v3.25.2
Equity Investments
6 Months Ended
Jun. 30, 2025
Equity Method Investments and Joint Ventures [Abstract]  
Equity Investments
7. EQUITY INVESTMENTS

The following table presents the financial statement impact of the Partnership’s equity investments:

thousands
Percentage Ownership Interest
Balance at December 31, 2024Equity
income, net
Distributions
Distributions
in excess of
cumulative
earnings (1)
Balance at June 30, 2025
Mi Vida50.00 %$42,765 $5,195 $(5,248)$(2,301)$40,411 
FRP33.33 %183,588 23,657 (25,695)(3,302)178,248 
Red Bluff Express30.00 %115,085 8,016 (8,016)(1,478)113,607 
Rendezvous22.00 %5,639 (1,138)(491)(896)3,114 
TEP20.00 %170,060 9,824 (9,949)(4,062)165,873 
TEG20.00 %14,496 533 (544)(168)14,317 
White Cliffs10.00 %9,802 1,476 (1,476)(1,840)7,962 
Total$541,435 $47,563 $(51,419)$(14,047)$523,532 
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(1)Distributions in excess of cumulative earnings, classified as investing cash flows in the consolidated statements of cash flows, are calculated on an individual-investment basis.