v3.23.1
Members' Equity (Tables)
 3 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
GIP Repurchase Agreement
The following table summarizes our ENLC common unit repurchase activity for the periods presented (in millions, except for unit amounts):
Three Months Ended
March 31,
20232022
Publicly held ENLC common units2,207,305 2,093,842 
ENLC common units held by GIP (1)2,237,110 — 
Total ENLC common units4,444,415 2,093,842 
Aggregate cost for publicly held ENLC common units$26.8 $17.0 
Aggregate cost for ENLC common units held by GIP24.6 — 
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 $— 
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(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.
Computation of Basic and Diluted Earnings per Limited Partner Unit 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,
20232022
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 awards0.9 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 
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(1)Represents distribution activity consistent with the distribution activity table below.

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,
20232022
Basic weighted average units outstanding:
Weighted average common units outstanding468.9 484.0 
Diluted weighted average units outstanding:
Weighted average basic common units outstanding468.9 484.0 
Dilutive effect of unvested unit-based awards4.4 6.6 
Total weighted average diluted common units outstanding473.3 490.6 
Summary of Distribution Activity 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 periodDistribution/unitDate 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