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Members' Equity
 12 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
Members' Equity
(9) Members' Equity

(a) Issuance of ENLC Common Units related to the Merger

In connection with the consummation of the Merger, we issued 304,822,035 ENLC common units in exchange for all of the outstanding ENLK common units not previously owned by us.

(b) ENLC Equity Distribution Agreement

On February 22, 2019, ENLC entered into the ENLC EDA with the ENLC Sales Agents to sell up to $400.0 million in aggregate gross sales of ENLC common units from time to time through an “at the market” equity offering program. Under the ENLC EDA, ENLC may also sell common units to any ENLC Sales Agent as principal for the ENLC Sales Agent’s own account at a price agreed upon at the time of sale. ENLC has no obligation to sell any ENLC common units under the ENLC EDA and may at any time suspend solicitation and offers under the ENLC EDA. As of February 19, 2020, ENLC has not sold any common units under the ENLC EDA.

(c) Earnings Per Unit and Dilution Computations

As required under ASC 260, Earnings Per Share, unvested share-based payments that entitle employees to receive non-forfeitable distributions are considered participating securities for earnings per unit calculations. The following table reflects the computation of basic and diluted earnings per unit for the periods presented (in millions, except per unit amounts):
 
Year Ended December 31,
 
2019
 
2018
 
2017
Distributed earnings allocated to:
 
 
 
 
 
Common units (1)
$
479.0

 
$
194.9

 
$
184.8

Unvested restricted units (1)
5.7

 
2.8

 
2.5

Total distributed earnings
$
484.7

 
$
197.7

 
$
187.3

Undistributed income (loss) allocated to:
 
 
 
 
 
Common units
$
(1,584.8
)
 
$
(207.9
)
 
$
25.2

Unvested restricted units
(19.2
)
 
(3.0
)
 
0.3

Total undistributed income (loss)
$
(1,604.0
)
 
$
(210.9
)
 
$
25.5

Net income (loss) allocated to:
 
 
 
 
 
Common units
$
(1,105.8
)
 
$
(13.0
)
 
$
210.0

Unvested restricted units
(13.5
)
 
(0.2
)
 
2.8

Total net income (loss)
$
(1,119.3
)
 
$
(13.2
)
 
$
212.8

Basic and diluted net income (loss) per unit:
 
 
 
 
 
Basic
$
(2.41
)
 
$
(0.07
)
 
$
1.18

Diluted
$
(2.41
)
 
$
(0.07
)
 
$
1.17

____________________________
(1)
Represents distribution activity consistent with the distribution activity table below.

The following are the unit amounts used to compute the basic and diluted earnings per unit for the years ended December 31, 2019, 2018, and 2017 (in millions):
 
Year Ended December 31,
 
2019
 
2018
 
2017
Basic weighted average units outstanding:
 
 
 
 
 
Weighted average common units outstanding
463.9

 
181.1

 
180.5

 
 
 
 
 
 
Diluted weighted average units outstanding:
 
 
 
 
 
Weighted average basic common units outstanding
463.9

 
181.1

 
180.5

Dilutive effect of non-vested restricted units (1)
—

 
—

 
1.3

Total weighted average diluted common units outstanding
463.9

 
181.1

 
181.8

____________________________
(1)
For the years ended December 31, 2019 and 2018, all common units were antidilutive because a net loss existed for that period.

All outstanding units were included in the computation of diluted earnings per unit and weighted based on the number of days such units were outstanding during the period presented.

(d) Distributions

A summary of our distribution activity relating to ENLC common units for the years ended December 31, 2019, 2018, and 2017, respectively, is provided below:
Declaration period
 
Distribution/unit
 
Date paid/payable
2019
 
 
 
 
First Quarter of 2019
 
$
0.279

 
May 14, 2019
Second Quarter of 2019
 
$
0.283

 
August 13, 2019
Third Quarter of 2019
 
$
0.283

 
November 13, 2019
Fourth Quarter of 2019
 
$
0.1875

 
February 13, 2020
 
 
 
 
 
2018
 
 
 
 
First Quarter of 2018
 
$
0.263

 
May 15, 2018
Second Quarter of 2018
 
$
0.267

 
August 14, 2018
Third Quarter of 2018
 
$
0.271

 
November 14, 2018
Fourth Quarter of 2018
 
$
0.275

 
February 14, 2019
 
 
 
 
 
2017
 
 
 
 
First Quarter of 2017
 
$
0.255

 
May 15, 2017
Second Quarter of 2017
 
$
0.255

 
August 14, 2017
Third Quarter of 2017
 
$
0.255

 
November 14, 2017
Fourth Quarter of 2017
 
$
0.259

 
February 14, 2018