XML 31 R24.htm IDEA: XBRL DOCUMENT v3.25.0.1
Earnings Per Limited Partner Unit
 3 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Earnings Per Limited Partner Unit

15) Earnings Per Limited Partner Unit

The following table presents the net income allocation and per unit data:

 

 

 

Three Months Ended

 

Basic and Diluted Earnings Per Limited Partner:

 

December 31,

 

(in thousands, except per unit data)

 

2024

 

 

2023

 

Net income

 

$

32,884

 

 

$

12,979

 

Less General Partner’s interest in net income

 

 

307

 

 

 

118

 

Net income available to limited partners

 

 

32,577

 

 

 

12,861

 

Less dilutive impact of theoretical distribution of earnings *

 

 

5,371

 

 

 

1,588

 

Limited Partner’s interest in net income

 

$

27,206

 

 

$

11,273

 

Per unit data:

 

 

 

 

 

 

Basic and diluted net income available to limited partners

 

$

0.94

 

 

$

0.36

 

Less dilutive impact of theoretical distribution of earnings *

 

 

0.15

 

 

 

0.04

 

Limited Partner’s interest in net income

 

$

0.79

 

 

$

0.32

 

Weighted average number of Limited Partner units outstanding

 

 

34,587

 

 

 

35,593

 


* In any accounting period where the Company’s aggregate net income exceeds its aggregate distribution for such period, the Company is required to present net income per Limited Partner unit as if all of the earnings for the period were distributed, based on the terms of the Partnership agreement, regardless of whether those earnings would actually be distributed during a particular period from an economic or practical perspective. This allocation does not impact the Company’s overall net income or other financial results.