v3.25.2
Partners' Equity and Cash Distributions (Tables)
6 Months Ended
Jun. 30, 2025
Schedule of quarterly cash distributions to the unitholders and the General Partner based on target levels

Marginal Percentage

 

Total Quarterly Distribution

Interest in Distributions

 

    

Target Amount

    

Unitholders

    

General Partner

  

First Target Distribution

up to $0.4625

 

99.33

%  

0.67

%

Second Target Distribution

 

above $0.4625 up to $0.5375

 

86.33

%  

13.67

%

Third Target Distribution

 

above $0.5375 up to $0.6625

 

76.33

%  

23.67

%

Thereafter

 

above $0.6625

 

51.33

%  

48.67

%

Common Limited Partners  
Schedule of cash distributions made by the Partnership

The Partnership paid the following cash distributions to common unitholders during 2025 (in thousands, except per unit data):

For the

    

Per Unit

    

    

    

    

 

Cash Distribution

Quarter

Cash

Common

General

Incentive

Total Cash

 

Payment Date

    

Ended

Distribution

Units

Partner

Distribution

Distribution

 

2/14/2025 (1)

12/31/24

$

0.7400

$

25,157

$

198

$

4,128

$

29,483

5/15/2025 (1)

03/31/25

 

0.7450

 

25,327

 

201

 

4,287

 

29,815

(1)This distribution resulted in the Partnership exceeding its third target level distribution for this quarter. As a result, the General Partner, as the holder of the IDRs, received an incentive distribution.
Series B Preferred Limited Partners  
Schedule of cash distributions made by the Partnership

The Partnership paid the following cash distributions on the Series B Preferred Units during 2025 (in thousands, except per unit data):

For the

    

Per Unit

    

 

Cash Distribution

Quarterly Period

Cash

Total Cash

 

Payment Date

    

Covering

    

Distribution

    

Distribution

 

2/18/2025

11/15/24 - 2/14/25

$

0.59375

$

1,781

5/15/2025

2/15/25 - 5/14/25

0.59375

1,781