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v3.25.2

Equity - Class D Preferred Units (Details) - USD ($) $ / shares in Units, $ in Thousands |  |  |  |  | 3 Months Ended |
--- | --- | --- | --- | --- | --- | ---
Jul. 15, 2025 | Jun. 23, 2025 | May 19, 2025 | Apr. 15, 2025 | Jun. 30, 2025 | Mar. 31, 2025 | Oct. 31, 2019
Class of Stock |  |  |  |  |  |  |
Investment, Variable Interest Rate, Type [Extensible Enumeration] |  |  |  |  | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate |
Series D Preferred Stock |  |  |  |  |  |  |
Class of Stock |  |  |  |  |  |  |
Temporary equity, units redeemed |  | 50,000 | 20,000 |  |  |  |
Temporary equity, redemption price per unit |  | $ 1,442.57 | $ 1,394.04 |  |  |  |
Temporary equity, redemption premium percentage |  | 138.98% | 134.30% |  |  |  |
Temporary equity, par or stated value per unit |  |  |  |  | $ 1,037.98 |  |
Temporary equity, distributions, per unit, cash paid |  | $ 27.43 | $ 15.96 |  |  |  |
Temporary equity, redemption price per unit including distributions |  | $ 1,470 | $ 1,410 |  |  |  |
Payments for repurchase of temporary equity |  | $ 73,500 | $ 28,200 |  |  |  |
Temporary equity, issued and outstanding (in units) |  |  |  |  | 530,000 | 600,000 |
Temporary equity, redemption price per unit |  | $ 1,442.57 | $ 1,394.04 |  |  |  |
Temporary equity, par or stated value per unit |  |  |  |  | $ 1,037.98 |  |
Payments for repurchase of temporary equity |  | $ 73,500 | $ 28,200 |  |  |  |
Temporary equity, units redeemed |  | 50,000 | 20,000 |  |  |  |
Temporary equity, redemption premium percentage |  | 138.98% | 134.30% |  |  |  |
Temporary equity, distributions, per unit, cash paid |  | $ 27.43 | $ 15.96 |  |  |  |
Temporary equity, redemption price per unit including distributions |  | $ 1,470 | $ 1,410 |  |  |  |
Series D Preferred Stock |  |  |  |  |  |  |
Class of Stock |  |  |  |  |  |  |
Preferred units, distribution payment terms |  |  |  |  | The holders of our Class D Preferred Units have elected, which they are allowed to do so from time to time, for the distributions to be calculated based on the three-month CME Term SOFR interest rate in accordance with our amended and restated limited partnership agreement plus a spread of 7.00%. Each variable rate election shall be effective for at least four quarters following such election. This variable rate election is effective until September 30, 2025. The distribution rate for the Class D Preferred Units is 11.298% for the quarter ended June 30, 2025. |  |
Preferred unit distribution variable rate basis |  |  |  |  | 4.298% | 4.329% |
Preferred unit distributions declared |  |  |  |  | $ 29.39 | $ 32.07 |
Preferred unit distributions paid |  |  |  | $ 19,243 |  |  |
Series D Preferred Stock | Subsequent Event |  |  |  |  |  |  |
Class of Stock |  |  |  |  |  |  |
Preferred unit distributions paid | $ 15,578 |  |  |  |  |  |
Limited Partner |  |  |  |  |  |  |
Class of Stock |  |  |  |  |  |  |
Warrants outstanding (in units) |  |  |  |  | 2,125,000 |  |
Premium Warrants |  |  |  |  |  |  |
Class of Stock |  |  |  |  |  |  |
Warrants outstanding (in units) |  |  |  |  |  |  | 1,250,000
Warrants, exercise price |  |  |  |  |  |  | $ 16.28
Par Warrants |  |  |  |  |  |  |
Class of Stock |  |  |  |  |  |  |
Warrants outstanding (in units) |  |  |  |  |  |  | 875,000
Warrants, exercise price |  |  |  |  |  |  | $ 13.56

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