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QUARTERLY FINANCIAL DATA (UNAUDITED)
12 Months Ended
Dec. 31, 2015
Selected Quarterly Financial Information [Abstract]  
QUARTERLY FINANCIAL DATA (UNAUDITED)
QUARTERLY FINANCIAL DATA (UNAUDITED)

The following table summarizes quarterly financial data for the years ended December 31, 2015 and 2014:
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
Total
 
(Thousands of Dollars, Except Per Unit Data)
2015:
 
 
 
 
 
 
 
 
 
Revenues
$
554,944

 
$
570,611

 
$
493,566

 
$
464,919

 
$
2,084,040

Operating income
$
99,281

 
$
92,405

 
$
100,994

 
$
98,024

 
$
390,704

Income from continuing operations
$
127,125

 
$
54,325

 
$
65,016

 
$
59,480

 
$
305,946

Income from discontinued
operations, net of tax
774

 

 

 

 
774

Net income
$
127,899

 
$
54,325

 
$
65,016

 
$
59,480

 
$
306,720

Net income per unit applicable to limited
partners:
 
 
 
 
 
 
 
 
 
Continuing operations
$
1.46

 
$
0.54

 
$
0.68

 
$
0.61

 
$
3.29

Discontinued operations
0.01

 

 

 

 
0.01

Total
$
1.47

 
$
0.54

 
$
0.68

 
$
0.61

 
$
3.30

Cash distributions per unit applicable to limited
partners
$
1.095

 
$
1.095

 
$
1.095

 
$
1.095

 
$
4.380

 
 
 
 
 
 
 
 
 
 
2014:
 
 
 
 
 
 
 
 
 
Revenues
$
849,213

 
$
749,745

 
$
794,422

 
$
681,738

 
$
3,075,118

Operating income
$
81,103

 
$
89,354

 
$
95,098

 
$
81,346

 
$
346,901

Income from continuing operations
$
42,996

 
$
57,187

 
$
59,117

 
$
54,869

 
$
214,169

(Loss) income from discontinued
operations, net of tax
(3,359
)
 
(1,788
)
 
2,831

 
(1,475
)
 
(3,791
)
Net income
$
39,637

 
$
55,399

 
$
61,948

 
$
53,394

 
$
210,378

Net income (loss) per unit applicable to limited
partners:
 
 
 
 
 
 
 
 
 
Continuing operations
$
0.40

 
$
0.58

 
$
0.61

 
$
0.55

 
$
2.14

Discontinued operations
(0.04
)
 
(0.02
)
 
0.03

 
(0.01
)
 
(0.04
)
Total
$
0.36

 
$
0.56

 
$
0.64

 
$
0.54

 
$
2.10

Cash distributions per unit applicable to limited
partners
$
1.095

 
$
1.095

 
$
1.095

 
$
1.095

 
$
4.380