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Partners' Equity and Cash Distributions (Tables)
12 Months Ended
Dec. 31, 2025
Schedule of quarterly cash distributions to the unitholders and the General Partner based on target levels

Marginal Percentage

 

Total Quarterly Distribution

Interest in Distributions

 

Target Amount

Unitholders

General Partner

 

First Target Distribution

  ​ ​ ​

up to $0.4625

  ​ ​ ​

99.33

%  

0.67

%  

Second Target Distribution

 

above $0.4625 up to $0.5375

 

86.33

%  

13.67

%  

Third Target Distribution

 

above $0.5375 up to $0.6625

 

76.33

%  

23.67

%  

Thereafter

 

above $0.6625

 

51.33

%  

48.67

%  

Common Limited Partners  
Schedule of cash distributions made by the Partnership

The Partnership paid the following cash distributions to common unitholders during 2025, 2024 and 2023 (in thousands, except per unit data):

For the

  ​ ​ ​

Per Unit

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

 

Cash Distribution

Quarter

Cash

Common

General

Incentive

Total Cash

 

Payment Date

  ​ ​ ​

Ended

Distribution

Units

Partner

Distribution

Distribution

 

2023

2/14/2023 (1)

12/31/22

$

1.5725

$

53,458

$

569

$

1,383

$

55,410

5/15/2023 (2)

03/31/23

 

0.6550

 

22,267

 

162

 

1,587

 

24,016

8/14/2023 (3)

06/30/23

 

0.6750

 

22,947

 

169

 

2,062

 

25,178

11/14/2023 (3)

09/30/23

 

0.6850

 

23,287

 

174

 

2,380

 

25,841

2024

2/14/2024 (3)

12/31/23

$

0.7000

$

23,797

$

180

$

2,857

$

26,834

5/15/2024 (3)

03/31/24

 

0.7100

 

24,137

 

185

 

3,174

 

27,496

8/14/2024 (3)

06/30/24

 

0.7200

 

24,477

 

189

 

3,493

 

28,159

11/14/2024 (3)

09/30/24

 

0.7300

 

24,817

 

194

 

3,810

 

28,821

2025

2/14/2025 (3)

12/31/24

$

0.7400

$

25,157

$

198

$

4,128

$

29,483

5/15/2025 (3)

03/31/25

 

0.7450

 

25,327

 

201

 

4,287

 

29,815

8/14/2025 (3)

06/30/25

 

0.7500

 

25,497

 

203

 

4,446

 

30,146

11/14/2025 (3)

09/30/25

 

0.7550

 

25,667

 

205

 

4,605

 

30,477

(1)This distribution consists of a quarterly distribution of $0.6350 per unit and a one-time special distribution of $0.9375 per unit. The quarterly distribution of $0.6350 per unit resulted in the Partnership reaching its third target level distribution for this quarter. As a result, the General Partner, as the holder of the IDRs, received an incentive distribution with respect to the $0.6350 per unit distribution. The General Partner agreed to waive its incentive distribution rights with respect to the special distribution.
(2)This distribution resulted in the Partnership reaching its third target level distribution for the respective quarter. As a result, the General Partner, as the holder of the IDRs, received an incentive distribution.
(3)This distribution resulted in the Partnership exceeding its third target level distribution for the respective quarter. As a result, the General Partner, as the holder of the IDRs, received an incentive distribution.
Series A Preferred Limited Partners  
Schedule of cash distributions made by the Partnership

The Partnership paid the following cash distributions on the Series A Preferred Units during 2024 and 2023 (in thousands, except per unit data):

For the

Per Unit

Cash Distribution

Quarterly Period

Cash

Total Cash

 

Payment Date

  ​ ​ ​

Covering

Distribution

  ​ ​ ​

Distribution

Rate

 

2023

2/15/2023

11/15/22 - 2/14/23

$

0.609375

$

1,682

9.75%

5/15/2023

2/15/23 - 5/14/23

0.609375

1,682

9.75%

8/15/2023

5/15/23 - 8/14/23

0.609375

1,682

9.75%

11/15/2023

8/15/23 - 11/14/23

0.77501

2,139

12.40%

2024

2/15/2024

11/15/23 - 2/14/24

$

0.77596

$

2,142

10.42%

Series B Preferred Limited Partners  
Schedule of cash distributions made by the Partnership

The Partnership paid the following additional cash distributions on the Series B Preferred Units during 2025, 2024 and 2023 (in thousands, except per unit data):

For the

  ​ ​ ​

Per Unit

  ​ ​ ​

 

Cash Distribution

Quarterly Period

Cash

Total Cash

 

Payment Date

  ​ ​ ​

Covering

  ​ ​ ​

Distribution

  ​ ​ ​

Distribution

 

2023

2/15/2023

11/15/22 - 2/14/23

$

0.59375

$

1,781

5/15/2023

2/15/23 - 5/14/23

0.59375

1,781

8/15/2023

5/15/23 - 8/14/23

0.59375

1,781

11/15/2023

8/15/23 - 11/14/23

0.59375

1,781

2024

2/15/2024

11/15/23 - 2/14/24

$

0.59375

$

1,781

5/15/2024

2/15/24 - 5/14/24

0.59375

1,781

8/15/2024

5/15/24 - 8/14/24

0.59375

1,781

11/15/2024

8/15/24 - 11/14/24

0.59375

1,781

2025

2/18/2025

11/15/24 - 2/14/25

$

0.59375

$

1,781

5/15/2025

2/15/25 - 5/14/25

0.59375

1,781

8/15/2025

5/15/25 - 8/14/25

0.59375

1,781

11/17/2025

8/15/25 - 11/14/25

0.59375

1,781