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Partners Equity and Cash Distributions (Tables)
3 Months Ended
Mar. 31, 2023
Schedule of quarterly cash distributions to the unitholders and the General Partner based on target levels

Marginal Percentage

 

Total Quarterly Distribution

Interest in Distributions

 

    

Target Amount

    

Unitholders

    

General Partner

  

First Target Distribution

up to $0.4625

 

99.33

%  

0.67

%

Second Target Distribution

 

above $0.4625 up to $0.5375

 

86.33

%  

13.67

%

Third Target Distribution

 

above $0.5375 up to $0.6625

 

76.33

%  

23.67

%

Thereafter

 

above $0.6625

 

51.33

%  

48.67

%

Common Limited Partners  
Schedule of cash distributions made by the Partnership

For the

    

Per Unit

    

    

    

    

 

Cash Distribution

Quarter

Cash

Common

General

Incentive

Total Cash

 

Payment Date

    

Ended

Distribution

Units

Partner

Distribution

Distribution

 

2/14/2023 (1)(2)

12/31/22

$

1.5725

$

53,458

$

569

$

1,383

$

55,410

(1)This distribution consists of a quarterly distribution of $0.6350 per unit and a one-time special distribution of $0.9375 per unit.
(2)The quarterly distribution of $0.6350 per unit resulted in the Partnership reaching its third target level distribution for this quarter. As a result, the General Partner, as the holder of the IDRs, received an incentive distribution with respect to the $0.6350 per unit distribution. The General Partner agreed to waive its incentive distribution rights with respect to the one-time special distribution of $0.9375 per unit.

Series A and Series B Preferred Units  
Schedule of cash distributions made by the Partnership

Series A Preferred Units

Series B Preferred Units

 

For the

Per Unit

Per Unit

Cash Distribution

Quarterly Period

Cash

Total Cash

Cash

Total Cash

 

Payment Date

    

Covering

Distribution

    

Distribution

Distribution

    

Distribution

 

2/15/2023

11/15/22 - 2/14/23

$

0.609375

$

1,682

$

0.59375

$

1,781