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Equity Method Investments
 12 Months Ended
Dec. 31, 2022
Equity Method Investments and Joint Ventures [Abstract]  
Equity Method Investments Equity Method Investments
The Partnership owns a 33% membership interest in Red River Pipeline Company LLC ("Red River"), a joint venture operated with Plains Pipeline, L.P. Red River owns a 16-inch crude oil pipeline running from Cushing, Oklahoma to Longview, Texas with prior capacity of 150,000 bpd and increased capacity of 235,000 bpd after completion of an expansion project in October 2020 . During the years ended December 31, 2021 and 2020, we made capital contributions to Red River of $1.4 million and $12.2 million, respectively. We made no capital contributions during the year ended December 31, 2022
Summarized financial information for Red River on a 100% basis is shown below (in thousands):
As of December 31, 2022As of December 31, 2021
Current Assets$33,365 $28,735 
Non-current Assets$394,267 $403,692 
Current liabilities$5,144 $10,040 
Years Ended December 31,
202220212020
Revenues$95,525 $68,057 $51,001 
Gross profit$62,726 $41,121 $31,103 
Operating income$61,975 $40,436 $30,382 
Net income$62,113 $40,390 $30,404 
We have two additional joint ventures that have constructed separate crude oil pipeline systems and related ancillary assets, which are serving third parties and subsidiaries of Delek Holdings. We own a 50% membership interest in the entity formed with an affiliate of Plains All American Pipeline, L.P. ("CP LLC") to operate one of these pipeline systems and a 33% membership interest in the entity formed with Andeavor Logistics Rio Pipeline LLC ("Andeavor Logistics"), formerly known as Rangeland Energy II, LLC ("Rangeland Energy") to operate the other pipeline system.
Combined summarized financial information for these two equity method investees on a 100% basis is shown below (in thousands):
As of December 31, 2022As of December 31, 2021
Current assets$18,888 $15,010 
Non-current assets$231,898 $242,599 
Current liabilities$1,973 $1,492 

Years Ended December 31,
202220212020
Revenues$45,109 $46,335 $55,482 
Gross profit$25,849 $26,688 $36,904 
Operating income$23,121 $24,587 $34,951 
Net Income$23,198 $24,589 $34,977 
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):
As of December 31, 2022As of December 31, 2021
Red River$149,635 $144,041 
CP LLC64,056 61,670 
Andeavor Logistics43,331 44,319 
Total Equity Method Investments$257,022 $250,030 
We do not consolidate any part of the assets or liabilities or operating results of our equity method investees. Our share of net income or loss of the investees will increase or decrease, as applicable, the carrying value of our investments in unconsolidated affiliates. With respect to our equity method investments, we determined that these entities do not represent variable interest entities and consolidation is not required. We have the ability to exercise significant influence over each of these joint ventures through our participation in the management committees, which make all significant decisions. However, since all significant decisions require the consent of the other investor(s) without regard to economic interest, we have determined that we have joint control and have applied the equity method of accounting. Our investment in these joint ventures is reflected in our investments in pipeline joint ventures segment.