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Condensed Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Net revenues    
Affiliate [1] $ 124,999 $ 123,754
Third Party 118,526 82,827
Net revenues 243,525 206,581
Cost of sales:    
Operating expenses (excluding depreciation and amortization presented below) 24,215 17,543
Depreciation and amortization 19,764 9,861
Total cost of sales 170,075 153,598
Operating expenses related to wholesale business (excluding depreciation and amortization presented below) 525 564
General and administrative expenses 7,510 5,095
Depreciation and amortization 1,341 474
Loss on disposal of assets 142 12
Total operating costs and expenses 179,593 159,743
Operating income 63,932 46,838
Interest expense, net 32,581 14,250
Income from equity method investments (6,316) (7,026)
Other income, net (2) (1)
Total non-operating expenses, net 26,263 7,223
Income before income tax expense 37,669 39,615
Income tax expense 302 101
Net income attributable to partners 37,367 39,514
Comprehensive income attributable to partners $ 37,367 $ 39,514
Net income per limited partner unit:    
Basic (in dollars per unit) $ 0.86 $ 0.91
Diluted (in dollars per unit) $ 0.86 $ 0.91
Weighted average limited partner units outstanding:    
Basic (in units) 43,569,963 43,471,536
Diluted (in units) 43,585,297 43,481,572
Cash distributions per limited partner unit (in dollars per unit) $ 1.025 $ 0.980
Affiliate    
Cost of sales:    
Cost of materials and other $ 91,071 $ 105,885
Third Party    
Cost of sales:    
Cost of materials and other $ 35,025 $ 20,309
[1] See Note 3 for a description of our material affiliate revenue and purchases transactions.