Members' Equity (Tables)

6 Months Ended

Jun. 30, 2020

Computation of Basic and Diluted Earnings per Limited Partner Unit

The following table reflects the computation of basic and diluted earnings per unit for the periods presented (in millions, except per unit amounts):


	Three Months Ended June 30,						Six Months Ended June 30,
	2020		2019		2020		2019
Distributed earnings allocated to:
Common units (1)	$	45.9	$	137.8	$	91.7	$	247.2
Unvested restricted units (1)	0.8		1.8		1.6		3.0
Total distributed earnings	$	46.7	$	139.6	$	93.3	$	250.2
Undistributed loss allocated to:
Common units	$	(42.2)	$	(153.5)	$	(369.6)	$	(437.3)
Unvested restricted units	(0.4)		(2.2)		(6.4)		(5.3)
Total undistributed loss	$	(42.6)	$	(155.7)	$	(376.0)	$	(442.6)
Net income (loss) allocated to:
Common units	$	3.7	$	(15.7)	$	(277.9)	$	(190.1)
Unvested restricted units	0.4		(0.4)		(4.8)		(2.3)
Total net income (loss)	$	4.1	$	(16.1)	$	(282.7)	$	(192.4)
Basic and diluted net income (loss) per unit:
Basic	$	0.01	$	(0.03)	$	(0.58)	$	(0.44)
Diluted	$	0.01	$	(0.03)	$	(0.58)	$	(0.44)

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(1)For the three months ended June 30, 2020 and 2019, distributed earnings represent a declared distribution of $0.09375 per unit payable on August 13, 2020 and a distribution of $0.283 per unit paid on August 13, 2019, respectively.

(2)For the six months ended June 30, 2020, distributed earnings included a distribution of $0.09375 per unit paid on May 13, 2020 and a declared distribution of $0.09375 per unit payable on August 13, 2020. For the six months ended June 30, 2019, distributed earnings included distributions of $0.279 per unit paid on May 14, 2019 and $0.283 per unit paid on August 13, 2019.

Schedule of Unit Amounts Used to Computer Earnings per Unit

The following are the unit amounts used to compute the basic and diluted earnings per unit for the periods presented (in millions):


	Three Months Ended June 30,			Six Months Ended June 30,
	2020	2019	2020	2019
Basic weighted average units outstanding:
Weighted average common units outstanding	489.3	487.2	489.0	439.9

Diluted weighted average units outstanding:
Weighted average basic common units outstanding	489.3	487.2	489.0	439.9
Dilutive effect of non-vested restricted units (1)	1.1	—	—	—

Total weighted average diluted common units outstanding	490.4	487.2	489.0	439.9

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(1)All common unit equivalents were antidilutive for the six months ended June 30, 2020 and for the three and six months ended June 30, 2019 since a net loss existed for those periods.

Summary of Distribution Activity

A summary of our distribution activity relating to the ENLC common units for the six months ended June 30, 2020 and 2019, respectively, is provided below:


Declaration period	Distribution/unit		Date paid/payable
2020
Fourth Quarter of 2019	$	0.1875	February 13, 2020
First Quarter of 2020	$	0.09375	May 13, 2020
Second Quarter of 2020	$	0.09375	August 13, 2020


2019
Fourth Quarter of 2018	$	0.275	February 14, 2019
First Quarter of 2019	$	0.279	May 14, 2019
Second Quarter of 2019	$	0.283	August 13, 2019