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Quarterly Financial Information (Unaudited)
12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information (Unaudited)

Note 16. Quarterly Financial Information (Unaudited)

The following tables present selected quarterly financial data for the periods indicated. Earnings per unit are computed independently for each of the quarters presented and the sum of the quarterly earnings per unit may not necessarily equal the total for the year.  

 

First

 

 

Second

 

 

Third

 

 

Fourth

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

 

(In thousands, except per unit amounts)

 

For the Year Ended December 31, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

$

60,866

 

 

$

68,066

 

 

$

74,222

 

 

$

81,426

 

Operating income (loss)

 

(5,449

)

 

 

(156,971

)

 

 

(6,336

)

 

 

(267,783

)

Net income (loss)

 

(38,097

)

 

 

(147,550

)

 

 

(32,866

)

 

 

(321,885

)

Net income (loss) attributable to Memorial Production Partners LP

 

(38,097

)

 

 

(147,550

)

 

 

(32,866

)

 

 

(321,885

)

Limited partners’ interest in net income (loss)

 

(38,057

)

 

 

(147,422

)

 

 

(32,866

)

 

 

(321,885

)

Basic and diluted earnings per unit

 

(0.46

)

 

 

(1.78

)

 

 

(0.39

)

 

 

(3.85

)

 

 

First

 

 

Second

 

 

Third

 

 

Fourth

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

 

(In thousands, except per unit amounts)

 

For the Year Ended December 31, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

$

92,818

 

 

$

98,138

 

 

$

88,083

 

 

$

79,108

 

Operating income (loss)

 

(136,370

)

 

 

(85,197

)

 

 

(160,844

)

 

 

99,434

 

Net income (loss)

 

(162,658

)

 

 

(113,859

)

 

 

(191,981

)

 

 

73,007

 

Net income (loss) attributable to Memorial Production Partners LP

 

(162,817

)

 

 

(113,924

)

 

 

(192,085

)

 

 

72,949

 

Net income (loss) allocated to previous owners

 

(2,268

)

 

 

 

 

 

 

 

 

 

Net income (loss) noncontrolling interest

 

159

 

 

 

65

 

 

 

104

 

 

 

58

 

Limited partners’ interest in net income (loss)

 

(160,439

)

 

 

(113,862

)

 

 

(191,938

)

 

 

72,874

 

Basic and diluted earnings per unit

 

(1.90

)

 

 

(1.36

)

 

 

(2.31

)

 

 

0.88

 

See Notes 3 and 11 for additional information regarding earnings per unit.