v3.25.2
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income $ 49,071 $ 54,811
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 141,234 128,564
Amortization of debt issuance costs 4,472 4,252
Unit-based compensation expense 1,648 8,331
Deferred income tax expense 46 97
Loss on disposition of assets 1,364 1,236
Loss on extinguishment of debt 0 4,966
Change in fair value of derivative instrument 0 (7,014)
Impairment of assets 6,887 311
Changes in assets and liabilities:    
Accounts receivable and related-party receivables, net (9,415) (10,764)
Inventories (24,128) (59,941)
Prepaid expenses and other current assets 1,023 (503)
Other assets (2,219) 1,503
Accounts payable and related-party payables 9,051 557
Accrued liabilities and deferred revenue 271 35,022
Other liabilities (410) 1,230
Net cash provided by operating activities 178,895 162,658
Cash flows from investing activities:    
Capital expenditures, net (41,537) (147,150)
Proceeds from disposition of property and equipment 1,074 435
Proceeds from insurance recovery 68 0
Net cash used in investing activities (40,395) (146,715)
Cash flows from financing activities:    
Proceeds from revolving credit facility 494,118 582,530
Proceeds from issuance of senior notes 0 1,000,000
Repayments of revolving credit facility (495,614) (698,102)
Investments in government securities in connection with legal defeasance of the Senior Notes 2026 0 (748,764)
Cash paid related to net settlement of unit-based awards (3,213) 0
Deferred financing costs (226) (18,579)
Other (183) (682)
Net cash used in financing activities (138,512) (15,945)
Decrease in cash and cash equivalents (12) (2)
Cash and cash equivalents, beginning of period 14 11
Cash and cash equivalents, end of period 2 9
Supplemental cash flow information:    
Cash paid for interest, net of capitalized amounts 90,238 60,860
Cash paid for income taxes 1,500 1,152
Supplemental non-cash transactions:    
Non-cash distributions to certain common unitholders (DRIP) 120 771
Transfers from inventories to property and equipment, net 21,339 43,012
Changes in capital expenditures included in accounts payable and accrued liabilities (1,078) (4,189)
ROU assets obtained in exchange for lease obligations: Operating leases 2,608 1,640
Changes in financing costs included in accounts payable and accrued liabilities 225 (96)
Exercise and conversion of Preferred Units into common units 92,971 300,700
Government securities transferred in connection with the legal defeasance of the Senior Notes 2026 0 748,764
Legal defeasance of Senior Notes 2026 0 725,000
Common units    
Cash flows from financing activities:    
Cash distributions (124,619) (116,748)
Preferred Units    
Cash flows from financing activities:    
Cash distributions $ (8,775) $ (15,600)