Derivative Instruments (Tables)
|
6 Months Ended |
Jun. 30, 2026 |
|---|
| Derivative [Line Items] |
|
| 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 and six months ended June 30, 2026 and 2025
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Three Months ended June 30, 2026 |
|
|
For the Six Months ended June 30, 2026 |
|
|
|
Realized (gains) losses on derivatives, net |
|
|
Unrealized (gains) losses on derivatives, net |
|
|
Net result from derivative transactions |
|
|
Realized (gains) losses on derivatives, net |
|
|
Unrealized (gains) losses on derivatives, net |
|
|
Net result from derivative transactions |
|
Interest rate swaps |
|
$ |
(214,407 |
) |
|
$ |
(1,866,956 |
) |
|
$ |
(2,081,363 |
) |
|
$ |
(236,048 |
) |
|
$ |
(3,409,954 |
) |
|
$ |
(3,646,002 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Three Months ended June 30, 2025 |
|
|
For the Six Months ended June 30, 2025 |
|
|
|
Realized (gains) losses on derivatives, net |
|
|
Unrealized (gains) losses on derivatives, net |
|
|
Net result from derivative transactions |
|
|
Realized (gains) losses on derivatives, net |
|
|
Unrealized (gains) losses on derivatives, net |
|
|
Net result from derivative transactions |
|
Interest rate swaps |
|
$ |
(763,561 |
) |
|
$ |
2,142,777 |
|
|
$ |
1,379,216 |
|
|
$ |
(1,610,620 |
) |
|
$ |
6,025,973 |
|
|
$ |
4,415,353 |
|
|
| Summary of Partnership's Interest Rate Derivative Agreements |
The following tables summarize the Partnership’s interest rate derivative agreements as of June 30, 2026 and December 31, 2025:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair Value as of
June 30, 2026 |
|
|
|
|
Contract Type |
|
Notional Amount |
|
|
Asset |
|
|
Liability |
|
|
Weighted Average
Remaining Maturity (Years) |
|
Swaps |
|
|
|
|
|
|
|
|
|
|
|
|
SOFR |
|
$ |
345,669,799 |
|
|
$ |
3,284,738 |
|
|
$ |
(446,228 |
) |
|
|
1.99 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair Value as of
December 31, 2025 |
|
|
|
|
Contract Type |
|
Notional Amount |
|
|
Asset |
|
|
Liability |
|
|
Weighted Average
Remaining Maturity (Years) |
|
Swaps |
|
|
|
|
|
|
|
|
|
|
|
|
SOFR |
|
$ |
294,473,799 |
|
|
$ |
1,338,175 |
|
|
$ |
(1,843,464 |
) |
|
|
2.78 |
|
|
| 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 June 30, 2026:
|
|
|
|
|
|
|
|
|
Year |
|
Average Notional |
|
|
Weighted Average
Fixed Rate Paid |
|
Remainder of 2026 |
|
$ |
352,096,466 |
|
|
|
3.41 |
% |
2027 |
|
|
266,427,499 |
|
|
|
3.54 |
% |
2028 |
|
|
139,775,466 |
|
|
|
3.66 |
% |
2029 |
|
|
99,207,299 |
|
|
|
3.58 |
% |
2030 |
|
|
31,452,800 |
|
|
|
3.82 |
% |
2031 |
|
|
21,205,500 |
|
|
|
3.86 |
% |
2032 |
|
|
18,931,333 |
|
|
|
3.83 |
% |
2033 |
|
|
15,863,500 |
|
|
|
3.90 |
% |
2034 |
|
|
11,755,833 |
|
|
|
3.94 |
% |
2035 |
|
|
9,145,833 |
|
|
|
3.95 |
% |
2036 |
|
|
9,066,667 |
|
|
|
3.95 |
% |
2037 |
|
|
8,983,333 |
|
|
|
3.95 |
% |
2038 |
|
|
8,893,333 |
|
|
|
3.95 |
% |
2039 |
|
|
8,833,333 |
|
|
|
3.95 |
% |
|