v3.26.1
New Accounting Standards
6 Months Ended
Jun. 30, 2026
New Accounting Standards  
New Accounting Standards

Note 16.    New Accounting Standards

There have been no developments to recently issued accounting standards, including the expected dates of adoption and estimated effects on the Partnership’s consolidated financial statements, from those disclosed in the Partnership’s 2025 Annual Report on Form 10-K, except for the following:

Recently Issued Accounting Pronouncement

In May 2026, the Financial Accounting Standards Board issued Accounting Standards Update 2026-02, “Environmental Credits and Environmental Credit Obligations (Topic 818)”. This standard provides guidance for the recognition, measurement, presentation and disclosure of environmental credits and environmental credit obligations. The amendments in this update are effective for fiscal years beginning after December 15, 2027, including interim periods within those fiscal years, with early adoption permitted. The Partnership is evaluating the impact of this standard on its disclosures.