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Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Net revenues      
Net revenues $ 940,636 $ 1,020,409 $ 1,036,407
Cost of sales:      
Cost of materials and other 483,735 532,627 641,363
Operating expenses (excluding depreciation and amortization presented below) 122,020 115,682 85,438
Depreciation and amortization 91,135 87,136 60,210
Total cost of sales 696,890 735,445 787,011
Operating expenses related to wholesale business (excluding depreciation and amortization presented below) 714 2,419 2,869
General and administrative expenses 35,944 24,766 34,181
Depreciation and amortization 5,240 5,248 2,778
Impairment of goodwill 0 14,848 0
Other operating income, net (978) (1,266) (114)
Total operating costs and expenses 737,810 781,460 826,725
Operating income 202,826 238,949 209,682
Interest income (47,792) 0 0
Interest expense 150,960 143,244 82,304
Income from equity method investments (43,301) (31,433) (31,683)
Other income, net (205) (303) (373)
Total non-operating expenses, net 59,662 111,508 50,248
Income before income tax expense 143,164 127,441 159,434
Income tax expense 479 1,205 382
Net income 142,685 126,236 159,052
Comprehensive income 142,685 126,236 159,052
Less: Preferred unitholder's interest in net income 768 0 0
Net income attributable to limited partners $ 141,917 $ 126,236 $ 159,052
Net income per limited partner unit:      
Basic (in dollars per unit) $ 2.99 $ 2.90 $ 3.66
Diluted (in dollars per unit) $ 2.99 $ 2.89 $ 3.66
Weighted average limited partner units outstanding:      
Basic (in units) 47,452,138 43,583,938 43,487,910
Diluted (in units) 47,479,248 43,611,314 43,511,650
Affiliated Entity      
Net revenues      
Net revenues [1] $ 517,782 $ 563,803 $ 479,411
Cost of sales:      
Cost of materials and other [1] 349,321 396,333 496,184
Nonrelated Party      
Net revenues      
Net revenues 422,854 456,606 556,996
Cost of sales:      
Cost of materials and other $ 134,414 $ 136,294 $ 145,179
[1] See Note 4 for a description of our material affiliate revenue and purchases transactions.