Quarterly report pursuant to Section 13 or 15(d)

Net Income Per Limited Partner Unit (Tables)

v3.8.0.1
Net Income Per Limited Partner Unit (Tables)
3 Months Ended
Mar. 31, 2018
Net Income Per Limited Partner Unit  
Schedule of net income per common and subordinated unit

The Partnership’s calculation of net income per limited partner unit for the periods indicated is as follows (in thousands, except per unit data):

 

 

 

 

 

 

 

 

  

 

Three Months Ended March 31,

 

 

    

2017

    

2018

    

  

 

 

 

 

 

 

 

Net income

  

$

75,091

  

 

108,105

  

Less:

 

 

 

 

 

 

 

Net income attributable to incentive distribution rights

 

 

(11,553)

 

 

(28,453)

 

Limited partner interest in net income

  

$

63,538

 

 

79,652

  

 

 

 

 

 

 

 

 

Net income per limited partner unit - basic and diluted

 

$

0.35

 

 

0.43

 

 

 

 

 

 

 

 

 

Weighted average limited partner units outstanding - basic

 

 

183,033

 

 

186,934

 

 

 

 

 

 

 

 

 

Weighted average limited partner units outstanding - diluted

 

 

183,447

 

 

187,173