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Earnings Per Unit
9 Months Ended
Sep. 30, 2022
Earnings Per Unit [Abstract]  
Earnings Per Unit
Note 11.  Earnings Per Unit

The following table presents our calculation of basic and diluted earnings per common unit for the periods indicated:

 
 
For the Three Months
Ended September 30,
   
For the Nine Months
Ended September 30,
 
 
 
2022
   
2021
   
2022
   
2021
 
BASIC EARNINGS PER COMMON UNIT
                       
Net income attributable to common unitholders
 
$
1,360
   
$
1,153
   
$
4,067
   
$
3,606
 
Earnings allocated to phantom unit awards (1)
   
(11
)
   
(9
)
   
(34
)
   
(29
)
Net income allocated to common unitholders
 
$
1,349
   
$
1,144
   
$
4,033
   
$
3,577
 
 
                               
Basic weighted-average number of common units outstanding
   
2,179
     
2,184
     
2,179
     
2,184
 
 
                               
Basic earnings per common unit
 
$
0.62
   
$
0.52
   
$
1.85
   
$
1.64
 
 
                               
DILUTED EARNINGS PER COMMON UNIT
                               
Net income attributable to common unitholders
 
$
1,360
   
$
1,153
   
$
4,067
   
$
3,606
 
Net income attributable to preferred units
   
1
     
1
     
3
     
3
 
Net income attributable to limited partners
 
$
1,361
   
$
1,154
   
$
4,070
   
$
3,609
 
 
                               
Diluted weighted-average number of units outstanding:
                               
Distribution-bearing common units
   
2,179
     
2,184
     
2,179
     
2,184
 
Phantom units (2)
   
18
     
18
     
19
     
18
 
Preferred units (2)
   
2
     
2
     
2
     
2
 
Total
   
2,199
     
2,204
     
2,200
     
2,204
 
 
                               
Diluted earnings per common unit
 
$
0.62
   
$
0.52
   
$
1.85
   
$
1.64
 

(1)
Phantom units are considered participating securities for purposes of computing basic earnings per unit. See Note 13 for information regarding the phantom units.
(2)
We use the “if-converted method” to determine the potential dilutive effect of the vesting of phantom unit awards and the conversion of preferred units outstanding.  See Note 13 for information regarding phantom unit awards.  See Note 8 for information regarding preferred units.