v2.3.0.11
Condensed Statements of Consolidated Operations (Unaudited) (USD $)
In Thousands, except Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
REVENUES        
Affiliate $ 18,878 $ 3,987 $ 24,440 $ 8,942
Third-party 888 935 1,596 1,876
Total Revenues 19,766 4,922 26,036 10,818
COSTS AND EXPENSES        
Operating and maintenance expenses 8,141 8,081 16,849 16,124
Depreciation and amortization expense 2,020 2,129 4,037 3,979
General and administrative expenses 2,056 716 3,415 1,491
Loss on asset disposals 1 427 1 436
Total Costs and Expenses 12,218 11,353 24,302 22,030
OPERATING INCOME (LOSS) 7,548 (6,431) 1,734 (11,212)
Interest and financing costs, net (461) 0 (461) 0
NET INCOME (LOSS) 7,087 (6,431) 1,273 (11,212)
Less: Predecessor loss prior to initial public offering on April 26, 2011 (808)   (6,622)  
Net income subsequent to initial public offering 7,895   7,895  
Less: General partner's interest in net income subsequent to initial public offering 157   157  
Limited partners' interest in net income subsequent to initial public offering $ 7,738   $ 7,738  
Net income per limited partner unit:        
Common $ 0.25   $ 0.25  
Subordinated - Tesoro $ 0.25   $ 0.25  
Limited partner units outstanding:        
Common units - Public 14,950,000   14,950,000  
Common units - Tesoro 304,890   304,890  
Subordinated units - Tesoro 15,254,890   15,254,890