Note 11 - Operating Segments (Tables)

3 Months Ended

Mar. 31, 2020

Notes Tables

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

	Three Months Ended March 31,
	2019		2020
Asphalt Terminalling Services
Service revenue:
Third-party revenue	$	6,982	$	6,854
Related-party revenue		4,118		4,077
Lease revenue:
Third-party revenue		9,763		9,831
Related-party revenue		4,940		4,921
Total revenue for reportable segment		25,803		25,683
Operating expense, excluding depreciation and amortization		12,285		12,026
Operating margin, excluding depreciation and amortization	$	13,518	$	13,657
Total assets (end of period)	$	147,844	$	143,621
Crude Oil Terminalling Services
Service revenue:
Third-party revenue	$	3,573	$	3,330
Intersegment revenue		298		-
Total revenue for reportable segment		3,871		3,330
Operating expense, excluding depreciation and amortization		1,282		878
Operating margin, excluding depreciation and amortization	$	2,589	$	2,452
Total assets (end of period)	$	67,934	$	61,984

	Three Months Ended March 31,
	2019			2020
Crude Oil Pipeline Services
Service revenue:
Third-party revenue	$	2,498		$	502
Related-party revenue		101			-
Product sales revenue:
Third-party revenue		58,924			47,052
Total revenue for reportable segment		61,523			47,554
Operating expense, excluding depreciation and amortization		2,722			2,123
Intersegment operating expense		1,627			1,425
Third-party cost of product sales		24,587			14,221
Related-party cost of product sales		30,774			28,254
Operating margin, excluding depreciation and amortization	$	1,813		$	1,531
Total assets (end of period)	$	98,722		$	79,180
Crude Oil Trucking Services
Service revenue
Third-party revenue	$	2,833		$	2,543
Intersegment revenue		1,329			1,425
Total revenue for reportable segment		4,162			3,968
Operating expense, excluding depreciation and amortization		4,220			3,818
Operating margin, excluding depreciation and amortization	$	(58	)	$	150
Total assets (end of period)	$	5,156		$	5,287
Total operating margin, excluding depreciation and amortization (1)	$	17,862		$	17,790
Total Segment Revenues	$	95,359		$	80,535
Elimination of Intersegment Revenues		(1,627	)		(1,425	)
Consolidated Revenues	$	93,732		$	79,110

	Three Months Ended March 31,
	2019			2020
Operating margin, excluding depreciation and amortization	$	17,862		$	17,790
Depreciation and amortization		(6,734	)		(6,094	)
General and administrative expense		(3,693	)		(3,540	)
Asset impairment expense		(1,119	)		(5,122	)
Gain (loss) on sale of assets		1,724			(185	)
Other income		-			558
Interest expense		(4,271	)		(3,399	)
Income before income taxes	$	3,769		$	8