v3.10.0.1

SEGMENT INFORMATION

9 Months Ended

Sep. 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 September 30,								Nine Months Ended September 30,
	2018				2017				2018				2017
	(Thousands of Dollars)
Revenues:
Pipeline	$	162,843			$	137,426			$	449,909			$	385,406
Storage:
Third parties	152,411				155,677				461,109				453,995
Intersegment	1,719				2,394				5,799				10,066
Total storage	154,130				158,071				466,908				464,061
Fuels marketing	175,109				147,463				541,430				524,083
Consolidation and intersegment eliminations	(1,719		)		(2,394		)		(5,799		)		(10,066		)
Total revenues	$	490,363			$	440,566			$	1,452,448			$	1,363,484
Operating income:
Pipeline	$	77,021			$	61,119			$	197,794			$	179,015
Storage	46,459				59,323				146,904				169,131
Fuels marketing	1,890				(1,532		)		11,114				3,897
Consolidation and intersegment eliminations	—				(1		)		—				—
Total segment operating income	125,370				118,909				355,812				352,043
General and administrative expenses	27,817				25,003				75,572				83,202
Other depreciation and amortization expense	2,276				2,189				6,645				6,581
Total operating income	$	95,277			$	91,717			$	273,595			$	262,260

Total assets by reportable segment were as follows:

	September 30, 2018				December 31, 2017
	(Thousands of Dollars)
Pipeline	$	3,606,413			$	3,492,417
Storage	2,787,886				2,735,563
Fuels marketing	132,497				118,746
Total segment assets	6,526,796				6,346,726
Other partnership assets	194,162				188,507
Total consolidated assets	$	6,720,958			$	6,535,233

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- References

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- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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