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SUBSEQUENT EVENTS
9 Months Ended
Sep. 30, 2022
SUBSEQUENT EVENTS  
SUBSEQUENT EVENTS

NOTE 16—SUBSEQUENT EVENTS

The Partnership has evaluated events that occurred subsequent to September 30, 2022 in the preparation of its unaudited interim consolidated financial statements.

Distributions

On November 3, 2022, the Board of Directors declared a quarterly cash distribution of $0.49 per common unit and $0.509479 per OpCo common unit for the quarter ended September 30, 2022. The Partnership intends to pay this distribution on November 21, 2022 to common unitholders and OpCo common unitholders of record as of the close of business on November 14, 2022.

As to the Partnership, $0.019479 of the OpCo common unit distribution corresponds to a tax payment made by the Partnership in the third quarter of 2022. Under the limited liability company agreement of the Operating Company, the Partnership is not reimbursed by the Operating Company for federal income taxes paid by the Partnership.