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Members' Equity
 6 Months Ended
Jun. 30, 2023
Earnings Per Share [Abstract]  
Members' Equity
(9) Members’ Equity

a.Common Unit Repurchase Program

In December 2022, the board of directors of the Managing Member (the “Board”) reauthorized our common unit repurchase program for 2023 and set the amount available for repurchases of outstanding common units during 2023 at up to $200.0 million, including repurchases of common units held by GIP. 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.

The following table summarizes our ENLC common unit repurchase activity for the periods presented (in millions, except for unit amounts):
Three Months Ended
June 30,		Six Months Ended
June 30,
2023202220232022
Publicly held ENLC common units3,230,504 2,921,370 5,437,809 5,015,212 
ENLC common units held by GIP (1)1,910,877 675,095 4,147,987 675,095 
Total ENLC common units5,141,381 3,596,465 9,585,796 5,690,307 
Aggregate cost for publicly held ENLC common units$32.2 $27.7 $59.0 $44.7 
Aggregate cost for ENLC common units held by GIP23.2 6.0 47.8 6.0 
Excise tax on common unit repurchases0.7 — 0.7 — 
Total aggregate cost for ENLC common units$56.1 $33.7 $107.5 $50.7 
Average price paid per publicly held ENLC common unit (2)$9.96 $9.49 $10.85 $8.92 
Average price paid per ENLC common unit held by GIP (2)(3)$12.12 $8.92 $11.53 $8.92 
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(1)The units repurchased in each quarter represent GIP’s pro rata share of the aggregate number of common units repurchased by us under our common unit repurchase program during the prior quarter.
(2)The average price paid per common unit excludes excise tax on common unit repurchases.
(3)The per unit price we paid to GIP in each quarter was the average per unit price paid by us for publicly held ENLC common units repurchased in the prior quarter, less broker commissions.

Additionally, on July 31, 2023, we repurchased 2,763,581 ENLC common units held by GIP at an aggregate cost of $27.5 million, or an average of $9.94 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, 2023. 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 commissions, which were not paid with respect to the GIP units. As of June 30, 2023, $27.5 million is classified as “Other current liabilities” on the consolidated balance sheets related to our obligation to repurchase our common units from GIP.
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,
2023202220232022
Distributed earnings allocated to:
Common units (1)$57.8 $54.3 $116.4 $108.7 
Unvested unit-based awards (1)1.0 1.4 1.9 2.5 
Total distributed earnings$58.8 $55.7 $118.3 $111.2 
Undistributed loss allocated to:
Common units$(4.4)$29.0 $(5.7)$9.1 
Unvested unit-based awards(0.1)0.6 (0.1)0.2 
Total undistributed loss$(4.5)$29.6 $(5.8)$9.3 
Net income attributable to ENLC allocated to:
Common units$53.4 $83.3 $110.7 $117.8 
Unvested unit-based awards0.9 2.0 1.8 2.7 
Total net income attributable to ENLC$54.3 $85.3 $112.5 $120.5 
Net income attributable to ENLC per unit:
Basic$0.12 $0.18 $0.24 $0.25 
Diluted$0.12 $0.17 $0.24 $0.25 
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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,
2023202220232022
Basic weighted average units outstanding:
Weighted average common units outstanding462.7 482.0 465.8 483.0 
Diluted weighted average units outstanding:
Weighted average basic common units outstanding462.7 482.0 465.8 483.0 
Dilutive effect of unvested unit-based awards4.0 7.0 4.1 6.7 
Total weighted average diluted common units outstanding466.7 489.0 469.9 489.7 

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, 2023 and 2022, respectively, is provided below:
Declaration periodDistribution/unitDate paid/payable
2023
Fourth Quarter of 2022$0.12500 February 13, 2023
First Quarter of 2023$0.12500 May 12, 2023
Second Quarter of 2023$0.12500 August 11, 2023
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