XML 26 R13.htm IDEA: XBRL DOCUMENT v3.20.2
Partners' Equity
 6 Months Ended
Jun. 30, 2020
Equity [Abstract]  
Partners' Equity Partners’ Equity
The Partnership Agreement requires that, within 60 days after the end of each quarter, the Partnership distribute all of its available cash (as defined in the Partnership Agreement) to unitholders of record on the applicable record date.

The Partnership paid or has authorized payment of the following cash distributions to common unitholders, as applicable, during 2020 and 2019 (in millions, except for per unit amounts):
Three Months EndedRecord DatePayment DatePer Unit DistributionTotal Cash Distribution
June 30, 2020 (1)
August 18, 2020August 25, 2020$0.16525  $72  
March 31, 2020May 19, 2020May 27, 20200.16525  72  
December 31, 2019February 18, 2020February 25, 20200.3305  144  
September 30, 2019November 19, 2019November 26, 20190.3305  144  
June 30, 2019August 20, 2019August 27, 20190.3305  144  
March 31, 2019May 21, 2019May 29, 20190.318  138  
_____________________
(1)The Board of Directors declared a $0.16525 per common unit cash distribution on August 4, 2020, to be paid on August 25, 2020 to common unitholders of record at the close of business on August 18, 2020.
The Partnership paid or has authorized payment of the following cash distributions to holders of the Series A Preferred Units during 2020 and 2019 (in millions, except for per unit amounts):
Three Months EndedRecord DatePayment DatePer Unit DistributionTotal Cash Distribution
June 30, 2020 (1)
August 4, 2020August 14, 2020$0.625  $9  
March 31, 2020May 5, 2020May 15, 20200.625  9  
December 31, 2019February 7, 2020February 14, 20200.625  9  
September 30, 2019November 5, 2019November 14, 20190.625  9  
June 30, 2019August 2, 2019August 14, 20190.625  9  
March 31, 2019April 29, 2019May 15, 20190.625  9  
_____________________
(1)The Board of Directors declared a $0.625 per Series A Preferred Unit cash distribution on August 4, 2020, to be paid on August 14, 2020, to Series A Preferred unitholders of record at the close of business on August 4, 2020.

ATM Program

On May 12, 2017, the Partnership entered into an ATM Equity Offering Sales Agreement, pursuant to which the Partnership may issue and sell common units having an aggregate offering price of up to $200 million, by sales methods and at prices determined by market conditions and other factors at the time of our offerings. The registration statement filed with the SEC for the ATM Program expired on May 12, 2020, and the Partnership did not file a replacement registration statement.