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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues:        
Affiliates $ 54,224 $ 37,139 $ 107,017 $ 71,246
Third parties 9,468 13,801 20,190 24,711
Total revenues 63,692 50,940 127,207 95,957
Operating costs and expenses:        
Operations 17,923 14,366 34,911 27,162
Depreciation and amortization 9,132 7,713 19,396 15,353
General and administrative 2,487 1,573 4,526 2,936
Total operating costs and expenses 29,542 23,652 58,833 45,451
Operating income 34,150 27,288 68,374 50,506
Other income (expense):        
Equity in earnings of SLC Pipeline 794 467 1,625 1,207
Interest expense (11,324) (8,724) (21,729) (17,273)
Loss on early extinguishment of debt (383) 0 (2,979) 0
Other expense 0 0 0 (12)
Other nonoperating income (expense) and equity earnings (10,913) (8,257) (23,083) (16,078)
Income before income taxes 23,237 19,031 45,291 34,428
State income tax expense (75) (18) (150) (246)
Net income 23,162 19,013 45,141 34,182
Less general partner interest in net income, including incentive distributions 5,917 3,847 11,425 7,409
Limited partners’ interest in net income $ 17,245 $ 15,166 $ 33,716 $ 26,773
Limited partners’ per unit interest in earnings—basic and diluted: $ 0.63 $ 0.69 $ 1.23 $ 1.21
Weighted average limited partners’ units outstanding 27,361 22,079 27,361 22,079