v3.8.0.1
QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)
12 Months Ended
Dec. 31, 2017
Selected Quarterly Financial Information [Abstract]  
Schedule of Quarterly Financial Information [Table Text Block]
The following table summarizes quarterly financial data for the years ended December 31, 2017 and 2016:
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
Total
 
(Thousands of Dollars, Except Per Unit Data)
2017:
 
 
 
 
 
 
 
 
 
Revenues
$
487,430

 
$
435,488

 
$
440,566

 
$
450,535

 
$
1,814,019

Operating income
$
97,139

 
$
73,404

 
$
91,717

 
$
74,018

 
$
336,278

Net income
$
57,940

 
$
26,250

 
$
38,592

 
$
25,182

 
$
147,964

Basic and diluted net income per common unit
$
0.49

 
$
0.05

 
$
0.15

 
$

 
$
0.64

Cash distributions per unit applicable to common limited partners
$
1.095

 
$
1.095

 
$
1.095

 
$
1.095

 
$
4.380

 
 
 
 
 
 
 
 
 
 
2016:
 
 
 
 
 
 
 
 
 
Revenues
$
405,703

 
$
437,804

 
$
441,418

 
$
471,757

 
$
1,756,682

Operating income
$
94,565

 
$
91,217

 
$
87,954

 
$
85,373

 
$
359,109

Net income (loss)
$
57,401

 
$
52,517

 
$
51,141

 
$
(11,056
)
 
$
150,003

Basic and diluted net income (loss) per common unit
$
0.57

 
$
0.52

 
$
0.49

 
$
(0.31
)
 
$
1.27

Cash distributions per unit applicable to common limited partners
$
1.095

 
$
1.095

 
$
1.095

 
$
1.095

 
$
4.380



The quarterly financial data in the table above includes the impact of a $58.7 million non-cash impairment charge on the Axeon Term Loan in the fourth quarter of 2016.