Segment Information (Tables)

3 Months Ended

Mar. 31, 2013

Segment Information [Abstract]

Information by segment

Segment information is shown in the following tables. We have segregated the following segment information between Partnership and non-Partnership activities. Partnership activities have been presented on a common control accounting basis, which reflects the drop-down transactions between us and the Partnership as if they occurred in prior periods similar to a pooling of interests. The non-Partnership results include activities related to certain assets and liabilities contractually excluded from the drop-down transactions and certain historical hedge activities that could not be reflected under GAAP in the Partnership common control results.

	Three Months Ended March 31, 2013
	Partnership
	Field Gathering and Processing		Coastal Gathering and Processing		Logistics Assets		Marketing and Distribution		Other		Corporate and Eliminations			TRC Non-Partnership		Consolidated
Revenues
Sales of commodities	$	38.1	$	69.6	$	32.9	$	1,136.5	$	6.6	$	-		$	-	$	1,283.7
Fees from midstream services		20.2		8.8		47.1		38.0		-		-			-		114.1
		58.3		78.4		80.0		1,174.5		6.6		-			-		1,397.8
Intersegment revenues
Sales of commodities		273.0		151.9		0.9		110.5		-		(536.3	)		-		-
Fees from midstream services		0.9		-		36.6		6.4		-		(43.9	)		-		-
		273.9		151.9		37.5		116.9		-		(580.2	)		-		-
Revenues	$	332.2	$	230.3	$	117.5	$	1,291.4	$	6.6	$	(580.2	)	$	-	$	1,397.8
Operating margin	$	53.8	$	23.5	$	56.3	$	34.0	$	6.6	$	-		$	-	$	174.2
Other financial information:
Total assets	$	2,854.7	$	416.3	$	1,210.7	$	436.9	$	21.4	$	134.2		$	74.3	$	5,148.5
Capital expenditures	$	96.1	$	6.5	$	103.7	$	-	$	-	$	0.6		$	-	$	206.9

	Three Months Ended March 31, 2012
	Partnership
	Field Gathering and Processing		Coastal Gathering and Processing		Logistics Assets		Marketing and Distribution		Other		Corporate and Eliminations			TRC Non-Partnership		Consolidated
Revenues
Sales of commodities	$	45.4	$	59.8	$	45.7	$	1,417.2	$	1.4	$	-		$	0.3	$	1,569.8
Fees from midstream services		10.9		3.7		38.7		22.7		-		-			-		76.0
		56.3		63.5		84.4		1,439.9		1.4		-			0.3		1,645.8
Intersegment revenues
Sales of commodities		317.4		220.0		-		132.0		-		(669.4	)		-		-
Fees from midstream services		0.3		0.1		24.0		9.3		-		(33.7	)		-		-
		317.7		220.1		24.0		141.3		-		(703.1	)		-		-
Revenues	$	374.0	$	283.6	$	108.4	$	1,581.2	$	1.4	$	(703.1	)	$	0.3	$	1,645.8
Operating margin	$	73.0	$	46.3	$	43.0	$	26.1	$	1.4	$	-		$	0.2	$	190.0
Other financial information:
Total assets	$	1,661.1	$	422.5	$	823.0	$	507.9	$	49.5	$	123.1		$	111.3	$	3,698.4
Capital expenditures	$	26.2	$	2.0	$	60.1	$	9.1	$	-	$	0.6		$	0.3	$	98.3

Revenues by product and service

The following table shows our consolidated revenues by product and service for the periods presented:

	Three Months Ended March 31,
	2013		2012
Sales of commodities
Natural gas sales	$	255.3	$	202.9
NGL sales		963.5		1,290.2
Condensate sales		27.1		29.0
Petroleum products		31.3		45.5
Derivative activities		6.5		2.2
		1,283.7		1,569.8
Fees from midstream services
Fractionating and treating fees		29.7		26.9
Storage, terminaling, transportation and export fees		60.2		30.5
Gas gathering and processing fees		18.5		8.6
Other		5.7		10.0
		114.1		76.0
Total revenues	$	1,397.8	$	1,645.8

Reconciliation of operating margin to net income

The following table shows a reconciliation of operating margin to net income for the periods presented:

	Three Months Ended March 31,
	2013			2012
Reconciliation of operating margin to net income
Operating margin	$	174.2		$	190.0
Depreciation and amortization expense		(64.0	)		(47.4	)
General and administrative expense		(36.3	)		(34.9	)
Interest expense, net		(32.1	)		(30.5	)
Income tax expense		(9.4	)		(10.1	)
Other, net		1.4			2.1
Net income	$	33.8		$	69.2