UNITHOLDERS’ EQUITY AND DISTRIBUTIONS (Tables)

3 Months Ended

Mar. 31, 2023

Equity [Abstract]

Schedule of Cash Distributions

The following table presents information regarding cash distributions approved by the board of directors of the General Partner for the periods presented (in thousands, except for per share amounts):

Period	Amount per Operating Company Unit		Operating Company Distributions to Diamondback		Amount per Common Unit		Distributions to Common Unitholders(1)		Declaration Date	Unitholder Record Date	Payment Date
Q4 2022	$	0.54	$	48,983	$	0.49	$	35,683	February 15, 2023	March 3, 2023	March 10, 2023

(1)Includes amounts paid to Diamondback for the 731,500 common units beneficially owned by Diamondback and distribution equivalent rights payments.

Schedule of Change in Ownership Interest

The following table summarizes the changes in common unitholder equity due to changes in ownership interest during the period:

	Three Months Ended March 31,
	2023		2022
	(In thousands)
Net income (loss) attributable to the Partnership	$	33,967	$	16,605
Change in ownership of consolidated subsidiaries	11,449		14,195
Change from net income (loss) attributable to the Partnership's unitholders and transfers to non-controlling interest	$	45,416	$	30,800