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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, 2024 $ (53,776) $ (61,371) $ 7,595
Balance, Common Units at Dec. 31, 2024   38,059,702  
Net (loss) income (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 (loss) income 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 (loss) income 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  
Balance at Dec. 31, 2025 (102,328) $ (101,280) (1,048)
Balance, Common Units at Dec. 31, 2025   38,135,078  
Net (loss) income 10,659 $ 10,659  
Other comprehensive Income      
Unrealized gain (loss) on interest rate swap contracts 2,900   2,900
Realized gain on interest rate swap contracts reclassified from AOCI into interest expense (281)   (281)
Total other comprehensive income (loss) 2,619   2,619
Comprehensive income (loss) 13,278 10,659 2,619
Issuance of units related to Bonus Plan 194 $ 194  
Issuance of units related to Bonus Plan, Units   9,345  
Vesting of equity awards, net of units withheld for tax 206 $ 206  
Vesting of equity awards, net of units withheld for tax, Units   9,908  
Accretion of preferred membership interests (694) $ (694)  
Distributions paid (20,090) (20,090)  
Balance at Mar. 31, 2026 (109,434) $ (111,005) 1,571
Balance, Common Units at Mar. 31, 2026   38,154,331  
Balance at Dec. 31, 2025 (102,328) $ (101,280) (1,048)
Balance, Common Units at Dec. 31, 2025   38,135,078  
Net (loss) income 31,471    
Other comprehensive Income      
Accretion of preferred membership interests (1,404)    
Balance at Jun. 30, 2026 (107,204) $ (111,004) 3,800
Balance, Common Units at Jun. 30, 2026   38,154,331  
Balance at Mar. 31, 2026 (109,434) $ (111,005) 1,571
Balance, Common Units at Mar. 31, 2026   38,154,331  
Net (loss) income 20,812 $ 20,812  
Other comprehensive Income      
Unrealized gain (loss) on interest rate swap contracts 2,475   2,475
Realized gain on interest rate swap contracts reclassified from AOCI into interest expense (246)   (246)
Total other comprehensive income (loss) 2,229   2,229
Comprehensive income (loss) 23,041 20,812 2,229
Accretion of preferred membership interests (710) (710)  
Distributions paid (20,101) (20,101)  
Balance at Jun. 30, 2026 $ (107,204) $ (111,004) $ 3,800
Balance, Common Units at Jun. 30, 2026   38,154,331  
[1] For the three and six months ended June 30, 2026, 1,329,127 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 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.