Derivative Instruments (Tables)
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3 Months Ended |
Mar. 31, 2026 |
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| Derivative [Line Items] |
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| Summary of Realized and Unrealized Gains and Losses of Partnership's Derivative Instruments |
The following tables are a summary of the realized and unrealized gains and losses of the Partnership's derivative instruments for the three months ended March 31, 2026 and 2025
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For the Three Months ended March 31, 2026 |
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Realized (gains) losses on derivatives, net |
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Unrealized (gains) losses on derivatives, net |
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Net result from derivative transactions |
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Interest rate swaps |
|
$ |
(21,641 |
) |
|
$ |
(1,542,998 |
) |
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$ |
(1,564,639 |
) |
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For the Three Months ended March 31, 2025 |
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Realized (gains) losses on derivatives, net |
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Unrealized (gains) losses on derivatives, net |
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Net result from derivative transactions |
|
Interest rate swaps |
|
$ |
(847,059 |
) |
|
$ |
3,883,196 |
|
|
$ |
3,036,137 |
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| Summary of Partnership's Interest Rate Derivative Agreements |
The following tables summarize the Partnership’s interest rate derivative agreements as of March 31, 2026 and December 31, 2025:
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Fair Value as of
March 31, 2026 |
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Contract Type |
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Notional Amount |
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Asset |
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Liability |
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Weighted Average
Remaining Maturity (Years) |
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Swaps |
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SOFR |
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340,261,799 |
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$ |
2,050,163 |
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$ |
(1,049,859 |
) |
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2.15 |
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Fair Value as of
December 31, 2025 |
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Contract Type |
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Notional Amount |
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Asset |
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Liability |
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Weighted Average
Remaining Maturity (Years) |
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Swaps |
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SOFR |
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294,473,799 |
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|
$ |
1,338,175 |
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$ |
(1,843,464 |
) |
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|
2.78 |
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| Summary of Average Notional Amount and Weighted Average Fixed Rate by Year |
The following table summarizes the average notional amount and weighted average fixed rate by year for our interest rate swaps as of March 31, 2026:
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Year |
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Average Notional |
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|
Weighted Average
Fixed Rate Paid |
|
Remainder of 2026 |
|
$ |
345,805,132 |
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3.40 |
% |
2027 |
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|
261,443,332 |
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3.47 |
% |
2028 |
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|
119,755,466 |
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3.61 |
% |
2029 |
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|
83,152,299 |
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3.53 |
% |
2030 |
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|
28,852,800 |
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3.82 |
% |
2031 |
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21,205,500 |
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3.86 |
% |
2032 |
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18,931,333 |
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3.83 |
% |
2033 |
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15,863,500 |
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3.90 |
% |
2034 |
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11,755,833 |
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3.94 |
% |
2035 |
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9,145,833 |
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3.95 |
% |
2036 |
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9,066,667 |
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3.95 |
% |
2037 |
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8,983,333 |
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3.95 |
% |
2038 |
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8,893,333 |
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3.95 |
% |
2039 |
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|
8,833,333 |
|
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|
3.95 |
% |
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