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Cash Distributions and Earnings per Unit (Tables)
6 Months Ended
Jun. 30, 2024
Cash Distributions And Earnings Per Unit  
Cash Distributions and Earnings per Unit - Schedule of Incentive Distributions Made To General Partners Or Unitholders By Distribution

 

 

 

Marginal Percentage Interest in Distributions

 

 

Total Quarterly Distribution Target Amount

 

Common Unitholders

 

 

Incentive Distribution Right Holder

 

 

General Partner

 

Minimum Quarterly Distribution

 

up to $5.25

 

 

98

%

 

 

 

 

 

2

%

First Target Distribution

 

up to $6.0375

 

 

98

%

 

 

 

 

 

2

%

Second Target Distribution

 

above $6.0375 up to $6.5625

 

 

85

%

 

 

13

%

 

 

2

%

Third Target Distribution

 

above $6.5625 up to $7.875

 

 

75

%

 

 

23

%

 

 

2

%

Thereafter

 

above $7.875

 

 

50

%

 

 

48

%

 

 

2

%

Cash Distributions and Earnings per Unit - Schedule of Earnings per Unit, Basic and Diluted

 

Three Month Period Ended June 30, 2024

 

 

Three Month Period Ended June 30, 2023

 

 

Six Month Period Ended June 30, 2024

 

 

Six Month Period Ended June 30, 2023

 

 

(unaudited)

 

 

(unaudited)

 

 

(unaudited)

 

 

(unaudited)

 

Net income

 

$

101,469

 

 

$

112,308

 

 

$

174,830

 

 

$

211,473

 

Income attributable to:

 

 

 

 

 

 

 

 

 

 

 

 

Common unitholders

 

$

99,439

 

 

$

110,062

 

 

$

171,333

 

 

$

207,245

 

Weighted average units outstanding basic

 

 

 

 

 

 

 

 

 

 

 

 

Common unitholders

 

 

30,162,905

 

 

 

30,183,387

 

 

 

30,173,646

 

 

 

30,183,387

 

Earnings per unit basic:

 

 

 

 

 

 

 

 

 

 

 

 

Common unitholders

 

$

3.30

 

 

$

3.65

 

 

$

5.68

 

 

$

6.87

 

Weighted average units outstanding diluted

 

 

 

 

 

 

 

 

 

 

 

 

Common unitholders

 

 

30,162,905

 

 

 

30,184,388

 

 

 

30,173,646

 

 

 

30,184,388

 

Earnings per unit diluted:

 

 

 

 

 

 

 

 

 

 

 

 

Common unitholders

 

$

3.30

 

 

$

3.65

 

 

$

5.68

 

 

$

6.87

 

Earnings per unit distributed basic:

 

 

 

 

 

 

 

 

 

 

 

 

Common unitholders

 

$

0.05

 

 

$

0.05

 

 

$

0.10

 

 

$

0.10

 

Earnings per unit distributed diluted:

 

 

 

 

 

 

 

 

 

 

 

 

Common unitholders

 

$

0.05

 

 

$

0.05

 

 

$

0.10

 

 

$

0.10