Equity Investments (Tables)

6 Months Ended

Jun. 30, 2024

Equity Method Investments and Joint Ventures [Abstract]

The following table presents the financial statement impact of the Partnership’s equity investments for the six months ended June 30, 2024:


thousands	Balance at December 31, 2023		Equity income, net		Distributions		Distributions in excess of cumulative earnings (1)		Acquisitions and Divestitures (2)		Balance at June 30, 2024
White Cliffs	$	13,248	$	2,453	$	(2,453)	$	(1,676)	$	—	$	11,572
Rendezvous	10,815		(1,112)		(517)		(841)		—		8,345
Mont Belvieu JV	88,556		51		(442)		(6,047)		(82,118)		—
TEG	15,185		404		(415)		(311)		—		14,863
TEP	172,559		15,037		(15,055)		(635)		—		171,906
FRP	186,551		23,699		(23,786)		(4,741)		—		181,723
Whitethorn LLC	144,799		1,185		3,326		(4,924)		(144,386)		—
Saddlehorn	101,760		4,200		(4,124)		(3,096)		(98,740)		—
Panola	18,716		74		(74)		(1,021)		(17,695)		—
Mi Vida	45,424		4,975		(4,180)		—		—		46,219
Red Bluff Express	106,922		9,284		(9,284)		(1,011)		—		105,911
Total	$	904,535	$	60,250	$	(57,004)	$	(24,303)	$	(342,939)	$	540,539

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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.

(2)See Note 3.