Earnings (Loss) Per Limited Partner Unit (Tables)

6 Months Ended

Jun. 30, 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 June 30,		Six Months Ended June 30,
	2020	2019	2020	2019
	(In thousands)
Basic weighted average common units outstanding	20,045	20,024	20,043	20,020
Dilutive effect of restricted awards	—	10	—	17
Diluted weighted average common units outstanding	20,045	20,034	20,043	20,037

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:

	Six Months Ended June 30, 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	$	2,054	$	21,666	$	14,850	$	38,570
Undistributed loss attributable to Oasis Midstream Partners LP	—		(58,182)		(39,913)		(98,095)
Net income (loss) attributable to Oasis Midstream Partners LP	$	2,054	$	(36,516)	$	(25,063)	$	(59,525)
Weighted average limited partners units outstanding
Basic			20,043
Diluted			20,043
Net loss attributable to Oasis Midstream Partners LP per limited partner unit
Basic			$	(1.82)
Diluted			(1.82)
Anti-dilutive restricted units			9

	Six Months Ended June 30, 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	$	729	$	19,243	$	13,201	$	33,173
Undistributed earnings attributable to Oasis Midstream Partners LP	—		8,637		5,931		14,568
Net income attributable to Oasis Midstream Partners LP	$	729	$	27,880	$	19,132	$	47,741
Weighted average limited partners units outstanding
Basic			20,020
Diluted			20,037
Net income attributable to Oasis Midstream Partners LP per limited partner unit
Basic			$	1.39
Diluted			1.39
Anti-dilutive restricted units			7

	Three Months Ended June 30, 2020
	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	$	1,027	$	10,833	$	7,425	$	19,285
Undistributed earnings attributable to Oasis Midstream Partners LP	—		(4,396)		(3,015)		(7,411)
Net income attributable to Oasis Midstream Partners LP	$	1,027	$	6,437	$	4,410	$	11,874
Weighted average limited partners units outstanding
Basic			20,045
Diluted			20,045
Net income attributable to Oasis Midstream Partners LP per limited partner unit
Basic			$	0.32
Diluted			0.32
Anti-dilutive restricted units			16

	Three Months Ended June 30, 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	$	491	$	9,822	$	6,738	$	17,051
Undistributed earnings attributable to Oasis Midstream Partners LP	—		5,423		3,724		9,147
Net income attributable to Oasis Midstream Partners LP	$	491	$	15,245	$	10,462	$	26,198
Weighted average limited partners units outstanding
Basic			20,024
Diluted			20,034
Net income attributable to Oasis Midstream Partners LP per limited partner unit
Basic			$	0.76
Diluted			0.76
Anti-dilutive restricted units			11