| Dec'19 | Dec'18 | Dec'17 | Dec'16 | |||
|---|---|---|---|---|---|---|
Revenue | ||||||
Revenue from contracts - third party | ||||||
3,032 | 2,836 | - | - | |||
Third parties | ||||||
128,468 | 116,431 | 2,204 | 4,845 | |||
Related parties | ||||||
125,436 | 113,603 | 105,947 | 98,158 | |||
Total revenue | ||||||
128,468 | 116,439 | 108,151 | 103,003 | |||
Costs and expenses | ||||||
Operating expenses – third parties | ||||||
14,164 | 11,482 | 9,094 | 8,111 | |||
Operating expenses – related parties | ||||||
5,813 | 5,006 | 7,073 | 6,030 | |||
Maintenance expenses – related parties | ||||||
268 | 97 | 461 | 455 | |||
General and administrative – third parties | ||||||
2,743 | 4,582 | 895 | 169 | |||
General and administrative – related parties | ||||||
14,124 | 14,072 | 6,670 | 7,990 | |||
Lease expense | ||||||
71 | 61 | - | - | |||
Depreciation | ||||||
2,630 | 2,658 | 2,673 | 2,604 | |||
Impairment and other, net | ||||||
1,000 | 0 | - | - | |||
Property and other taxes | ||||||
722 | 483 | 393 | 366 | |||
Gain from disposition of property, plant and equipment | ||||||
0 | 0 | 5 | 0 | |||
Total costs and expenses | ||||||
43,021 | 41,081 | 31,691 | 28,188 | |||
Operating income | ||||||
85,447 | 75,358 | 76,460 | 74,815 | |||
Income from equity method investments | ||||||
116,747 | 94,361 | 17,916 | 0 | |||
Other income | ||||||
0 | 0 | 25 | 520 | |||
Interest expense, net | ||||||
-15,127 | -4,043 | -107 | 0 | |||
Income before income taxes | ||||||
187,067 | 165,676 | 94,294 | 75,335 | |||
Income tax expense | ||||||
0 | 0 | 25,318 | 29,465 | |||
Net income | ||||||
187,067 | 165,676 | 68,976 | 45,870 | |||
Less: Predecessor net income prior to the IPO on October 30, 2017 | ||||||
0 | 0 | -39,102 | - | |||
Net income subsequent to the IPO | ||||||
187,067 | 165,676 | 29,874 | - | |||
Less: Net income attributable to non-controlling interests | ||||||
- | - | 8,099 | - | |||
Net income attributable to the Partnership | ||||||
167,884 | 133,057 | 21,775 | - | |||
Net income attributable to the Partnership per limited partner unit – basic and diluted (in dollars): | ||||||
Distribution Per Limited Partner Unit [Abstract] | ||||||
Weighted average number of limited partner units outstanding - basic and diluted (in millions): | ||||||
Maintenance | ||||||
Maintenance expenses – third parties | ||||||
1,486 | 2,640 | 4,437 | 2,463 | |||
Limited Partners Common Units | ||||||
Net income attributable to the Partnership | ||||||
82,697 | 66,530 | - | - | |||
Net income attributable to the Partnership per limited partner unit – basic and diluted (in dollars per share) | ||||||
1.58 | 1.27 | 0.21 | - | |||
Limited Partners Subordinated Units | ||||||
Net income attributable to the Partnership | ||||||
82,681 | 66,527 | - | - | |||
Net income attributable to the Partnership per limited partner unit – basic and diluted (in dollars per share) | ||||||
1.58 | 1.27 | 0.21 | - | |||
Limited Partners Common Units [Member] | ||||||
Distribution made per limited partner unit (in dollars per share) | ||||||
- | - | 0.17 | - | |||
Limited Partners Subordinated Units [Member] | ||||||
Distribution made per limited partner unit (in dollars per share) | ||||||
- | - | 0.17 | - | |||
Common Units Public | ||||||
Weighted average number of limited partner units outstanding - basic and diluted (in shares) | ||||||
47,800 | 47,800 | 47,800 | - | |||