Equity Investments

9 Months Ended

Sep. 30, 2023

Equity Method Investments and Joint Ventures [Abstract]

Equity Investments

7. EQUITY INVESTMENTS

The following table presents the financial statement impact of the Partnership’s equity investments for the nine months ended September 30, 2023:

thousands	Balance at December 31, 2022		Equity income, net		Contributions		Distributions		Distributions in excess of cumulative earnings (1)		Balance at September 30, 2023
White Cliffs	$	16,095	$	1,495	$	—	$	(1,120)	$	(2,387)	$	14,083
Rendezvous	16,114		(1,976)		—		(469)		(1,598)		12,071
Mont Belvieu JV	91,310		16,549		—		(16,577)		(3,103)		88,179
TEG	15,856		3,183		700		(3,200)		(976)		15,563
TEP	184,687		28,579		—		(28,767)		(9,239)		175,260
FRP	192,716		34,785		—		(34,916)		(4,447)		188,138
Whitethorn LLC	146,595		(3,295)		132		3,579		(1,083)		145,928
Saddlehorn	104,191		17,597		—		(17,253)		(2,722)		101,813
Panola	19,311		1,844		—		(1,974)		(169)		19,012
Mi Vida	48,862		7,212		—		(4,334)		(4,357)		47,383
Red Bluff Express	108,959		10,866		321		(10,866)		(1,634)		107,646
Total	$	944,696	$	116,839	$	1,153	$	(115,897)	$	(31,715)	$	915,076

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(1)Distributions in excess of cumulative earnings, classified as investing cash flows in the consolidated statements of cash flows, are calculated on an individual-investment basis.