Cash Distributions

6 Months Ended

Jun. 30, 2011

Cash Distributions [Abstract]

CASH DISTRIBUTIONS

5. CASH DISTRIBUTIONS

We will make distributions of available cash (as defined in our partnership agreement) from operating surplus for any quarter during any subordination period in the following manner:

• first, 98% to the common unitholders, pro rata, and 2% to our general partner, until we distribute for each outstanding common unit an amount equal to the minimum quarterly distribution for that quarter;

• second, 98% to the common unitholders, pro rata, and 2% to our general partner, until we distribute for each outstanding common unit an amount equal to any arrearages in payment of the minimum quarterly distribution on the common units for any prior quarters during the subordination period;

• third, 98% to the subordinated unitholders, pro rata, and 2% to our general partner, until we distribute for each subordinated unit an amount equal to the minimum quarterly distribution for that quarter;

• fourth, 98% to all common and subordinated unitholders, pro rata, and 2% to our general partner, until each unit has received a distribution of $0.4025;

• fifth, 85% to all common and subordinated unitholders, pro rata, and 15% to our general partner, until each unit has received a distribution of $0.4375;

• sixth, 75% to all common and subordinated unitholders, pro rata, and 25% to our general partner, until each unit has received a total of $0.525; and

• thereafter, 50% to all common and subordinated unitholders, pro rata, and 50% to our general partner.

The following table summarizes our distributions per unit for 2010 and 2011:

		Distribution per
		Limited Partner
Period Covering	Payment Date	Unit		Total Distribution (1)
1/1/2010 — 3/31/2010	May 14, 2010	$	0.4625	$	11.6	million
4/1/2010 — 6/30/2010	August 13, 2010		0.4625		11.6	million
7/1/2010 — 9/30/2010	November 12, 2010		0.4675		15.7	million
10/1/2010 — 12/31/2010	February 14, 2011		0.4725		16.0	million
1/1/2011 — 3/31/2011	May 13, 2011		0.4775		16.2	million

(1) Including distributions to our general partner on its incentive distribution rights.

On July 29, 2011, Exterran GP LLC’s board of directors approved a cash distribution of $0.4825 per limited partner unit, or approximately $19.1 million, including distributions to our general partner on its incentive distribution rights. The distribution covers the time period from April 1, 2011 through June 30, 2011. The record date for this distribution is August 9, 2011 and payment is expected to occur on August 12, 2011.