v3.5.0.2

SEGMENT INFORMATION (Tables) | 9 Months Ended
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Sep. 30, 2016
SEGMENT INFORMATION |
Schedule of Segment Reporting Information, by Segment | The following table presents financial information by segment for the three months ended September 30, 2016:
|  | Gathering & |  |  |  |  | Corporate and |  | Azure Midstream |
In thousands |  | Processing |  | Logistics |  | Consolidation |  | Partners, LP |
Total operating revenues |  | $ | 29,433 |  | $ | 70 |  | $ | — |  | $ | 29,503 |
Cost of natural gas and NGL's |  |  | 4,312 |  |  | — |  |  | — |  |  | 4,312 |
Gross margin |  |  | 25,121 |  |  | 70 |  |  | — |  |  | 25,191 |
Operation and maintenance |  |  | 2,780 |  |  | 478 |  |  | — |  |  | 3,258 |
General and administrative |  |  | — |  |  | — |  |  | 4,916 |  |  | 4,916 |
Depreciation and amortization expense |  |  | 3,336 |  |  | 30 |  |  | 22 |  |  | 3,388 |
Operating income (loss) |  |  | 19,005 |  |  | (438) |  |  | (4,938) |  |  | 13,629 |
Interest expense |  |  | — |  |  | — |  |  | 3,979 |  |  | 3,979 |
Gain on sale of assets |  |  | (4,752) |  |  | — |  |  | — |  |  | (4,752) |
Other income, net |  |  | (92) |  |  | — |  |  | (52) |  |  | (144) |
Net income (loss) before income tax expense |  |  | 23,849 |  |  | (438) |  |  | (8,865) |  |  | 14,546 |
Income tax expense |  |  | 3 |  |  | — |  |  | 179 |  |  | 182 |
Net income (loss) |  | $ | 23,846 |  | $ | (438) |  | $ | (9,044) |  | $ | 14,364 |
The following table presents financial information by segment for the nine months ended September 30, 2016:
|  | Gathering & |  |  |  |  | Corporate and |  | Azure Midstream |
In thousands |  | Processing |  | Logistics |  | Consolidation |  | Partners, LP |
Total operating revenues |  | $ | 52,952 |  | $ | 70 |  | $ | — |  | $ | 53,022 |
Cost of natural gas and NGL's |  |  | 11,612 |  |  | — |  |  | — |  |  | 11,612 |
Gross margin |  |  | 41,340 |  |  | 70 |  |  | — |  |  | 41,410 |
Operation and maintenance |  |  | 9,878 |  |  | 1,808 |  |  | — |  |  | 11,686 |
General and administrative |  |  | — |  |  | — |  |  | 11,676 |  |  | 11,676 |
Depreciation and amortization expense |  |  | 11,196 |  |  | 88 |  |  | 1,692 |  |  | 12,976 |
Impairments |  |  | 78,264 |  |  | 29,213 |  |  | — |  |  | 107,477 |
Operating loss |  |  | (57,998) |  |  | (31,039) |  |  | (13,368) |  |  | (102,405) |
Interest expense |  |  | — |  |  | — |  |  | 10,133 |  |  | 10,133 |
Gain on sale of assets |  |  | (4,752) |  |  | — |  |  | — |  |  | (4,752) |
Other (income) expense, net |  |  | (70) |  |  | — |  |  | 7 |  |  | (63) |
Net loss before income tax expense |  |  | (53,176) |  |  | (31,039) |  |  | (23,508) |  |  | (107,723) |
Income tax expense (benefit) |  |  | 33 |  |  | — |  |  | (158) |  |  | (125) |
Net loss |  | $ | (53,209) |  | $ | (31,039) |  | $ | (23,350) |  | $ | (107,598) |
The following table presents financial information by segment for the three months ended September 30, 2015:
|  | Gathering & |  |  |  |  | Corporate and |  | Azure Midstream |
In thousands |  | Processing |  | Logistics |  | Consolidation |  | Partners, LP |
Total operating revenues |  | $ | 16,996 |  | $ | 4,202 |  | $ | — |  | $ | 21,198 |
Cost of natural gas and NGL's |  |  | 5,130 |  |  | — |  |  | — |  |  | 5,130 |
Gross margin |  |  | 11,866 |  |  | 4,202 |  |  | — |  |  | 16,068 |
Operation and maintenance |  |  | 4,272 |  |  | 760 |  |  | — |  |  | 5,032 |
General and administrative |  |  | — |  |  | — |  |  | 3,561 |  |  | 3,561 |
Depreciation and amortization expense |  |  | 4,251 |  |  | 1,650 |  |  | 13 |  |  | 5,914 |
Impairments |  |  | 122,982 |  |  | 92,776 |  |  | — |  |  | 215,758 |
Operating loss |  |  | (119,639) |  |  | (90,984) |  |  | (3,574) |  |  | (214,197) |
Interest expense |  |  | — |  |  | — |  |  | 1,973 |  |  | 1,973 |
Other (income) expense, net |  |  | 10 |  |  | — |  |  | (15) |  |  | (5) |
Net loss before income tax expense |  |  | (119,649) |  |  | (90,984) |  |  | (5,532) |  |  | (216,165) |
Income tax expense |  |  | — |  |  | — |  |  | 269 |  |  | 269 |
Net loss |  | $ | (119,649) |  | $ | (90,984) |  | $ | (5,801) |  | $ | (216,434) |
The following table presents financial information by segment for the nine months ended September 30, 2015:
|  | Gathering & |  |  |  |  | Corporate and |  | Azure Midstream |
In thousands |  | Processing |  | Logistics |  | Consolidation |  | Partners, LP |
Total operating revenues |  | $ | 51,465 |  | $ | 9,785 |  | $ | — |  | $ | 61,250 |
Cost of natural gas and NGL's |  |  | 14,927 |  |  | — |  |  | — |  |  | 14,927 |
Gross margin |  |  | 36,538 |  |  | 9,785 |  |  | — |  |  | 46,323 |
Operation and maintenance |  |  | 13,709 |  |  | 1,758 |  |  | — |  |  | 15,467 |
General and administrative |  |  | — |  |  | — |  |  | 10,809 |  |  | 10,809 |
Depreciation and amortization expense |  |  | 11,102 |  |  | 3,864 |  |  | 26 |  |  | 14,992 |
Impairments |  |  | 122,982 |  |  | 92,776 |  |  | — |  |  | 215,758 |
Operating loss |  |  | (111,255) |  |  | (88,613) |  |  | (10,835) |  |  | (210,703) |
Interest expense |  |  | — |  |  | — |  |  | 8,671 |  |  | 8,671 |
Other (income) expense, net |  |  | 1,690 |  |  | — |  |  | (15) |  |  | 1,675 |
Net loss before income tax expense |  |  | (112,945) |  |  | (88,613) |  |  | (19,491) |  |  | (221,049) |
Income tax expense |  |  | — |  |  | — |  |  | 768 |  |  | 768 |
Net loss |  | $ | (112,945) |  | $ | (88,613) |  | $ | (20,259) |  | $ | (221,817) |
The following table presents financial information by segment as of September 30, 2016:
|  | Gathering & |  |  |  |  | Corporate and |  | Azure Midstream |
In thousands |  | Processing |  | Logistics |  | Consolidation |  | Partners, LP |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Current assets |  | $ | 4,942 |  | $ | 73 |  | $ | 12,001 |  | $ | 17,016 |
Property, plant and equipment, net |  |  | 356,960 |  |  | 912 |  | $ | 361 |  |  | 358,233 |
Other assets |  |  | — |  |  | — |  |  | 282 |  |  | 282 |
Total Assets |  | $ | 361,902 |  | $ | 985 |  | $ | 12,644 |  | $ | 375,531 |
Liabilities and Partners’ Capital |  |  |  |  |  |  |  |  |  |  |  |  |
Total current liabilities |  | $ | 5,435 |  | $ | 55 |  | $ | 172,945 |  | $ | 178,435 |
Total long-term liabilities |  |  | — |  |  | — |  |  | 946 |  |  | 946 |
Total Liabilities |  |  | 5,435 |  |  | 55 |  |  | 173,891 |  |  | 179,381 |
Partners’ Capital |  |  | 356,467 |  |  | 930 |  |  | (161,247) |  |  | 196,150 |
Total Liabilities and Partners’ Capital |  | $ | 361,902 |  | $ | 985 |  | $ | 12,644 |  | $ | 375,531 |
The following table presents financial information by segment as of December 31, 2015:
|  | Gathering & |  |  |  |  | Corporate and |  | Azure Midstream |
In thousands |  | Processing |  | Logistics |  | Consolidation |  | Partners, LP |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Current assets |  | $ | 6,489 |  | $ | 1,565 |  | $ | 10,831 |  | $ | 18,885 |
Property, plant and equipment, net |  |  | 483,763 |  |  | 993 |  | $ | 399 |  |  | 485,155 |
Intangible assets, net |  |  | — |  |  | 59,583 |  |  | — |  |  | 59,583 |
Other assets (1) |  |  | — |  |  | — |  |  | 341 |  |  | 341 |
Total Assets |  | $ | 490,252 |  | $ | 62,141 |  | $ | 11,571 |  | $ | 563,964 |
Liabilities and Partners’ Capital |  |  |  |  |  |  |  |  |  |  |  |  |
Total current liabilities |  | $ | 3,691 |  | $ | 54 |  | $ | 2,569 |  | $ | 6,314 |
Total long-term liabilities (1) |  |  | 11,625 |  |  | — |  |  | 229,578 |  |  | 241,203 |
Total Liabilities |  |  | 15,316 |  |  | 54 |  |  | 232,147 |  |  | 247,517 |
Partners’ Capital |  |  | 474,936 |  |  | 62,087 |  |  | (220,576) |  |  | 316,447 |
Total Liabilities and Partners’ Capital |  | $ | 490,252 |  | $ | 62,141 |  | $ | 11,571 |  | $ | 563,964 |
_____________________________ (1) Includes reclassification of deferred loan costs of $3.3 million from other assets to total long-term liabilities.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8736-108599 + Details
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