XML 52 R35.htm IDEA: XBRL DOCUMENT v3.20.4
Certain Provisions of the Partnership Agreement (Tables)
12 Months Ended
Dec. 31, 2020
Partners' Capital [Abstract]  
Summary of Distribution Activity
A summary of the distribution activity relating to the Series B Preferred Units for the years ended December 31, 2020, 2019, and 2018 is provided below:
Declaration periodDistribution
paid as additional Series B Preferred Units
Cash distribution
(in millions)
Date paid/payable
2020
First Quarter of 2020149,371 $16.8 May 13, 2020
Second Quarter of 2020149,745 $16.8 August 13, 2020
Third Quarter of 2020150,119 $16.9 November 13, 2020
Fourth Quarter of 2020150,494 $16.9 February 12, 2021
2019
First Quarter of 2019147,887 $16.7 May 14, 2019
Second Quarter of 2019148,257 $17.1 August 13, 2019
Third Quarter of 2019148,627 $17.1 November 13, 2019
Fourth Quarter of 2019148,999 $16.8 February 13, 2020
2018
First Quarter of 2018416,657 $16.2 May 14, 2018
Second Quarter of 2018419,678 $16.3 August 13, 2018
Third Quarter of 2018422,720 $16.4 November 13, 2018
Fourth Quarter of 2018425,785 $16.5 February 13, 2019
A summary of ENLK’s distribution activity relating to the common units for periods prior to the Merger is provided below:
Declaration periodDistribution/unitDate 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$0.390 February 13, 2019
Incentive Distributions
For the year ended December 31, 2018, the General Partner’s share of net income (loss) consisted of incentive distribution rights to the extent earned, a deduction for unit-based compensation attributable to ENLC’s restricted units, and the percentage interest of ENLK’s net income (loss) adjusted for ENLC’s unit-based compensation specifically allocated to the General Partner. For the years ended December 31, 2020, 2019, and 2018, the net income (loss) allocated to the General Partner is as follows (in millions):
Year Ended December 31,
202020192018
Income allocation for incentive distributions$— $— $59.5 
Unit-based compensation attributable to ENLC’s restricted and performance units(33.0)(37.0)(20.3)
General Partner share of net loss(0.6)(1.4)(0.6)
General Partner interest in EOGP acquisition— 2.4 27.5 
General Partner interest in net income (loss)$(33.6)$(36.0)$66.1