v3.26.1
CONSOLIDATED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT) (UNAUDITED) - USD ($)
$ in Millions
Total
Class A Shares
Limited Partner
Class A Shares
Noncontrolling Interest
Balance, beginning of period at Dec. 31, 2024 $ 465.3   $ 530.7 $ (65.4)
Net income 161.4   71.6 89.8
Equity-based compensation 0.3   0.3  
Distributions to unitholders (151.1)   (73.0) (78.1)
Deferred tax asset 137.8 $ 137.8 137.8  
Sale of shares held by Sponsors     (16.9) 16.9
Share and unit repurchases (100.0)   (48.8) (51.2)
Transaction costs (0.8)   (0.4) (0.4)
Balance, end of period at Mar. 31, 2025 512.9   601.3 (88.4)
Balance, beginning of period at Dec. 31, 2025 437.9   568.3 (130.4)
Net income 157.7   87.6 70.1
Equity-based compensation 0.2   0.2 0.0
Distributions to unitholders (158.7)   (98.9) (59.8)
Deferred tax asset (1.1) $ 1.1 (1.1) 0.0
Share and unit repurchases (60.0)   (37.2) (22.8)
Transaction costs [1] (1.2)   (0.9) (0.3)
Balance, end of period at Mar. 31, 2026 $ 374.8   $ 518.0 $ (143.2)
[1] Includes excise tax on Class A Share repurchases.