v3.4.0.3
SEGMENT INFORMATION
 3 Months Ended
Mar. 31, 2016
Segment Reporting [Abstract]  
SEGMENT INFORMATION
SEGMENT INFORMATION

Our reportable business segments consist of pipeline, storage and fuels marketing. Our segments represent strategic business units that offer different services and products. We evaluate the performance of each segment based on its respective operating income, before general and administrative expenses and certain non-segmental depreciation and amortization expense. General and administrative expenses are not allocated to the operating segments since those expenses relate primarily to the overall management at the entity level. Our principal operations include the transportation of petroleum products and anhydrous ammonia, the terminalling and storage of petroleum products and the marketing of petroleum products. Intersegment revenues result from storage agreements with wholly owned subsidiaries of NuStar Energy at lease rates consistent with rates charged to third parties for storage.
Results of operations for the reportable segments were as follows:
 
Three Months Ended March 31,
 
2016
 
2015
 
(Thousands of Dollars)
Revenues:
 
 
 
Pipeline
$
118,873

 
$
124,425

Storage:
 
 
 
Third parties
146,384

 
144,085

Intersegment
6,015

 
6,249

Total storage
152,399

 
150,334

Fuels Marketing
140,446

 
286,434

Consolidation and intersegment eliminations
(6,015
)
 
(6,249
)
Total revenues
$
405,703

 
$
554,944

 
 
 
 
Operating income (loss):
 
 
 
Pipeline
$
64,265

 
$
68,640

Storage
57,013

 
47,978

Fuels marketing
(773
)
 
9,925

Consolidation and intersegment eliminations
—

 
43

Total segment operating income
120,505

 
126,586

General and administrative expenses
23,785

 
25,053

Other depreciation and amortization expense
2,155

 
2,252

Total operating income
$
94,565

 
$
99,281



Total assets by reportable segment were as follows:
 
March 31,
2016
 
December 31,
2015
 
(Thousands of Dollars)
Pipeline
$
1,999,202

 
$
2,014,098

Storage
2,471,658

 
2,476,389

Fuels marketing
144,921

 
156,866

Total segment assets
4,615,781

 
4,647,353

Other partnership assets
479,768

 
478,172

Total consolidated assets
$
5,095,549

 
$
5,125,525