Net Income or Loss per Limited Partner Unit (Notes)

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Net Income or Loss per Limited Partner Unit

16. Net Income or Loss per Limited Partner Unit

Prior to the equity restructuring transaction, we used the two-class method when calculating the net income unit applicable to limited partners, because we had more than one participating security consisting of limited partner common units, general partner units and IDRs. Subsequent to the equity restructuring transaction that occurred on November 6, 2019, our general partner and its IDRs no longer participate in earnings or distributions.

There were 350,820 restricted phantom units outstanding as of March 31, 2020 that were excluded from the calculation of diluted net loss per unit for the periods presented because including them would have been anti-dilutive. We have the ability to elect to settle restricted phantom units at our discretion in either cash or common units. For units granted during 2020, we have the ability and intent to settle vested units through the issuance of common units.