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Consolidated Statement of Changes in Members' Equity - USD ($)
$ in Millions
Total
Common Units
Accumulated Other Comprehensive Income (Loss)
Non-Controlling Interest
Member equity, beginning balance at Dec. 31, 2021 $ 2,987.0 $ 1,325.8 $ (1.4) $ 1,662.6
Units outstanding, beginning balance (in shares) at Dec. 31, 2021   484,300,000    
Increase (Decrease) in Members' Equity        
Conversion of unit-based awards for common units, net of units withheld for taxes (4.2) $ (4.2)    
Conversion of unit-based awards for common units, net of units withheld for taxes (in shares)   1,200,000    
Unit-based compensation 8.1 $ 8.1    
Contributions from non-controlling interests 7.3     7.3
Distributions (91.0) (56.4)   (34.6)
Unrealized gain on designated cash flow hedge 0.1   0.1  
Repurchase of Preferred Units (50.5)     (50.5)
Common units repurchased (17.0) $ (17.0)    
Common units repurchased (in shares)   (2,100,000)    
Net income 66.0 $ 35.2   30.8
Member equity, end balance at Mar. 31, 2022 2,905.8 $ 1,291.5 (1.3) 1,615.6
Units outstanding, ending balance (in shares) at Mar. 31, 2022   483,400,000    
Member equity, beginning balance at Dec. 31, 2021 2,987.0 $ 1,325.8 (1.4) 1,662.6
Units outstanding, beginning balance (in shares) at Dec. 31, 2021   484,300,000    
Increase (Decrease) in Members' Equity        
Unrealized gain on designated cash flow hedge [1] 0.1      
Common units repurchased $ (113.2)      
Common units repurchased (in shares) (12,272,440)      
Member equity, end balance at Sep. 30, 2022 $ 2,874.0 $ 1,259.2 (1.3) 1,616.1
Units outstanding, ending balance (in shares) at Sep. 30, 2022   474,600,000    
Member equity, beginning balance at Mar. 31, 2022 2,905.8 $ 1,291.5 (1.3) 1,615.6
Units outstanding, beginning balance (in shares) at Mar. 31, 2022   483,400,000    
Increase (Decrease) in Members' Equity        
Conversion of unit-based awards for common units, net of units withheld for taxes (0.2) $ (0.2)    
Unit-based compensation 5.7 5.7    
Contributions from non-controlling interests 2.0     2.0
Distributions (97.5) (55.3)   (42.2)
Common units repurchased (33.7) $ (33.7)    
Common units repurchased (in shares)   (3,600,000)    
Net income 123.9 $ 85.3   38.6
Member equity, end balance at Jun. 30, 2022 2,906.0 $ 1,293.3 (1.3) 1,614.0
Units outstanding, ending balance (in shares) at Jun. 30, 2022   479,800,000    
Increase (Decrease) in Members' Equity        
Conversion of unit-based awards for common units, net of units withheld for taxes (8.1) $ (8.1)    
Conversion of unit-based awards for common units, net of units withheld for taxes (in shares)   1,400,000    
Unit-based compensation 11.4 $ 11.4    
Contributions from non-controlling interests 4.9     4.9
Distributions (94.3) (55.7)   (38.6)
Unrealized gain on designated cash flow hedge [1] 0.0      
Common units repurchased $ (62.5) $ (62.5)    
Common units repurchased (in shares) (6,582,133) (6,600,000)    
Net income $ 116.6 $ 80.8   35.8
Member equity, end balance at Sep. 30, 2022 2,874.0 $ 1,259.2 (1.3) 1,616.1
Units outstanding, ending balance (in shares) at Sep. 30, 2022   474,600,000    
Member equity, beginning balance at Dec. 31, 2022 $ 2,912.7 $ 1,306.4 0.0 1,606.3
Units outstanding, beginning balance (in shares) at Dec. 31, 2022 468,980,630 469,000,000.0    
Increase (Decrease) in Members' Equity        
Conversion of unit-based awards for common units, net of units withheld for taxes $ (16.8) $ (16.8)    
Conversion of unit-based awards for common units, net of units withheld for taxes (in shares)   2,500,000    
Unit-based compensation 4.0 $ 4.0    
Contributions from non-controlling interests 8.4     8.4
Distributions (104.1) (61.7)   (42.4)
Unrealized gain on designated cash flow hedge [2] (1.2)   (1.2)  
Repurchase of Preferred Units (3.9)     (3.9)
Common units repurchased (51.4) $ (51.4)    
Common units repurchased (in shares)   (4,400,000)    
Net income 94.2 $ 58.2   36.0
Member equity, end balance at Mar. 31, 2023 2,841.9 $ 1,238.7 (1.2) 1,604.4
Units outstanding, ending balance (in shares) at Mar. 31, 2023   467,100,000    
Member equity, beginning balance at Dec. 31, 2022 $ 2,912.7 $ 1,306.4 0.0 1,606.3
Units outstanding, beginning balance (in shares) at Dec. 31, 2022 468,980,630 469,000,000.0    
Increase (Decrease) in Members' Equity        
Unrealized gain on designated cash flow hedge [1] $ 6.2      
Common units repurchased $ (162.4)      
Common units repurchased (in shares) (14,602,389)      
Member equity, end balance at Sep. 30, 2023 $ 2,715.9 $ 1,080.1 6.2 1,629.6
Units outstanding, ending balance (in shares) at Sep. 30, 2023 457,334,550 457,300,000    
Member equity, beginning balance at Mar. 31, 2023 $ 2,841.9 $ 1,238.7 (1.2) 1,604.4
Units outstanding, beginning balance (in shares) at Mar. 31, 2023   467,100,000    
Increase (Decrease) in Members' Equity        
Conversion of unit-based awards for common units, net of units withheld for taxes (0.1) $ (0.1)    
Conversion of unit-based awards for common units, net of units withheld for taxes (in shares)   100,000    
Unit-based compensation 4.5 $ 4.5    
Contributions from non-controlling interests 13.7     13.7
Distributions (98.6) (58.5)   (40.1)
Unrealized gain on designated cash flow hedge [2] 5.7   5.7  
Adjustment related to the redemption of the mandatorily redeemable non-controlling interest [3] 0.8 0.8    
Common units repurchased (56.1) $ (56.1)    
Common units repurchased (in shares)   (5,200,000)    
Common unit repurchases [4] (27.5) $ (27.5)    
Net income 89.9 54.3   35.6
Member equity, end balance at Jun. 30, 2023 2,774.2 $ 1,156.1 4.5 1,613.6
Units outstanding, ending balance (in shares) at Jun. 30, 2023   462,000,000.0    
Increase (Decrease) in Members' Equity        
Conversion of unit-based awards for common units, net of units withheld for taxes (2.4) $ (2.4)    
Conversion of unit-based awards for common units, net of units withheld for taxes (in shares)   300,000    
Unit-based compensation 5.7 $ 5.7    
Contributions from non-controlling interests 29.4     29.4
Distributions (108.1) (58.4)   (49.7)
Unrealized gain on designated cash flow hedge [2] 1.7 [1]   1.7  
Common units repurchased $ (54.9) $ (54.9)    
Common units repurchased (in shares) (5,016,593) (5,000,000.0)    
Common unit repurchases [4] $ 4.5 $ 4.5    
Net income 65.8 29.5   36.3
Member equity, end balance at Sep. 30, 2023 $ 2,715.9 $ 1,080.1 $ 6.2 $ 1,629.6
Units outstanding, ending balance (in shares) at Sep. 30, 2023 457,334,550 457,300,000    
[1] Includes tax expense of $0.5 million and $1.9 million for the three and nine months ended September 30, 2023, respectively.
[2] Includes tax benefit of $0.4 million for the three months ended March 31, 2023, tax expense of $1.8 million for the three months ended June 30, 2023, and tax expense of $0.5 million for the three months ended September 30, 2023.
[3] Relates to book-to-tax differences recorded upon the settlement of the mandatorily redeemable non-controlling interest.
[4] Relates to the repurchase of ENLC common units held by GIP, which are contractually subject to repurchase by ENLC at the end of each quarter and settled in the subsequent quarter. As of September 30, 2023, we accrued $23.0 million in connection with the repurchase of ENLC common units held by GIP. For additional information, see “Note 9—Members’ Equity.”