XML 50 R36.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Certain Provisions of the Partnership Agreement (Tables)
 12 Months Ended
Dec. 31, 2019
Partners' Capital [Abstract]  
Summary of Distribution Activity
A summary of ENLK’s distribution activity relating to the common units for periods prior to the Merger is provided below:
Declaration period
 
Distribution/unit
 
Date paid/payable
2018
 
 
 
 
First Quarter of 2018
 
$
0.390

 
May 14, 2018
Second Quarter of 2018
 
$
0.390

 
August 13, 2018
Third Quarter of 2018
 
$
0.390

 
November 13, 2018
Fourth Quarter of 2018
 
$
0.390

 
February 13, 2019
 
 
 
 
 
2017
 
 
 
 
First Quarter of 2017
 
$
0.390

 
May 12, 2017
Second Quarter of 2017
 
$
0.390

 
August 11, 2017
Third Quarter of 2017
 
$
0.390

 
November 13, 2017
Fourth Quarter of 2017
 
$
0.390

 
February 13, 2018

A summary of the distribution activity relating to the Series B Preferred Units for the years ended December 31, 2019, 2018, and 2017 is provided below:
Declaration period
 
Distribution
paid as additional Series B Preferred Units
 
Cash distribution
(in millions)
 
Date paid/payable
2019
 
 
 
 
 
 
First Quarter of 2019
 
147,887

 
$
16.7

 
May 14, 2019
Second Quarter of 2019
 
148,257

 
$
17.1

 
August 13, 2019
Third Quarter of 2019
 
148,627

 
$
17.1

 
November 13, 2019
Fourth Quarter of 2019
 
148,999

 
$
16.8

 
February 13, 2020
 
 
 
 
 
 
 
2018
 
 
 
 
 
 
First Quarter of 2018
 
416,657

 
$
16.2

 
May 14, 2018
Second Quarter of 2018
 
419,678

 
$
16.3

 
August 13, 2018
Third Quarter of 2018
 
422,720

 
$
16.4

 
November 13, 2018
Fourth Quarter of 2018
 
425,785

 
$
16.5

 
February 13, 2019
 
 
 
 
 
 
 
2017
 
 
 
 
 
 
First Quarter of 2017
 
1,154,147

 
$
—

 
May 12, 2017
Second Quarter of 2017
 
1,178,672

 
$
—

 
August 11, 2017
Third Quarter of 2017
 
410,681

 
$
15.9

 
November 13, 2017
Fourth Quarter of 2017
 
413,658

 
$
16.1

 
February 13, 2018
Incentive Distributions
For the years ended December 31, 2018 and 2017, the General Partner’s share of net income consisted of incentive distribution rights to the extent earned, a deduction for unit-based compensation attributable to ENLC’s restricted units, and the percentage interest of ENLK’s net income adjusted for ENLC’s unit-based compensation specifically allocated to the General Partner. For the years ended December 31, 2019, 2018, and 2017, the net income allocated to the General Partner is as follows (in millions):
 
Year Ended December 31,
 
2019
 
2018
 
2017
Income allocation for incentive distributions
$
—

 
$
59.5

 
$
58.9

Unit-based compensation attributable to ENLC’s restricted and performance units
(37.0
)
 
(20.3
)
 
(21.0
)
General Partner share of net income (loss)
(1.4
)
 
(0.6
)
 
0.4

General Partner interest in EOGP acquisition
2.4

 
27.5

 
4.8

General Partner interest in net income (loss)
$
(36.0
)
 
$
66.1

 
$
43.1