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Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Net revenues      
Revenues $ 1,020,409 $ 1,036,407 $ 700,902
Cost of sales:      
Operating expenses (excluding depreciation and amortization presented below) 115,682 85,438 59,483
Depreciation and amortization 87,136 60,210 40,945
Total cost of sales 735,445 787,011 484,837
Operating expenses related to wholesale business (excluding depreciation and amortization presented below) 2,419 2,869 2,337
General and administrative expenses 24,766 34,181 21,460
Depreciation and amortization 5,248 2,778 1,825
Impairment of goodwill 14,848 0 0
Gain on disposal of assets (1,266) (114) (59)
Total operating costs and expenses 781,460 826,725 510,400
Operating income 238,949 209,682 190,502
Interest expense, net 143,244 82,304 50,221
Income from equity method investments (31,433) (31,683) (24,575)
Other income, net (303) (373) (119)
Total non-operating expenses, net 111,508 50,248 25,527
Income before income tax expense 127,441 159,434 164,975
Income tax expense 1,205 382 153
Net income attributable to partners 126,236 159,052 164,822
Comprehensive income attributable to partners $ 126,236 $ 159,052 $ 164,822
Net income per limited partner unit:      
Basic (in dollars per unit) $ 2.90 $ 3.66 $ 3.79
Diluted (in dollars per unit) $ 2.89 $ 3.66 $ 3.79
Weighted average limited partner units outstanding:      
Basic (in units) 43,583,938 43,487,910 43,447,739
Diluted (in units) 43,611,314 43,511,650 43,460,470
Cash distributions per limited partner unit (in dollars per unit) $ 4.160 $ 3.975 $ 3.785
Affiliated Entity      
Net revenues      
Revenues [1] $ 563,803 $ 479,411 $ 418,826
Cost of sales:      
Cost of materials and other [1] 396,333 496,184 321,939
Third Party      
Net revenues      
Revenues 456,606 556,996 282,076
Cost of sales:      
Cost of materials and other $ 136,294 $ 145,179 $ 62,470
[1] See Note 4 for a description of our material affiliate revenue and purchases transactions.