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Net Income (Loss) per Common Unit (Tables)
 9 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
Schedule of Anticipated Beneficial Conversion Feature impact to Capital Accounts
The following is a schedule by years, based on the capital structure as of September 30, 2014, of the anticipated impact to the capital accounts in connection with the amortization of the beneficial conversion feature (in thousands):
 
Common Units
 
Class B Units
 
Subordinated Units
2014
(2
)
 
6

 
(4
)
2015
(232
)
 
781

 
(549
)
2016
(29,564
)
 
99,685

 
(70,121
)
2017
(594,390
)
 
2,004,209

 
(1,409,819
)
Schedule of Net Income (Loss) per Unit
The following table provides a reconciliation of net income (loss) and the allocation of net income (loss) to the common units and the subordinated units for purposes of computing net income (loss) per unit (in thousands, except per unit data):
 
 
 
 
Limited Partner Units
 
 
 
 
 
 
Total
 
Common Units
 
Class B Units
 
Subordinated Units
 
General Partner
 
Creole Trail Pipeline Business
Three Months Ended September 30, 2014
 
 
 
 
 
 
 
 
 
 
 
 
Net loss
 
$
(43,240
)
 
 
 
 
 
 
 
 
 
 
Declared distributions
 
24,754

 
24,259

 
—

 
—

 
495

 
 
Assumed allocation of undistributed net loss
 
$
(67,994
)
 
(19,762
)
 
—

 
(46,872
)
 
(1,360
)
 
—

Assumed allocation of net income (loss)
 
 
 
$
4,497

 
$
—

 
$
(46,872
)
 
$
(865
)
 
$
—

 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average units outstanding
 
 
 
57,079

 
145,333

 
135,384

 
 
 
 
Net income (loss) per unit
 
 
 
$
0.08

 
$
—

 
$
(0.35
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended September 30, 2013
 
 
 
 
 
 
 
 
 
 
 
 
Net loss
 
$
(98,109
)
 
 
 
 
 
 
 
 
 
 
Declared distributions
 
24,754

 
24,259

 
—

 
—

 
495

 
 
Assumed allocation of undistributed net income (loss)
 
$
(122,863
)
 
(35,780
)
 
—

 
(84,865
)
 
(2,462
)
 
244

Assumed allocation of net income (loss)
 
 
 
$
(11,521
)
 
$
—

 
$
(84,865
)
 
$
(1,967
)
 
$
244

Assumed allocation of net loss adjusted for the Creole Trail Pipeline Business
 
 
 
$
(6,020
)
 
$
—

 
$
(186,894
)
 
$
(3,937
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average units outstanding
 
 
 
57,079

 
—

 
135,384

 
 
 
 
Net loss per unit
 
 
 
$
(0.20
)
 
$
—

 
$
(0.63
)
 
 
 
 
Net loss per unit, adjusted to include pre-acquisition date net losses of the Creole Trail Pipeline Business
 
 
 
$
(0.11
)
 
$
—

 
$
(1.38
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2014
 
 
 
 
 
 
 
 
 
 
 
 
Net loss
 
$
(339,197
)
 
 
 
 
 
 
 
 
 
 
Declared distributions
 
74,261

 
72,776

 
—

 
—

 
1,485

 
 
Assumed allocation of undistributed net loss
 
$
(413,458
)
 
(120,168
)
 
—

 
(285,021
)
 
(8,269
)
 
—

Assumed allocation of net loss
 
 
 
$
(47,392
)
 
$
—

 
$
(285,021
)
 
$
(6,784
)
 
$
—

 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average units outstanding
 
 
 
57,079

 
145,333

 
135,384

 
 
 
 
Net loss per unit
 
 
 
$
(0.83
)
 
$
—

 
$
(2.11
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2013
 
 
 
 
 
 
 
 
 
 
 
 
Net loss
 
$
(196,851
)
 
 
 
 
 
 
 
 
 
 
Declared distributions
 
74,261

 
72,776

 
—

 
—

 
1,485

 
 
Assumed allocation of undistributed net loss
 
$
(271,112
)
 
(73,521
)
 
—

 
(174,382
)
 
(5,059
)
 
(18,150
)
Assumed allocation of net loss
 
 
 
$
(745
)
 
$
—

 
$
(174,382
)
 
$
(3,574
)
 
$
(18,150
)
Assumed allocation of net loss adjusted for the Creole Trail Pipeline Business
 
 
 
$
(6,020
)
 
$
—

 
$
(186,894
)
 
$
(3,937
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average units outstanding
 
 
 
53,277

 
—

 
135,384

 
 
 
 
Net loss per unit
 
 
 
$
(0.01
)
 
$
—

 
$
(1.29
)
 
 
 
 
Net loss per unit, adjusted to include pre-acquisition date net losses of the Creole Trail Pipeline Business
 
 
 
$
(0.11
)
 
$
—

 
$
(1.38
)