Earnings Per Share/Unit

6 Months Ended

Jun. 30, 2025

Earnings Per Share/Unit

Earnings Per Share/Unit

11. Earnings Per Share/Unit

The following table sets forth the computation of basic and diluted earnings per share / limited partner unit (in millions, except share/unit and per share/unit data):

	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024			2025		2024
Numerator for basic and diluted earnings per share / limited partner unit:
Net loss	$	(147.9)	$	(39.1)	$	(309.9)	$	(80.7)
Less:
General partner's interest in net loss				(0.8)				(1.6)
Net loss attributable to limited partners			$	(38.3)			$	(79.1)
Denominator for earnings per share / limited partner unit:
Weighted average number of basic and diluted common shares / limited partner units outstanding (1)		86,797,123		80,555,587		86,613,896		80,453,995
Earnings per share / limited partners' interest net loss per unit:
Basic and diluted	$	(1.70)	$	(0.48)	$	(3.58)	$	(0.98)

(1) Total diluted weighted average common shares / limited partner units outstanding excludes a de-minimis amount of potentially dilutive restricted stock units / phantom units which would have been anti-dilutive for the three and six months ended June 30, 2025 and 2024, respectively.