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Partners' Capital
6 Months Ended
Jun. 30, 2018
Partners' Capital [Abstract]  
Partners' Capital

8. Partners’ Capital

As of June 30, 2018 and December 31, 2017 the Partnership’s partners’ capital was comprised of the following units:

 

 

 

 

 

 

 

 

 

 

 

  

As of June 30,
2018

 

  

As of December 31,
2017

 

Common units

  

 

127,246,692

  

  

 

127,246,692

  

General partner units

  

 

2,439,989

  

  

 

2,439,989

  

Preferred units

  

 

12,983,333

  

  

 

12,983,333

  

Total partnership units

  

 

142,670,014

  

  

 

142,670,014

  

During the six-month period ended June 30, 2017, the Partnership issued 1,536,403 new common units under its At-The-Market offering (the “ATM offering”) and equity distribution agreement the Partnership had entered into with UBS Securities LLC in September 2016. This issuance resulted in net proceeds of $5,120 after the payment of commission to the sales agent but before offering expenses. During the six-month period ended June 30, 2018 the Partnership did not issue any new common units under its ATM offering.

Details of the Partnership’s Partner’s Capital are discussed in Note 12 of the Partnership’s Consolidated Financial Statements for the year ended December 31, 2017.

 

During the six-month periods ended June 30, 2018 and 2017, the Partnership declared and paid the following distributions to its common and preferred unit holders:

 

 

 

April 18, 2018

January 17, 2018

April 20,       2017

January 18, 2017

Common unit-holders

 

 

 

 

 

Distributions per common unit declared

 

0.08

0.08

0.08

0.08

Common units entitled to distribution

 

127,246,692

127,246,692

123,631,036

122,343,706

General partner and IDR distributions

 

$195

$195

$195

$195

Preferred unit-holders

 

 

 

 

 

Distributions per preferred unit declared

 

0.21375

0.21375

0.21375

0.21375

Preferred units entitled to distribution

 

12,983,333

12,983,333

12,983,333

12,983,333