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Selected Quarterly Financial Information—Unaudited (Tables)
12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Information
Quarterly financial data was as follows for the periods indicated. 
 
 
First
Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter2
 
 
(In thousands, except for per unit data)
2017
 
 
 
 
 
 
 
 
Total revenue
 
$
124,582

 
$
120,524

 
$
89,111

 
$
95,442

Income (loss) from operations
 
65,015

 
57,840

 
26,216

 
23,013

Net income (loss)
 
61,583

 
54,174

 
22,034

 
19,362

Net income (loss) attributable to the general partner and common and subordinated units
 
60,460

 
53,518

 
21,388

 
16,779

Net income (loss) attributable to common and subordinated units per unit (basic)1
 

 

 

 


Per common unit (basic)
 
0.37

 
0.33

 
0.16

 
0.15

Per subordinated unit (basic)
 
0.26

 
0.22

 
0.05

 
0.03

Net income (loss) attributable to common and subordinated units per unit (diluted)1
 
 
 
 
 
 
 

Per common unit (diluted)
 
0.37

 
0.33

 
0.16

 
0.15

Per subordinated unit (diluted)
 
0.26

 
0.22

 
0.05

 
0.03

Cash distributions declared and paid per limited partner unit
 


 

 

 


Per common  unit
 
$
0.2875

 
$
0.2875

 
$
0.3125

 
$
0.3125

Per subordinated unit
 
$
0.1838

 
$
0.1838

 
$
0.2088

 
$
0.2088

Total assets
 
$
1,199,722

 
$
1,250,086

 
$
1,246,070

 
$
1,576,451

Long-term debt
 
388,000

 
393,000

 
362,000

 
388,000

Total mezzanine equity
 
34,145

 
27,085

 
27,092

 
322,422

2016
 
 
 
 
 
 
 
 
Total revenue
 
$
64,381

 
$
40,569

 
$
99,171

 
$
56,712

Net income (loss)
 
11,610

 
(19,478
)
 
39,316

 
(3,979
)
Income (loss) from operations
 
10,749

 
(20,810
)
 
37,535

 
(7,286
)
Net income (loss) attributable to the general partner and common and subordinated units
 
8,943

 
(22,111
)
 
36,219

 
(8,614
)
Net income (loss) attributable to common and subordinated units per unit (basic)1
 


 


 


 


Per common unit (basic)
 
0.09

 
(0.08
)
 
0.24

 
0.01

Per subordinated unit (basic)
 
0.01

 
(0.15
)
 
0.14

 
(0.11
)
Net income (loss) attributable to common and subordinated units per unit (diluted)1
 
 
 


 


 


Per common unit (diluted)
 
0.09

 
(0.08
)
 
0.24

 
0.01

Per subordinated unit (diluted)
 
0.01

 
(0.15
)
 
0.14

 
(0.11
)
Cash distributions declared per limited partner unit
 


 


 


 


Per common  unit
 
$
0.2625

 
$
0.2625

 
$
0.2875

 
$
0.2875

Per subordinated unit
 
$
0.1838

 
$
0.1838

 
$
0.1838

 
$
0.1838

Total assets
 
1,045,843

 
1,126,830

 
1,137,232

 
1,128,827

Long-term debt
 
116,000

 
285,000

 
299,000

 
316,000

Total mezzanine equity
 
54,001

 
54,001

 
54,015

 
54,015

 
 
 
 
 
 
 
 
 
1 See Note 13 – Earnings Per Unit in the consolidated financial statements.
2 Reported volumes in the fourth quarter of 2016 were negatively impacted by production shut-ins estimated at 1.0 MBoe/d for the quarter related to offset completion work and processing plant downtime in the Haynesville Shale.