Evolve Transition Infrastructure (SNMP) 10-Q11 Aug 232023 Q2 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares	6 Months Ended
Cover - shares	Jun. 30, 2023	Aug. 09, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2023
Document Transition Report	false
Entity File Number	001-33147
Entity Registrant Name	Evolve Transition Infrastructure LP
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	11-3742489
Entity Address, Address Line One	1360 Post Oak Blvd, Suite 2400
Entity Address, City or Town	Houston
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77056
City Area Code	713
Local Phone Number	783-8000
Title of 12(b) Security	Common Units
Trading Symbol	SNMP
Security Exchange Name	NYSEAMER
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		8,451,572
Entity Central Index Key	0001362705
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Amendment Flag	false

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Revenues
Gathering and transportation lease revenues		$ 6,042	$ 7,330	$ 12,414	$ 22,430
Total revenues		6,042	7,330	12,414	22,430
Operating expenses
Transportation operating expenses		2,424	2,530	4,942	4,637
General and administrative expenses		1,964	2,965	4,348	5,800
General and administrative benefit - related entities		(3,829)	(1,137)	(1,932)	(1,592)
Unit-based compensation expense		11	0	22	53
Loss on sale of assets		0	2,200	0	4,408
Depreciation and amortization		4,442	4,495	8,886	9,634
Accretion expense		113	104	225	206
Total operating expenses		5,125	11,157	16,491	23,146
Other (income) expense
Earnings from equity investment		(307)	(1,920)	(452)	(5,311)
Other (income) expense		0	85	(2)	742
Total other expenses		10,835	12,737	28,042	25,514
Total expenses		15,960	23,894	44,533	48,660
Loss before income taxes		(9,918)	(16,564)	(32,119)	(26,230)
Income tax expense		18	6	38	72
Net loss		$ (9,936)	$ (16,570)	$ (32,157)	$ (26,302)
Net loss per unit prior to conversion
Common units - Basic (in dollars per share)		$ (0.04)	$ (0.12)	$ (0.15)	$ (0.20)
Common units - Diluted (in dollars per share)		$ (0.04)	$ (0.12)	$ (0.15)	$ (0.20)
Weighted Average Units Outstanding prior to conversion
Common Units - Basic (in units)		227,788,998	142,007,158	219,524,134	129,294,271
Common Units - Diluted (in units)		227,788,998	142,007,158	219,524,134	129,294,271
Net loss per unit after conversion
Common units - Basic (in dollars per share)	[1]	$ (1.31)	$ (3.50)	$ (4.39)	$ (6.10)
Common units - Diluted (in dollars per share)	[1]	$ (1.31)	$ (3.50)	$ (4.39)	$ (6.10)
Weighted Average Units Outstanding after conversion
Common units - Basic (in shares)	[1]	7,592,967	4,733,568	7,317,471	4,309,805
Common units - Diluted (in shares)	[1]	7,592,967	4,733,568	7,317,471	4,309,805
Nonrelated Party
Other (income) expense
Interest expense, net		$ 457	$ 498	$ 973	$ 1,034
Related Party
Other (income) expense
Interest expense, net		$ 10,685	$ 14,074	$ 27,523	$ 29,049

[1]Amounts adjusted for the one-for-thirty reverse split completed July 18, 2023. See Note 15 “Partners’ Deficit.”

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 3,445	$ 2,785
Accounts receivable	1,988	2,415
Prepaid expenses	871	371
Deferred lease incentive	1,122	1,122
Total current assets	7,426	6,693
Gathering and transportation assets, net	85,430	87,478
Intangible assets, net	101,278	106,752
Equity investments	15,032	14,964
Deferred lease incentive, net	9,252	9,813
Right of use assets, net	4,597	5,899
Other non-current assets	50	75
Total assets	223,065	231,674
Current liabilities
Accounts payable and accrued liabilities	2,746	4,675
Other current liabilities	438	438
Short-term debt, net of debt issuance costs	2,500	19,793
Short-term lease liabilities	2,258	2,204
Total current liabilities	434,659	438,910
Other liabilities
Asset retirement obligation	5,346	5,121
Long-term debt, net of discount and debt issuance costs	16,992	0
Long-term lease liabilities	1,630	2,773
Other liabilities	295	287
Total other liabilities	26,710	14,873
Total liabilities	461,369	453,783
Commitments and contingencies (See Note 12)
Partners’ deficit
Common units, 8,470,230(1) and 7,510,186(1) units issued and outstanding as of June 30, 2023 and December 31, 2022, respectively	(238,304)	(222,109)
Total partners’ deficit	(238,304)	(222,109)
Total liabilities and partners’ deficit	223,065	231,674
Affiliated Entity
Current liabilities
Class C preferred units - related entities	426,717	411,800
Other liabilities
Accrued shared services fees - related entities	1,907	3,839
Stonepeak warrant - related entities	$ 540	$ 2,853

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - shares		Jun. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Units, issued (in units)	[1]	8,470,230	7,510,186
Units, outstanding (in units)	[1]	8,470,230	7,510,186

[1]Amounts adjusted for the one-for-thirty reverse split completed July 18, 2023. See Note 15 “Partners’ Deficit.”

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash flows from operating activities:
Net loss	$ (32,157)	$ (26,302)
Adjustments to reconcile net loss to cash provided by operating activities:
Depreciation, depletion and amortization	3,412	3,531
Amortization of debt issuance costs	190	249
Class C distribution accrual	14,918	0
Accretion expense	224	206
Distributions from equity investments	384	9,478
Equity earnings in affiliate	(452)	(5,311)
Loss on sale of assets	0	4,408
Mark-to-market on Stonepeak Warrant - related entities	(2,313)	224
Loss on Nuvve Holding Warrants	0	664
Unit-based compensation	1,043	76
Amortization of deferred lease incentive	561	94
Amortization of intangible assets	5,474	6,102
Changes in operating assets and liabilities:
Accounts receivable	427	5,245
Prepaid expenses	(500)	(87)
Other assets	25	0
Accounts payable and accrued liabilities	(1,693)	66
Net cash provided by operating activities	2,538	25,323
Cash flows from investing activities:
Initial direct costs of right of use assets	(19)	(900)
Proceeds from sale of gathering and transportation assets	0	500
Construction of gathering and transportation assets	(1,368)	(151)
Net cash used in investing activities	(1,387)	(551)
Cash flows from financing activities:
Repayment of debt	(2,000)	(27,000)
Draw on revolving loan	1,800	3,000
Debt issuance costs	(291)	(30)
Net cash used in financing activities	(491)	(24,030)
Net increase in cash and cash equivalents	660	742
Cash and cash equivalents, beginning of period	2,785	1,675
Cash and cash equivalents, end of period	3,445	2,417
Non-cash investing and financing activities:
Change in accrued capital expenditures	(236)	(129)
Right of use assets and operating lease obligations recognized including adjustments	0	4,384
Supplemental disclosures of cash flow information:
Cash paid during the period for income tax	1	3
Cash paid during the period for interest	783	823
Related Party
Changes in operating assets and liabilities:
Other long-term liabilities	12,987	26,710
Nonrelated Party
Changes in operating assets and liabilities:
Other long-term liabilities	$ 8	$ (30)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Changes in Partners' Deficit - USD ($) $ in Thousands		Total	Common Units
Partner's Deficit (in shares) at Dec. 31, 2021	[1]		4,148,239
Partner's Deficit at Dec. 31, 2021		$ (225,120)	$ (225,120)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Unit-based compensation programs		76	$ 76
Common units issued as Class C Preferred distributions (in shares)	[1]		816,745
Common units issued as Class C Preferred distributions		12,869	$ 12,869
Net loss		(9,732)	$ (9,732)
Partner's Deficit (in shares) at Mar. 31, 2022	[1]		4,964,984
Partner's Deficit at Mar. 31, 2022		(221,907)	$ (221,907)
Partner's Deficit (in shares) at Dec. 31, 2021	[1]		4,148,239
Partner's Deficit at Dec. 31, 2021		(225,120)	$ (225,120)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss		(26,302)
Partner's Deficit (in shares) at Jun. 30, 2022	[1]		5,789,048
Partner's Deficit at Jun. 30, 2022		(224,100)	$ (224,100)
Partner's Deficit (in shares) at Mar. 31, 2022	[1]		4,964,984
Partner's Deficit at Mar. 31, 2022		(221,907)	$ (221,907)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common units issued as Class C Preferred distributions (in shares)	[1]		824,064
Common units issued as Class C Preferred distributions		14,377	$ 14,377
Net loss		(16,570)	$ (16,570)
Partner's Deficit (in shares) at Jun. 30, 2022	[1]		5,789,048
Partner's Deficit at Jun. 30, 2022		(224,100)	$ (224,100)
Partner's Deficit (in shares) at Dec. 31, 2022	[1]		7,510,186
Partner's Deficit at Dec. 31, 2022		(222,109)	$ (222,109)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Unit-based compensation programs (in shares)	[1]		190,833
Unit-based compensation programs		1,032	$ 1,032
Net loss		(22,219)	$ (22,219)
Partner's Deficit (in shares) at Mar. 31, 2023	[1]		7,701,019
Partner's Deficit at Mar. 31, 2023		(243,296)	$ (243,296)
Partner's Deficit (in shares) at Dec. 31, 2022	[1]		7,510,186
Partner's Deficit at Dec. 31, 2022		(222,109)	$ (222,109)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss		(32,157)
Partner's Deficit (in shares) at Jun. 30, 2023	[1]		8,470,230
Partner's Deficit at Jun. 30, 2023		(238,304)	$ (238,304)
Partner's Deficit (in shares) at Mar. 31, 2023	[1]		7,701,019
Partner's Deficit at Mar. 31, 2023		(243,296)	$ (243,296)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Unit-based compensation programs		11	$ 11
Common units issued as Class C Preferred distributions (in shares)	[1]		769,211
Common units issued as Class C Preferred distributions		14,917	$ 14,917
Net loss		(9,936)	$ (9,936)
Partner's Deficit (in shares) at Jun. 30, 2023	[1]		8,470,230
Partner's Deficit at Jun. 30, 2023		$ (238,304)	$ (238,304)

[1]Amounts adjusted for the one-for-thirty reverse split completed July 18, 2023. See Note 15 “Partners’ Deficit.”

Organization and Business

Organization and Business	6 Months Ended
Organization and Business	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Business	ORGANIZATION AND BUSINESS Organization We are a publicly-traded limited partnership formed in 2005 focused on the acquisition, development, ownership and operation of infrastructure critical to the transition of energy supply to lower carbon sources. We own natural gas gathering systems, pipelines, and processing facilities in South Texas and continue to pursue energy transition infrastructure opportunities. Our common units are currently listed on the NYSE American under the symbol “SNMP.”

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Basis of Presentation and Summary of Significant Accounting Policies	BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation Accounting policies used by us conform to GAAP. The accompanying financial statements include the accounts of us and our wholly owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. These unaudited condensed consolidated financial statements have been prepared pursuant to the rules and regulations of the SEC. Certain information and footnote disclosures, normally included in annual financial statements prepared in accordance with GAAP, have been condensed or omitted pursuant to those rules and regulations. We believe that the disclosures made are adequate to make the information presented not misleading. In the opinion of management, all adjustments, consisting only of normal recurring adjustments, necessary to fairly state the financial position, results of operations and cash flows with respect to the interim condensed consolidated financial statements have been included. The results of operations for the interim periods are not necessarily indicative of the results for the entire year. Certain amounts from the prior period have been reclassified to confirm to current period presentation. These unaudited condensed consolidated financial statements should be read in conjunction with our audited consolidated financial statements and the notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2022, which was filed with the SEC on March 27, 2023. Recent Accounting Pronouncements From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board (“FASB”), which are adopted by us as of the specified effective date. Unless otherwise discussed, management believes that the impact of recently issued standards, which are not effective, will not have a material impact on our condensed consolidated financial statements upon adoption. In June 2016, the FASB issued ASU 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” This ASU modifies the impairment model to utilize an expected loss methodology in place of the currently used incurred loss methodology, which will result in more timely recognition of losses. Additionally, in November 2019, the FASB issued ASU 2019-10, “Financial Instruments – Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842): Effective Dates,” which changed the effective date for certain issuers to annual and interim periods in fiscal years beginning after December 15, 2022, and earlier adoption is permitted. The adoption of this standard did not have a material impact on our condensed consolidated financial statements. Other accounting standards that have been issued by the FASB or other standards-setting bodies are not expected to have a material impact on the Partnership’s financial position, results of operations and cash flows. Use of Estimates The condensed consolidated financial statements are prepared in conformity with GAAP, which requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. These estimates and the underlying assumptions affect the amounts of assets and liabilities reported, disclosures about contingent assets and liabilities and reported amounts of revenues and expenses. The estimates that are

Divestitures

Divestitures	6 Months Ended
Divestitures	Jun. 30, 2023
Discontinued Operations and Disposal Groups [Abstract]
Divestitures	DIVESTITURES Kodiak Sale On March 11, 2022, we entered into a purchase and sale agreement with Kodiak, pursuant to which we sold to Kodiak natural gas compression equipment for a purchase price of $250 thousand. We recorded a loss of approximately $2.2 million on the sale.

Revenue Recognition

Revenue Recognition	6 Months Ended
Revenue Recognition	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Revenue Recognition	REVENUE RECOGNITION Revenue from Contracts with Customers The unit of account in ASC 606 is a performance obligation, which is a promise in a contract to transfer to a customer either a distinct good or service (or bundle of goods or services) or a series of distinct goods or services provided over a period of time. ASC 606 requires that a contract’s transaction price, which is the amount of consideration to which an entity expects to be entitled in exchange for transferring promised goods or services to a customer, is to be allocated to each performance obligation in the contract based on relative standalone selling prices and recognized as revenue when (point in time) or as (over time) the performance obligation is satisfied. Disaggregation of Revenue The Gathering Agreement is classified as an operating lease and is accounted for under ASC 842, “Leases” and is reported as gathering and transportation lease revenues in our condensed consolidated statements of operations. During the three and six months ended June 30, 2023 we recognized revenue of approximately $6.0 million and $12.4 million, respectively, under ASC 842. On May 24, 2023, but deemed effective as of March 1, 2023, Mesquite assigned all of its assets, including its interests in Eastern Catarina and Western Catarina, to TBM Catarina (such transaction, the “Mesquite Assignment”). As a result of the Mesquite Assignment, Mesquite is no longer a customer, and going forward we will be dependent on TBM Catarina as the sole customer on the Catarina Gathering System. Mesquite, and subsequently TBM Catarina, accounted for 100% of total revenue for the three and six months ended June 30, 2023. During the three and six months ended June 30, 2023, we did not record any revenue under ASC 606. We disaggregate revenue based on revenue and product type. In selecting the disaggregation categories, we considered a number of factors, including disclosures presented outside the financial statements, such as in our earnings release and investor presentations, information reviewed internally for evaluating performance, and other factors used by the Partnership or the users of its financial statements to evaluate performance or allocate resources. We have concluded that disaggregating revenue by revenue and product type appropriately depicts how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors. We account for income from our unconsolidated equity method investments as earnings from equity investments in our condensed consolidated statements of operations. Earnings from these equity method investments are further discussed in Note 11 “Investments.” Contract Balances At June 30, 2023 and December 31, 2022, our gathering and transportation accounts receivable were approximately $1.9 million and $2.3 million, respectively, under ASC 842. On May 27, 2022, but effective as of April 1, 2022, we entered into the A&R Gathering Agreement, a related side letter agreement and the 2022 Settlement Agreement (collectively the “Settlement Documents”). We accounted for the Settlement Documents as a single contract modification of the Original Gathering Agreement under the contract combination guidance in ASC 842. Prior to the execution of the A&R Gathering Agreement, Mesquite disputed the tariff rate for interruptible throughput volumes from Eastern Catarina (as defined below) billed from July 1, 2021 forward, which resulted in a disputed receivable balance of approximately $26.7 million. Under the terms of the A&R Gathering Agreement and other agreements concurrently entered into, approximately $15.1 million of the disputed receivable balance was paid in cash. In addition, the A&R Gathering Agreement amended key provisions of the Original Gathering Agreement in a manner favorable to us. Principally, it provides for, among other things, a new dedication of the eastern portion of the acreage position in Dimmit, La Salle and Webb counties, Texas owned by TBM Catarina, as successor-in-interest to Mesquite pursuant to the Mesquite Assignment (“Eastern Catarina”), whereas only Western Catarina (as defined in Note 10 “Intangible Assets”) was dedicated under the Original Gathering Agreement. The A&R Gathering Agreement also established gathering and processing fee rates for both Western Catarina and Eastern Catarina as well as rates for new production from the Dedicated Acreage (as defined in the A&R Gathering Agreement) and from the Subject Wells (as defined in the A&R Gathering Agreement). In accordance with ASC 842, the portion of the disputed receivable balance of approximately $11.6 million we did not collect in cash was reclassified as a deferred lease incentive, reflective of the non-distinct nature of the contractual concessions received from TBM Catarina (as successor-in-interest to Mesquite pursuant to the Mesquite Assignment) in the A&R Gathering Agreement. The deferred lease incentive is being amortized over the remaining term of the A&R Gathering Agreement. Amortization of the deferred A&R Gathering Agreement lease incentive for the three and six months ended June 30, 2023, was approximately $0.3 million and $0.6 million, respectively. This amortization is recorded as a reduction to gathering and transportation lease revenues in our condensed consolidated statements of operations. Under our sales contracts, we invoice customers after our performance obligations have been satisfied, at which point payment is unconditional. Accordingly, our contracts do not give rise to contract assets or liabilities under ASC 606. At June 30, 2023 and December 31, 2022, our accounts receivables from contracts with customers was zero.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
Fair Value Measurements	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	FAIR VALUE MEASUREMENTS Measurements of fair value of derivative instruments are classified according to the fair value hierarchy, which prioritizes the inputs to the valuation techniques used to measure fair value. Fair value is the price that would be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value measurements are classified and disclosed in one of the following categories: Level 1: Measured based on unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. Active markets are considered those in which transactions for the assets or liabilities occur in sufficient frequency and volume to provide pricing information on an ongoing basis. Level 2: Measured based on quoted prices in markets that are not active, or inputs which are observable, either directly or indirectly, for substantially the full term of the asset or liability. Substantially all of these inputs are observable in the marketplace throughout the term of the instrument, can be derived from observable data, or supported by observable levels at which transactions are executed in the marketplace. Level 3: Measured based on prices or valuation models that require inputs that are both significant to the fair value measurement and less observable from objective sources (i.e., supported by little or no market activity). Financial assets and liabilities are classified based on the lowest level of input that is significant to the fair value measurement. Management’s assessment of the significance of a particular input to the fair value measurement requires judgment, and may affect the valuation of the fair value of assets and liabilities and their placement within the fair value hierarchy levels. The following table summarizes the fair value of our assets and liabilities that were accounted for at fair value on a recurring basis as of June 30, 2023 (in thousands): Fair Value Measurements at June 30, 2023 Active Markets for Observable Unobservable Inputs Fair Value Fair value of warrants Nuvve Holding Warrants $ — $ — $ — $ — Other liabilities Stonepeak Warrant — (540) — (540) Total $ — $ (540) $ — $ (540) The following table summarizes the fair value of our assets and liabilities that were accounted for at fair value on a recurring basis as of December 31, 2022 (in thousands): Fair Value Measurements at December 31, 2022 Active Markets for Observable Unobservable Inputs Fair Value Fair value of warrants Nuvve Holding Warrants $ — $ — $ — $ — Other liabilities Stonepeak Warrant — (2,853) — (2,853) Total $ — $ (2,853) $ — $ (2,853) As of June 30, 2023 and December 31, 2022, the estimated fair value of cash and cash equivalents, accounts receivable, other current assets and current liabilities approximated their carrying value due to their short-term nature. Fair Value on a Non-Recurring Basis The Partnership follows the provisions of Topic 820-10, “Fair Value Measurement,” for non-financial assets and liabilities measured at fair value on a non-recurring basis. The fair value measurements of assets acquired and liabilities assumed are based on inputs that are not observable in the market and therefore represent Level 3 inputs under the fair value hierarchy. We periodically review gathering and transportation assets for impairment when facts and circumstances indicate that their carrying values may not be recoverable. A reconciliation of the beginning and ending balances of the Partnership’s asset retirement obligations is presented in Note 9 “Asset Retirement Obligation.” Fair Value of Financial Instruments The estimated fair value amounts of financial instruments have been determined using available market information and valuation methodologies described below. We prioritize the use of the highest level inputs available in determining fair value such that fair value measurements are determined using the highest and best use as determined by market participants and the assumptions that they would use in determining fair value. Credit Agreement – We believe that the carrying value of our Credit Agreement (as defined in Note 7 “Debt”) approximates its fair value because the interest rates on the debt approximate market interest rates for debt with similar terms. The debt is classified as a Level 2 input in the fair value hierarchy and represents the amount at which the instrument could be valued in an exchange during a current transaction between willing parties. The Credit Agreement is discussed further in Note 7 “Debt.” Nuvve Holding Warrants – The Nuvve Holding Warrants (as defined in Note 6 “Derivative and Financial Instruments”) are valued using the value of Nuvve’s common stock and the Nuvve Holding Warrants exercise price. We have therefore classified the fair value measurement of the Nuvve Holding Warrants as Level 2 and is presented within fair value of warrants on the condensed consolidated balance sheets. As of June 30, 2023, the Nuvve Holding Warrants fair value was determined to be zero. Stonepeak Warrant – As part of the Exchange (as defined in Note 15 “Partners’ Deficit”), the Partnership issued to Stonepeak Catarina the Stonepeak Warrant which entitles the holder to receive junior securities of the Partnership representing ten percent of junior securities deemed outstanding when exercised. The Stonepeak Warrant is valued using ten percent of the Partnership’s junior securities deemed outstanding and the common unit price as of the balance sheet date. We have therefore classified the fair value measurement of the Stonepeak Warrant as Level 2 and is presented within Stonepeak warrant - related entities on the condensed consolidated balance sheets.

Derivative and Financial Instru

Derivative and Financial Instruments	6 Months Ended
Derivative and Financial Instruments	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative and Financial Instruments	DERIVATIVE AND FINANCIAL INSTRUMENTS On May 17, 2021, the Partnership entered into a letter agreement (the “Levo Letter Agreement”) with Nuvve Holding Corp. (“Nuvve Holding”) and Stonepeak Rocket Holdings LP, relating to the proposed formation of a joint venture, Levo Mobility LLC (“Levo” and such proposed joint venture, the “Levo JV”). In connection with the Levo Letter Agreement, on May 17, 2021, Nuvve Holding issued ten-year warrants to the Partnership as follows: (i) Series B Warrants to purchase 200,000 shares of Nuvve Holding’s common stock, at an exercise price of $10.00 per share, which are fully vested upon issuance; (ii) Series C warrants to purchase 100,000 shares of Nuvve Holding’s common stock, at an exercise price of $15.00 per share, which are vested as to 50% of the shares upon issuance and vest as to the remaining 50% when Levo has entered into contracts with third parties for $125 million in aggregate capital expenditures; (iii) Series D warrants to purchase 100,000 shares of Nuvve Holding’s common stock, at an exercise price of $20.00 per share, which are vested as to 50% of the shares upon issuance and vest as to the remaining 50% when Levo has entered into contracts with third parties for $250 million in aggregate capital expenditures; (iv) Series E warrants to purchase 100,000 shares of Nuvve Holding’s common stock, at an exercise price of $30.00 per share, which are vested as to 50% of the shares upon issuance and vest as to the remaining 50% when Levo has entered into contracts with third parties for $375 million in aggregate capital expenditures; and (v) Series F warrants to purchase 100,000 shares of Nuvve Holding’s common stock, at an exercise price of $40.00 per share, which are vested as to 50% of the shares upon issuance and vest as to the remaining 50% when Levo has entered into contracts with third parties for $500 million in aggregate capital expenditures (collectively, the “Nuvve Holding Warrants”). The Nuvve Holding Warrants are accounted for in accordance with Topic 815, “Derivatives and Hedging,” and are recorded on the condensed consolidated balance sheets at fair value. Changes in the Nuvve Holding Warrants’ fair value are recognized in earnings and included in “Other (income) expense” on the condensed consolidated statements of operations. The following table sets forth a reconciliation of the changes in fair value of the Partnership’s Nuvve Holding Warrants for the periods indicated (in thousands): Six Months Ended Year Ended Beginning fair value of warrants $ — $ 664 Net loss on warrants — (664) Ending fair value of warrants $ — $ — Under Topic 815, “Derivatives and Hedging,” all derivative instruments are recorded on the condensed consolidated balance sheets at fair value as either short-term or long-term assets or liabilities based on their anticipated settlement date. Changes in the derivatives’ fair values are recognized in earnings. Earnout Derivative See Note 5 “Fair Value Measurements” for disclosure regarding the earnout derivative.

Debt

Debt	6 Months Ended
Debt	Jun. 30, 2023
Debt Disclosure [Abstract]
Debt	DEBT Credit Agreement We have entered into a credit agreement with Royal Bank of Canada, as administrative agent and collateral agent, and the lenders party thereto, as amended through the date of the Thirteenth Amendment to Third Amended and Restated Credit Agreement, dated as of April 10, 2023 (the “Credit Agreement”). The Credit Agreement provides a quarterly amortizing term loan of $20.0 million (the “Term Loan”) and a maximum revolving credit amount of $5.0 million (the “Revolving Loan”). The Credit Agreement matures on September 30, 2025. Borrowings under the Credit Agreement are secured by various mortgages of midstream properties that we own as well as various security and pledge agreements among us, certain of our subsidiaries and the administrative agent. Borrowings under the Credit Agreement are available for limited direct investment in midstream properties, acquisitions, and working capital and general business purposes. The Credit Agreement has a sub-limit of up to $2.5 million which may be used for the issuance of letters of credit. As of June 30, 2023, we had approximately $20.0 million of debt outstanding, comprised solely of the Term Loan. The Credit Agreement requires a single amortizing payment of outstanding principal on the Term Loan of $2.5 million on each of December 31, 2023, December 31, 2024 and June 30, 2025. We have approximately $5.0 million in unused borrowing capacity under the Revolving Loan. There were no letters of credit outstanding under our Credit Agreement as of June 30, 2023. At our election, interest for borrowings under the Credit Agreement are determined by reference to (i) the secured overnight financing rate published by the Federal Reserve Bank of New York (“SOFR”) plus an applicable margin between 2.75% and 3.50% per annum based on net debt to EBITDA or (ii) a domestic bank rate (“ABR”) plus an applicable margin between 1.75% and 2.50% per annum based on net debt to EBITDA plus (iii) a commitment fee of 0.50% per annum based on the unutilized portion of the Revolving Loan. Interest on the borrowings for ABR loans and the commitment fee are generally payable quarterly. Interest on the borrowings for SOFR loans are generally payable at the applicable maturity date. Prior to the effective date of the Thirteenth Amendment, interest for borrowings under the Credit Agreement was determined by reference to the London Interbank Offered Rate (“LIBOR”). Upon the effectiveness of the Thirteenth Amendment, interest for borrowings under the Credit Agreement are determined by reference to SOFR. The Credit Agreement contains various covenants that limit, among other things, our ability to incur certain indebtedness, grant certain liens, merge or consolidate, sell all or substantially all of our assets, make certain loans, acquisitions, capital expenditures and investments, and pay distributions to unitholders. In addition, we are required to maintain the following financial covenants: • current assets to current liabilities, excluding any current maturities of debt, of at least 1.0 to 1.0 at all times; and • senior secured net debt to consolidated adjusted EBITDA for the last twelve months, as of the last day of any fiscal quarter, of not greater than 3.25 to 1.00. The Credit Agreement also includes customary events of default, including events of default relating to non-payment of principal, interest or fees, inaccuracy of representations and warranties when made or when deemed made, violation of covenants, cross-defaults, bankruptcy and insolvency events, certain unsatisfied judgments, loan documents not being valid and a change in control. A change in control is generally defined as the occurrence of one of the following events: (i) our existing general partner ceases to be our sole general partner or (ii) certain specified persons shall cease to own more than 50% of the equity interests of our general partner or shall cease to control our general partner. If an event of default occurs, the lenders will be able to accelerate the maturity of the Credit Agreement and exercise other rights and remedies. At June 30, 2023, we were in compliance with the financial covenants contained in the Credit Agreement. We monitor compliance on an ongoing basis. If we are unable to remain in compliance with the financial covenants contained in our Credit Agreement or maintain the required ratios discussed above, the lenders could call an event of default and accelerate the outstanding debt under the terms of the Credit Agreement, such that our outstanding debt could become then due and payable. We may request waivers of compliance from the violated financial covenants from the lenders, but there is no assurance that such waivers would be granted. We are required to make mandatory amortizing payments of the outstanding principal on the Term Loan and we expect these amortizing payments will be made from our operating cash flows and other capital resources. However, there can be no assurance that operations and other capital resources will provide cash in sufficient amounts to make these mandatory amortizing payments. Debt Issuance Costs As of June 30, 2023 and December 31, 2022, our unamortized debt issuance costs were approximately $0.5 million and $0.4 million, respectively. These costs are amortized to interest expense in our condensed consolidated statements of operations over the life of our Credit Agreement. Amortization of debt issuance costs recorded during the three months ended June 30, 2023 and 2022 was approximately $0.1 million and $0.1 million, respectively. Amortization of debt issuance costs recorded during the six months ended June 30, 2023 and 2022 was approximately $0.2 million and $0.2 million, respectively.

Gathering and Transportation As

Gathering and Transportation Assets	6 Months Ended
Gathering and Transportation Assets	Jun. 30, 2023
Extractive Industries [Abstract]
Gathering and Transportation Assets	GATHERING AND TRANSPORTATION ASSETS Gathering and transportation assets consisted of the following (in thousands): June 30, December 31, Gathering and transportation assets Midstream assets $ 183,113 $ 181,981 Less: Accumulated depreciation and impairment (97,683) (94,503) Total gathering and transportation assets, net $ 85,430 $ 87,478 Depreciation and Amortization . Gathering and transportation assets, are stated at historical acquisition cost, net of any impairments, and are depreciated using the straight-line method over the useful lives of the assets, which range from 3 to 15 years for furniture and equipment, up to 36 years for gathering facilities, and up to 40 years for transportation assets. Depreciation and amortization consisted of the following (in thousands): Three Months Ended Six Months Ended 2023 2022 2023 2022 Depreciation and amortization of gathering and transportation assets $ 1,705 $ 1,758 $ 3,412 $ 3,532 Amortization of intangible assets 2,737 2,737 5,474 6,102 Total depreciation and amortization $ 4,442 $ 4,495 $ 8,886 $ 9,634 Impairment of Gathering and Transportation Assets. We perform a periodic review of gathering and transportation assets to identify facts and circumstances, or triggering events, that indicate the carrying value may not be recoverable. If during our review we identify factors indicating the carrying value may not be recoverable, we compare the carrying value of the asset or asset group with its expected future pre-tax undiscounted cash flows. These cash flow estimates require us to make projections and assumptions for many years into the future for pricing, demand, competition, operating cost and other factors. If the carrying amount exceeds the expected future undiscounted cash flows, we recognize an impairment equal to the excess of net book value over fair value. The determination of the fair value using present value techniques requires us to make projections and assumptions regarding the probability of a range of outcomes and the rates of interest used in the present value calculations. Any changes we make to these projections and assumptions could result in significant revisions to our evaluation of recoverability of our gathering and transportation assets and the recognition of additional impairments. Upon disposition or retirement of gathering and transportation assets, any gain or loss is recorded to operations.

Asset Retirement Obligation

Asset Retirement Obligation	6 Months Ended
Asset Retirement Obligation	Jun. 30, 2023
Asset Retirement Obligation Disclosure [Abstract]
Asset Retirement Obligation	ASSET RETIREMENT OBLIGATION We recognize the fair value of a liability for an asset retirement obligation (“ARO”) in the period in which it is incurred if a reasonable estimate of fair value can be made. Each period, we accrete the ARO to its then present value. The associated asset retirement cost (“ARC”) is capitalized as part of the carrying amount of our gathering and transportation assets. Subsequently, the ARC is depreciated using the straight-line method. The AROs recorded by us relate to the abandonment of natural gas gathering and other facilities. Inherent in the fair value calculation of AROs are numerous assumptions and judgments including the ultimate settlement amounts, inflation factors, credit adjusted discount rates, timing of settlement and changes in the legal, regulatory, environmental and political environments. To the extent future revisions to these assumptions result in adjustments to the recorded fair value of the existing ARO, a corresponding adjustment is made to the ARC capitalized as part of gathering and transportation assets. The following table is a reconciliation of changes in ARO for the six months ended June 30, 2023 and the year ended December 31, 2022 (in thousands): Six Months Ended Year Ended Asset retirement obligation, beginning balance $ 5,121 $ 4,700 Accretion expense 225 421 Asset retirement obligation, ending balance $ 5,346 $ 5,121 Additional AROs increase the liability associated with new gathering and transportation assets and other facilities as these obligations are incurred. Abandonments of gathering and transportation assets and other facilities reduce the liability for AROs. During the six months ended June 30, 2023 and the year ended December 31, 2022, there were no significant expenditures for abandonments and there were no assets legally restricted for purposes of settling existing AROs.

Intangible Assets

Intangible Assets	6 Months Ended
Intangible Assets	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	INTANGIBLE ASSETSIntangible assets are comprised of customer and marketing contracts. The intangible assets balance as of June 30, 2023 is related to the Gathering Agreement with Mesquite that was entered into as part of the 2015 acquisition of a gathering system from Mesquite (the “Catarina Gathering System”), which is located on the western portion of acreage positioned in Dimmit, La Salle and Webb counties, Texas, currently owned by TBM Catarina, as successor-in-interest to Mesquite pursuant to the Mesquite Assignment (the western portion of such acreage, “Western Catarina”). Pursuant to the Gathering Agreement, TBM Catarina, as successor-in-interest to Mesquite pursuant to the Mesquite Assignment, tenders all of its crude oil, natural gas and other hydrocarbon-based product volumes produced in Western Catarina and Eastern Catarina for processing and transportation through the Catarina Gathering System. These intangible assets are being amortized using the straight-line method over the 17-year life of the agreement. We perform a periodic review of intangible assets to identify facts and circumstances, or triggering events, that indicate the carrying value may not be recoverable. Amortization expense for the six months ended June 30, 2023 and 2022 was approximately $5.5 million and $6.1 million, respectively. These costs are amortized to depreciation, depletion, and amortization expense in our condensed consolidated statements of operations. The following table is a reconciliation of changes in intangible assets for the six months ended June 30, 2023 and the year ended December 31, 2022 (in thousands): Six Months Ended Year Ended Beginning balance $ 106,752 $ 118,329 Amortization (5,474) (11,577) Ending balance $ 101,278 $ 106,752

Investments

Investments	6 Months Ended
Investments	Jun. 30, 2023
Equity Method Investments and Joint Ventures [Abstract]
Investments	INVESTMENTS In July 2016, we completed a transaction pursuant to which we acquired from Mesquite a 50% interest in Carnero Gathering, LLC (“Carnero Gathering”), a joint venture that was 50% owned and operated by Targa Resources Corp. (NYSE: TRGP) (“Targa”), for an initial payment of approximately $37.0 million and the assumption of remaining capital commitments to Carnero Gathering, estimated at approximately $7.4 million as of the acquisition date (the “Carnero Gathering Transaction”). The fair value of the intangible asset for the contractual customer relationship related to Carnero Gathering was valued at approximately $13.0 million. This amount is being amortized over a contract term of 15 years and decreases earnings from equity investments in our condensed consolidated statements of operations. As part of the Carnero Gathering Transaction, we were required to pay Mesquite an earnout based on natural gas received above a threshold volume and tariff at designated delivery points from Mesquite and other producers. Our obligations to make any future earnout payments terminated upon the effectiveness of the Mesquite Assignment. See Note 5 “Fair Value Measurements” for further discussion of the earnout derivative. In November 2016, we completed a transaction pursuant to which we acquired from Mesquite a 50% interest in Carnero Processing, LLC (“Carnero Processing”), a joint venture that was 50% owned and operated by Targa, for aggregate cash consideration of approximately $55.5 million and the assumption of remaining capital contribution commitments to Carnero Processing, estimated at approximately $24.5 million as of the date of acquisition. In May 2018, we executed a series of agreements with Targa and other parties pursuant to which, among other things: (1) the parties merged their respective 50% interests in Carnero Gathering and Carnero Processing (the “Carnero JV Transaction”) to form an expanded 50 / 50 joint venture in South Texas, within Carnero G&P, LLC (“Carnero JV”), (2) Targa contributed 100% of the equity interest in the Silver Oak II Gas Processing Plant (“Silver Oak II Plant”), located in Bee County, Texas, to Carnero JV, which expands the processing capacity of Carnero JV from 260 MMcf/d to 460 MMcf/d, (3) Targa contributed certain capacity in the 45 miles of high pressure natural gas gathering pipelines owned by Carnero Gathering (the “Carnero Gathering Line”) that connect the Catarina Gathering System to nearby pipelines and the 260 MMcf/d cryogenic natural gas processing plant located in La Salle County, Texas (the “Raptor Plant”) to Carnero JV resulting in Carnero JV owning all of the capacity in the Carnero Gathering Line, which has a design limit (without compression) of 400 MMcf/d, (4) Carnero JV received a new dedication of over 315,000 acres located in the Western Eagle Ford on the acreage in Dimmit, Webb, La Salle, Zavala and Maverick counties, Texas (such acreage is collectively referred to as the “Comanche Asset”), pursuant to a new long-term firm gas gathering and processing agreement. Prior to the Mesquite Assignment, the agreement with Mesquite, which was approved by all of the unaffiliated Comanche Asset working interest partners, established commercial terms for the gathering of gas on the Carnero Gathering Line and processing at the Raptor Plant and the Silver Oak II Plant. As a result of the Carnero JV Transaction, we now record our share of earnings and losses from Carnero JV using the Hypothetical Liquidation at Book Value (“HLBV”) method of accounting. HLBV is a balance-sheet approach that calculates the amount we would have received if Carnero JV were liquidated at book value at the end of each measurement period. The change in our allocated amount during the period is recognized in our condensed consolidated statements of operations. In the event of the liquidation of Carnero JV, available proceeds are first distributed to any priority return and unpaid capital associated with the Silver Oak II Plant, and then to members in accordance with their capital accounts. As of June 30, 2023, the Partnership had paid approximately $124.7 million for its investment in Carnero JV related to the initial payments and contributed capital. The Partnership has accounted for this investment using the equity method. Targa is the operator of Carnero JV and has significant influence with respect to the normal day-to-day capital and operating decisions. We have included the investment balance in the equity investments caption on the condensed consolidated balance sheets. For the three months ended June 30, 2023, the Partnership recorded earnings of approximately $0.6 million in equity investments from Carnero JV, which was adjusted by approximately $0.3 million related to the amortization of the contractual customer intangible asset. For the six months ended June 30, 2023, the Partnership recorded earnings of approximately $1.0 million in equity investments from the Carnero JV, which was adjusted by approximately $0.6 million related to the amortization of the contractual customer intangible asset. We have included these equity method earnings in the earnings from equity investments line within the condensed consolidated statements of operations. Cash distributions of approximately $0.4 million were received during the six months ended June 30, 2023. Summarized financial information of unconsolidated entities is as follows (in thousands): Six Months Ended June 30, 2023 2022 Sales $ 34,550 $ 68,831 Total expenses 33,788 58,293 Net income $ 762 $ 10,538

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	COMMITMENTS AND CONTINGENCIES As part of the Carnero Gathering Transaction, we were required to pay Mesquite an earnout based on natural gas received above a threshold volume and tariff at designated delivery points from Mesquite and other producers. This earnout has an approximate value of zero as of June 30, 2023. For the six months ended June 30, 2023, we made no payments to Mesquite related to the earnout.

Related Party Transactions

Related Party Transactions	6 Months Ended
Related Party Transactions	Jun. 30, 2023
Related Party Transactions [Abstract]
Related Party Transactions	RELATED PARTY TRANSACTIONS Please read the disclosures under the headings “Relationship with Stonepeak” and “Shared Services Agreement” in Note 14 “Related Party Transactions” of our Notes to Consolidated Financial Statements in our Annual Report on Form 10-K for the year ended December 31, 2022 for a more complete description of certain related party transactions that were entered into prior to 2023. Indirect costs billed by SP Holdings in connection with the Shared Services Agreement are recorded as general and administrative expense - related entities. For the six months ended June 30, 2023 and 2022, indirect costs were recorded as a credit of approximately $1.9 million and $1.6 million, respectively. Unit Ownership As of June 30, 2023, Stonepeak owned 231,761,668 common units (or approximately 7,725,389 common units after adjusting for the one-for-thirty reverse split completed July 18, 2023), or 82.5% of our common units. Such common unit amounts include 27,017,268 common units (or approximately 900,576 common units after adjusting for the one-for-thirty reverse split completed July 18, 2023) which Stonepeak Catarina has the right to acquire upon exercise of the Stonepeak Warrant.

Unit-Based Compensation

Unit-Based Compensation	6 Months Ended
Unit-Based Compensation	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Unit-Based Compensation	UNIT-BASED COMPENSATION The Sanchez Production Partners LP Long-Term Incentive Plan (the “LTIP”) allows for grants of restricted common units. Restricted common unit activity under the LTIP during the six months ended June 30, 2023, after adjusting for the one-for-thirty reverse split completed July 18, 2023, is presented in the following table: Number of Weighted Outstanding at December 31, 2022 119,760 $ 37.50 Granted 190,833 5.70 Vested (170,000) 6.00 Returned/Cancelled (79,300) 35.40 Outstanding at June 30, 2023 61,293 $ 28.79 In January 2023, the Partnership issued 625,000 restricted common units (20,833 restricted common units after adjusting for the one-for-thirty reverse split completed July 18, 2023) pursuant to the LTIP which vest ratably over two years. In March 2023, the Partnership issued 5,100,000 restricted common units (170,000 restricted common units after adjusting for the one-for-thirty reverse split completed July 18, 2023) pursuant to the LTIP to certain executives of the Partnership’s general partner which vested immediately as a condition of termination of the executives. In May 2023, 2,378,988 units were returned to the LTIP (79,300 restricted common units after adjusting for the one-for-thirty reverse split completed July 18, 2023) due to the departure of officers of our general partner. As of June 30, 2023, 26,899,297 common units (896,643 common units after adjusting for the one-for-thirty reverse split completed July 18, 2023) remained available for future issuance to participants under the LTIP. The Evolve Transition Infrastructure LP 2021 Equity Inducement Award Plan (the “Inducement Plan”) allows for grants of restricted common units. During the six months ended June 30, 2023, no restricted common units were issued and 5,326,808 common units were forfeited and returned (177,560 common units after adjusting for the one-for-thirty reverse split completed July 18, 2023) to the Inducement Plan. As of June 30, 2023, there are 6,183,300 common units (206,110 common units after adjusting for the one-for-thirty reverse split completed July 18, 2023) available for issuance to participants under the Inducement Plan. Number of Outstanding at December 31, 2022 383,670 Returned/Cancelled (177,560) Outstanding at June 30, 2023 206,110

Partners' Deficit

Partners' Deficit	6 Months Ended
Partners' Deficit	Jun. 30, 2023
Equity [Abstract]
Partners' Deficit	PARTNERS’ DEFICIT Outstanding Units As of June 30, 2023, we had 37,751,041 Class C Preferred Units outstanding and 254,108,374 common units outstanding (approximately 8,470,230 common units after adjusting for the one-for-thirty reverse split), which included 1,838,846 unvested restricted common units (61,293 common units after adjusting for the one-for-thirty reverse split) issued under the LTIP. Common Unit Issuances We entered into a letter agreement with SP Holdings providing that during the period beginning with the fiscal quarter ended September 30, 2019 and continuing until the end of the fiscal quarter after the fiscal quarter in which we redeem all of our issued and outstanding Class C Preferred Units, SP Holdings agrees to delay receipt of its fees, not including reimbursement of costs. As of June 30, 2023, we have not redeemed any Class C Preferred Units and, as a result, we have not issued any common units to SP Holdings in connection with providing services under the Shared Services Agreement for any quarter following the quarter ended June 30, 2019. As of June 30, 2023, the number of units to be issued under the Shared Services Agreement is 23,257,663 (which amount is not adjusted for the one-for-thirty reverse split completed July 18, 2023). At June 30, 2023, the value of these units was approximately $1.9 million and is recorded on the condensed consolidated balance sheets in accrued shared services fees - related entities. Class C Preferred Units On August 2, 2019, Stonepeak exchanged all of their current equity ownership for newly issued Class C Preferred Units and the Original Warrant in a private placement transaction (the “Exchange”). The holders of the Class C Preferred Units receive a quarterly distribution of 14.0% per annum payable in cash. To the extent that Available Cash (as defined in our partnership agreement) is insufficient to pay the distribution in cash, all or a portion of the distribution may be paid in Class C Preferred PIK Units. Distributions are to be paid on or about the last day of each of February, May, August and November following the end of each quarter and are charged to interest expense - related entities in our condensed consolidated statements of operations. As of January 1, 2022, Adjusted Available Cash (as defined in our partnership agreement) will be distributed to holders of the Class C Preferred Units to redeem a number of Class C Preferred Units to be determined based on the amount of Adjusted Available Cash. As of June 30, 2023, no Class C Preferred Units have been redeemed. During the six months ended June 30, 2023 and 2022, we recorded non-cash interest expense related to the Class C Preferred Units of approximately $29.8 million and $28.8 million, respectively, which are recorded in interest expense - related entities on our condensed consolidated statements of operations. The Class C Preferred Units are accounted for as a current liability on our condensed consolidated balance sheets consisting of the following (in thousands): June 30, December 31, Class C Preferred Units, beginning balance $ 411,800 $ 397,387 Distribution accrual 14,917 14,413 Class C Preferred Units, ending balance $ 426,717 $ 411,800 The table below reflects the payment of distributions on Class C Preferred Units related to the periods indicated. Three Months Ended Class C Preferred Date of Date of Date of December 31, 2022 1,276,605 February 10, 2023 February 20, 2023 February 28, 2023 On November 16, 2020, the Partnership and Stonepeak entered into the Stonepeak Letter Agreement which provides that Stonepeak will be able to elect to receive distributions on the Class C Preferred Units in common units by providing written notice to the Partnership no later than the last day of the calendar month following the end of such quarter. The table below reflects distributions on Class C Preferred Units which were elected to be paid in common units, after adjusting for the one-for-thirty reverse split completed July 18, 2023, related to the periods indicated. Three Months Ended Number of Common Units Date of December 31, 2021 816,745 February 22, 2022 March 31, 2022 824,064 May 20, 2022 June 30, 2022 914,755 August 22, 2022 September 30, 2022 914,755 December 28, 2022 March 31, 2023 946,771 May 22, 2023 Stonepeak Warrant On August 2, 2019, in connection with the Exchange, the Partnership issued to Stonepeak the Original Warrant, which entitles the holder to receive junior securities of the Partnership representing ten percent of junior securities deemed outstanding when exercised. The Stonepeak Warrant expires on the later of August 2, 2026 or 30 days following the full redemption of the Class C Preferred Units. There is no strike price associated with the exercise of the Stonepeak Warrant. The Stonepeak Warrant is accounted for as a liability in accordance with ASC 480 and is presented within other liabilities on the condensed consolidated balance sheets. Changes in the fair value of the Stonepeak Warrant are charged to interest expense - related entities in our condensed consolidated statements of operations. During the six months ended June 30, 2023 and 2022, we recorded a benefit of approximately $2.3 million and an expense of approximately $0.2 million, respectively, related to the Stonepeak Warrant. Earnings per Unit Net income (loss) per common unit for the period is based on any distributions that are made to the unitholders (common units) plus an allocation of undistributed net income (loss) based on provisions of our partnership agreement, divided by the weighted average number of common units outstanding. Unit-based awards granted but unvested are eligible to receive distributions. The underlying unvested restricted unit awards are considered participating securities for purposes of determining net income (loss) per unit. Undistributed income is allocated to participating securities based on the proportional relationship of the weighted average number of common units and unit-based awards outstanding. Undistributed losses (including those resulting from distributions in excess of net income) are allocated to common units based on provisions of our partnership agreement. Undistributed losses are not allocated to unvested restricted unit awards as they do not participate in net losses. Distributions declared and paid in the period are treated as distributed earnings in the computation of earnings per common unit even though cash distributions are not necessarily derived from current or prior period earnings. The Partnership’s general partner does not have an economic interest in the Partnership and, therefore, does not participate in the Partnership’s net income.

Variable Interest Entities

Variable Interest Entities	6 Months Ended
Variable Interest Entities	Jun. 30, 2023
Variable Interest Entities
Variable Interest Entities	VARIABLE INTEREST ENTITIES The Partnership’s investment in Carnero JV represents a variable interest entity (“VIE”) that could expose the Partnership to losses. The amount of losses the Partnership could be exposed to from Carnero JV is limited to the capital investment of approximately $15.0 million. As of June 30, 2023, the Partnership had invested approximately $124.7 million in Carnero JV and no debt has been incurred by Carnero JV. We have included this VIE in equity investments on our condensed consolidated balance sheets. Below is a tabular comparison of the carrying amounts of the assets and liabilities of the VIE and the Partnership’s maximum exposure to loss as of June 30, 2023 and December 31, 2022 (in thousands): June 30, December 31, Acquisitions, earnout and capital investments $ 128,781 $ 128,781 Earnings in equity investments (17,027) (17,479) Distributions received (96,722) (96,338) Maximum exposure to loss $ 15,032 $ 14,964

Leases

Leases	6 Months Ended
Leases	Jun. 30, 2023
Leases [Abstract]
Leases	LEASES On November 9, 2021, the Partnership entered into a Gas Compression Agreement with Kodiak to lease gas compression units from Kodiak (the “Gas Compression Agreement”). All leased units have a 36 month primary term commencing on the startup date. Following the primary term of the leased units, the Gas Compression Agreement calls for continuation of the term on a month-to-month basis until terminated with 30 days written notice.

Subsequent Events

Subsequent Events	6 Months Ended
Subsequent Events	Jun. 30, 2023
Subsequent Events [Abstract]
Subsequent Events	SUBSEQUENT EVENTS Partnership Agreement Amendment No. 3 On July 17, 2023, our general partner entered into Amendment No. 3 to our partnership agreement to make necessary and appropriate changes in connection with the Reverse Split (as defined below). Completion of Reverse Split On July 18, 2023, the Partnership completed a one-for-thirty reverse split (the “Reverse Split”) of its common units, pursuant to which common unitholders received one common unit for every thirty common units held at the close of trading on July 17, 2023. No fractional units were issued in connection with the Reverse Split and unitholders who would have otherwise received a fractional unit instead received a cash payment (without interest and rounded up to the nearest whole cent) based on the closing price of the common units on July 17, 2023. Commencement of Marketing Process On July 24, 2023, the Partnership commenced a marketing process for the sale of all or substantially all of the Partnership’s assets. Removal of Trading Suspension and Withdrawal of Delisting Procedures On July 25, 2023, the Partnership received notice from the NYSE American informing the Partnership that it has resolved the continued listing deficiency with respect to low selling price as described in Section 1003(f)(v) of the Company Guide. As a result, the staff of the NYSE Regulation withdrew its delisting determination and removed the trading suspension on the common units on the NYSE American. Accordingly, the August 8, 2023 hearing before the Panel has been cancelled. The common units commenced trading on the NYSE American on Monday, July 31, 2023 under the symbol “SNMP.” Notwithstanding the removal of the trading suspension, the Partnership continues to remain subject to its previously disclosed plan to regain compliance with the NYSE American’s continued listing standards, which was accepted by the NYSE American on February 21, 2023. The Partnership has been granted a target completion date of June 6, 2024 to implement its plan and regain compliance with the NYSE American’s continued listing standards set forth in Sections 1003(a)(i) and 1003(a)(ii) of the Company Guide. If the Partnership is not in compliance with the continued listing standards by June 6, 2024, or if it does not make progress consistent with the plan during the plan period, the NYSE American may again initiate delisting proceedings as appropriate. The Partnership intends to regain compliance with the NYSE American’s continued listings standards by such date; however, there is no assurance the Partnership will be able to accomplish this.

Basis of Presentation and Sum_2

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation Accounting policies used by us conform to GAAP. The accompanying financial statements include the accounts of us and our wholly owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. These unaudited condensed consolidated financial statements have been prepared pursuant to the rules and regulations of the SEC. Certain information and footnote disclosures, normally included in annual financial statements prepared in accordance with GAAP, have been condensed or omitted pursuant to those rules and regulations. We believe that the disclosures made are adequate to make the information presented not misleading. In the opinion of management, all adjustments, consisting only of normal recurring adjustments, necessary to fairly state the financial position, results of operations and cash flows with respect to the interim condensed consolidated financial statements have been included. The results of operations for the interim periods are not necessarily indicative of the results for the entire year. Certain amounts from the prior period have been reclassified to confirm to current period presentation.
Recent Accounting Pronouncements	Recent Accounting Pronouncements From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board (“FASB”), which are adopted by us as of the specified effective date. Unless otherwise discussed, management believes that the impact of recently issued standards, which are not effective, will not have a material impact on our condensed consolidated financial statements upon adoption. In June 2016, the FASB issued ASU 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” This ASU modifies the impairment model to utilize an expected loss methodology in place of the currently used incurred loss methodology, which will result in more timely recognition of losses. Additionally, in November 2019, the FASB issued ASU 2019-10, “Financial Instruments – Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842): Effective Dates,” which changed the effective date for certain issuers to annual and interim periods in fiscal years beginning after December 15, 2022, and earlier adoption is permitted. The adoption of this standard did not have a material impact on our condensed consolidated financial statements.
Use of Estimates	Use of Estimates The condensed consolidated financial statements are prepared in conformity with GAAP, which requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. These estimates and the underlying assumptions affect the amounts of assets and liabilities reported, disclosures about contingent assets and liabilities and reported amounts of revenues and expenses. The estimates that are

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
Fair Value Measurements (Tables)	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Schedule of fair value of assets and liabilities on a recurring basis	The following table summarizes the fair value of our assets and liabilities that were accounted for at fair value on a recurring basis as of June 30, 2023 (in thousands): Fair Value Measurements at June 30, 2023 Active Markets for Observable Unobservable Inputs Fair Value Fair value of warrants Nuvve Holding Warrants $ — $ — $ — $ — Other liabilities Stonepeak Warrant — (540) — (540) Total $ — $ (540) $ — $ (540) The following table summarizes the fair value of our assets and liabilities that were accounted for at fair value on a recurring basis as of December 31, 2022 (in thousands): Fair Value Measurements at December 31, 2022 Active Markets for Observable Unobservable Inputs Fair Value Fair value of warrants Nuvve Holding Warrants $ — $ — $ — $ — Other liabilities Stonepeak Warrant — (2,853) — (2,853) Total $ — $ (2,853) $ — $ (2,853)

Derivative and Financial Inst_2

Derivative and Financial Instruments (Tables)	6 Months Ended
Derivative and Financial Instruments (Tables)	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Reconciliation of changes in fair value of derivatives	The following table sets forth a reconciliation of the changes in fair value of the Partnership’s Nuvve Holding Warrants for the periods indicated (in thousands): Six Months Ended Year Ended Beginning fair value of warrants $ — $ 664 Net loss on warrants — (664) Ending fair value of warrants $ — $ —

Gathering and Transportation _2

Gathering and Transportation Assets (Tables)	6 Months Ended
Gathering and Transportation Assets (Tables)	Jun. 30, 2023
Extractive Industries [Abstract]
Schedule of gathering and transportation assets	Gathering and transportation assets consisted of the following (in thousands): June 30, December 31, Gathering and transportation assets Midstream assets $ 183,113 $ 181,981 Less: Accumulated depreciation and impairment (97,683) (94,503) Total gathering and transportation assets, net $ 85,430 $ 87,478
Schedule of depreciation, depletion, and amortization	Depreciation and amortization consisted of the following (in thousands): Three Months Ended Six Months Ended 2023 2022 2023 2022 Depreciation and amortization of gathering and transportation assets $ 1,705 $ 1,758 $ 3,412 $ 3,532 Amortization of intangible assets 2,737 2,737 5,474 6,102 Total depreciation and amortization $ 4,442 $ 4,495 $ 8,886 $ 9,634

Asset Retirement Obligation (Ta

Asset Retirement Obligation (Tables)	6 Months Ended
Asset Retirement Obligation (Tables)	Jun. 30, 2023
Asset Retirement Obligation Disclosure [Abstract]
Reconciliation of changes in asset retirement obligation	The following table is a reconciliation of changes in ARO for the six months ended June 30, 2023 and the year ended December 31, 2022 (in thousands): Six Months Ended Year Ended Asset retirement obligation, beginning balance $ 5,121 $ 4,700 Accretion expense 225 421 Asset retirement obligation, ending balance $ 5,346 $ 5,121

Intangible Assets (Tables)

Intangible Assets (Tables)	6 Months Ended
Intangible Assets (Tables)	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of intangible assets	The following table is a reconciliation of changes in intangible assets for the six months ended June 30, 2023 and the year ended December 31, 2022 (in thousands): Six Months Ended Year Ended Beginning balance $ 106,752 $ 118,329 Amortization (5,474) (11,577) Ending balance $ 101,278 $ 106,752

Investments (Tables)

Investments (Tables)	6 Months Ended
Investments (Tables)	Jun. 30, 2023
Equity Method Investments and Joint Ventures [Abstract]
Summarized financial information of unconsolidated entities	Summarized financial information of unconsolidated entities is as follows (in thousands): Six Months Ended June 30, 2023 2022 Sales $ 34,550 $ 68,831 Total expenses 33,788 58,293 Net income $ 762 $ 10,538

Unit-Based Compensation (Tables

Unit-Based Compensation (Tables)	6 Months Ended
Unit-Based Compensation (Tables)	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of units activity	Restricted common unit activity under the LTIP during the six months ended June 30, 2023, after adjusting for the one-for-thirty reverse split completed July 18, 2023, is presented in the following table: Number of Weighted Outstanding at December 31, 2022 119,760 $ 37.50 Granted 190,833 5.70 Vested (170,000) 6.00 Returned/Cancelled (79,300) 35.40 Outstanding at June 30, 2023 61,293 $ 28.79 Number of Outstanding at December 31, 2022 383,670 Returned/Cancelled (177,560) Outstanding at June 30, 2023 206,110

Partners' Deficit (Tables)

Partners' Deficit (Tables)	6 Months Ended
Partners' Deficit (Tables)	Jun. 30, 2023
Equity [Abstract]
Schedule of Class C preferred units	The Class C Preferred Units are accounted for as a current liability on our condensed consolidated balance sheets consisting of the following (in thousands): June 30, December 31, Class C Preferred Units, beginning balance $ 411,800 $ 397,387 Distribution accrual 14,917 14,413 Class C Preferred Units, ending balance $ 426,717 $ 411,800
Schedule of distributions	The table below reflects the payment of distributions on Class C Preferred Units related to the periods indicated. Three Months Ended Class C Preferred Date of Date of Date of December 31, 2022 1,276,605 February 10, 2023 February 20, 2023 February 28, 2023 The table below reflects distributions on Class C Preferred Units which were elected to be paid in common units, after adjusting for the one-for-thirty reverse split completed July 18, 2023, related to the periods indicated. Three Months Ended Number of Common Units Date of December 31, 2021 816,745 February 22, 2022 March 31, 2022 824,064 May 20, 2022 June 30, 2022 914,755 August 22, 2022 September 30, 2022 914,755 December 28, 2022 March 31, 2023 946,771 May 22, 2023

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	6 Months Ended
Variable Interest Entities (Tables)	Jun. 30, 2023
Variable Interest Entities
Schedule of carrying amounts of assets and liabilities of variable interest entity	Below is a tabular comparison of the carrying amounts of the assets and liabilities of the VIE and the Partnership’s maximum exposure to loss as of June 30, 2023 and December 31, 2022 (in thousands): June 30, December 31, Acquisitions, earnout and capital investments $ 128,781 $ 128,781 Earnings in equity investments (17,027) (17,479) Distributions received (96,722) (96,338) Maximum exposure to loss $ 15,032 $ 14,964

Divestitures (Narrative) (Detai

Divestitures (Narrative) (Details) - Discontinued Operations, Disposed of by Sale - USD ($) $ in Thousands	May 09, 2022	Mar. 11, 2022
Divestiture of (The "Kodiak 1 Assets")
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from divestiture		$ 250
Divestiture gain (loss)		$ (2,200)
Divestiture of (The "Kodiak 2 Assets")
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from divestiture	$ 250
Divestiture gain (loss)	$ (2,200)

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Thousands		3 Months Ended	6 Months Ended
Revenue Recognition (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2023	Dec. 31, 2022	Apr. 01, 2022
Disaggregation of Revenue [Line Items]
Revenue		$ 6,000	$ 12,400
Receivables		1,900	1,900	$ 2,300
Accounts receivable		1,988	1,988	$ 2,415
A&R Gathering Agreement
Disaggregation of Revenue [Line Items]
Disputed receivable balance	$ 26,700
Disputed receivable balance paid in cash	$ 15,100
Amortization		$ 300	$ 600
Other Noncurrent Assets \| A&R Gathering Agreement \| Related Party
Disaggregation of Revenue [Line Items]
Accounts receivable					$ 11,600

Fair Value Measurements (Recurr

Fair Value Measurements (Recurring) (Details) - Recurring - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Nuvve Holding Warrants	$ 0	$ 0
Stonepeak Warrant	(540)	(2,853)
Total	(540)	(2,853)
Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Nuvve Holding Warrants	0	0
Stonepeak Warrant	0	0
Total	0	0
Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Nuvve Holding Warrants	0	0
Stonepeak Warrant	(540)	(2,853)
Total	(540)	(2,853)
Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Nuvve Holding Warrants	0	0
Stonepeak Warrant	0	0
Total	$ 0	$ 0

Fair Value Measurements (Non-Re

Fair Value Measurements (Non-Recurring) (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021
Warrants
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	$ 0	$ 0	$ 664,000
Earnout
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	$ 0	$ 0

Derivative and Financial Inst_3

Derivative and Financial Instruments (Narrative) (Details) - Levo Mobility LLC Joint Venture - Nuvve Holding Corp $ / shares in Units, $ in Millions	May 17, 2021 USD ($) $ / shares shares
Derivative [Line Items]
Warrants term	10 years
Series B Warrants
Derivative [Line Items]
Number of shares called by warrants (in shares) \| shares	200,000
Warrants exercise price (in dollars per share) \| $ / shares	$ 10
Series C Warrants
Derivative [Line Items]
Number of shares called by warrants (in shares) \| shares	100,000
Warrants exercise price (in dollars per share) \| $ / shares	$ 15
Aggregate capital expenditures threshold for warrants vesting \| $	$ 125
Series C Warrants \| Vested upon issuance
Derivative [Line Items]
Warrants vesting percentage	50%
Series C Warrants \| Vested upon Levo entry into threshold amount of contracts with third parties
Derivative [Line Items]
Warrants vesting percentage	50%
Series D Warrants
Derivative [Line Items]
Number of shares called by warrants (in shares) \| shares	100,000
Warrants exercise price (in dollars per share) \| $ / shares	$ 20
Aggregate capital expenditures threshold for warrants vesting \| $	$ 250
Series D Warrants \| Vested upon issuance
Derivative [Line Items]
Warrants vesting percentage	50%
Series D Warrants \| Vested upon Levo entry into threshold amount of contracts with third parties
Derivative [Line Items]
Warrants vesting percentage	50%
Series E Warrants
Derivative [Line Items]
Number of shares called by warrants (in shares) \| shares	100,000
Warrants exercise price (in dollars per share) \| $ / shares	$ 30
Aggregate capital expenditures threshold for warrants vesting \| $	$ 375
Series E Warrants \| Vested upon issuance
Derivative [Line Items]
Warrants vesting percentage	50%
Series E Warrants \| Vested upon Levo entry into threshold amount of contracts with third parties
Derivative [Line Items]
Warrants vesting percentage	50%
Series F Warrants
Derivative [Line Items]
Number of shares called by warrants (in shares) \| shares	100,000
Warrants exercise price (in dollars per share) \| $ / shares	$ 40
Aggregate capital expenditures threshold for warrants vesting \| $	$ 500
Series F Warrants \| Vested upon issuance
Derivative [Line Items]
Warrants vesting percentage	50%
Series F Warrants \| Vested upon Levo entry into threshold amount of contracts with third parties
Derivative [Line Items]
Warrants vesting percentage	50%

Derivative and Financial Inst_4

Derivative and Financial Instruments (Changes In Fair Value) (Details) - Warrants - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Derivative, Fair Value [Roll Forward]
Beginning fair value	$ 0	$ 664
Net loss on warrants	0	(664)
Ending fair value	$ 0	$ 0

Debt (Details)

Debt (Details) $ in Thousands		3 Months Ended		6 Months Ended
Debt (Details) $ in Thousands	Apr. 10, 2023 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)
Line of Credit Facility [Line Items]
Credit agreement, outstanding		$ 20,000		$ 20,000
Unamortized debt issue costs		500		500		$ 400
Amortization of debt issuance costs		$ 100	$ 100	$ 190	$ 249
Credit Agreement
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 20,000
Principal repayment required	2,500
Commitment fee on unutilized borrowing base				0.50%
Current assets to current liabilities ratio				1
Debt to adjusted EBITDA ratio		3.25		3.25
Revolving Credit Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity	5,000
Unused borrowing capacity	$ 5,000
Letter of Credit
Line of Credit Facility [Line Items]
Maximum borrowing capacity		$ 2,500		$ 2,500
Minimum \| Credit Agreement
Line of Credit Facility [Line Items]
Ownership percentage by subsidiary				0.50
Minimum \| Credit Agreement \| London Interbank Offered Rate (LIBOR)
Line of Credit Facility [Line Items]
Variable interest rate				2.75%
Minimum \| Credit Agreement \| ABR
Line of Credit Facility [Line Items]
Variable interest rate				1.75%
Maximum \| Credit Agreement \| London Interbank Offered Rate (LIBOR)
Line of Credit Facility [Line Items]
Variable interest rate				3.50%
Maximum \| Credit Agreement \| ABR
Line of Credit Facility [Line Items]
Variable interest rate				2.50%

Gathering and Transportation _3

Gathering and Transportation Assets (Gathering and Transportation Assets) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Midstream assets	$ 85,430	$ 87,478
Midstream
Property, Plant and Equipment [Line Items]
Midstream assets	183,113	181,981
Less: Accumulated depreciation and impairment	(97,683)	(94,503)
Total gathering and transportation assets, net	$ 85,430	$ 87,478

Gathering and Transportation _4

Gathering and Transportation Assets (Narrative) (Details)	Jun. 30, 2023
Minimum \| Furniture and Equipment
Property, Plant and Equipment [Line Items]
Useful life	3 years
Maximum \| Furniture and Equipment
Property, Plant and Equipment [Line Items]
Useful life	15 years
Maximum \| Gathering Facilities
Property, Plant and Equipment [Line Items]
Useful life	36 years
Maximum \| Transportation assets
Property, Plant and Equipment [Line Items]
Useful life	40 years

Gathering and Transportation _5

Gathering and Transportation Assets (DDA and Impairments) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Property, Plant and Equipment [Line Items]
Amortization of intangible assets	$ 2,737	$ 2,737	$ 5,474	$ 6,102
Depreciation, depletion and amortization			3,412	3,531
Gathering and Transportation Related Assets
Property, Plant and Equipment [Line Items]
Depreciation, depletion and amortization	1,705	1,758	3,412	3,532
Oil and Natural Gas-Related Assets and Gathering and Transportation-Related Assets
Property, Plant and Equipment [Line Items]
Depreciation, depletion and amortization	$ 4,442	$ 4,495	$ 8,886	$ 9,634

Asset Retirement Obligation (De

Asset Retirement Obligation (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
Asset Retirement Obligation (Details) - USD ($)	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]
Asset retirement obligation, beginning balance			$ 5,121,000	$ 4,700,000	$ 4,700,000
Accretion expense	$ 113,000	$ 104,000	225,000	$ 206,000	421,000
Asset retirement obligation, ending balance	5,346,000		5,346,000		5,121,000
Legally restricted assets	$ 0		$ 0		$ 0

Intangible Assets (Details)

Intangible Assets (Details) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Amortization	$ 5,474	$ 6,100	$ 11,577
Finite-lived Intangible Assets [Roll Forward]
Beginning balance	106,752	118,329	118,329
Amortization	(5,474)	$ (6,100)	(11,577)
Ending balance	$ 101,278		$ 106,752
Customer Contracts
Finite-Lived Intangible Assets [Line Items]
Useful life	17 years

Investments (Narrative) (Detail

Investments (Narrative) (Details) a in Thousands, $ in Thousands	1 Months Ended				3 Months Ended		6 Months Ended
	May 31, 2018 a MMcf	Apr. 30, 2018 MMcf	Nov. 30, 2016 USD ($)	Jul. 31, 2016 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)
Schedule of Equity Method Investments [Line Items]
Amortization of intangible assets					$ 2,737	$ 2,737	$ 5,474	$ 6,102
Earnings (loss) from equity investments					307	$ 1,920	452	5,311
Distributions received							384	$ 9,478
Carnero Gathering, Joint Venture
Schedule of Equity Method Investments [Line Items]
Ownership interest (as a percent)				50%
Payments to acquire joint venture				$ 37,000			124,700
Assumption of capital commitments in joint venture				7,400
Daily processing capacity \| MMcf	400
Carnero Gathering, Joint Venture \| Customer Relationships
Schedule of Equity Method Investments [Line Items]
Intangible asset, fair value				$ 13,000
Agreement term (in years)				15 years
Carnero Processing, Joint Venture
Schedule of Equity Method Investments [Line Items]
Ownership interest (as a percent)			50%
Payments to acquire joint venture			$ 55,500
Assumption of capital commitments in joint venture			$ 24,500
Carnero Gathering and Carnero Processing
Schedule of Equity Method Investments [Line Items]
Ownership interest (as a percent)	50%
Carnero G&P, Joint Venture
Schedule of Equity Method Investments [Line Items]
Ownership interest (as a percent)	50%
Payments to acquire joint venture							124,700
Daily processing capacity \| MMcf	460	260
Earnings (loss) from equity investments					600		1,000
Distributions received							400
Carnero G&P, Joint Venture \| Customer Relationships
Schedule of Equity Method Investments [Line Items]
Amortization of intangible assets					$ 300		$ 600
Mesquite Energy, Inc. \| Carnero Gathering, Joint Venture \| Western Eagle Ford
Schedule of Equity Method Investments [Line Items]
Acres dedicated for gathering \| a	315
Targa \| Carnero Gathering, Joint Venture
Schedule of Equity Method Investments [Line Items]
Ownership interest (as a percent)				50%
Targa \| Carnero Processing, Joint Venture
Schedule of Equity Method Investments [Line Items]
Ownership interest (as a percent)			50%
Targa \| SIlver Oak II [Member]
Schedule of Equity Method Investments [Line Items]
Ownership interest (as a percent)	100%

Investments (Unconsolidated Ent

Investments (Unconsolidated Entities) (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2023	Jun. 30, 2022
Schedule of Equity Method Investments [Line Items]
Sales	$ 6,000	$ 12,400
Net income		(32,157)	$ (26,302)
Unconsolidated entities
Schedule of Equity Method Investments [Line Items]
Sales		34,550	68,831
Total expenses		33,788	58,293
Net income		$ 762	$ 10,538

Commitments and Contingencies (

Commitments and Contingencies (Details)	6 Months Ended
Commitments and Contingencies (Details)	Jun. 30, 2023 USD ($)
Carnero Gathering, Joint Venture
Variable Interest Entity [Line Items]
Earnout derivative liability	$ 0
Mesquite Energy, Inc.
Variable Interest Entity [Line Items]
Earnout payments	$ 0

Related Party Transactions (Det

Related Party Transactions (Details) $ in Millions		6 Months Ended
Related Party Transactions (Details) $ in Millions	Jul. 18, 2023 shares	Jun. 30, 2023 USD ($) shares	Jun. 30, 2022 USD ($)
Common Units \| Subsequent event \| One-for-Thirty Reverse Stock Split
Related Party Transaction [Line Items]
Conversion ratio	0.0333333333333333
Stonepeak Catarina \| Common Units
Related Party Transaction [Line Items]
Common units owned (in shares)		231,761,668
Common units, right to acquire (in shares)		27,017,268
Stonepeak Catarina \| Common Units \| Subsequent event
Related Party Transaction [Line Items]
Percentage of common units	82.50%
Stonepeak Catarina \| Common Units \| Subsequent event \| One-for-Thirty Reverse Stock Split
Related Party Transaction [Line Items]
Common units owned (in shares)	7,725,389
Common units, right to acquire (in shares)	900,576
SP Holdings
Related Party Transaction [Line Items]
Indirect costs \| $		$ (1.9)	$ (1.6)

Unit-Based Compensation (Unit A

Unit-Based Compensation (Unit Activity) (Details) - Restricted Stock - $ / shares	1 Months Ended		6 Months Ended
	May 31, 2023	Jan. 31, 2023	Jun. 30, 2023
LTIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested restricted units outstanding, beginning balance (in units)		119,760	119,760
Weighted average grant date fair value, beginning balance (in dollars per share)		$ 37.50	$ 37.50
Granted (in units)		625,000	190,833
Granted (in dollars per share)			$ 5.70
Vested (in units)			(170,000)
Vested (in dollars per share)			$ 6
Returned/cancelled (in units)	(2,378,988)		(79,300)
Returned/cancelled (in dollars per share)			$ 35.40
Unvested restricted units outstanding, ending balance (in units)			61,293
Weighted average grant date fair value, ending balance (in dollars per share)			$ 28.79
Inducement Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in units)			0
Returned/cancelled (in units)			(5,326,808)
Inducement Plan \| One-for-Thirty Reverse Stock Split
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested restricted units outstanding, beginning balance (in units)		383,670	383,670
Returned/cancelled (in units)			(177,560)
Unvested restricted units outstanding, ending balance (in units)			206,110

Unit-Based Compensation (Narrat

Unit-Based Compensation (Narrative) (Details) - shares		1 Months Ended			6 Months Ended
Unit-Based Compensation (Narrative) (Details) - shares	Jul. 18, 2023	May 31, 2023	Mar. 31, 2023	Jan. 31, 2023	Jun. 30, 2023
LTIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units available for future issuance (in units)					26,899,297
LTIP \| One-for-Thirty Reverse Stock Split \| Subsequent event
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units available for future issuance (in units)	896,643
Inducement Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units available for future issuance (in units)					6,183,300
Inducement Plan \| One-for-Thirty Reverse Stock Split \| Subsequent event
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units available for future issuance (in units)	206,110
Restricted Stock \| LTIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units issued (in units)				625,000	190,833
Vesting period				2 years
Units returned (in units)		2,378,988			79,300
Restricted Stock \| LTIP \| One-for-Thirty Reverse Stock Split \| Subsequent event
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units issued (in units)	20,833
Units returned (in units)	79,300
Restricted Stock \| LTIP \| Executives
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units issued (in units)			5,100,000
Restricted Stock \| LTIP \| Executives \| One-for-Thirty Reverse Stock Split \| Subsequent event
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units issued (in units)	170,000
Restricted Stock \| Inducement Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units issued (in units)					0
Units returned (in units)					5,326,808
Restricted Stock \| Inducement Plan \| One-for-Thirty Reverse Stock Split
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units returned (in units)					177,560
Restricted Stock \| Inducement Plan \| One-for-Thirty Reverse Stock Split \| Subsequent event
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units returned (in units)	177,560

Partners' Deficit (Narratives)

Partners' Deficit (Narratives) (Details) - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jul. 18, 2023	Dec. 31, 2022
Limited Partners' Capital Account [Line Items]
Units, outstanding (in units)	[1]	8,470,230			7,510,186
One-for-Thirty Reverse Stock Split
Limited Partners' Capital Account [Line Items]
Units, outstanding (in units)		254,108,374
Subsequent event
Limited Partners' Capital Account [Line Items]
Units, outstanding (in units)				8,470,230
Affiliated Entity
Limited Partners' Capital Account [Line Items]
Accrued shared services fees - related entities		$ 1,907			$ 3,839
Stonepeak Warrant
Limited Partners' Capital Account [Line Items]
Interest expense, net		$ (2,300)	$ 200
Restricted Stock Units (RSUs) \| LTIP
Limited Partners' Capital Account [Line Items]
Unvested restricted units outstanding (in units)		1,838,846
Restricted Stock Units (RSUs) \| LTIP \| Subsequent event \| One-for-Thirty Reverse Stock Split
Limited Partners' Capital Account [Line Items]
Unvested restricted units outstanding (in units)				61,293
Class C preferred units
Limited Partners' Capital Account [Line Items]
Preferred units outstanding (in units)		37,751,041
Distributions (as a percent)		14%
Interest expense, net		$ 29,800	$ 28,800
Warrant exercise period		30 days
Class C preferred units \| Settlement Agreement with Stonepeak Catarina Holdings LLC
Limited Partners' Capital Account [Line Items]
Units to be issued under agreement (in units)		23,257,663

[1]Amounts adjusted for the one-for-thirty reverse split completed July 18, 2023. See Note 15 “Partners’ Deficit.”

Partners' Deficit (Preferred Un

Partners' Deficit (Preferred Units) (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Preferred Units [Roll Forward]
Class C Preferred Units, beginning balance	$ 411,800	$ 397,387
Distribution accrual	14,917	14,413
Class C Preferred Units, ending balance	$ 426,717	$ 411,800

Partners' Deficit (Distribution

Partners' Deficit (Distributions) (Details) - shares	3 Months Ended
Partners' Deficit (Distributions) (Details) - shares	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021
Class C preferred units
Distribution Made to Limited Partner [Line Items]
Units distribution (in units)		1,276,605
Common Units
Distribution Made to Limited Partner [Line Items]
Units distribution (in units)	946,771		914,755	914,755	824,064	816,745

Variable Interest Entities (Det

Variable Interest Entities (Details) - USD ($)	1 Months Ended	6 Months Ended	12 Months Ended
Variable Interest Entities (Details) - USD ($)	Jul. 31, 2016	Jun. 30, 2023	Dec. 31, 2022
Variable Interest Entity [Line Items]
Maximum exposure to loss		$ 15,032,000	$ 14,964,000
Acquisitions, earnout and capital investments		128,781,000	128,781,000
Earnings in equity investments		(17,027,000)	(17,479,000)
Distributions received		(96,722,000)	$ (96,338,000)
Carnero Gathering, Joint Venture
Variable Interest Entity [Line Items]
Maximum exposure to loss		15,000,000
Payments to acquire joint venture	$ 37,000,000	124,700,000
Debt incurred		$ 0

Leases (Details)

Leases (Details)	Nov. 09, 2021
Leases [Abstract]
Primary term	36 months
Termination notice period	30 days

Subsequent Events (Details)

Subsequent Events (Details)	Jul. 18, 2023
Subsequent event \| One-for-Thirty Reverse Stock Split \| Common Units
Subsequent Event [Line Items]
Conversion ratio	0.0333333333333333