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Partners' Capital (Tables)
12 Months Ended
Dec. 31, 2018
Schedule of Incentive Distributions

 

Total Quarterly

Marginal Percentage
Interest
in Distributions

 

 

Distribution Target Amount per
Unit

 

Unitholders

 

General
Partner

 

Minimum Quarterly Distribution

$1.6275

98% 

2% 

First Target Distribution

up to $1.6975

98% 

2% 

Second Target Distribution

above $1.6975 up to $1.8725

85% 

15% 

Third Target Distribution

above $1.8725 up to $2.0475

75% 

25% 

Thereafter

above $2.0475

65% 

35% 

 

Partnership Units

 

As of December 31,
2018

As of December 31,
2017

Common units

18,178,100 

18,178,100 

General partner units

348,570 

348,570 

Preferred units

12,983,333 

12,983,333 

 

 

 

Total partnership units

31,510,003 

31,510,003