Quarterly Financial Data

12 Months Ended

Dec. 31, 2014

Quarterly Financial Data [Abstract]

Quarterly Financial Data (Unaudited)

QUARTERLY FINANCIAL DATA (UNAUDITED)

Summarized information on our consolidated results of operations for the quarters during the year ended December 31, 2014 is shown below (in thousands, except per share amounts):

	First Quarter			Second Quarter			Third Quarter			Fourth Quarter			Total
Total revenues	$	498,883		$	482,224		$	594,235		$	547,237		$	2,122,579
Loss (gain) on disposal or impairment of long-lived assets, net	(58		)	19,315			1,376			11,959			32,592
Other operating costs and expenses	478,264			471,863			575,936			530,150			2,056,213
Total expenses	478,206			491,178			577,312			542,109			2,088,805
Earnings from equity method investments	14,962			19,187			14,223			15,827			64,199
Gain on issuance of common units by equity method investee	8,127			—			18,772			2,121			29,020
Operating income	43,766			10,233			49,918			23,076			126,993
Other expenses (income), net	7,497			29,489			(6,368		)	(2,196		)	28,422
Income (loss) from continuing operations before income taxes	36,269			(19,256		)	56,286			25,272			98,571
Income tax expense (benefit)	16,526			(6,672		)	24,090			12,569			46,513
Income (loss) from continuing operations	19,743			(12,584		)	32,196			12,703			52,058
Income (loss) from discontinued operations, net of income taxes	(5		)	—			—			4			(1		)
Net income (loss)	19,738			(12,584		)	32,196			12,707			52,057
Less: net income attributable to noncontrolling interests	6,150			5,025			6,934			4,633			22,817
Net income (loss) attributable to SemGroup	$	13,588		$	(17,609	)	$	25,262		$	8,074		$	29,240
Earnings (loss) per share—basic	$	0.32		$	(0.41	)	$	0.59		$	0.19		$	0.69
Earnings (loss) per share—diluted	$	0.29		$	(0.41	)	$	0.59		$	0.18		$	0.68

Summarized information on our consolidated results of operations for the quarters during the year ended December 31, 2013 is shown below (in thousands, except per share amounts):

	First Quarter			Second Quarter			Third Quarter			Fourth Quarter			Total
Total revenues	$	287,696		$	324,244		$	357,748		$	457,328		$	1,427,016
Loss (gain) on disposal of long-lived assets, net	(162		)	(376		)	408			(109		)	(239		)
Other operating costs and expenses	282,813			312,103			344,979			448,796			1,388,691
Total expenses	282,651			311,727			345,387			448,687			1,388,452
Earnings from equity method investments	17,345			14,861			7,483			12,788			52,477
Gain on issuance of common units by equity method investee	—			—			—			26,873			26,873
Operating income	22,390			27,378			19,844			48,302			117,914
Other expenses, net	27,862			10,613			13,294			17,646			69,415
Income (loss) from continuing operations before income taxes	(5,472		)	16,765			6,550			30,656			48,499
Income tax expense (benefit)	(54,006		)	9,288			3,413			24,051			(17,254		)
Income from continuing operations	48,534			7,477			3,137			6,605			65,753
Income (loss) from discontinued operations, net of income taxes	32			35			(2		)	(6		)	59
Net income	48,566			7,512			3,135			6,599			65,812
Less: net income attributable to noncontrolling interests	5,143			3,943			5,054			3,319			17,710
Net income (loss) attributable to SemGroup	$	43,423		$	3,569		$	(1,919	)	$	3,280		$	48,102
Earnings (loss) per share—basic	$	1.03		$	0.08		$	(0.05	)	$	0.08		$	1.14
Earnings (loss) per share—diluted	$	1.03		$	0.08		$	(0.05	)	$	0.08		$	1.13