In December 2022, the board of directors of the Managing Member (the “Board”) reauthorized our common unit repurchase program for 2023 and set the amount available for repurchases of outstanding common units during 2023 at up to $200.0 million, including repurchases of common units held by 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.


	Three Months Ended March 31,
	2023		2022
Publicly held ENLC common units	2,207,305		2,093,842
ENLC common units held by GIP (1)	2,237,110		—
Total ENLC common units	4,444,415		2,093,842

Aggregate cost for publicly held ENLC common units	$	26.8	$	17.0
Aggregate cost for ENLC common units held by GIP	24.6		—
Total aggregate cost for ENLC common units	$	51.4	$	17.0

Average price paid per publicly held ENLC common unit	$	12.14	$	8.12
Average price paid per ENLC common unit held by GIP (2)	$	11.01	$	—

(1)For the three months ended March 31, 2023, the units represent GIP’s pro rata share of the aggregate number of common units repurchased by us under our common unit repurchase program during the fourth quarter of 2022.

(2)For the three months ended March 31, 2023, the per unit price we paid to GIP was the average per unit price paid by us for publicly held ENLC common units repurchased, less broker commissions, during the fourth quarter of 2022.

Additionally, on May 1, 2023, we repurchased 1,910,877 ENLC common units held by GIP at an aggregate cost of $23.2 million, or an average of $12.12 per common unit. These units represent GIP’s pro rata share of the aggregate number of common units repurchased by us during the three months ended March 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 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):


	Three Months Ended March 31,
	2023		2022
Distributed earnings allocated to:
Common units (1)	$	58.6	$	54.4
Unvested unit-based awards (1)	0.9		1.1
Total distributed earnings	$	59.5	$	55.5
Undistributed loss allocated to:
Common units	$	(1.3)	$	(19.9)
Unvested unit-based awards	—		(0.4)
Total undistributed loss	$	(1.3)	$	(20.3)
Net income attributable to ENLC allocated to:
Common units	$	57.3	$	34.5
Unvested unit-based awards	0.9		0.7
Total net income attributable to ENLC	$	58.2	$	35.2
Net income attributable to ENLC per unit:
Basic	$	0.12	$	0.07
Diluted	$	0.12	$	0.07

The following are the unit amounts used to compute the basic and diluted earnings per unit for the periods presented (in millions):


	Three Months Ended March 31,
	2023	2022
Basic weighted average units outstanding:
Weighted average common units outstanding	468.9	484.0

Diluted weighted average units outstanding:
Weighted average basic common units outstanding	468.9	484.0
Dilutive effect of unvested unit-based awards	4.4	6.6

Total weighted average diluted common units outstanding	473.3	490.6

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


Declaration period	Distribution/unit		Date paid/payable
2023
Fourth Quarter of 2022	$	0.12500	February 13, 2023
First Quarter of 2023	$	0.12500	May 12, 2023




2022
Fourth Quarter of 2021	$	0.11250	February 11, 2022
First Quarter of 2022	$	0.11250	May 13, 2022