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Equity Method Investments
 12 Months Ended
Dec. 31, 2023
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 capacity of 235,000 bpd. During the years ended December 31, 2023 and 2022, we made no additional capital contributions. During the year ended December 31, 2021, we made capital contributions of $1.4 million based on capital calls received.
We have two additional pipeline joint ventures, in which 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") to operate the other pipeline system.
Combined summarized financial information on a 100% basis is shown below (in thousands):
As of December 31, 2023As of December 31, 2022
Current Assets$55,948 $52,253 
Non-current Assets$607,002 $626,165 
Current liabilities$8,994 $7,117 
Non-current liabilities$63 $— 
Years Ended December 31,
202320222021
Revenues$139,699 $140,634 $114,392 
Gross profit$89,132 $88,575 $67,809 
Operating income$84,349 $85,096 $65,023 
Net income$85,636 $85,311 $64,979 
The Partnership's investment balances in these joint ventures were as follows (in thousands):
As of December 31, 2023As of December 31, 2022
Red River$141,091 $149,635 
CP LLC61,273 64,056 
Andeavor Logistics38,973 43,331 
Total Equity Method Investments$241,337 $257,022