| Related Party Transactions |
(13) Related Party Transactions
Activity associated with the Partnership’s related party arrangements for the three and nine months ended September 30, 2019 and 2018 is summarized below.
Sales to related parties | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
September 30, | | Nine Months Ended
September 30, | (in thousands) | Related Party | | 2019 | | 2018 | | 2019 | | 2018 | Net Sales | | | | | | | | | | Feedstock and Shared Services Agreement | CRRM (1) | | $ | 113 |
| | $ | — |
| | $ | 115 |
| | $ | 292 |
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Expenses from related parties | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
September 30, | | Nine Months Ended
September 30, | (in thousands) | Related Party | | 2019 | | 2018 | | 2019 | | 2018 | Cost of materials and other | | | | | | | | | | Coke Supply Agreement | CRRM (1) | | $ | 705 |
| | $ | 1,057 |
| | $ | 3,255 |
| | $ | 2,133 |
| Hydrogen Purchase and Sale Agreement | CRRM (1) | | 984 |
| | 1,072 |
| | 3,719 |
| | 3,157 |
| | | | | | | | | | | Direct operating expenses (exclusive of depreciation and amortization) | | | | | | | | | | Services Agreement | CVR Energy | | $ | 797 |
| | $ | 761 |
| | $ | 2,586 |
| | $ | 2,145 |
| Limited Partnership Agreement | CVR GP | | 219 |
| | 242 |
| | 595 |
| | 572 |
| | | | | | | | | | | Selling, general and administrative expenses | | | | | | | | | | Services Agreement | CVR Energy | | $ | 3,915 |
| | $ | 3,595 |
| | $ | 11,724 |
| | $ | 10,353 |
| Limited Partnership Agreement | CVR GP | | 651 |
| | 626 |
| | 2,191 |
| | 1,920 |
|
Amounts due to related parties | | | | | | | | | | | (in thousands) | Related Party | | September 30, 2019 | | December 31, 2018 | Prepaid expenses and other current assets | | | | | | Feedstock and Shared Services Agreement | CRRM (1) | | $ | 128 |
| | $ | — |
| | | | | | | Accounts payable to affiliates | | | | | | Feedstock and Shared Services Agreement | CRRM (1) | | $ | 681 |
| | $ | 1,106 |
| Hydrogen Purchase and Sale Agreement and other | CRRM (1) | | 348 |
| | 324 |
| Coke Supply Agreement | CRRM (1) | | 132 |
| | 138 |
| Services Agreement | CVR GP | | 970 |
| | 1,372 |
| | | | | | | Other current liabilities | | | | | | Limited Partnership Agreement | CVR GP | | $ | 1,697 |
| | $ | 1,179 |
| Services Agreement | CVR Energy | | 3,009 |
| | 2,352 |
| | | | | | | Other long-term liabilities | | | | | | Limited Partnership Agreement | CVR Energy | | $ | 530 |
| | $ | 503 |
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| | (1) | Coffeyville Resources Refining & Marketing, LLC, an indirect, wholly-owned subsidiary of CVR Energy |
Distributions to CVR Partners’ Unitholders
The following table presents distributions paid by the Partnership to CVR Partners’ unitholders, including amounts paid to CVR Energy, as of September 30, 2019. | | | | | | | | | | | | | | | | | | | | | | | | | | Dividends Paid (in thousands) | Related Period | | Date Paid | | Dividend Per Common Unit | | Unitholders | | CVR Energy | | Total | 2018 - 4th Quarter | | March 11, 2019 | | $ | 0.12 |
| | $ | 8,924 |
| | $ | 4,670 |
| | $ | 13,594 |
| 2019 - 1st Quarter | | May 13, 2019 | | 0.07 |
| | 5,205 |
| | 2,724 |
| | 7,929 |
| 2019 - 2nd Quarter | | August 12, 2019 | | 0.14 |
| | 10,411 |
| | 5,449 |
| | 15,860 |
| Total | | | | $ | 0.33 |
| | $ | 24,540 |
| | $ | 12,843 |
| | $ | 37,383 |
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For the third quarter of 2019, the Partnership, upon approval by the Board of Directors of CVR Partners’ general partner on October 22, 2019, declared a distribution of $0.07 per common unit, or $7.9 million, which is payable November 12, 2019 to unitholders of record as of November 4, 2019. Of this amount, CVR Energy will receive approximately $2.7 million, with the remaining amount payable to public unitholders.
Distributions, if any, including the payment, amount and timing thereof, are subject to change at the discretion of the Board of Directors of CVR Partners’ general partner.
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