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Equity Method Investments (Tables)

3 Months Ended

Mar. 31, 2023

Equity Method Investments and Joint Ventures [Abstract]

Summarized financial information for Red River on a 100% basis is shown below (in thousands):


	As of March 31, 2023		As of December 31, 2022
Current Assets	$	28,249	$	33,365
Non-current Assets	$	392,238	$	394,267
Current liabilities	$	4,932	$	5,144


	Three Months Ended March 31,
		2023		2022
Revenues		$	18,952	$	22,686
Gross profit		$	11,487	$	15,601
Operating income		$	11,294	$	15,419
Net income		$	11,473	$	15,396

Combined summarized financial information for these two equity method investees on a 100% basis is shown below (in thousands):


	As of March 31, 2023		As of December 31, 2022
Current assets	$	18,049	$	18,888
Non-current assets	$	228,008	$	231,898
Current liabilities	$	1,740	$	1,973


	Three Months Ended March 31,
		2023		2022
Revenues		$	12,146	$	8,895
Gross profit		$	7,820	$	4,238
Operating income		$	6,646	$	3,568
Net Income		$	6,746	$	3,569

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 March 31, 2023		As of December 31, 2022
Red River	$	141,557	$	149,635
CP LLC	60,332		64,056
Andeavor Logistics	41,384		43,331
Total Equity Method Investments	$	243,273	$	257,022