Note 14 - Operating Segments (Tables)

9 Months Ended

Sep. 30, 2019

Notes Tables

Schedule of Segment Reporting Information, by Segment [Table Text Block]

	Three Months ended September 30,				Nine Months ended September 30,
	2018		2019		2018		2019
Asphalt Terminalling Services
Service revenue:
Third-party revenue	$	6,921	$	7,385	$	18,693	$	21,217
Related-party revenue		5,211		3,892		17,512		11,991
Lease revenue:
Third-party revenue		11,288		11,444		30,762		31,026
Related-party revenue		5,406		5,427		20,584		15,179
Product sales revenue:
Related-party revenue		482		-		482		-
Total revenue for reportable segment		29,308		28,148		88,033		79,413
Operating expense, excluding depreciation and amortization		11,683		11,025		38,412		34,980
Operating margin, excluding depreciation and amortization	$	17,625	$	17,123	$	49,621	$	44,433
Total assets (end of period)	$	143,454	$	145,761	$	143,454	$	145,761
Crude Oil Terminalling Services
Service revenue:
Third-party revenue	$	1,923	$	4,225	$	9,418	$	11,819
Intersegment revenue		222		278		392		853
Lease revenue:
Third-party revenue		9		-		35		-
Total revenue for reportable segment		2,154		4,503		9,845		12,672
Operating expense, excluding depreciation and amortization		928		1,212		3,115		3,511
Operating margin, excluding depreciation and amortization	$	1,226	$	3,291	$	6,730	$	9,161
Total assets (end of period)	$	67,213	$	66,045	$	67,213	$	66,045

	Three Months ended September 30,						Nine Months ended September 30,
	2018			2019			2018			2019
Crude Oil Pipeline Services
Service revenue:
Third-party revenue	$	1,165		$	1,284		$	4,270		$	5,753
Related-party revenue		185			64			268			266
Lease revenue:
Third-party revenue		40			-			452			-
Product sales revenue:
Third-party revenue		97,763			55,213			146,882			173,773
Total revenue for reportable segment		99,153			56,561			151,872			179,792
Operating expense, excluding depreciation and amortization		3,094			2,638			8,420			8,109
Intersegment operating expense		1,644			1,642			3,243			4,971
Third-party cost of product sales		50,815			18,972			73,493			64,069
Related-party cost of product sales		44,106			32,691			67,853			99,886
Operating margin, excluding depreciation and amortization	$	(506	)	$	618		$	(1,137	)	$	2,757
Total assets (end of period)	$	171,841		$	96,221		$	171,841		$	96,221
Crude Oil Trucking Services
Service revenue
Third-party revenue	$	2,734		$	2,822		$	11,783			8,540
Intersegment revenue		1,422			1,364			2,851			4,118
Lease revenue:
Third-party revenue		31			-			160			-
Product sales revenue:
Third-party revenue		-			-			10			-
Total revenue for reportable segment		4,187			4,186			14,804			12,658
Operating expense, excluding depreciation and amortization		4,303			4,053			15,405			12,515
Operating margin, excluding depreciation and amortization	$	(116	)	$	133		$	(601	)	$	143
Total assets (end of period)	$	3,731		$	5,948		$	3,731		$	5,948
Total operating margin, excluding depreciation and amortization(1)	$	18,229		$	21,165		$	54,613		$	56,494
Total Segment Revenues	$	134,802		$	93,398		$	264,554		$	284,535
Elimination of Intersegment Revenues		(1,644	)		(1,642	)		(3,243	)		(4,971	)
Consolidated Revenues	$	133,158		$	91,756		$	261,311		$	279,564

	Three Months ended September 30,						Nine Months ended September 30,
	2018			2019			2018			2019
Operating margin, excluding depreciation and amortization	$	18,229		$	21,165		$	54,613		$	56,494
Depreciation and amortization		(7,166	)		(6,240	)		(21,945	)		(19,211	)
General and administrative expense		(4,322	)		(3,840	)		(13,029	)		(10,495	)
Asset impairment expense		(15	)		(83	)		(631	)		(2,316	)
Gain (loss) on sale of assets		(63	)		(40	)		300			1,765
Other income		-			-			-			268
Gain on sale of unconsolidated affiliate		-			-			2,225			-
Interest expense		(4,090	)		(3,989	)		(12,683	)		(12,394	)
Income before income taxes	$	2,573		$	6,973		$	8,850		$	14,111