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Members' Equity
 6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Members' Equity
(8) Members’ Equity

a.Common Unit Repurchase Program

In November 2020, the board of directors of the Managing Member (the “Board”) authorized a common unit repurchase program for the repurchase of up to $100.0 million of outstanding ENLC common units and reauthorized such program in April 2021. The Board reauthorized ENLC’s common unit repurchase program and reset the amount available for repurchases of outstanding common units at up to $100.0 million effective January 1, 2022. In July 2022, the Board increased the amount available for repurchases to $200.0 million. Repurchases under the common unit repurchase program will be made, in accordance with applicable securities laws, from time to time in open market or private transactions and may be made pursuant to a trading plan meeting the requirements of Rule 10b5-1 under the Exchange Act. The repurchases will depend on market conditions and may be discontinued at any time.

On February 15, 2022, we and GIP entered into an agreement pursuant to which we agreed to repurchase, on a quarterly basis, a pro rata portion of the ENLC common units held by GIP, based upon the number of common units purchased by us during the preceding quarter from public unitholders under our common unit repurchase program. See “Note 4—Related Party Transactions” above.

The following table summarizes our ENLC common unit repurchase activity for the three and six months ended June 30, 2022 and 2021 (in millions, except for unit amounts):
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Publicly held ENLC common units repurchased2,921,370 317,751 5,015,212 317,751 
ENLC common units held by GIP repurchased (1)675,095 — 675,095 — 
Total ENLC common units repurchased3,596,465 317,751 5,690,307 317,751 
Aggregate cost for publicly held ENLC common units repurchased$27.7 $2.0 $44.7 $2.0 
Aggregate cost for ENLC common units held by GIP repurchased (3)6.0 — 6.0 — 
Total aggregate cost for ENLC common units repurchased$33.7 $2.0 $50.7 $2.0 
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(1)The units represent GIP’s pro rata share of the aggregate number of common units repurchased by us under our common unit repurchase program during the period from February 15, 2022 (the date on which the Repurchase Agreement was signed) through March 31, 2022.
(2)For the three and six months ended June 30, 2022, the average price paid per common unit repurchased was $9.49 per common unit and $8.92 per common unit, respectively. For the three and six months ended June 30, 2021, the average price paid per common unit repurchased was $6.22 per common unit.
(3)For the three and six months ended June 30, 2022, the average price paid per common unit repurchased was $8.92. The per unit price we paid to GIP was the average per unit price paid by us for publicly held ENLC common units repurchased from February 15, 2022 (the date on which the Repurchase Agreement was signed) through March 31, 2022.

Additionally, on August 2, 2022, we repurchased 2,530,507 ENLC common units held by GIP at an aggregate cost of $24.0 million, or an average of $9.47 per common unit. These units represent GIP’s pro rata share of the aggregate number of common units repurchased by us during the three months ended June 30, 2022. The per unit price we paid to GIP was the same as the average per unit price paid by us for publicly held ENLC common units repurchased during the same period, less broker commission, which were not paid with respect to the GIP units.
b.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):
Three Months Ended
June 30,		Six Months Ended
June 30,
2022202120222021
Distributed earnings allocated to:
Common units (1)$54.3 $46.0 $108.7 $91.9 
Unvested restricted units (1)1.4 1.1 2.5 2.2 
Total distributed earnings$55.7 $47.1 $111.2 $94.1 
Undistributed income (loss) allocated to:
Common units$29.0 $(67.1)$9.1 $(125.4)
Unvested restricted units0.6 (1.6)0.2 (3.0)
Total undistributed income (loss)$29.6 $(68.7)$9.3 $(128.4)
Net income (loss) attributable to ENLC allocated to:
Common units$83.3 $(21.1)$117.8 $(33.5)
Unvested restricted units2.0 (0.5)2.7 (0.8)
Total net income (loss) attributable to ENLC$85.3 $(21.6)$120.5 $(34.3)
Net income (loss) attributable to ENLC per unit:
Basic$0.18 $(0.04)$0.25 $(0.07)
Diluted$0.17 $(0.04)$0.25 $(0.07)
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(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 periods presented (in millions):
Three Months Ended
June 30,		Six Months Ended
June 30,
2022202120222021
Basic weighted average units outstanding:
Weighted average common units outstanding482.0 490.0 483.0 490.0 
Diluted weighted average units outstanding:
Weighted average basic common units outstanding482.0 490.0 483.0 490.0 
Dilutive effect of non-vested restricted units (1)7.0 — 6.7 — 
Total weighted average diluted common units outstanding489.0 490.0 489.7 490.0 
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(1)All common unit equivalents were antidilutive for the three and six months ended June 30, 2021, since a net loss existed for those periods.

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.
c.Distributions

A summary of our distribution activity related to the ENLC common units for the six months ended June 30, 2022 and 2021, respectively, is provided below:
Declaration periodDistribution/unitDate paid/payable
2022
Fourth Quarter of 2021$0.11250 February 11, 2022
First Quarter of 2022$0.11250 May 13, 2022
Second Quarter of 2022$0.11250 August 12, 2022
2021
Fourth Quarter of 2020$0.09375 February 12, 2021
First Quarter of 2021$0.09375 May 14, 2021
Second Quarter of 2021$0.09375 August 13, 2021