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Consolidated Statements of Equity and Comprehensive Income - USD ($)
$ in Thousands
Total
Common units-public [Member]
Accumulated Other Comprehensive Loss [Member]
Balance at Dec. 31, 2023 $ 3,007 $ (2,392) $ 5,399
Balance, Common Units at Dec. 31, 2023   37,983,154  
Net income (loss) (17,540) $ (17,540)  
Other comprehensive Income      
Unrealized gain (loss) on interest rate swap contracts 9,131   9,131
Realized gain on interest rate swap contracts reclassified from AOCI into interest expense (5,133)   (5,133)
Total other comprehensive income (loss) 3,998   3,998
Comprehensive income (loss) (13,542) (17,540) 3,998
Issuance of units related to Bonus Plan 381 $ 381  
Issuance of units related to Bonus Plan, Units   17,136  
Vesting of equity awards, net of units withheld for tax 598 $ 598  
Vesting of equity awards, net of units withheld for tax, Units   26,904  
Accretion of preferred membership interests (657) $ (657)  
Distributions paid (20,006) (20,006)  
Balance at Mar. 31, 2024 (30,219) $ (39,616) 9,397
Balance, Common Units at Mar. 31, 2024   38,027,194  
Balance at Dec. 31, 2023 3,007 $ (2,392) 5,399
Balance, Common Units at Dec. 31, 2023   37,983,154  
Net income (loss) (5,116)    
Other comprehensive Income      
Accretion of preferred membership interests (1,329)    
Balance at Jun. 30, 2024 (37,252) $ (47,893) 10,641
Balance, Common Units at Jun. 30, 2024   38,027,194  
Balance at Mar. 31, 2024 (30,219) $ (39,616) 9,397
Balance, Common Units at Mar. 31, 2024   38,027,194  
Net income (loss) 12,424 $ 12,424  
Other comprehensive Income      
Unrealized gain (loss) on interest rate swap contracts 3,185   3,185
Realized gain on interest rate swap contracts reclassified from AOCI into interest expense (1,941)   (1,941)
Total other comprehensive income (loss) 1,244   1,244
Comprehensive income (loss) 13,668 12,424 1,244
Accretion of preferred membership interests (672) (672)  
Distributions paid (20,029) 20,029  
Balance at Jun. 30, 2024 (37,252) $ (47,893) 10,641
Balance, Common Units at Jun. 30, 2024   38,027,194  
Balance at Dec. 31, 2024 (53,776) $ (61,371) 7,595
Balance, Common Units at Dec. 31, 2024   38,059,702  
Net income (loss) (7,115) $ (7,115)  
Other comprehensive Income      
Unrealized gain (loss) on interest rate swap contracts (3,928)   (3,928)
Realized gain on interest rate swap contracts reclassified from AOCI into interest expense (921)   (921)
Total other comprehensive income (loss) (4,849)   (4,849)
Comprehensive income (loss) (11,964) (7,115) (4,849)
Issuance of units related to Bonus Plan 165 $ 165  
Issuance of units related to Bonus Plan, Units   7,237  
Vesting of equity awards, net of units withheld for tax 697 $ 697  
Vesting of equity awards, net of units withheld for tax, Units   30,574  
Accretion of preferred membership interests (665) $ (665)  
Tax effect from intra-entity transfer of assets (387) (387)  
Distributions paid (20,054) (20,054)  
Balance at Mar. 31, 2025 (85,984) $ (88,730) 2,746
Balance, Common Units at Mar. 31, 2025   38,097,513  
Balance at Dec. 31, 2024 (53,776) $ (61,371) 7,595
Balance, Common Units at Dec. 31, 2024   38,059,702  
Net income (loss) 18,053    
Other comprehensive Income      
Accretion of preferred membership interests (1,345)    
Balance at Jun. 30, 2025 (84,488) $ (84,316) (172)
Balance, Common Units at Jun. 30, 2025   38,097,513  
Balance at Mar. 31, 2025 (85,984) $ (88,730) 2,746
Balance, Common Units at Mar. 31, 2025   38,097,513  
Net income (loss) 25,168 $ 25,168  
Other comprehensive Income      
Unrealized gain (loss) on interest rate swap contracts (1,987)   (1,987)
Realized gain on interest rate swap contracts reclassified from AOCI into interest expense (931)   (931)
Total other comprehensive income (loss) (2,918)   (2,918)
Comprehensive income (loss) 22,250 25,168 (2,918)
Accretion of preferred membership interests (680) [1] (680)  
Distributions paid (20,074) 20,074  
Balance at Jun. 30, 2025 $ (84,488) $ (84,316) $ (172)
Balance, Common Units at Jun. 30, 2025   38,097,513  
[1] For the three months ended June 30, 2025, dilutive units related to the preferred membership interests were included in the denominator of the calculation of diluted earnings per unit. Similarly, the accretion of the preferred membership interests was added back in the numerator of the calculation as if the preferred membership interests had been converted to common units at the beginning of the period, in which case no accretion would have been recorded.

 

For the six months ended June 30, 2025, 1,273,291 potentially dilutive units related to the preferred membership interests were excluded from the calculation of diluted earnings per unit because including them would have been antidilutive.

 

For the three and six months ended June 30, 2024, 1,258,247 potentially dilutive units related to the preferred membership interests were excluded from the calculation of diluted earnings per unit because including them would have been antidilutive.