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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenue:        
Natural gas sales $ 97,614 [1] $ 120,815 [1] $ 253,819 [1] $ 348,538 [1]
Natural gas liquids sales 205,464 191,370 589,431 521,129
Transportation, compression and processing fees 49,314 [1],[2] 30,337 [1],[2] 132,394 [1],[2] 82,706 [1],[2]
Condensate and other 14,001 [1] 11,169 [1] 45,280 [1] 37,299 [1]
Total revenue 366,393 353,691 1,020,924 989,672
Costs and expenses:        
Cost of natural gas and natural gas liquids 284,936 [1],[3],[4] 281,858 [1],[3],[4] 789,369 [1],[3],[4] 779,986 [1],[3],[4]
Transportation 6,365 [1],[4],[5] 6,991 [1],[4],[5] 18,785 [1],[4],[5] 19,202 [1],[4],[5]
Operations and maintenance 19,242 16,091 56,171 46,953
Depreciation and amortization 19,259 16,911 57,409 51,143
Impairment   5,000 28,744 5,000
General and administrative 13,697 [1] 10,031 [1] 38,939 [1] 34,530 [1]
Taxes other than income 1,983 1,502 5,459 4,029
Equity in (earnings) loss from unconsolidated affiliates (12,558) 161,589 89,733 158,581
Gain on sale of operating assets (9,716)   (9,716)  
Total costs and expenses 323,208 499,973 1,074,893 1,099,424
Operating income (loss) 43,185 (146,282) (53,969) (109,752)
Other income (expense):        
Interest and other income 11 16 570 31
Loss on refinancing of unsecured debt       (18,233)
Interest and other financing costs (13,797) (11,080) (42,823) (34,450)
Income (loss) before income taxes 29,399 (157,346) (96,222) (162,404)
Provision for income taxes (474) (390) (1,406) (1,161)
Net income (loss) 28,925 (157,736) (97,628) (163,565)
Preferred unit distributions (9,138) (8,279) (26,751) (24,235)
Net income (loss) to common units $ 19,787 $ (166,015) $ (124,379) $ (187,800)
Basic net income (loss) per common unit:        
Net income (loss) per common unit (in dollars per unit) $ 0.27 $ (2.51) $ (1.73) $ (2.84)
Weighted average number of common units (in units) 72,395 66,246 71,887 66,125
Diluted net income (loss) per common unit:        
Net income (loss) per common unit (in dollars per unit) $ 0.23 $ (2.51) $ (1.73) $ (2.84)
Weighted average number of common units (in units) 85,682 66,246 71,887 66,125
Distributions declared per common unit (in dollars per unit) $ 0.575 $ 0.575 $ 1.725 $ 1.725
[1] Inclusive of related party transactions discussed in Note 8.
[2] Inclusive of affiliate transactions totaling $5,189 and $739 for the three months ended September 30, 2012 and 2011, respectively, and inclusive of affiliate transactions totaling $10,847 and $742 for the nine months ended September 30, 2012 and 2011, respectively.
[3] Inclusive of affiliate transactions totaling $47,971 and $7,757 for the three months ended September 30, 2012 and 2011, respectively, and inclusive of affiliate transactions totaling $105,729 and $7,476 for the nine months ended September 30, 2012 and 2011, respectively.
[4] Exclusive of operations and maintenance, depreciation and amortization and impairment shown separately below.
[5] Inclusive of affiliate transactions totaling $2,576 and $1,958 for the three months ended September 30, 2012 and 2011, respectively, and inclusive of affiliate transactions totaling $7,079 and $4,769 for the nine months ended September 30, 2012 and 2011, respectively.