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EARNINGS PER UNIT
 9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
EARNINGS PER UNIT EARNINGS PER UNIT    
The Partnership applies the two-class method for purposes of calculating earnings per unit (“EPU”). The holders of the Partnership’s restricted common units have all the rights of a unitholder, including non-forfeitable distribution rights. As participating securities, the restricted common units are included in the calculation of basic earnings per unit. For the periods presented, the amount of earnings allocated to these participating units was not material.
Net income (loss) attributable to the Partnership is allocated to the Partnership’s general partner and the common unitholders in proportion to their pro rata ownership after giving effect to distributions, if any, declared during the period.
The Partnership assesses the Series B cumulative convertible preferred units on an as-converted basis for the purpose of calculating diluted EPU. The Partnership’s restricted performance unit awards are contingently issuable units that are considered in the calculation of diluted EPU. The Partnership assesses the number of units that would be issuable, if any, under the terms of the arrangement if the end of the reporting period were the end of the contingency period.
The following table sets forth the computation of basic and diluted earnings per common unit:
 Three Months Ended September 30,Nine Months Ended September 30,
 2024202320242023
 (in thousands, except per unit amounts)
NET INCOME (LOSS)$92,731 $62,067 $224,980 $274,902 
Distributions on Series B cumulative convertible preferred units(7,366)(5,250)(22,099)(15,750)
NET INCOME (LOSS) ATTRIBUTABLE TO THE GENERAL PARTNER AND COMMON UNITS$85,365 $56,817 $202,881 $259,152 
ALLOCATION OF NET INCOME (LOSS):  
General partner interest$— $— $— $— 
Common units85,365 56,817 202,881 259,152 
 $85,365 $56,817 $202,881 $259,152 
NUMERATOR:
Numerator for basic EPU - Net income (loss) attributable to common unitholders$85,365 $56,817 $202,881 $259,152 
Effect of dilutive securities— — — 15,750 
Numerator for diluted EPU - Net income (loss) attributable to common unitholders after the effect of dilutive securities$85,365 $56,817 $202,881 $274,902 
DENOMINATOR:
Denominator for basic EPU - weighted average common units outstanding (basic)210,687 209,982 210,680 209,963 
Effect of dilutive securities
— — — 14,969 
Denominator for diluted EPU - weighted average number of common units outstanding after the effect of dilutive securities210,687 209,982 210,680 224,932 
NET INCOME (LOSS) ATTRIBUTABLE TO LIMITED PARTNERS PER COMMON UNIT:  
Per common unit (basic)$0.41 $0.27 $0.96 $1.23 
Per common unit (diluted)$0.41 $0.27 $0.96 $1.22 

The following units of potentially dilutive securities were excluded from the computation of diluted weighted average units outstanding because their inclusion would be anti-dilutive:
 Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
(in thousands)
Potentially dilutive securities (common units):
Series B cumulative convertible preferred units on an as-converted basis
15,072 14,969 15,072 —