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Partnership Income, Expenses and Distributions (Tables)
12 Months Ended
Dec. 31, 2023
Partnership Income Expenses And Cash Distributions [Abstract]  
Schedule of Distributions Declared per Beneficial Unit Certificates

Cash distributions per BUC declared during the years ended December 31, 2023 and 2022 were as follows:

 

 

For the Years Ended December 31,

 

 

 

2023

 

 

2022

 

Cash distributions (1)

 

$

1.466

 

 

$

1.687

 

(1)
All cash distributions per BUC amounts above have been retroactively adjusted for the 2022 BUCs Distributions and the 2023 BUCs Distributions on a retroactive basis.
Summary of Beneficial Unit Certificates Distributions Declared

The following table summarizes the BUCs Distributions declared during the years ended December 31, 2023 and 2022:

 

 

BUCs Distribution

 

 

Declaration Date

 

Record Date

 

Payment Date

 

Payment Ratio (1)

 

2023 BUCs Distributions

 

 

 

 

 

 

 

 

 

 

 

 

Second Quarter 2023 BUCs Distribution

 

$

0.07

 

 

6/14/2023

 

6/30/2023

 

7/31/2023

 

 

0.00448

 

Third Quarter 2023 BUCs Distribution

 

 

0.07

 

 

9/13/2023

 

9/29/2023

 

10/31/2023

 

 

0.00418

 

Fourth Quarter 2023 BUCs Distribution

 

 

0.07

 

 

12/13/2023

 

12/29/2023

 

1/31/2024

 

 

0.00415

 

subtotal

 

 

0.21

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2022 BUCs Distributions

 

 

 

 

 

 

 

 

 

 

 

 

Third Quarter 2022 BUCs Distribution

 

$

0.20

 

 

9/14/2022

 

9/30/2022

 

10/31/2022

 

 

0.01044

 

Fourth Quarter 2022 BUCs Distribution

 

 

0.20

 

 

12/19/2022

 

12/30/2022

 

1/31/2023

 

 

0.01050

 

subtotal

 

 

0.40

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

0.61

 

 

 

 

 

 

 

 

 

 

 

(1)
The ratio represents the number of BUCs distributed for each BUC outstanding as of the respective record dates. The ratio was determined based on the closing BUC price on the NYSE on the day prior to the respective declaration dates.