v3.10.0.1
SEGMENT INFORMATION
6 Months Ended
Jun. 30, 2018
Segment Reporting [Abstract]  
SEGMENT INFORMATION
SEGMENT INFORMATION

Our reportable business segments consist of the pipeline, storage and fuels marketing segments. 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, and the terminalling, storage and marketing of petroleum products. Intersegment revenues result from storage agreements with wholly owned subsidiaries of NuStar Energy at rates consistent with the rates charged to third parties for storage.
Results of operations for the reportable segments were as follows:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2018
 
2017
 
2018
 
2017
 
(Thousands of Dollars)
Revenues:
 
 
 
 
 
 
 
Pipeline
$
150,276

 
$
126,740

 
$
287,066

 
$
247,980

Storage:
 
 
 
 
 
 
 
Third parties
155,445

 
154,830

 
308,698

 
298,318

Intersegment
2,005

 
3,729

 
4,080

 
7,672

Total storage
157,450

 
158,559

 
312,778

 
305,990

Fuels marketing
180,483

 
153,918

 
366,321

 
376,620

Consolidation and intersegment eliminations
(2,005
)
 
(3,729
)
 
(4,080
)
 
(7,672
)
Total revenues
$
486,204

 
$
435,488

 
$
962,085

 
$
922,918

 
 
 
 
 
 
 
 
Operating income:
 
 
 
 
 
 
 
Pipeline
$
62,979

 
$
52,868

 
$
120,773

 
$
117,896

Storage
44,184

 
56,049

 
100,445

 
109,808

Fuels marketing
2,904

 
289

 
9,224

 
5,429

Consolidation and intersegment eliminations
3

 
1

 

 
1

Total segment operating income
110,070

 
109,207

 
230,442

 
233,134

General and administrative expenses
27,981

 
33,604

 
47,755

 
58,199

Other depreciation and amortization expense
2,251

 
2,199

 
4,369

 
4,392

Total operating income
$
79,838

 
$
73,404

 
$
178,318

 
$
170,543



Total assets by reportable segment were as follows:
 
June 30,
2018
 
December 31,
2017
 
(Thousands of Dollars)
Pipeline
$
3,581,710

 
$
3,492,417

Storage
2,754,290

 
2,735,563

Fuels marketing
118,119

 
118,746

Total segment assets
6,454,119

 
6,346,726

Other partnership assets
192,850

 
188,507

Total consolidated assets
$
6,646,969

 
$
6,535,233