v3.25.2
Partners’ Deficit (Tables)
 6 Months Ended
Jun. 30, 2025
Partners' Capital Notes [Abstract]  
Summary of change in common units outstanding
The changes in common units outstanding were as follows:
 Common Units Outstanding
Number of common units outstanding, December 31, 2024117,314,783 
Vesting of phantom units265,337 
Issuance of common units under the DRIP4,706 
Exercise and conversion of Preferred Units into common units4,997,126 
Number of common units outstanding, June 30, 2025122,581,952 
Schedule of distributions (in millions, except distribution per unit)
We have declared and paid per-unit quarterly distributions to our limited partner unitholders of record, including holders of our common, phantom, and restricted units, as follows (dollars in millions, except distribution per unit):
Payment DateDistribution per Limited Partner UnitAmount Paid to Common Unitholders
Amount Paid to Phantom and Restricted Unitholders
Total Distribution
February 2, 2024$0.525 $54.1 $1.0 $55.1 
May 3, 20240.525 61.4 1.0 62.4 
August 2, 20240.525 61.4 1.0 62.4 
November 1, 20240.525 61.5 1.0 62.5 
Total 2024 distributions
$2.100 $238.4 $4.0 $242.4 
February 7, 2025$0.525 $61.7 $0.7 $62.4 
May 9, 20250.525 61.7 0.6 62.3 
Total 2025 distributions
$1.050 $123.4 $1.3 $124.7