Preferred Units |
6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Preferred Units and Warrants | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Preferred Units | Preferred Units The Preferred Units had a face value of $1,000 and ranked senior to our common units with respect to distributions and liquidation rights. The holders of the Preferred Units were entitled to receive cumulative quarterly cash distributions equal to $24.375 per Preferred Unit. The Preferred Units were convertible, at the option of the holder, into common units in accordance with the terms of our Partnership Agreement. As of December 31, 2025, all of the Preferred Units had been converted to our common units. Cash Distributions We have declared and paid per-unit quarterly cash distributions to the holders of the Preferred Units of record as follows:
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