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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands, shares in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenue        
Third parties $ 600 $ 700 $ 2,400 $ 2,200
Related parties 33,100 33,900 93,500 91,200
Total revenue 33,700 34,600 95,900 93,400
Costs and expenses        
Operating expenses – third parties 3,600 3,900 10,400 10,600
Operating expenses – related parties 1,300 1,400 4,100 4,300
Maintenance expenses – related parties 100 0 300 100
General and administrative – third parties 400 600 2,000 2,000
General and administrative – related parties 3,500 3,500 11,000 10,600
Depreciation 700 700 2,000 2,000
Impairment and other, net 0 0 0 1,000
Property and other taxes 200 100 500 400
Total costs and expenses 10,100 10,500 32,200 32,200
Operating income 23,600 24,100 63,700 61,200
Income from equity method investments 27,600 30,100 85,700 83,300
Interest expense, net 1,500 3,800 6,800 11,300
Net income 49,700 50,400 142,600 133,200
Less: Net income attributable to non-controlling interests 4,400 4,700 15,000 13,000
Net income attributable to the Partnership 45,300 45,700 127,600 120,200
Limited Partners Common Units        
Costs and expenses        
Net income attributable to the Partnership $ 22,000 $ 22,500 $ 62,000 $ 59,500
Net income attributable to the Partnership per limited partner unit – basic and diluted (in dollars):        
Net income attributable to the Partnership per limited partner unit – basic and diluted (in dollars per share) $ 0.42 $ 0.43 $ 1.19 $ 1.13
Limited Partners Subordinated Units        
Costs and expenses        
Net income attributable to the Partnership $ 22,100 $ 22,500 $ 62,000 $ 59,400
Net income attributable to the Partnership per limited partner unit – basic and diluted (in dollars):        
Net income attributable to the Partnership per limited partner unit – basic and diluted (in dollars per share) $ 0.42 $ 0.43 $ 1.19 $ 1.13
Common Units Public        
Weighted average number of limited partner units outstanding - basic and diluted (in millions):        
Weighted average number of limited partner units outstanding - basic and diluted (in shares) 47.8 47.8 47.8 47.8
BP Holdco | Common Units BP Holdco        
Weighted average number of limited partner units outstanding - basic and diluted (in millions):        
Weighted average number of limited partner units outstanding - basic and diluted (in shares) 4.6 4.6 4.6 4.6
BP Holdco | Subordinated Units        
Weighted average number of limited partner units outstanding - basic and diluted (in millions):        
Weighted average number of limited partner units outstanding - basic and diluted (in shares) 52.4 52.4 52.4 52.4
Maintenance        
Costs and expenses        
Maintenance expenses – third parties $ 300 $ 300 $ 1,900 $ 1,200