PARTNERS' CAPITAL (Tables)

3 Months Ended

Mar. 31, 2025

PARTNERS' CAPITAL.

Summary of quarterly per unit distribution paid

Payment Date	Per Unit Cash Distribution		Total Cash Distribution
			(in thousands)
February 14, 2024	$	0.70	$	91,246
May 15, 2024		0.70		90,736
August 14, 2024		0.70		90,725
November 14, 2024		0.70		90,723
Total	$	2.80	$	363,430
February 14, 2025	$	0.70	$	90,891
May 15, 2025 (1)		0.70
Total	$	1.40	$	90,891

(1) On April 28, 2025, we declared this quarterly distribution payable on May 15, 2025 to all unitholders of record as of May 8, 2025.

Summary of changes to Partners' Capital

				Accumulated
	Number of	Limited		Other
	Limited Partner	Partners'		Comprehensive		Noncontrolling		Total Partners'
	Units	Capital		Income (Loss)		Interest		Capital
	(in thousands, except unit data)
Balance at January 1, 2025	128,061,981	$	1,867,850	$	(35,103)	$	20,786	$	1,853,533
Comprehensive income:
Net income	—		73,983		—		1,577		75,560
Other comprehensive income	—		—		270		—		270
Total comprehensive income									75,830
Settlement of deferred compensation plans	366,043		(7,082)		—		—		(7,082)
Common unit-based compensation	—		1,964		—		—		1,964
Distributions on deferred common unit-based compensation	—		(1,247)		—		—		(1,247)
Distributions from consolidated company to noncontrolling interest	—		—		—		(1,894)		(1,894)
Distributions to Partners	—		(89,644)		—		—		(89,644)
Balance at March 31, 2025	128,428,024	$	1,845,824	$	(34,833)	$	20,469	$	1,831,460

				Accumulated
	Number of	Limited		Other
	Limited Partner	Partners'		Comprehensive		Noncontrolling		Total Partners'
	Units	Capital		Income (Loss)		Interest		Capital
	(in thousands, except unit data)
Balance at January 1, 2024	127,125,437	$	1,896,027	$	(61,525)	$	24,095	$	1,858,597
Cumulative-effect adjustment	—		6,232		—		—		6,232
Comprehensive income:
Net income	—		158,057		—		1,510		159,567
Actuarially determined long-term liability adjustments	—		—		923		—		923
Total comprehensive income									160,490
Settlement of deferred compensation plans	936,544		(13,292)		—		—		(13,292)
Common unit-based compensation	—		2,604		—		—		2,604
Distributions on deferred common unit-based compensation	—		(2,261)		—		—		(2,261)
Distributions from consolidated company to noncontrolling interest	—		—		—		(1,981)		(1,981)
Distributions to Partners	—		(88,985)		—		—		(88,985)
Balance at March 31, 2024	128,061,981	$	1,958,382	$	(60,602)	$	23,624	$	1,921,404