v3.25.2
Equity and Partners' Capital (Tables)
6 Months Ended
Jun. 30, 2025
Partners' Capital Notes [Abstract]  
Calculation of Net Income (Loss) Per Unit Table
The following table provides a reconciliation between basic and diluted net income (loss) per common unit:
 Three Months Ended 
June 30,
Six Months Ended 
June 30,
thousands except per-unit amounts2025202420252024
Net income (loss)
Limited partners’ interest in net income (loss)$333,750 $369,841 $635,587 $929,341 
Weighted-average common units outstanding
Basic381,328 380,491 381,158 380,258 
Dilutive effect of non-vested phantom units998 1,762 1,240 1,675 
Diluted382,326 382,253 382,398 381,933 
Excluded due to anti-dilutive effect488 — 353 
Net income (loss) per common unit
Basic$0.88 $0.97 $1.67 $2.44 
Diluted$0.87 $0.97 $1.66 $2.43