Quarterly Results of Operations (Unaudited)

12 Months Ended

Dec. 31, 2012

Quarterly Results of Operations (Unaudited)

Quarterly Results of Operations (Unaudited)

27. Quarterly Results of Operations (Unaudited)

        The following summarizes the Partnership's quarterly results of operations for 2012 and 2011 (in thousands, except per unit data):

	Three months ended
	March 31		June 30		September 30			December 31
2012
Total revenue	$	350,466	$	446,053	$	283,737		$	371,510
Income from operations		51,439		258,902		9,562			61,825
Net income (loss)		16,273		187,136		(14,756	)		30,135
Net income (loss) attributable to the Partnership's unitholders		16,020		186,908		(14,340	)		31,814
Net income (loss) attributable to the Partnership's common unitholders per common unit(3):
Basic	$	0.16	$	1.74	$	(0.13	)	$	0.26
Diluted	$	0.14	$	1.47	$	(0.13	)	$	0.22

	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's unitholders		(84,029	)		78,497		140,312		(74,085	)
Net (loss) income attributable to the Partnership's common unitholders per common unit(3):
Basic	$	(1.13	)	$	1.03	$	1.77	$	(0.87	)
Diluted	$	(1.13	)	$	1.03	$	1.77	$	(0.87	)

(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 15 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 15 for further details.

(3)

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.