v3.26.1
Partners' Equity and Cash Distributions (Tables)
6 Months Ended
Jun. 30, 2026
Schedule of quarterly cash distributions to the unitholders and the General Partner based on target levels

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Marginal Percentage

 

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Total Quarterly Distribution

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Interest in Distributions

 

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Target Amount

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Unitholders

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General Partner

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First Target Distribution

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up to $0.4625

 

99.33

%  

0.67

%

Second Target Distribution

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above $0.4625 up to $0.5375

 

86.33

%  

13.67

%

Third Target Distribution

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above $0.5375 up to $0.6625

 

76.33

%  

23.67

%

Thereafter

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above $0.6625

 

51.33

%  

48.67

%

Common Limited Partners  
Schedule of cash distributions made by the Partnership

The Partnership paid the following cash distributions to common unitholders during 2026 (in thousands, except per unit data):

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For the

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Per Unit

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Cash Distribution

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Quarter

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Cash

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Common

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General

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Incentive

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Total Cash

 

Payment Date

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Ended

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Distribution

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Units

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Partner

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Distribution

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Distribution

 

2/13/2026 (1)

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12/31/25

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$

0.7600

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$

25,836

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$

207

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$

4,765

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$

30,808

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5/15/2026 (1)

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03/31/26

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0.7650

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26,007

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209

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4,923

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31,139

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(1)This distribution resulted in the Partnership exceeding its third target level distribution for this quarter. As a result, the General Partner, as the holder of the IDRs, received an incentive distribution.
Series B Preferred Limited Partners  
Schedule of cash distributions made by the Partnership

The Partnership paid the following cash distributions on the Series B Preferred Units during the six months ended June 30, 2026 (in thousands, except per unit data):

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For the

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Per Unit

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Cash Distribution

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Quarterly Period

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Cash

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Total Cash

 

Payment Date

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Covering

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Distribution

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Distribution

 

2/17/2026

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11/15/25 - 2/14/26

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$

0.59375

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$

1,781

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5/15/2026

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2/15/26 - 5/14/26

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0.59375

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1,781

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