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Equity Method Investments (Tables)
6 Months Ended
Jun. 30, 2023
Equity Method Investments and Joint Ventures [Abstract]  
Equity Method Investments Summarized financial information for Red River on a 100% basis is shown below (in thousands):
As of June 30, 2023As of December 31, 2022
Current Assets$29,766 $33,365 
Non-current Assets$390,251 $394,267 
Current liabilities$6,069 $5,144 
Three Months Ended June 30,Six Months Ended June 30,
2023202220232022
Revenues$18,429 $21,449 $37,381 $44,135 
Gross profit$11,210 $13,665 $22,697 $29,266 
Operating income$12,054 $13,493 $23,348 $28,912 
Net income$12,220 $13,481 $23,693 $28,877 
Combined summarized financial information for these two equity method investees on a 100% basis is shown below (in thousands):
As of June 30, 2023As of December 31, 2022
Current assets$21,449 $18,888 
Non-current assets$226,320 $231,898 
Current liabilities$2,370 $1,973 

Three Months Ended June 30,Six Months Ended June 30,
2023202220232022
Revenues$13,025 $11,558 $25,171 $20,453 
Gross profit$8,375 $7,220 $16,195 $11,458 
Operating income$7,278 $6,622 $13,924 $10,190 
Net Income$7,405 $6,626 $14,151 $10,195 
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 June 30, 2023As of December 31, 2022
Red River$140,940 $149,635 
CP LLC60,241 64,056 
Andeavor Logistics41,566 43,331 
Total Equity Method Investments$242,747 $257,022