Earnings Per Limited Partner Unit

9 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]

Earnings Per Limited Partner Unit

15) Earnings Per Limited Partner Unit

The following table presents the net income allocation and per unit data:

	Three Months Ended						Nine Months Ended
Basic and Diluted Earnings Per Limited Partner:	June 30,						June 30,
(in thousands, except per unit data)	2023			2022			2023		2022
Net income (loss)	$	(23,906	)	$	(10,587	)	$	51,674	$	85,281
Less General Partner’s interest in net income (loss)		(216	)		(93	)		468		726
Net income (loss) available to limited partners		(23,690	)		(10,494	)		51,206		84,555
Less dilutive impact of theoretical distribution of earnings *		—			—			7,258		13,677
Limited Partner’s interest in net income (loss)	$	(23,690	)	$	(10,494	)	$	43,948	$	70,878
Per unit data:
Basic and diluted net income (loss) available to limited partners	$	(0.67	)	$	(0.29	)	$	1.43	$	2.24
Less dilutive impact of theoretical distribution of earnings *		—			—			0.20		0.36
Limited Partner’s interest in net income (loss)	$	(0.67	)	$	(0.29	)	$	1.23	$	1.88
Weighted average number of Limited Partner units outstanding		35,603			36,781			35,725		37,739

* In any accounting period where the Company’s aggregate net income exceeds its aggregate distribution for such period, the Company is required to present net income per Limited Partner unit as if all of the earnings for the period were distributed, based on the terms of the Partnership agreement, regardless of whether those earnings would actually be distributed during a particular period from an economic or practical perspective. This allocation does not impact the Company’s overall net income or other financial results.