Entity/Asset

Product Type

Contract Structure

BP2

River Rouge

Diamondback

Mars

Mardi Gras(5):

Caesar

Cleopatra

Proteus

Endymion

A 100.0% ownership interest in BP2 OpCo, which will own BP2. BP2 is a crude oil pipeline system consisting of approximately 12 miles of active pipeline and related assets, transporting crude oil for BP from the third-party owned Griffith Terminal in Griffith, Indiana (“Griffith Terminal”) to BP’s Whiting Refinery under FERC-regulated posted tariffs. The Whiting Refinery is the largest refinery in the Midwestern United States with a capacity of approximately 430 kbpd and has been in operation for more than a century. In 2013, BP finished a multi-billion dollar, multi-year modernization project at the Whiting Refinery that increased its heavy crude processing capability to take advantage of the growing supplies of heavy grade Canadian crude oil, the production of which is expected to increase by approximately 1.3 million barrels per day by 2030, according to the Canadian Association of Petroleum Producers (“CAPP”). BP currently intends to further increase the heavy crude processing capacity at the Whiting Refinery from 325 kbpd towards 350 kbpd by 2020, and BP recently expanded BP2’s capacity from approximately 240 kbpd to 475 kbpd to accommodate this growth. BP2 has the ability to ship a wide variety of crude oil types, including heavy, sour, sweet, and synthetic crude. The Whiting Refinery depends on BP2 as its primary source of Canadian heavy crude and we believe that it has a significant transportation cost advantage over Gulf Coast refiners in accessing this growing supply source. BP also has access to an alternative crude oil pipeline that delivers crude oil to the Whiting Refinery.

A 100.0% ownership interest in River Rouge OpCo, which will own River Rouge. River Rouge is a FERC-regulated refined products pipeline system consisting of approximately 244 miles of active pipeline and related assets with a capacity of approximately 80 kbpd transporting refined products for BP from BP’s Whiting Refinery to a third party’s refined products terminal in River Rouge, Michigan, a major

market outlet serving the greater Detroit, Michigan area, as well as third-party terminals along the pipeline. River Rouge is the most direct pipeline route for BP’s refined products from the Chicago area to the Detroit market and also serves four other third-party terminals along its pipeline. River Rouge is the sole source of refined products for three of these terminals.

A 100.0% ownership interest in Diamondback OpCo, which will own Diamondback. Diamondback is a diluent pipeline system consisting of approximately 42 miles of active pipeline and related assets with a capacity of approximately 135 kbpd transporting diluent from Diamondback’s Black Oak Junction in Gary, Indiana to a third-party owned pipeline in Manhattan, Illinois. The diluent is ultimately transported to Alberta, Canada to be used as a blending agent in the transportation of Canadian heavy crude oil. Black Oak Junction receives diluent from BP’s Whiting Refinery via the Wolverine Pipeline, as well as product originating from Gulf Coast and other Midcontinent supply hubs, Midwest producers and refineries.

A 28.5% ownership interest in Mars. Mars owns a major corridor crude oil pipeline system in a high-growth area of the Gulf of Mexico, delivering crude oil production received from the Mississippi Canyon area of the Gulf of Mexico to storage and distribution facilities at the Louisiana Offshore Oil Port (“LOOP”), a multi-cavern storage facility and related infrastructure located in Clovelly, Louisiana, which has access to multiple downstream markets. The Mars pipeline system is approximately 163 miles in length with mainline capacity of approximately 400 kbpd. With the Mississippi Canyon platforms that are directly connected to Mars, as well as the existing pipeline connections to Medusa, Ursa and Amberjack, we expect that Mars will be an increasingly important conduit for crude oil produced in the deepwater Gulf of Mexico to access the LOOP storage and distribution complex. Approximately 11.8% and 11.1% of Mars’ transportation volumes for the six months ended June 30, 2017 and the year ended December 31, 2016, respectively, were subject to fee-based life-of-lease transportation agreements, all of which have guaranteed rates-of-return. Volumes transported on Mars otherwise ship on posted tariffs and the shippers are established producers with whom Mars has long-standing relationships. Certain affiliates of Royal Dutch Shell plc (“Shell”) own the remaining 71.5% interest in and are expected to continue to operate Mars.

A 20.0% ownership interest in Mardi Gras, which owns a 56.0% interest in Caesar, a 53.0% interest in Cleopatra, a 65.0% interest in Proteus and a 65.0% interest in Endymion.

Caesar consists of approximately 115 miles of pipeline with an approximate capacity of 450 kbpd connecting platforms in the Southern Green Canyon area of the Gulf of Mexico with the two connecting carrier pipelines (Cameron Highway and Poseidon) for ultimate transportation to shore. Caesar is designed not only to meet the needs of the original BP-operated Green Canyon area platforms, but also to accommodate new connections for growing production in the area. Volumes are transported on Caesar under fee-based life-of-lease transportation agreements. Certain affiliates of Shell, BHP Billiton Ltd (“BHP”) and Chevron Corporation (“Chevron”) own the remaining 44.0% interest in Caesar, and beginning in the third quarter of 2017, an affiliate of Shell became the operator of Caesar.

Cleopatra is an approximately 115 mile gas gathering pipeline system with an approximate capacity of 500 MMscf/d and provides gathering and transportation for multiple gas producers in the Southern Green Canyon area of the Gulf of Mexico to the Manta Ray pipeline, which in turn connects to the Nautilus pipeline for ultimate transportation to shore. Volumes are transported on Cleopatra under fee-based life-of-lease transportation agreements. Certain affiliates of Shell, BHP, Chevron and Enbridge Energy Company, Inc. (“Enbridge”) own the remaining 47.0% interest in Cleopatra, and beginning in the third quarter of 2017, an affiliate of Shell became the operator of Cleopatra.

Proteus is an approximately 70 mile crude oil pipeline system with an approximate capacity of 425 kbpd and provides transportation into Endymion for multiple crude oil producers in the eastern Gulf of Mexico. The pipeline provides takeaway capacity for the BP-operated Thunder Horse and Noble Energy Inc. (“Noble”)-operated Thunder Hawk platforms. An affiliate of Shell is currently building the Mattox pipeline which will connect Proteus to Shell’s recently-sanctioned Appomattox platform. Proteus is also

constructing a new connecting platform that will accommodate volumes from the Mattox pipeline. In addition, the new Proteus platform will provide space for future pumping equipment and the ability to increase the capacity of the Proteus system to over 700 kbpd. A significant portion of Proteus volumes are transported under fee-based life-of-lease transportation agreements. Certain affiliates of Shell and ExxonMobil Corporation (“ExxonMobil”) own the remaining 35.0% interest in Proteus, and beginning in the third quarter of 2017, an affiliate of Shell became the operator of Proteus.

Endymion, which originates downstream of Proteus, is an approximately 90 mile crude oil pipeline system with an approximate current capacity of 425 kbpd and provides transportation for multiple oil producers in the eastern Gulf of Mexico. Endymion receives 100% of the volumes transported on Proteus and is connected to the LOOP storage complex, where Endymion contracts for storage. A significant portion of Endymion volumes are transported on Endymion under fee-based life-of-lease transportation agreements. Certain affiliates of Shell and ExxonMobil own the remaining 35.0% interest in Endymion, and beginning in the third quarter of 2017, an affiliate of Shell became the operator of Endymion.

Maintain Safe and Reliable Operations.    We are committed to safe, reliable and efficient operations, which are key components in generating stable cash flows. We strive for operational excellence by using BP Pipelines’ existing programs to integrate health, occupational safety, process safety and environmental principles throughout our business with a commitment to continuous improvement. BP Pipelines’ employees have and will continue to operate each of the Contributed Assets and have historically operated each of the Mardi Gras Joint Ventures. An affiliate of Shell operates Mars and, beginning in the third quarter of 2017, each of the Mardi Gras Joint Ventures. Both BP Pipelines and Shell are industry-leading pipeline operators that have been recognized for safety and reliability and continually invest in the maintenance and integrity of their assets. We will continue to employ BP Pipelines’ rigorous training, integrity and audit programs to drive ongoing improvements in safety as we strive for zero incidents in our operating assets.

Generate Stable, Fee-Based Cash Flows Supported by Contracts with Minimum Volume Commitments.    We are focused on generating stable and predictable cash flows by providing fee-based transportation services to BP and third parties with limited direct exposure to commodity price fluctuations. At the closing of this offering, we will have multiple fee-based commercial agreements with BP Products that include, for our onshore assets, minimum volume commitments. We believe these agreements should promote stability and predictability in our cash flows. In addition, many of our offshore assets have either commitments for dedicated production from specified fields or provide a primary supply source to major storage facilities, providing further stability to our cash flows.

Pursue Opportunities to Grow Our Business.    We will continually seek to grow our business by completing strategic acquisitions, executing organic expansion projects and increasing the utilization of our existing assets.

Growth through Strategic Acquisitions.    We plan to pursue strategic acquisitions of assets from BP and third parties. BP Pipelines has granted us a ROFO with respect to its retained ownership interest in Mardi Gras and all of its interests in midstream pipeline systems and assets related thereto in the

contiguous United States and offshore Gulf of Mexico that are owned by BP Pipelines at the closing of this offering. In addition, we believe BP will offer us opportunities to acquire additional midstream assets that it may acquire or develop in the future. We also may have opportunities to pursue the acquisition or development of additional assets jointly with BP.

Pursue Attractive Organic Growth Opportunities.    We intend to evaluate organic expansion projects that are consistent with our existing business operations and that will provide compelling returns to our unitholders. This strategy will include seeking opportunities to enhance the profitability of our existing assets by increasing throughput volumes, opportunistically attracting new third-party volumes, managing costs and enhancing operating efficiencies.

Target a Conservative and Flexible Capital Structure.    We intend to target credit metrics consistent with the profile of investment grade midstream energy companies although we do not expect to immediately seek a rating on our debt. Furthermore, we intend to maintain a balanced capital structure while pursuing (i) strategic acquisitions of assets from BP, (ii) potential organic growth opportunities, and (iii) potential third-party acquisitions.

Our Relationship with BP.    We have a strategic relationship with BP, one of the largest producers of crude oil and natural gas as well as one of the leading petroleum products refiners in the United States. BP is our most significant customer, representing 97% and 95% of our Predecessor’s revenues for the six months ended June 30, 2017 and the year ended December 31, 2016, respectively, and is also a material customer of Mars and each of the Mardi Gras Joint Ventures. For both the six months ended June 30, 2017 and the year ended December 13, 2016, BP’s volumes represented approximately 57% of the aggregate total volumes transported on the Contributed Assets, Mars and the Mardi Gras Joint Ventures. BP p.l.c. is well capitalized with an investment grade credit rating and will indirectly own our general partner, a majority of our limited partner interests and all of our incentive distribution rights. In addition, BP owns a substantial number of additional midstream assets, including an 80.0% interest in Mardi Gras. We believe that our relationship with BP will provide us with significant growth opportunities as well as a stable base of cash flows.

Strategically Located and Highly Integrated Assets.    Our initial assets are primarily located in the Midwestern United States and in the Gulf of Mexico and are strategic to BP’s North American operations.

Onshore assets.    Our Midwestern assets play a critical role in maintaining a supply of Canadian heavy crude oil to, and moving refined products and diluent from, the Whiting Refinery. BP’s Whiting Refinery is the largest refinery in the Midwest and is well positioned to access Canadian heavy crude oil. In 2013, BP finished a multi-billion dollar, multi-year modernization project at the Whiting Refinery that was one of the largest downstream initiatives in the history of BP. This project provided the Whiting Refinery with the flexibility to shift from processing primarily higher-cost sweet crude to discounted heavy crude oil, largely from Canada. BP is making further investments to increase the Whiting Refinery’s heavy crude capacity from 325 kbpd towards 350 kbpd by 2020. In order to position the Whiting Refinery to access additional Canadian crude supply, BP made a capital investment in BP2 to expand its capacity from approximately 240 kbpd to 475 kbpd. Our BP2 pipeline is strategically advantaged as the Whiting Refinery’s primary source of Canadian crude oil, although BP also has access to an alternative crude oil pipeline that delivers crude oil to the Whiting Refinery.

Offshore Assets.    Our Gulf of Mexico assets link BP and third-party producers’ offshore crude oil and natural gas production to the Gulf Coast refining and processing markets, and are located in areas of the

Gulf of Mexico that are experiencing production growth and are expected to provide additional transportation volumes. Our assets will become an increasingly important link to onshore markets following Shell’s recently sanctioned multi-billion dollar investment in the Appomattox platform and BP’s recently sanctioned $9 billion investment in the Mad Dog 2 platform (“Mad Dog 2”). Due to the difficulty of obtaining construction permits, the capital intensive nature of offshore midstream assets and the remaining capacity in existing offshore pipelines, we believe offshore assets such as ours are well-positioned to capture new volumes from the Gulf of Mexico.

Stable and Predictable Cash Flows.    Our assets primarily consist of interests in common carrier pipeline systems that generate stable revenue under FERC-regulated tariffs and long-term fee-based transportation agreements. At the closing of this offering, substantially all of our aggregate revenue on BP2, River Rouge and Diamondback will be supported by long-term commercial agreements with BP Products that include minimum volume commitments. We believe these agreements will promote our cash flow stability and predictability. BP Products’ minimum volume commitments under these agreements are expected to support approximately 52% of our projected revenues for the twelve months ending December 31, 2018, including the pro rata portion of our interest in the revenues of Mars and the Mardi Gras Joint Ventures. We also believe that our strong position as the outlet for major offshore production with growing production activity as well as our strategic importance to the Whiting Refinery will provide us with sustainable and growing cash flows.

Financial Flexibility.    At the closing of this offering, we will enter into a revolving credit facility with an affiliate of BP with $600.0 million in available capacity, under which we expect approximately $             million will be drawn at the closing of this offering for working capital purposes. We believe that we will have the financial flexibility to execute our growth strategy through borrowing capacity under our revolving credit facility and access to capital markets.

Experienced Management Team.    Our management team has substantial experience in the management and operation of pipelines and other midstream assets. Our management team also has expertise in executing optimization strategies in the midstream sector. Our management team consists of members of BP Pipelines’ and BP’s senior management, who average over 30 years of experience in the energy industry.

Pipeline

BP2

BP2

BP2

River Rouge

Diamondback

Diamondback

the initial presentation of two years of audited financial statements and two years of related Management’s Discussion and Analysis of Financial Condition and Results of Operations in the registration statement of an initial public offering of common equity securities;

exemption from the auditor attestation requirement on the effectiveness of our system of internal controls over financial reporting; and

delayed adoption of new or revised financial accounting standards.

We may not have sufficient cash available for distribution following the establishment of cash reserves and payment of fees and expenses, including cost reimbursements to our general partner and its affiliates, to enable us to pay minimum quarterly distributions to our unitholders.

The assumptions underlying the forecast of cash available for distribution that we include in “Cash Distribution Policy and Restrictions on Distributions” are inherently uncertain and subject to significant business, economic, financial, regulatory and competitive risks and uncertainties that could cause our actual cash available for distribution to differ materially from our forecast.

We own certain of our assets through joint ventures that we do not operate, and our control of such assets is limited by provisions of the agreements we have entered into with our joint venture partners and by our percentage ownership in such joint ventures.

BP Products is under no obligation to enter into new minimum volume commitment agreements following their respective terms, and may terminate its obligations earlier under certain specified circumstances, which could have a material adverse effect on our financial condition, results of operations, cash flows and ability to make distributions to our unitholders.

Our profitability and cash flow are dependent on our ability to maintain the current volumes of crude oil, natural gas, refined products or diluent that we transport, which often depend on actions and commitments by parties beyond our control. In order to maintain or increase the volumes transported on our assets, our customers must continually obtain new supplies of crude oil, which is expensive, particularly in offshore Gulf of Mexico.

Substantially all of the volumes that we transport through our onshore pipelines are dependent on the ongoing operation of the Whiting Refinery. A material decrease in the utilization of and/or demand for refined products or diluent from the Whiting Refinery could materially reduce the volumes of crude oil, refined products or diluent that we handle, which could adversely affect our financial condition, results of operations, cash flows and ability to make distributions to our unitholders.

We are dependent on BP for a substantial majority of the crude oil, natural gas, refined products and diluent that we transport. If BP changes its business strategy, is unable for any reason, including financial or other limitations, to satisfy its obligations under our commercial agreements or significantly reduces the volumes transported through our pipelines, our revenue would decline and our financial condition, results of operations, cash flows, and ability to make distributions to our unitholders would be materially and adversely affected.

BP Holdco owns and controls our general partner, which has sole responsibility for conducting our business and managing our operations. Our general partner and its affiliates, including BP Pipelines, may have conflicts of interest with us and have limited duties to us, and they may favor their own interests to our detriment and that of our unitholders.

The board of directors of our general partner may modify or revoke our cash distribution policy at any time at its discretion. Our partnership agreement does not require us to pay any distributions at all.

We expect to distribute a significant portion of our cash available for distribution to our partners, which could limit our ability to grow and make acquisitions.

Because our partnership agreement contains provisions that replace the standards to which our general partner would otherwise be held by state fiduciary duty law, it restricts the remedies available to holders

of our units for actions taken by our general partner that might otherwise constitute breaches of fiduciary duty.

BP Pipelines and other affiliates of our general partner may compete with us.

The fees and reimbursements due to our general partner and its affiliates, including BP Pipelines, for services provided to us or on our behalf will reduce our cash available for distribution. In certain cases, the amount and timing of such reimbursements will be determined by our general partner and its affiliates, including BP Pipelines.

Unitholders have limited voting rights and are not entitled to elect our general partner or its directors, which could reduce the price at which our common units will trade.

If you are an ineligible holder, your common units may be subject to redemption.

Even if holders of our common units are dissatisfied, they cannot initially remove our general partner without its consent.

We may issue an unlimited number of additional partnership interests, including units ranking senior to the common units, without unitholder approval, which would dilute existing unitholder ownership interests.

Our partnership agreement restricts the voting rights of unitholders owning 20% or more of our common units.

There is no existing market for our common units and a trading market that will provide you with adequate liquidity may not develop. The price of our common units may fluctuate significantly, and unitholders could lose all or part of their investment.

Our tax treatment depends on our status as a partnership for federal income tax purposes and not being subject to a material amount of entity-level taxation. If the Internal Revenue Service (“IRS”) were to treat us as a corporation for federal income tax purposes, or if we become subject to entity-level taxation for state tax purposes, our cash available for distribution to unitholders would be substantially reduced.

The tax treatment of publicly traded partnerships or an investment in our common units could be subject to potential legislative, judicial or administrative changes or differing interpretations, possibly applied on a retroactive basis.

Our general partner may elect to convert or restructure the partnership to an entity taxable as a corporation for U.S. federal income tax purposes without unitholder consent.

If the IRS were to contest the federal income tax positions we take, it may adversely impact the market for our common units, and the costs of any such contest would reduce cash available for distribution to our unitholders.

Even if unitholders do not receive any cash distributions from us, they will be required to pay taxes on their share of our taxable income.

BP Holdco, a wholly owned subsidiary of BP Pipelines, will contribute a 100.0% ownership interest in BP2 OpCo to us;

BP Holdco will contribute a 100.0% ownership interest in River Rouge OpCo to us;

BP Holdco will contribute a 100.0% ownership interest in Diamondback OpCo to us;

BP Holdco will contribute a 28.5% ownership interest in Mars to us;

BP Holdco will contribute a 20.0% ownership interest in Mardi Gras to us. Our 20.0% interest in Mardi Gras will be a managing member interest that provides us with the right to vote BP Pipelines’ and its affiliates’ retained 80.0% ownership interest in Mardi Gras, allowing us to control voting for 100.0% of Mardi Gras’ interest in each of the Mardi Gras Joint Ventures;

we will issue              common units and      subordinated units, representing an aggregate     % limited partner interest in us, to BP Holdco;

we will issue all of our incentive distribution rights to our general partner;

we will issue              common units to the public in this offering, representing a     % limited partner interest in us, and will apply the net proceeds as described in “Use of Proceeds”;

we will enter into a revolving credit facility with an affiliate of BP with $600.0 million in available capacity, under which we expect approximately $             million will be drawn at the closing of this offering for working capital purposes; and

we and our general partner will enter into an omnibus agreement with BP Pipelines pursuant to which we will agree, among other things, (i) to pay our general partner an annual fee for general and administrative services to be provided to us, (ii) to reimburse personnel and other costs related to the direct operation, management and maintenance of the assets and (iii) to the terms upon which BP Products will grant us a ROFO with respect to the Subject Assets.

Public common units

Interests of BP and affiliates:

BP Holdco common units

BP Holdco subordinated units

General partner interest

Total

Common units offered to the public

Units outstanding after this offering

Use of proceeds

Cash distributions

first, to the holders of common units, until each common unit has received the minimum quarterly distribution of $             plus any arrearages from prior quarters;

second, to the holders of subordinated units, until each subordinated unit has received the minimum quarterly distribution of $         ; and

third, to the holders of common units and subordinated units, pro rata, until each has received a distribution of $            .

On a pro forma basis, assuming we had completed this offering and the related formation transactions on January 1, 2016, our cash available for distribution for the twelve months ended June 30, 2017 and the year ended December 31, 2016 would have been approximately $113.4 million and $116.6 million, respectively. As a result, we would have had sufficient cash available for distribution to pay the full minimum quarterly distribution of $             on all of our common units and subordinated units for the twelve months ended June 30, 2017 and the year ended December 31, 2016. Please read “Cash Distribution Policy and Restrictions on Distributions—Unaudited Pro Forma Cash

Available for Distribution for the Twelve Months Ended June 30, 2017 and the Year Ended December 31, 2016.”

Subordinated units

Conversion of subordinated units

General partner’s right to reset the target distribution levels

Our general partner, as the initial holder of our incentive distribution rights, will have the right, at any time when there are no subordinated units outstanding and we have made distributions in excess of the

highest then-applicable target distribution for the prior four consecutive fiscal quarters, to reset the initial target distribution levels at higher levels based on our cash distributions at the time of the exercise of the reset election. If our general partner transfers all or a portion of our incentive distribution rights in the future, then the holder or holders of a majority of our incentive distribution rights will be entitled to exercise this right. Following a reset election, the minimum quarterly distribution will be adjusted to equal the distribution for the quarter immediately preceding the reset, and the target distribution levels will be reset to correspondingly higher levels based on the same percentage increases above the reset minimum quarterly distribution as the initial target distribution levels were above the minimum quarterly distribution.

Issuance of additional units

Limited voting rights

Limited call right

Eligible Holders and redemption

Estimated ratio of taxable income to distributions

Material federal income tax consequences

Exchange listing

Mars.    For accounting purposes, we will not control Mars. Accordingly, we will account for our ownership interest in Mars using the equity method of accounting, and the percentage of Mars’ net income attributable to our 28.5% ownership interest will be shown as income from equity investment in our consolidated statements of operations going forward.

Mardi Gras.    Through our 20.0% managing member ownership interest in Mardi Gras, we will control Mardi Gras for accounting purposes and will consolidate the results of Mardi Gras. The 80.0% ownership interest in Mardi Gras retained by BP Pipelines will be reflected as a noncontrolling interest in our consolidated financial statements going forward. However, Mardi Gras’ only assets are its interests in the Mardi Gras Joint Ventures, and Mardi Gras accounts for its ownership interests in these joint ventures using the equity method of accounting. For additional information regarding the historical results of operations of each of the Mardi Gras Joint Ventures, refer to the audited historical financial statements as of and for the years ended December 31, 2016 and 2015 and unaudited historical financial statements as of and for the six months ended June 30, 2017 and 2016 for each of Caesar, Cleopatra, Proteus and Endymion included elsewhere in this prospectus.

the contribution by BP Holdco to us of a 28.5% ownership interest in Mars;

the contribution by BP Holdco to us of a 20.0% ownership interest in Mardi Gras; and

our entry into an omnibus agreement with BP Pipelines and certain of its affiliates, including our general partner, pursuant to which, among other things, we will pay an annual fee, initially $13.3 million, to BP Pipelines for general and administrative services, and, in addition, reimburse personnel and other costs related to the direct operation, management and maintenance of the assets.

the issuance of                     common units to the public, our general partner interest and the incentive distribution rights to our general partner and                     common units and             subordinated units to BP Holdco; and

the application of the net proceeds of this offering as described in “Use of Proceeds.”

Statement of Operations Data:

Total revenue

Costs and expenses

Operating expenses(1)

Maintenance expenses(2)

(Gain)/Loss from disposition of property, equipment and equity method investments, net

General and administrative

Depreciation

Property and other taxes

Total costs and expenses

Operating income

Income from equity investments—Mars

Income from equity investments—Mardi Gras Joint Ventures

Other (loss) income

Interest expense, net

Income tax expense

Net income

Less: Total net income attributable to noncontrolling interest in consolidated subsidiary (Mardi Gras)

Net income attributable to BP Midstream Partners LP

Net income per limited partners’ unit (basic and diluted)

Common units

Subordinated units

Balance Sheet Data (at period end):

Property, plant and equipment

Equity method investments—Mars

Equity method investments—Mardi Gras Joint Ventures

Total assets

Statement of Cash Flow Data:

Net cash provided by (used in):

Operating activities

Investing activities

Financing activities

Other Data:(7)

Adjusted EBITDA(3)

Predecessor:

Capital expenditures: