Net Income per Unit

3 Months Ended

Mar. 31, 2023

Earnings Per Unit [Abstract]

Net Income per Unit

Net Income per Unit

Basic net income per unit is derived by reducing net income for the 1% general partnership interest and dividing the remaining 99% by the basic weighted average number of limited partnership units outstanding for each period. Diluted net income per unit is derived by reducing net income for the 1% general partnership interest and dividing the remaining 99% by the total of the diluted weighted average number of limited partnership units outstanding for each period.

	Three Months Ended March 31,
	2023		2022
	(in thousands, except per unit amounts)
Net income attributable to AB Unitholders	$	194,151	$	260,727
Weighted average limited partnership units outstanding – basic	285,726		271,383
Dilutive effect of compensatory options to buy AB Holding Units	—		3
Weighted average limited partnership units outstanding – diluted	285,726		271,386
Basic net income per AB Unit	$	0.67	$	0.95
Diluted net income per AB Unit	$	0.67	$	0.95

There were no anti-dilutive options excluded from diluted net income in the three months ended March 31, 2023 or 2022.