The following table provides a reconciliation of net income and weighted-average units used in computing basic and diluted net income per common unit for the following periods (in thousands, except unit and per unit amounts):


	Three Months Ended March 31,
	2026			2025
Numerator:
Distributions paid on common units	$	20,021		$	19,981
Allocation of distributions in excess of net income		(10,056	)		(27,761	)
Limited partners’ interest in net income (loss) - basic and diluted		9,965			(7,780	)
Denominator:
Weighted-average common units outstanding - basic		38,142,565			38,073,986
Adjustment for phantom and phantom performance units (a)		159,317			—
Weighted-average common units outstanding - diluted		38,301,882			38,073,986
Net income (loss) per common unit - basic	$	0.26		$	(0.20	)
Net income (loss) per common unit - diluted	$	0.26		$	(0.20	)

Distributions paid per common unit	$	0.5250		$	0.5250
Distributions declared (with respect to each respective period) per common unit	$	0.5250		$	0.5250

(a)

For the three months ended March 31, 2026, 1,299,880 potentially dilutive units related to the preferred membership interests were excluded from the calculation of diluted earnings per unit because including them would have been antidilutive.

For the three months ended March 31, 2025, 164,962 potentially dilutive units related to the phantom units and phantom performance units and 1,245,272 potentially dilutive units related to the preferred membership interests were excluded from the calculation of diluted earnings per unit because including them would have been antidilutive.

Distribution activity for 2026 is as follows:

         Quarter Ended

         Record Date

         Payment Date

         Cash
Distribution
(per unit)

         Cash
Distribution
(in thousands)

December 31, 2025

February 2, 2026

February 12, 2026

0.5250

20,021

March 31, 2026

May 4, 2026

May 14, 2026

0.5250

20,031

The amount of any distribution is subject to the discretion of the Board, which may modify or revoke our cash distribution policy at any time. Our Partnership Agreement does not require us to pay any distributions. As such, there can be no assurance we will continue to pay distributions in the future.