Members' Equity (Tables)

3 Months Ended

Jun. 30, 2013

Members' Equity

Schedule of reconciliation of phantom units outstanding

	Number of Time- Based Units		Number of Performance-Based Units		Total Units
Balance at March 31, 2013	624,518		307,489		932,007
Granted	135,021		135,021		270,042
Forfeited	(17,217	)	(17,217	)	(34,434	)
Distribution equivalent rights	3,250		3,250		6,500
Balance at June 30, 2013	745,572		428,543		1,174,115

Schedule of net income (loss) allocation and income (loss) per unit calculation

	Three Months Ended
	June 30,
	2013			2012
Numerator:
Net income (loss) attributable to Niska Partners	$	7,967		$	(37,346	)
Less:
Managing Member’s interest	(158		)	740
Net income (loss) attributable to common and subordinated unitholders	$	7,809		$	(36,606	)
Denominator:
Basic:
Weighted average units outstanding	34,492,245			68,296,990
Diluted:
Weighted average units outstanding	34,492,245			68,296,990
Income (loss) per unit:
Basic	$	0.23		$	(0.54	)
Diluted	$	0.23		$	(0.54	)