Quarterly Results of Operations (Unaudited)

12 Months Ended

Dec. 31, 2011

Quarterly Results of Operations (Unaudited)

Quarterly Results of Operations (Unaudited)

28. Quarterly Results of Operations (Unaudited)

        The following summarizes the Partnership's quarterly results of operations for 2011 and 2010 (in thousands, except per unit data):

	Three months ended
	March 31(1)			June 30		September 30		December 31(2)
2011
Total revenue	$	263,221		$	400,439	$	507,826	$	333,913
(Loss) income from operations		(15,294	)		133,214		207,801		(7,557	)
Net (loss) income		(74,671	)		89,205		153,454		(61,743	)
Net (loss) income attributable to the Partnership		(84,029	)		78,497		140,312		(74,085	)
Net (loss) income attributable to the Partnership's common unitholders per common unit(4):
Basic	$	(1.13	)	$	1.03	$	1.77	$	(0.87	)
Diluted	$	(1.13	)	$	1.03	$	1.77	$	(0.87	)

	Three months ended
	March 31		June 30		September 30			December 31(3)
2010
Total revenue	$	308,379	$	323,850	$	255,411		$	299,991
Income from operations		53,573		109,071		646			25,172
Net income (loss)		26,004		66,968		(18,676	)		(43,194	)
Net income (loss) attributable to the Partnership		21,510		60,217		(27,151	)		(54,109	)
Net income (loss) attributable to the Partnership's common unitholders per common unit(4):
Basic	$	0.32	$	0.84	$	(0.39	)	$	(0.76	)
Diluted	$	0.32	$	0.84	$	(0.39	)	$	(0.76	)

(1)

During the first quarter of 2011, the Partnership recorded a loss on redemption of debt of approximately $43.3 million related to the repurchase of the 2016 Senior Notes and a portion of 2018 Senior Notes. See Note 16 for further details.

(2)

During the fourth quarter of 2011, the Partnership recorded a loss on redemption of debt of approximately $35.5 million related to the repurchase of a portion of the 2018 Senior Notes. See Note 16 for further details.

(3)

During the fourth quarter of 2010, the Partnership recorded a loss on redemption of debt of approximately $46.3 million related to the redemption of the 2014 Senior Notes. See Note 16 for further details.

(4)

Basic and diluted net (loss) income per unit are computed independently for each of the quarters presented; therefore, the sum of the quarterly earnings per unit may not equal the total computed for the year.