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Condensed Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Net revenues    
Revenues $ 252,075 $ 243,525
Cost of sales:    
Operating expenses (excluding depreciation and amortization presented below) 31,695 24,215
Depreciation and amortization 25,167 19,764
Total cost of sales 180,554 170,075
Operating expenses related to wholesale business (excluding depreciation and amortization presented below) 221 525
General and administrative expenses 4,863 7,510
Depreciation and amortization 1,328 1,341
Loss on disposal of assets 567 142
Total operating costs and expenses 187,533 179,593
Operating income 64,542 63,932
Interest expense, net 40,229 32,581
Income from equity method investments (8,490) (6,316)
Other income, net (171) (2)
Total non-operating expenses, net 31,568 26,263
Income before income tax expense 32,974 37,669
Income tax expense 326 302
Net income attributable to partners 32,648 37,367
Comprehensive income attributable to partners $ 32,648 $ 37,367
Net income per limited partner unit:    
Basic (in dollars per unit) $ 0.74 $ 0.86
Diluted (in dollars per unit) $ 0.73 $ 0.86
Weighted average limited partner units outstanding:    
Basic (in units) 44,406,356 43,569,963
Diluted (in units) 44,422,817 43,585,297
Cash distributions per limited partner unit (in dollars per unit) $ 1.070 $ 1.025
Affiliated Entity    
Net revenues    
Revenues [1] $ 139,625 $ 124,999
Cost of sales:    
Cost of materials and other [1] 92,882 91,071
Third Party    
Net revenues    
Revenues 112,450 118,526
Cost of sales:    
Cost of materials and other $ 30,810 $ 35,025
[1] See Note 2 for a description of our material affiliate revenue and purchases transactions.