Earnings per Unit (Tables)

12 Months Ended

Dec. 31, 2016

The following sets forth the calculation of earnings (loss) per unit, or EPU, for the periods indicated (in thousands, except per unit amounts):

	For the Year Ended
	December 31,
	2016			2015			2014
Net income (loss) attributable to Memorial Production Partners LP	$	(540,398	)	$	(395,877	)	$	115,582
Less: Previous owners interest in net income (loss)		—			(2,268	)		(2,465	)
Less: General partner's 0.1% interest in net income (loss) (1)		(168	)		(412	)		118
Less: IDRs attributable to corresponding period		—			112			202
Net income (loss) available to limited partners	$	(540,230	)	$	(393,309	)	$	117,727

Weighted average limited partner units outstanding:
Common units		83,351			82,897			65,498
Subordinated units		—			631			5,361
Total (2)		83,351			83,528			70,859
Basic and diluted EPU	$	(6.48	)	$	(4.71	)	$	1.66

(1)

As a result of repurchases under the MEMP Repurchase Program, our general partner had an approximate average 0.105% interest in us prior to the MEMP GP Acquisition for the five months ended May 31, 2016 and an approximate average of 0.105% interest in us for the year ended December 31, 2015.

(2)

For the year ended December 31, 2016, 3,325,318 incremental phantom units under the treasury stock method were excluded from the calculation of diluted earnings per unit, due to their antidilutive effect as we were in a loss position.