| Schedule of Incentive Unit Awards |
| | | | | | | | | | | | | | | | | | | | | | | | | Time-Based
Phantom Units | | Weighted
Average
Grant Date
Fair Value | | Performance Phantom Units | | Weighted
Average
Grant Date
Fair Value | | Unvested at December 31, 2023 | 709,545 | | $ | 18.80 | | | — | | | $ | — | | | Granted | 6,412 | | | $ | 17.59 | | | — | | | $ | — | | | Vested | — | | | $ | — | | | — | | | $ | — | | | Forfeited | (6,951) | | $ | 18.80 | | | — | | | $ | — | | | Unvested at March 31,2024 | 709,006 | | $ | 18.79 | | | — | | | $ | — | | | Granted | 9,260 | | | $ | 19.30 | | | 46,348 | | | $ | 26.80 | | | Vested | (68,755) | | | $ | 18.80 | | | — | | | $ | — | | | Forfeited | (2,074) | | $ | 18.80 | | | — | | | $ | — | | | Unvested at June 30, 2024 | 647,437 | | $ | 18.80 | | | 46,348 | | $ | 26.80 | |
| | | | | | | | | | | | | | | | | | | | | | | | | Time-Based
Phantom Units | | Weighted
Average
Grant Date
Fair Value | | Performance Phantom Units | | Weighted
Average
Grant Date
Fair Value | | Unvested at December 31, 2024 | 1,023,320 | | $ | 17.36 | | | 38,622 | | $ | 24.88 | | | Granted | 13,609 | | | $ | 17.18 | | | 72,759 | | 1 | $ | 19.61 | | | Vested | (1,998) | | | $ | 17.59 | | | — | | | $ | — | | | Forfeited | (4,467) | | $ | 17.99 | | | — | | | $ | — | | | Unvested at March 31,2025 | 1,030,464 | | $ | 17.35 | | | 111,381 | | $ | 21.44 | | | Granted | 17,721 | | | $ | 15.77 | | | — | | | $ | — | | | Vested | (2,775) | | | $ | 19.30 | | | — | | | $ | — | | | Forfeited | (15,530) | | | $ | 17.29 | | | — | | | $ | — | | | Unvested at June 30, 2025 | 1,029,880 | | $ | 17.32 | | | 111,381 | | $ | 21.44 | |
|
| Schedule of Assumptions Used in Monte Carlo Simulation |
The table below summarizes the assumptions used in the Monte Carlo simulation to determine the grant date fair value of units granted during the year ended December 31, 2024, and the six months ended June 30, 2025. | | | | | | | | | | | | | Grant date | May 3, 2024 | | January 1, 2025 | | Period for volatility, correlations, and risk-free rate | 2.66 years | | 3.00 years | | Risk-free interest rate | 4.61% | | 4.23% | | Implied equity volatility | 57.25% | | 50.57% | | Unit price on date of grant | $20.44 | | $17.18 |
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