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Earnings Per Limited Partner Unit (Tables)
 6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block] The following table summarizes information regarding the weighted-average of common units excluded during the three and six months ended June 30, 2020 and 2019 (in millions):
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2020
 
2019
 
2020
 
2019
Preferred units (1)
7.1

 
—

 
7.1

 
7.1

Crestwood Niobrara’s preferred units(1)
8.2

 
—

 
8.2

 
—

Unit-based compensation performance units(1)
0.2

 
—

 
0.3

 
—

Subordinated units(1)
0.4

 
—

 
0.4

 
—

(1)
For additional information regarding the potential conversion/redemption of our preferred units and Crestwood Niobrara’s preferred units to CEQP common units, and of our performance units and subordinated units, see our 2019 Annual Report on Form 10-K.

The table below shows CEQP’s net income per limited partner unit based on the number of basic and diluted limited partner units outstanding for the three and six months ended June 30, 2020 and 2019 (in millions, except for per unit data):
 
 
Three Months Ended
 
Six Months Ended
 
 
June 30,
 
June 30,
 
 
2020
 
2019
 
2020
 
2019
Common unitholders’ interest in net income (loss)
 
$
(49.5
)
 
$
198.2

 
$
(97.8
)
 
$
193.3

Dilutive effect of net income attributable to preferred units
 
—

 
15.0

 
—

 
—

Dilutive effect of net income attributable to subordinated units
 
—

 
1.2

 
—

 
1.2

Diluted net income (loss)
 
$
(49.5
)
 
$
214.4

 
$
(97.8
)
 
$
194.5

 
 
 
 
 
 
 
 
 
Weighted-average limited partners’ units outstanding - basic
 
73.2

 
71.8

 
73.0

 
71.8

Dilutive effect of preferred units
 
—

 
7.1

 
—

 
—

Dilutive effect of Crestwood Niobrara preferred units
 
—

 
3.4

 
—

 
4.5

Dilutive effect of stock-based compensation performance units
 
—

 
0.3

 
—

 
0.3

Dilutive effect of subordinated units
 
—

 
0.4

 
—

 
0.4

Weighted-average limited partners’ units outstanding - diluted
 
73.2

 
83.0

 
73.0

 
77.0

 
 
 
 
 
 
 
 
 
Basic earnings per unit:
 
 
 
 
 
 
 
 
Net income (loss) per limited partner unit
 
$
(0.68
)
 
$
2.76

 
$
(1.34
)
 
$
2.69

Diluted earnings per unit:
 
 
 
 
 
 
 
 
Net income (loss) per limited partner unit
 
$
(0.68
)
 
$
2.58

 
$
(1.34
)
 
$
2.53