 619,295 369,871
Operating income 59,017 50,583 148,061 141,147
Interest expense, net 22,559 14,529 53,621 35,924
Income from equity method investments (8,567) (7,261) (22,666) (17,952)
Other income, net (36) (115) (39) (118)
Total non-operating expenses, net 13,956 7,153 30,916 17,854
Income before income tax expense (benefit) 45,061 43,430 117,145 123,293
Income tax expense (benefit) 387 (194) 793 156
Net income attributable to partners 44,674 43,624 116,352 123,137
Comprehensive income attributable to partners $ 44,674 $ 43,624 $ 116,352 $ 123,137
Weighted average limited partner units outstanding:        
Cash distributions per limited partner unit (in dollars per share) $ 0.990 $ 0.950 $ 2.955 $ 3.800
Common Units        
Net income per limited partner unit:        
Common units - (basic) (in dollars per share) 1.03 1.00 2.68 2.83
Common units - (diluted) (in dollars per share) $ 1.03 $ 1.00 $ 2.67 $ 2.83
Weighted average limited partner units outstanding:        
Common units - (basic) (in shares) 43,485,779 43,454,535 43,477,801 43,447,739
Common units - (diluted) (in shares) 43,515,960 43,468,289 43,499,837 43,457,857
[1] See Note 3 for a description of our material affiliate revenue transactions.