Consolidated Statements of Income and Comprehensive Income - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||||
|---|---|---|---|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
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| Net revenues | ||||||
| Net revenues | $ 246,350 | $ 264,628 | $ 496,280 | $ 516,703 | ||
| Cost of sales: | ||||||
| Operating expenses (excluding depreciation and amortization presented below) | 37,525 | 29,454 | 78,155 | 61,149 | ||
| Depreciation and amortization | 25,879 | 22,746 | 52,377 | 47,913 | ||
| Total cost of sales | 182,765 | 190,260 | 378,945 | 370,814 | ||
| Operating expenses related to wholesale business (excluding depreciation and amortization presented below) | 549 | 174 | 904 | 395 | ||
| General and administrative expenses | 8,944 | 6,016 | 17,808 | 10,879 | ||
| Depreciation and amortization | 1,218 | 1,461 | 2,436 | 2,789 | ||
| Other operating expense (income), net | 438 | (1,744) | (3,848) | (1,177) | ||
| Total operating costs and expenses | 193,914 | 196,167 | 396,245 | 383,700 | ||
| Operating income | 52,436 | 68,461 | 100,035 | 133,003 | ||
| Interest income | (23,538) | (28) | (46,085) | (28) | ||
| Interest expense | 41,711 | 35,296 | 82,812 | 75,525 | ||
| Income from equity method investments | (10,536) | (7,882) | (20,686) | (16,372) | ||
| Other income, net | (20) | (40) | (41) | (211) | ||
| Total non-operating expenses, net | 7,617 | 27,346 | 16,000 | 58,914 | ||
| Income before income tax expense | 44,819 | 41,115 | 84,035 | 74,089 | ||
| Income tax expense | 245 | 57 | 427 | 383 | ||
| Net income | 44,574 | 41,058 | 83,608 | 73,706 | ||
| Comprehensive income | $ 44,574 | $ 41,058 | $ 83,608 | $ 73,706 | ||
| Net income per limited partner unit: | ||||||
| Basic (in dollars per unit) | $ 0.83 | $ 0.87 | $ 1.56 | $ 1.61 | ||
| Diluted (in dollars per unit) | $ 0.83 | $ 0.87 | $ 1.56 | $ 1.61 | ||
| Weighted average common units outstanding: | ||||||
| Basic (in units) | 53,445,803 | 47,219,184 | 53,524,792 | 45,812,770 | ||
| Diluted (in units) | 53,473,271 | 47,232,507 | 53,553,227 | 45,829,522 | ||
| Affiliated Entity | ||||||
| Net revenues | ||||||
| Net revenues | [1] | $ 114,083 | $ 156,828 | $ 240,404 | $ 296,453 | |
| Cost of sales: | ||||||
| Cost of materials and other | [1] | 84,411 | 103,065 | 174,377 | 195,947 | |
| Nonrelated Party | ||||||
| Net revenues | ||||||
| Net revenues | 132,267 | 107,800 | 255,876 | 220,250 | ||
| Cost of sales: | ||||||
| Cost of materials and other | $ 34,950 | $ 34,995 | $ 74,036 | $ 65,805 | ||
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- Definition Comprehensive Income Attributable To Partners No definition available.
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- Definition Number of limited partner units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding. No definition available.
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- Definition Aggregate amount of net income attributable to the partners, which excludes the amount of net income attributable to predecessor entities. No definition available.
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- Definition Operating Expenses Excluded From Cost Of Sales No definition available.
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business), including interest (income) expense and loss (income) from equity method investments. No definition available.
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- Definition Cost of product sold and service rendered, excluding depreciation, depletion, and amortization. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense for allocation of cost of tangible and intangible assets over their useful lives directly used in production of good and rendering of service. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of income (loss) for proportionate share of equity method investee's income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest income earned from interest bearing assets classified as other. No definition available.
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- Definition Per unit of ownership amount after tax of income (loss) available to limited partnership (LP) unit-holder and units that would have been outstanding assuming the issuance of limited partner units for dilutive potential units outstanding. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Per unit of ownership amount after tax of income (loss) available to outstanding limited partnership (LP) unit-holder. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The net amount of other operating income and expenses, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operations. No definition available.
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Weighted average number of limited partnership units outstanding determined by relating the portion of time within a reporting period that limited partnership units have been outstanding to the total time in that period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Weighted average number of limited partnership units outstanding determined by relating the portion of time within a reporting period that limited partnership units have been outstanding to the total time in that period. Used in the calculation of diluted net income or loss per limited partnership unit. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Details
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