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Equity and Partners' Capital (Tables)
9 Months Ended
Sep. 30, 2025
Partners' Capital Notes [Abstract]  
Calculation of Net Income (Loss) Per Unit Table
The following table provides a reconciliation between basic and diluted net income (loss) per common unit:
Three Months Ended 
September 30,
Nine Months Ended 
September 30,
thousands except per-unit amounts2025202420252024
Net income (loss)
Limited partners’ interest in net income (loss)$331,730 $281,772 $967,317 $1,211,113 
Weighted-average common units outstanding
Basic381,330 380,513 381,216 380,343 
Dilutive effect of non-vested phantom units1,458 2,107 1,414 1,846 
Diluted382,788 382,620 382,630 382,189 
Excluded due to anti-dilutive effect —  
Net income (loss) per common unit
Basic$0.87 $0.74 $2.54 $3.18 
Diluted$0.87 $0.74 $2.53 $3.17