v3.26.1
INCENTIVE COMPENSATION
6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
INCENTIVE COMPENSATION INCENTIVE COMPENSATION
The table below summarizes incentive compensation expense recorded in the general and administrative expenses in the consolidated statements of operations for the periods presented:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
(in thousands)
Cash—short and long-term incentive plans$2,466 $1,235 $3,971 $2,521 
Equity-based compensation—restricted common units1,257 1,172 2,316 2,135 
Equity-based compensation—restricted performance units640 238 2,541 1,780 
Board of Directors incentive plan583 550 1,174 1,100 
 Total incentive compensation expense
$4,946 $3,195 $10,002 $7,536 
For the six months ended June 30, 2026, the Partnership repurchased 162,066 common units at a weighted average price of $14.41 per unit for the purpose of satisfying tax withholding obligations upon the vesting of certain long-term incentive equity awards held by the Partnership's executive officers and certain other employees. Specifically, when an employee's equity award vests, the Partnership withholds a portion of the units to cover the employee's tax liability.