Earnings (Loss) Per Limited Partner Unit (Tables)

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Calculation of Basic and Diluted Weighted Average Number of Units Outstanding

The following is a calculation of the basic and diluted weighted average units outstanding for the periods presented:

	Three Months Ended March 31,
	2020	2019
	(In thousands)
Basic weighted average common units outstanding	20,041	20,016
Dilutive effect of restricted awards	—	17
Diluted weighted average common units outstanding	20,041	20,033

Schedule of Net Income per Limited Partner Unit

The following tables present the calculation of earnings (loss) per limited partner unit under the two-class method for each period presented:

	Three Months Ended March 31, 2020
	General Partner		Limited Partners
	IDRs		Common units		Subordinated units		Total
	(In thousands, except per unit data)
Net income (loss) attributable to Oasis Midstream Partners LP
Distribution declared	$	1,027	$	10,833	$	7,425	$	19,285
Undistributed loss attributable to Oasis Midstream Partners LP	—		(53,784)		(36,900)		(90,684)
Net income (loss) attributable to Oasis Midstream Partners LP	$	1,027	$	(42,951)	$	(29,475)	$	(71,399)
Weighted average limited partners units outstanding
Basic			20,041
Diluted			20,041
Net loss attributable to Oasis Midstream Partners LP per limited partner unit
Basic			$	(2.14)
Diluted			(2.14)
Anti-dilutive restricted units			10

	Three Months Ended March 31, 2019
	General Partner		Limited Partners
	IDRs		Common units		Subordinated units		Total
	(In thousands, except per unit data)
Net income attributable to Oasis Midstream Partners LP
Distribution declared	$	238	$	9,421	$	6,463	$	16,122
Undistributed earnings attributable to Oasis Midstream Partners LP	—		3,214		2,207		5,421
Net income attributable to Oasis Midstream Partners LP	$	238	$	12,635	$	8,670	$	21,543
Weighted average limited partners units outstanding
Basic			20,016
Diluted			20,033
Net income attributable to Oasis Midstream Partners LP per limited partner unit
Basic			$	0.63
Diluted			0.63
Anti-dilutive restricted units			9