Loss Per Common Unit (Tables)

9 Months Ended

Dec. 31, 2021

Earnings Per Unit [Abstract]

Schedule of weighted average number of units

The following table presents our calculation of basic and diluted weighted average common units outstanding for the periods indicated:

	Three Months Ended December 31,		Nine Months Ended December 31,
	2021	2020	2021	2020
Weighted average common units outstanding during the period:
Common units - Basic	129,810,245	128,991,414	129,666,303	128,845,214
Common units - Diluted	129,810,245	128,991,414	129,666,303	128,845,214

For the three months and nine months ended December 31, 2021 and 2020, all potential common units or convertible securities were considered antidilutive.

Schedule of loss per common unit

Our loss per common unit is as follows for the periods indicated:

	Three Months Ended December 31,				Nine Months Ended December 31,
	2021		2020		2021		2020
	(in thousands, except unit and per unit amounts)
Loss from continuing operations	$	(18,982)	$	(380,423)	$	(154,691)	$	(408,201)
Less: Continuing operations loss (income) attributable to noncontrolling interests	63		34		(705)		(185)
Net loss from continuing operations attributable to NGL Energy Partners LP	(18,919)		(380,389)		(155,396)		(408,386)
Less: Distributions to preferred unitholders (1)	(26,361)		(23,770)		(77,198)		(69,594)
Less: Continuing operations net loss allocated to general partner (2)	47		404		233		477
Net loss from continuing operations allocated to common unitholders	$	(45,233)	$	(403,755)	$	(232,361)	$	(477,503)
Loss from discontinued operations, net of tax	$	—	$	(107)	$	—	$	(1,746)
Less: Discontinued operations loss allocated to general partner (2)	—		—		—		2
Net loss from discontinued operations allocated to common unitholders	$	—	$	(107)	$	—	$	(1,744)
Net loss allocated to common unitholders	$	(45,233)	$	(403,862)	$	(232,361)	$	(479,247)
Basic loss per common unit
Loss from continuing operations	$	(0.35)	$	(3.13)	$	(1.79)	$	(3.71)
Loss from discontinued operations, net of tax	$	—	$	—	$	—	$	(0.01)
Net loss	$	(0.35)	$	(3.13)	$	(1.79)	$	(3.72)
Diluted loss per common unit
Loss from continuing operations	$	(0.35)	$	(3.13)	$	(1.79)	$	(3.71)
Loss from discontinued operations, net of tax	$	—	$	—	$	—	$	(0.01)
Net loss	$	(0.35)	$	(3.13)	$	(1.79)	$	(3.72)
Basic weighted average common units outstanding	129,810,245		128,991,414		129,666,303		128,845,214
Diluted weighted average common units outstanding	129,810,245		128,991,414		129,666,303		128,845,214

(1)    Includes cumulative distributions for the three months and nine months ended December 31, 2021, which were earned but not declared or paid (see Note 8 for a further discussion of the suspension of common unit and preferred unit distributions).

(2)    Net loss allocated to the general partner includes distributions to which it is entitled as the holder of incentive distribution rights.