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Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2011
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data (Unaudited)
Quarterly Financial Data (Unaudited)
Summarized quarterly financial data is as follows:
 
 
 
First
 
Second
 
Third(1)
 
Fourth
 
Total
 
 
(In thousands, except per unit data)
Year Ended December 31, 2011
 
 
 
 
 
 
 
 
 
 
Revenues
 
$
45,017

 
$
50,940

 
$
49,268

 
$
68,324

 
$
213,549

Operating income
 
$
23,218

 
$
27,288

 
$
22,204

 
$
38,911

 
$
111,621

Income before income taxes
 
$
15,397

 
$
19,031

 
$
14,037

 
$
29,766

 
$
78,231

Net income
 
$
15,169

 
$
19,013

 
$
14,114

 
$
29,701

 
$
77,997

Limited partners’ interest in net income
 
$
11,607

 
$
15,166

 
$
10,159

 
$
24,296

 
$
61,228

Limited partners’ per unit interest in net income – basic and diluted
 
$
0.53

 
$
0.69

 
$
0.46

 
$
0.97

 
$
2.68

Distributions per limited partner unit
 
$
0.855

 
$
0.865

 
$
0.875

 
$
0.885

 
$
3.48

Year Ended December 31, 2010
 
 
 
 
 
 
 
 
 
 
Revenues
 
$
40,696

 
$
45,483

 
$
46,549

 
$
49,369

 
$
182,097

Operating income
 
$
17,863

 
$
22,484

 
$
24,172

 
$
26,230

 
$
90,749

Income before income taxes
 
$
10,796

 
$
13,481

 
$
16,335

 
$
18,553

 
$
59,165

Net income
 
$
10,702

 
$
13,435

 
$
16,259

 
$
18,473

 
$
58,869

Limited partners’ interest in net income
 
$
8,056

 
$
10,526

 
$
13,087

 
$
15,048

 
$
46,717

Limited partners’ per unit interest in net income – basic and diluted
 
$
0.36

 
$
0.48

 
$
0.59

 
$
0.68

 
$
2.12

Distributions per limited partner unit
 
$
0.815

 
$
0.825

 
$
0.835

 
$
0.845

 
$
3.32

 
(1)
As a result of our November 9, 2011 tankage and terminal asset acquisition from HFC (see Note 3), we have retrospectively adjusted our third quarter of 2011 operating costs and expenses to include expenses incurred by HFC prior to our acquisition. Therefore, summarized quarterly financial data for the third quarter of the year ended December 31, 2011 does not agree to amounts previously reported.