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Segment Data (Tables)

3 Months Ended

Mar. 31, 2019

Segment Reporting [Abstract]

Summary Segment Data

The following is a summary of business segment operating performance as measured by contribution margin for the periods indicated (in thousands):

		Three Months Ended
		March 31,
		2019				2018
Pipelines and Transportation
Net revenues:
Affiliate		$	36,659			$	29,462
Third party		3,974				4,251
Total pipelines and transportation		40,633				33,713
Cost of materials and other		5,567				4,441
Operating expenses (excluding depreciation and amortization)		10,834				9,622
Segment contribution margin		$	24,232			$	19,650
Capital spending  (1)		424				$	1,408
Wholesale Marketing and Terminalling
Net revenues:
Affiliate (2)		$	26,306			$	32,182
Third party		85,544				102,026
Total wholesale marketing and terminalling		111,850				134,208
Cost of materials and other		90,698				114,591
Operating expenses (excluding depreciation and amortization)		5,224				2,955
Segment contribution margin		$	15,928			$	16,662
Capital spending (1)		480				$	789
Consolidated
Net revenues:
Affiliate		$	62,965			$	61,644
Third party		89,518				106,277
Total Consolidated		152,483				167,921
Cost of materials and other		96,265				119,032
Operating expenses (excluding depreciation and amortization presented below)		16,058				12,577
Contribution margin		40,160				36,312
General and administrative expenses		4,473				2,975
Depreciation and amortization		6,574				6,000
Loss (gain) on asset disposals		2				60
Operating income		$	29,111			$	27,277
Capital spending (1)		904				$	2,197

⁽¹⁾ Capital spending excludes transaction costs capitalized in the amount of $0.4 million that relate to the Big Spring Logistic Assets Acquisition for the three months ended March 31, 2018.

⁽²⁾ Affiliate revenue for the wholesale marketing and terminalling segment is presented net of amortization expense pertaining to the Marketing Contract Intangible Acquisition. See Note 3 for additional information.

The following table summarizes the total assets for each segment as of March 31, 2019 and December 31, 2018 (in thousands):

		March 31, 2019				December 31, 2018
Pipelines and transportation		$	401,833			$	387,333
Wholesale marketing and terminalling		238,375				237,260
Total assets		$	640,208			$	624,593

Property, plant and equipment and accumulated depreciation as of March 31, 2019 and depreciation expense by reporting segment for the three months ended March 31, 2019 were as follows (in thousands):

		Pipelines and Transportation				Wholesale Marketing and Terminalling				Consolidated
Property, plant and equipment		$	359,213			$	94,378			$	453,591
Less: accumulated depreciation		(112,170		)		(34,542		)		(146,712		)
Property, plant and equipment, net		$	247,043			$	59,836			$	306,879
Depreciation expense for the three months ended March 31, 2019		$	5,241			$	1,333			$	6,574

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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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Paragraph 21
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Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599

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