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Members' Equity (Tables)
9 Months Ended
Sep. 30, 2020
Earnings Per Share [Abstract]  
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
September 30,
Nine Months Ended
September 30,
2020201920202019
Distributed earnings allocated to:
Common units (1)(2)$45.9 $138.0 $137.6 $385.2 
Unvested restricted units (1)(2)0.7 1.6 2.3 4.6 
Total distributed earnings$46.6 $139.6 $139.9 $389.8 
Undistributed loss allocated to:
Common units$(33.4)$(126.3)$(403.0)$(563.6)
Unvested restricted units(0.6)(1.5)(7.0)(6.8)
Total undistributed loss$(34.0)$(127.8)$(410.0)$(570.4)
Net income (loss) allocated to:
Common units$12.5 $11.7 $(265.4)$(178.4)
Unvested restricted units0.1 0.1 (4.7)(2.2)
Total net income (loss)$12.6 $11.8 $(270.1)$(180.6)
Basic and diluted net income (loss) per unit:
Basic$0.03 $0.02 $(0.55)$(0.40)
Diluted$0.03 $0.02 $(0.55)$(0.40)
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(1)For the three months ended September 30, 2020 and 2019, distributed earnings represent a declared distribution of $0.09375 per unit payable on November 13, 2020 and a distribution of $0.283 per unit paid on November 13, 2019, respectively.
(2)For the nine months ended September 30, 2020, distributed earnings included a declared distribution of $0.09375 per unit payable on November 13, 2020, $0.09375 per unit paid on August 13, 2020, and $0.09375 per unit paid on May 13, 2020. For the nine months ended September 30, 2019, distributed earnings included distributions of $0.283 per unit paid on November 13, 2019, $0.283 per unit paid on August 13, 2019, and $0.279 per unit paid on May 14, 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
September 30,
Nine Months Ended
September 30,
2020201920202019
Basic weighted average units outstanding:
Weighted average common units outstanding489.7 487.4 489.2 455.9 
Diluted weighted average units outstanding:
Weighted average basic common units outstanding489.7 487.4 489.2 455.9 
Dilutive effect of non-vested restricted units (1)1.2 2.0 — — 
Total weighted average diluted common units outstanding490.9 489.4 489.2 455.9 
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(1)All common unit equivalents were antidilutive for the nine months ended September 30, 2020 and September 30, 2019, respectively, 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 nine months ended September 30, 2020 and 2019, respectively, is provided below:
Declaration periodDistribution/unitDate 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
Third Quarter of 2020$0.09375 November 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
Third Quarter of 2019$0.283 November 13, 2019