Net Income Per Limited Partner Unit (Schedule of Earnings Per Limited Partner Unit) (Details) - USD ($) $ / shares in Units, $ in Millions | 3 Months Ended |
Mar. 31, 2017 | Dec. 31, 2016 | [1] | Mar. 31, 2016 |
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items] | | | | |
Net income attributable to partners | | $ 52.2 | | $ 23.1 |
Less: General partner allocation | | (0.2) | | |
Less: Preferred unitholder allocation | | 9.5 | | |
Total distributions declared | | 30.1 | | 17.8 |
Undistributed earnings | | 12.8 | | $ 5.3 |
Common Units | | | | |
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items] | | | | |
Potentially dilutive common or subordinated units outstanding (in units) | | | | 0 |
Less: Preferred unitholder allocation | | $ 27.1 | | $ 13.4 |
Net income per limited partner unit (basic) (in dollars per unit) | | $ 0.40 | | $ 0.29 |
Net income per limited partner unit (diluted) (in dollars per unit) | | $ 0.37 | | $ 0.29 |
Subordinated Units | | | | |
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items] | | | | |
Potentially dilutive common or subordinated units outstanding (in units) | | | | 0 |
Less: Preferred unitholder allocation | | $ 12.9 | | $ 9.3 |
Net income per limited partner unit (basic) (in dollars per unit) | | $ 0.40 | | $ 0.29 |
Net income per limited partner unit (diluted) (in dollars per unit) | | $ 0.40 | | $ 0.29 |
Series A Preferred Units | | | | |
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items] | | | | |
Distributions declared | | $ 9.5 | $ 3.2 | |
General Partner (including IDRs) | | | | |
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items] | | | | |
Net income attributable to partners | | 2.7 | | $ 0.4 |
Less: General partner allocation | [2] | (0.2) | | 0 |
IDRs | [3] | 2.9 | | 0.4 |
Total distributions declared | | 2.9 | | 0.4 |
Limited Partners | Common Units | | | | |
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items] | | | | |
Net income attributable to partners | | 27.1 | | 13.4 |
Distributions declared | [3] | 18.4 | | 10.3 |
Total distributions declared | | 18.4 | | 10.3 |
Undistributed earnings | | 8.7 | | $ 3.1 |
Dilutive effect of Series A Preferred Units | [4] | 9.5 | | |
Net income attributable to partners (diluted) | | $ 36.6 | | |
Weighted average units outstanding (basic) (in shares) | | 67,239,779 | | |
Dilutive effect of Series A Preferred Units (in shares) | [4] | 30,308,342 | | |
Weighted average units outstanding (diluted) (in shares) | | 97,548,121 | | |
Net income per limited partner unit (basic) (in dollars per unit) | | $ 0.40 | | |
Net income per limited partner unit (diluted) (in dollars per unit) | | $ 0.37 | | |
Weighted average units outstanding (in shares) | | | | 45,722,112 |
Net income per limited partner unit (in dollars per unit) | | | | $ 0.29 |
Limited Partners | Subordinated Units | | | | |
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items] | | | | |
Net income attributable to partners | | $ 12.9 | | $ 9.3 |
Distributions declared | [3] | 8.8 | | 7.1 |
Total distributions declared | | 8.8 | | 7.1 |
Undistributed earnings | | 4.1 | | $ 2.2 |
Dilutive effect of Series A Preferred Units | [4] | 0 | | |
Net income attributable to partners (diluted) | | $ 12.9 | | |
Weighted average units outstanding (basic) (in shares) | | 31,972,789 | | |
Dilutive effect of Series A Preferred Units (in shares) | [4] | 0 | | |
Weighted average units outstanding (diluted) (in shares) | | 31,972,789 | | |
Net income per limited partner unit (basic) (in dollars per unit) | | $ 0.40 | | |
Net income per limited partner unit (diluted) (in dollars per unit) | | $ 0.40 | | |
Weighted average units outstanding (in shares) | | | | 31,972,789 |
Net income per limited partner unit (in dollars per unit) | | | | $ 0.29 |
Limited Partners | Series A Preferred Units | | | | |
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items] | | | | |
Net income attributable to partners | | $ 9.5 | | |
Less: Preferred unitholder allocation | | $ 9.5 | | $ 0 |
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[1] | For the period subsequent to the issuance of the Series A Preferred Units through December 31, 2016, the initial quarterly cash distribution was calculated as the minimum quarterly distribution of $0.3134 per unit prorated for the portion of the quarter subsequent to the issuance of the Series A Preferred Units. | |
[2] | See Note 2 for further information. | |
[3] | Dominion is a non-economic general partner that holds all of the IDRs. | |
[4] | The dilutive effect of the Series A Preferred Units represents the reallocation of net income to limited partners including a reallocation of IDRs pursuant to the partnership agreement assuming conversion of the Series A Preferred Units into common units at the beginning of the period. | |