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Partners' Equity, Allocations and Cash Distributions (Tables)
12 Months Ended
Dec. 31, 2024
Schedule of quarterly cash distributions to the unitholders and the General Partner based on target levels

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Marginal Percentage

 

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​

Total Quarterly Distribution

​

Interest in Distributions

 

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​

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

The Partnership paid the following cash distributions to common unitholders during 2024, 2023 and 2022 (in thousands, except per unit data):

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​

​

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​

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For the

    

Per Unit

    

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​

    

​

​

    

​

​

    

​

​

 

Cash Distribution

​

Quarter

​

Cash

​

Common

​

General

​

Incentive

​

Total Cash

 

Payment Date

    

Ended

​

Distribution

​

Units

​

Partner

​

Distribution

​

Distribution

 

2022

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​

​

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​

​

​

​

​

​

​

​

​

​

​

​

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2/14/2022 (1)

​

12/31/21

​

$

0.5850

​

$

19,887

​

$

141

​

$

871

​

$

20,899

​

5/13/2022 (1)

​

03/31/22

​

 

0.5950

​

 

20,227

​

 

144

​

 

973

​

 

21,344

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8/12/2022 (1)

​

06/30/22

​

 

0.6050

​

 

20,567

​

 

147

​

 

1,075

​

 

21,789

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11/14/2022 (1)

​

09/30/22

​

 

0.6250

​

 

21,247

​

 

153

​

 

1,280

​

 

22,680

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2023

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

2/14/2023 (2)

​

12/31/22

​

$

1.5725

​

$

53,458

​

$

569

​

$

1,383

​

$

55,410

​

5/15/2023 (1)

​

03/31/23

​

 

0.6550

​

 

22,267

​

 

162

​

 

1,587

​

 

24,016

​

8/14/2023 (3)

​

06/30/23

​

 

0.6750

​

 

22,947

​

 

169

​

 

2,062

​

 

25,178

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11/14/2023 (3)

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09/30/23

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0.6850

​

 

23,287

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174

​

 

2,380

​

 

25,841

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2024

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​

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​

​

​

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2/14/2024 (3)

​

12/31/23

​

$

0.7000

​

$

23,797

​

$

180

​

$

2,857

​

$

26,834

​

5/15/2024 (3)

​

03/31/24

​

 

0.7100

​

 

24,137

​

 

185

​

 

3,174

​

 

27,496

​

8/14/2024 (3)

​

06/30/24

​

 

0.7200

​

 

24,477

​

 

189

​

 

3,493

​

 

28,159

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11/14/2024 (3)

​

09/30/24

​

 

0.7300

​

 

24,817

​

 

194

​

 

3,810

​

 

28,821

​

(1)This distribution resulted in the Partnership reaching its third target level distribution for the respective quarter. As a result, the General Partner, as the holder of the IDRs, received an incentive distribution.
(2)This distribution consists of a quarterly distribution of $0.6350 per unit and a one-time special distribution of $0.9375 per unit. 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 special distribution.
(3)This distribution resulted in the Partnership exceeding its third target level distribution for the respective quarter. As a result, the General Partner, as the holder of the IDRs, received an incentive distribution.
Series A Preferred Limited Partners  
Schedule of cash distributions made by the Partnership

The Partnership paid the following cash distributions on the Series A Preferred Units during 2024, 2023 and 2022 (in thousands, except per unit data):

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​

​

​

​

​

​

​

​

​

​

​

​

​

For the

​

Per Unit

​

​

​

​

​

​

Cash Distribution

​

Quarterly Period

​

Cash

​

Total Cash

​

​

 

Payment Date

    

Covering

​

Distribution

    

Distribution

​

Rate

 

2022

​

​

​

​

​

​

​

​

​

​

​

2/15/2022

​

11/15/21 - 2/14/22

​

$

0.609375

​

$

1,682

​

9.75%

​

5/16/2022

​

2/15/22 - 5/14/22

​

​

0.609375

​

​

1,682

​

9.75%

​

8/15/2022

​

5/15/22 - 8/14/22

​

​

0.609375

​

​

1,682

​

9.75%

​

11/15/2022

​

8/15/22 - 11/14/22

​

​

0.609375

​

​

1,682

​

9.75%

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2023

​

​

​

​

​

​

​

​

​

​

​

2/15/2023

​

11/15/22 - 2/14/23

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$

0.609375

​

$

1,682

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9.75%

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5/15/2023

​

2/15/23 - 5/14/23

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​

0.609375

​

​

1,682

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9.75%

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8/15/2023

​

5/15/23 - 8/14/23

​

​

0.609375

​

​

1,682

​

9.75%

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11/15/2023

​

8/15/23 - 11/14/23

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​

0.77501

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​

2,139

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12.40%

​

2024

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​

​

​

​

​

​

​

​

​

​

2/15/2024

​

11/15/23 - 2/14/24

​

$

0.77596

​

$

2,142

​

10.42%

​

Series B Preferred Limited Partners  
Schedule of cash distributions made by the Partnership

The Partnership paid the following additional cash distributions on the Series B Preferred Units during 2024, 2023 and 2022 (in thousands, except per unit data):

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​

​

​

​

​

​

​

​

​

​

​

For the

    

Per Unit

    

​

​

 

Cash Distribution

​

Quarterly Period

​

Cash

​

Total Cash

 

Payment Date

    

Covering

    

Distribution

    

Distribution

 

2022

​

​

​

​

​

​

​

​

​

2/15/2022

​

11/15/21 - 2/14/22

​

$

0.59375

​

$

1,781

​

5/16/2022

​

2/15/22 - 5/14/22

​

​

0.59375

​

​

1,781

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8/15/2022

​

5/15/22 - 8/14/22

​

​

0.59375

​

​

1,781

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11/15/2022

​

8/15/22 - 11/14/22

​

​

0.59375

​

​

1,781

​

2023

​

​

​

​

​

​

​

​

​

2/15/2023

​

11/15/22 - 2/14/23

​

$

0.59375

​

$

1,781

​

5/15/2023

​

2/15/23 - 5/14/23

​

​

0.59375

​

​

1,781

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8/15/2023

​

5/15/23 - 8/14/23

​

​

0.59375

​

​

1,781

​

11/15/2023

​

8/15/23 - 11/14/23

​

​

0.59375

​

​

1,781

​

2024

​

​

​

​

​

​

​

​

​

2/15/2024

​

11/15/23 - 2/14/24

​

$

0.59375

​

$

1,781

​

5/15/2024

​

2/15/24 - 5/14/24

​

​

0.59375

​

​

1,781

​

8/15/2024

​

5/15/24 - 8/14/24

​

​

0.59375

​

​

1,781

​

11/15/2024

​

8/15/24 - 11/14/24

​

​

0.59375

​

​

1,781

​