In November 2020, the Board authorized a common unit repurchase program, subsequently reauthorizing the program during the years ended December 31, 2023, 2022, and 2021. The table below provides a summary of the Board’s authorizations of the common unit repurchase program.


Date	Board Action	Authorized Amount (in millions)(1)
November 2020	Authorization of common unit repurchase program	$	100
April 2021	Reauthorization of common unit repurchase program	$	100
January 2022	Reauthorization of common unit repurchase program and set amount available for repurchases for 2022	$	100
July 2022	Increase in 2022 common unit repurchase program	$	100
December 2022	Reauthorization of common unit repurchase program and set amount available for repurchases for 2023	$	200
November 2023	Increase in 2023 common unit repurchase program	$	50
December 2023	Reauthorization of common unit repurchase program and set amount available for repurchases for 2024	$	200

(1)Starting on February 15, 2022, the authorized amount includes repurchases of common units held by GIP. Refer to “Note 5—Related Party Transactions” for more information on our ENLC common unit repurchase agreement with 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):


	Year Ended December 31,
	2023		2022		2021
Publicly held ENLC common units	11,530,962		11,630,351		6,091,001
ENLC common units held by GIP (1)	8,846,445		6,743,703		—
Total ENLC common units	20,377,407		18,374,054		6,091,001

Aggregate cost for publicly held ENLC common units	$	134.5	$	111.5	$	40.1
Aggregate cost for ENLC common units held by GIP	98.3		63.5		—
Excise tax on common unit repurchases	$	2.0	$	—	$	—
Total aggregate cost for ENLC common units	$	234.8	$	175.0	$	40.1

Average price paid per publicly held ENLC common unit (2)	$	11.67	$	9.59	$	6.59
Average price paid per ENLC common unit held by GIP (2)(3)	$	11.11	$	9.42	$	—

(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.

(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 February 19, 2024, we repurchased 3,280,637 ENLC common units held by GIP at an aggregate cost of $41.5 million, or an average of $12.66 per common unit. These units represented GIP’s pro rata share of the aggregate number of common units repurchased by us during the three months ended December 31, 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 December 31, 2023, $41.5 million is

classified as “Other current liabilities” on the consolidated balance sheets related to our obligation to repurchase our common units from GIP. See “Note 5—Related Party Transactions” for additional information relating to the GIP repurchase agreement.

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):


	Year Ended December 31,
	2023		2022		2021
Distributed earnings allocated to:
Common units (1)	$	234.3	$	221.3	$	192.5
Unvested unit-based awards (1)	3.9		5.2		4.5
Total distributed earnings	$	238.2	$	226.5	$	197.0
Undistributed income (loss) allocated to:
Common units	$	(31.5)	$	131.7	$	(170.6)
Unvested unit-based awards	(0.5)		3.1		(4.0)
Total undistributed income (loss)	$	(32.0)	$	134.8	$	(174.6)
Net income attributable to ENLC allocated to:
Common units	$	202.8	$	353.0	$	21.9
Unvested unit-based awards	3.4		8.3		0.5
Total net income attributable to ENLC	$	206.2	$	361.3	$	22.4
Net income attributable to ENLC per unit:
Basic	$	0.45	$	0.76	$	0.05
Diluted	$	0.44	$	0.74	$	0.05


	Year Ended December 31,
	2023	2022	2021
Basic weighted average units outstanding:
Weighted average common units outstanding	461.7	478.5	488.8
Diluted weighted average units outstanding:
Weighted average basic common units outstanding	461.7	478.5	488.8
Dilutive effect of unvested restricted units	4.3	6.8	5.5
Total weighted average diluted common units outstanding	466.0	485.3	494.3

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.

A summary of our distribution activity related to the ENLC common units for the years ended December 31, 2023, 2022, and 2021, respectively, is provided below:


Declaration period	Distribution/unit		Date paid/payable
2023
First Quarter of 2023	$	0.12500	May 12, 2023
Second Quarter of 2023	$	0.12500	August 11, 2023
Third Quarter of 2023	$	0.12500	November 10, 2023
Fourth Quarter of 2023	$	0.13250	February 9, 2024

2022
First Quarter of 2022	$	0.11250	May 13, 2022
Second Quarter of 2022	$	0.11250	August 12, 2022
Third Quarter of 2022	$	0.11250	November 14, 2022
Fourth Quarter of 2022	$	0.12500	February 13, 2023

2021
First Quarter of 2021	$	0.09375	May 14, 2021
Second Quarter of 2021	$	0.09375	August 13, 2021
Third Quarter of 2021	$	0.09375	November 12, 2021
Fourth Quarter of 2021	$	0.11250	February 11, 2022