XML 33 R4.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Net revenues    
Net revenues $ 249,930 $ 252,075
Cost of sales:    
Cost of materials and other 129,052 123,693
Operating expenses (excluding depreciation and amortization presented below) 40,630 31,695
Depreciation and amortization 26,498 25,167
Total cost of sales 196,180 180,554
Operating expenses related to wholesale business (excluding depreciation and amortization presented below) 355 221
General and administrative expenses 8,864 4,863
Depreciation and amortization 1,218 1,328
Other operating (income) expense, net (4,286) 567
Total operating costs and expenses 202,331 187,533
Operating income 47,599 64,542
Interest income (22,547) 0
Interest expense 41,101 40,229
Income from equity method investments (10,150) (8,490)
Other income, net (21) (171)
Total non-operating expenses, net 8,383 31,568
Income before income tax expense 39,216 32,974
Income tax expense 182 326
Net income 39,034 32,648
Comprehensive income $ 39,034 $ 32,648
Net income per limited partner unit:    
Basic (in dollars per unit) $ 0.73 $ 0.74
Diluted (in dollars per unit) $ 0.73 $ 0.73
Weighted average common units outstanding:    
Basic (in units) 53,604,659 44,406,356
Diluted (in units) 53,633,836 44,422,817
Affiliated Entity    
Net revenues    
Net revenues [1] $ 126,321 $ 139,625
Cost of sales:    
Cost of materials and other [1] 89,966 92,882
Nonrelated Party    
Net revenues    
Net revenues 123,609 112,450
Cost of sales:    
Cost of materials and other $ 39,086 $ 30,810
[1] See Note 3 for a description of our material affiliate revenue and purchases transactions.