XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands, shares in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenue    
Third parties $ 800 $ 1,000
Related parties 28,800 29,700
Total revenue 29,600 30,700
Costs and expenses    
Operating expenses – third parties 3,500 3,700
Operating expenses – related parties 1,200 1,500
Maintenance expenses – related parties 0 100
General and administrative – third parties 600 900
General and administrative – related parties 4,000 3,900
Depreciation 700 700
Property and other taxes 200 100
Total costs and expenses 11,000 11,100
Operating income 18,600 19,600
Income from equity method investments 30,300 31,300
Interest expense, net 1,100 3,400
Net income 47,800 47,500
Less: Net income attributable to non-controlling interests 5,800 5,800
Net income attributable to the Partnership 42,000 41,700
Limited Partners Common Units    
Costs and expenses    
Net income attributable to the Partnership $ 31,300 $ 20,300
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) $ 0.39 $ 0.39
Limited Partners Subordinated Units    
Costs and expenses    
Net income attributable to the Partnership $ 9,500 $ 20,200
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) $ 0.18 $ 0.39
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
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) 32.6 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
Maintenance    
Costs and expenses    
Maintenance expenses – third parties $ 800 $ 200