v3.26.1
Net Income Per Common Unit - Reconciliation of Net Income and Weighted-Average Units Used in Computing Basic and Diluted Net Income Per Common Unit (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Mar. 31, 2026
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2026
Jun. 30, 2025
Numerator:            
Distributions paid on common units $ 20,031   $ 20,001   $ 40,052 $ 39,982
Allocation of distributions in excess of net income 71   4,487   (9,985) (23,274)
Limited partners' interest in net income - basic 20,102   24,488   30,067 16,708
Accretion of preferred membership interests 710 $ 694 680 [1] $ 665 1,404 1,345
Limited partners' interest in net income - diluted $ 20,102   $ 25,168   $ 30,067 $ 16,708
Denominator:            
Weighted-average common units outstanding - basic 38,154,331   38,097,513   38,148,481 38,085,815
Adjustment for phantom and phantom performance units 169,625   174,674   169,586 175,093
Adjustment for preferred membership interests [1]     1,273,291      
Weighted-average common units outstanding - diluted 38,323,956   39,545,478   38,318,067 38,260,908
Net income per common unit - basic $ 0.53   $ 0.64   $ 0.79 $ 0.44
Net income per common unit - diluted 0.52   0.64   0.78 0.44
Distributions paid per common unit 0.525   0.525   1.05 1.05
Distributions declared (with respect to each respective period) per common unit $ 0.525   $ 0.525   $ 1.05 $ 1.05
[1] For the three and six months ended June 30, 2026, 1,329,127 potentially dilutive units related to the preferred membership interests were excluded from the calculation of diluted earnings per unit because including them would have been antidilutive.

 

For the three months ended June 30, 2025, dilutive units related to the preferred membership interests were included in the denominator of the calculation of diluted earnings per unit. Similarly, the accretion of the preferred membership interests was added back in the numerator of the calculation as if the preferred membership interests had been converted to common units at the beginning of the period, in which case no accretion would have been recorded.

 

For the six months ended June 30, 2025, 1,273,291 potentially dilutive units related to the preferred membership interests were excluded from the calculation of diluted earnings per unit because including them would have been antidilutive.