Quarterly Results of Operations (Unaudited)

12 Months Ended

Dec. 31, 2013

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 2013 and 2012 (in thousands, except per unit data):

	Three months ended(1)
	March 31(2)(3)			June 30		September 30			December 31
2013
Total revenue	$	373,273		$	415,120	$	420,516		$	453,538
Income from operations		63,663			140,022		7,763			34,495
Net (loss) income		(21,131	)		85,498		(20,027	)		(3,895	)
Net (loss) income attributable to the Partnership's unitholders		(15,458	)		83,699		(23,604	)		(6,560	)
Net (loss) income attributable to the Partnership's common unitholders per common unit(4):
Basic	$	(0.12	)	$	0.63	$	(0.17	)	$	(0.05	)
Diluted	$	(0.12	)	$	0.55	$	(0.17	)	$	(0.05	)

	Three months ended(1)
	March 31		June 30		September 30			December 31
2012
Total revenue	$	347,263	$	442,822	$	280,576		$	369,153
Income from operations		50,492		257,741		8,593			61,450
Net income (loss)		15,774		186,533		(15,265	)		29,923
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(4):
Basic	$	0.16	$	1.74	$	(0.13	)	$	0.26
Diluted	$	0.14	$	1.47	$	(0.13	)	$	0.22

(1)

Fluctuations from quarter to quarter were mainly due to changes in gains and losses from derivatives.

(2)

During the first quarter of 2013, the Partnership recorded a loss on redemption of debt of approximately $38.5 million related to the repurchase of the 2018 Senior Notes and a portion of 2021 Senior Notes and 2022 Senior Notes. See Note 16 for further details.

(3)

As discussed in Note 3, the Partnership determined that the consolidation error and impairment were immaterial to the prior periods included in the accompanying consolidated financial statements. The impact of the misstatement to the three months ended March 31, 2013 is shown in the table below (in thousands):

	Three months ended March 31, 2013
Statement of Operations	As previously reported			As restated
Revenue	$	375,952		$	373,273
Income from operations		64,350			63,663
Net (loss)		(20,764	)		(21,131	)

(4)

Basic and diluted net (loss) income per unit is 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.