| Schedule of Quarterly Financial Information |
Our quarterly financial information for the years ended December 31, 2015 and 2016 is as follows (in thousands, except per unit data):
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First
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Second
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Third
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Forth
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quarter
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quarter
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quarter
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quarter
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(unaudited)
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Year ended December 31, 2015
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Total operating revenues
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$
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85,834
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$
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88,093
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$
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81,704
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$
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131,693
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Total operating expenses
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51,923
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51,333
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37,012
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79,793
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Operating income
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33,911
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36,760
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44,692
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51,900
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Net income
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32,325
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35,124
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42,648
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49,008
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Less: Pre-Water Acquisition net income attributed to parent
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(16,678)
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(15,674)
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(7,841)
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—
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Less: general partner's interest in net income
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(295)
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(969)
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Net income attributable to limited partner units
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$
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15,647
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$
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19,450
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$
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34,512
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$
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48,039
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Net income per limited partner unit:
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Basic and Diluted:
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Common units
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$
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0.10
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$
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0.13
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$
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0.23
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$
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0.27
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Subordinated units
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$
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0.10
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$
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0.13
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$
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0.22
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$
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0.27
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Year ended December 31, 2016
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Total operating revenues
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$
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136,072
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$
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136,810
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$
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150,475
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$
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166,854
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Total operating expenses
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89,452
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83,503
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76,192
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82,953
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Operating income
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46,620
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53,307
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74,283
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83,901
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Net income
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42,916
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49,912
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70,524
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73,351
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Less: general partner's interest in net income
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(1,850)
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(2,731)
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(4,806)
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(7,557)
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Net income attributable to limited partner units
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$
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41,066
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$
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47,181
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$
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65,718
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$
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65,794
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Net income per limited partner unit:
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Basic and Diluted:
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Common units
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$
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0.23
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$
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0.27
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$
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0.37
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$
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0.37
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Subordinated units
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$
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0.23
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$
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0.27
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$
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0.37
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$
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0.37
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