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Partners' Capital (Tables)
12 Months Ended
Dec. 31, 2017
Schedule of Incentive Distributions

 

 

 

 

 

 

 

 

 

 

 

 

  

Total Quarterly

  

Marginal Percentage
Interest
in Distributions

 

 

  

Distribution Target Amount per
Unit

  

Unitholders

 

 

General
Partner

 

Minimum Quarterly Distribution

  

$0.2325

  

 

98

% 

 

 

2

% 

First Target Distribution

  

up to $0.2425

  

 

98

% 

 

 

2

% 

Second Target Distribution

  

above $0.2425 up to $0.2675

  

 

85

% 

 

 

15

% 

Third Target Distribution

  

above $0.2675 up to $0.2925

  

 

75

% 

 

 

25

% 

Thereafter

  

above $0.2925

  

 

65

% 

 

 

35

% 

 

Partnership Units

 

 

 

 

 

 

 

 

 

 

  

As of December 31,
2017

 

  

As of December 31,

2016

 

Common units

  

 

127,246,692

  

  

 

122,094,633

  

General partner units

  

 

2,439,989

  

  

 

2,439,989

  

Preferred units

  

 

12,983,333

  

  

 

12,983,333

  

 

  

 

 

 

  

 

 

 

Total partnership units

  

 

142,670,014

  

  

 

137,517,955