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Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Net revenues:    
Affiliates (1) [1] $ 106,699 $ 62,965
Third party 56,702 89,518
Net revenues 163,401 152,483
Cost of sales:    
Cost of materials and other 101,293 96,265
Operating expenses (excluding depreciation and amortization presented below) 13,954 15,307
Depreciation and amortization 5,803 6,124
Total cost of sales 121,050 117,696
Operating expenses (excluding depreciation and amortization presented below) 790 751
General and administrative expenses 6,130 4,473
Depreciation and amortization 496 450
Other operating expense (income), net (107) 2
Total operating costs and expenses 128,359 123,372
Operating income 35,042 29,111
Interest expense, net 11,824 11,301
Income from equity method investments (5,553) (1,951)
Total non-operating expenses, net 6,271 9,350
Income before income tax expense 28,771 19,761
Income tax expense 975 65
Net income attributable to partners 27,796 19,696
Comprehensive income attributable to partners 27,796 19,696
Less: General partner's interest in net income, including incentive distribution rights 9,077 7,270
Limited partners' interest in net income $ 18,719 $ 12,426
Net income per limited partner unit:    
Common units - (basic) (in dollars per share) $ 0.76 $ 0.51
Common units - (diluted) (in dollars per share) $ 0.76 $ 0.51
Weighted average limited partner units outstanding:    
Common units - (basic) (in shares) 24,480,570 24,407,168
Common units - (diluted) (in shares) 24,485,336 24,416,058
Cash distributions per limited partner unit (in dollars per share) $ 0.890 $ 0.820
[1]
See Note 3 for a description of our material affiliate revenue transactions.