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Net Income per Unit | 12 Months Ended
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Dec. 31, 2025
Earnings Per Share [Abstract] |
Net Income per Unit | Net Income per Unit Our distributions earned with respect to a given period are declared subsequent to quarter end. Accordingly, the table below represents total cash distributions applicable to the period in which the distributions are earned. The calculation of net income per unit is as follows (in thousands, except unit and per unit amounts):
|  |  | Year Ended December 31,
|  |  |  |  | 2025 |  | 2024 |  | 2023
Net income |  |  |  |  | $ | 176,460 |  |  | $ | 142,685 |  |  | $ | 126,236 |
Less: Limited partners' distribution on common units |  |  |  |  | 238,132 |  |  | 204,407 |  |  | 179,774 |
Distributions on preferred units |  |  |  |  | — |  |  | 768 |  |  | — |
Undistributed net loss |  |  |  |  | $ | (61,672) |  |  | $ | (62,490) |  |  | $ | (53,538) |
Limited partners' earnings on common units: |  |  |  |  |  |  |  |  |
Distributions |  |  |  |  | $ | 238,132 |  |  | $ | 204,407 |  |  | $ | 179,774 |
Allocation of undistributed net loss |  |  |  |  | (61,672) |  |  | (62,490) |  |  | (53,538) |
Total limited partners' earnings on common units |  |  |  |  | $ | 176,460 |  |  | $ | 141,917 |  |  | $ | 126,236 |
Weighted average limited partner units outstanding, basic |  |  |  |  | 53,501,020 |  |  | 47,452,138 |  |  | 43,583,938 |
Dilutive effect of unvested phantom units |  |  |  |  | 51,186 |  |  | 27,110 |  |  | 27,376 |
Weighted average limited partner units outstanding, diluted |  |  |  |  | 53,552,206 |  |  | 47,479,248 |  |  | 43,611,314 |
Net income per limited partner unit: |  |  |  |  |  |  |  |  |
Basic |  |  |  |  | $ | 3.30 |  |  | $ | 2.99 |  |  | $ | 2.90 |
Diluted (1) |  |  |  |  | $ | 3.30 |  |  | $ | 2.99 |  |  | $ | 2.89 |
1) There were 5,114, 18,945 and 41,790 anti-dilutive common unit equivalents excluded from the diluted earnings per unit calculation during the years ended December 31, 2025, 2024 and 2023, respectively.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
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