SEGMENTS

Our businesses are organized based on the nature and location of the services they provide. Certain summarized information related to our reportable segments is shown in the tables below. None of the operating segments have been aggregated. Our investment in NGL Energy is included within the SemStream segment. Although "Corporate and Other" does not represent an operating segment, it is included in the tables below to reconcile segment information to that of the consolidated Company. Eliminations of transactions between segments are also included within "Corporate and Other" in the tables below.

The accounting policies of each segment are the same as the accounting policies of the consolidated Company. Transactions between segments are generally recorded based on prices negotiated between the segments. Certain general and administrative and interest expenses incurred at the corporate level are allocated to the segments, based on our allocation policies in effect at the time.



	Three Months Ended June 30, 2015
	Crude			SemStream			SemCAMS		SemGas		SemLogistics			SemMexico		Corporate and Other			Consolidated
									(dollars in thousands)
Revenues:
External	$	223,303		$	—		$	35,915	$	60,270	$	6,279		$	51,459	$	—		$	377,226
Intersegment	—			—			—		6,451		—			—		(6,451		)	—
Total revenues	223,303			—			35,915		66,721		6,279			51,459		(6,451		)	377,226
Expenses:
Costs of products sold, exclusive of depreciation and amortization shown below	173,133			—			76		36,160		—			41,240		(6,451		)	244,158
Operating	23,955			—			23,665		8,799		2,041			2,340		—			60,800
General and administrative	6,332			12			4,193		2,641		2,246			2,823		4,670			22,917
Depreciation and amortization	10,608			—			3,187		7,359		2,154			1,037		329			24,674
Loss (gain) on disposal or impairment of long-lived assets, net	(79		)	—			—		1,450		—			—		1			1,372
Total expenses	213,949			12			31,121		56,409		6,441			47,440		(1,451		)	353,921
Earnings from equity method investments	17,683			6,220			—		—		—			—		—			23,903
Gain on issuance of common units by equity method investee	—			5,897			—		—		—			—		—			5,897
Operating income (loss)	27,037			12,105			4,794		10,312		(162		)	4,019		(5,000		)	53,105
Other expenses (income), net	13,083			(7,959		)	3,263		3,269		(432		)	56		(1,471		)	9,809
Income from continuing operations before income taxes	$	13,954		$	20,064		$	1,531	$	7,043	$	270		$	3,963	$	(3,529	)	$	43,296
Total assets at June 30, 2015 (excluding intersegment receivables)	$	1,407,189		$	122,773		$	282,551	$	709,818	$	154,432		$	97,011	$	175,615		$	2,949,389



	Three Months Ended June 30, 2014
	Crude			SemStream			SemCAMS			SemGas			SemLogistics			SemMexico			Corporate and Other			Consolidated
										(dollars in thousands)
Revenues:
External	$	292,156		$	—		$	39,954		$	83,162		$	3,981		$	62,971		$	—		$	482,224
Intersegment	—			—			—			9,792			—			—			(9,792		)	—
Total revenues	292,156			—			39,954			92,954			3,981			62,971			(9,792		)	482,224
Expenses:
Costs of products sold, exclusive of depreciation and amortization shown below	255,745			—			71			68,231			265			54,007			(9,792		)	368,527
Operating	17,689			—			28,836			8,012			1,940			2,947			—			59,424
General and administrative	6,438			(52		)	3,574			2,240			1,529			3,112			5,009			21,850
Depreciation and amortization	7,276			—			3,079			7,279			2,555			1,456			417			22,062
Loss (gain) on disposal of long-lived assets, net	(27		)	—			(915		)	20,100			(3,634		)	—			3,791			19,315
Total expenses	287,121			(52		)	34,645			105,862			2,655			61,522			(575		)	491,178
Earnings from equity method investments	14,219			4,968			—			—			—			—			—			19,187
Operating income (loss)	19,254			5,020			5,309			(12,908		)	1,326			1,449			(9,217		)	10,233
Other expenses (income), net	5,178			(1,277		)	3,750			2,013			83			(56		)	19,798			29,489
Income (loss) from continuing operations before income taxes	$	14,076		$	6,297		$	1,559		$	(14,921	)	$	1,243		$	1,505		$	(29,015	)	$	(19,256	)



	Six Months Ended June 30, 2015
	Crude		SemStream			SemCAMS		SemGas		SemLogistics			SemMexico			Corporate and Other			Consolidated
								(dollars in thousands)
Revenues:
External	$	364,971	$	—		$	65,639	$	120,546	$	11,431		$	112,949		$	—		$	675,536
Intersegment	—		—			—		12,432		—			—			(12,432		)	—
Total revenues	364,971		—			65,639		132,978		11,431			112,949			(12,432		)	675,536
Expenses:
Costs of products sold, exclusive of depreciation and amortization shown below	278,278		—			208		77,429		—			92,747			(12,432		)	436,230
Operating	45,117		—			41,996		16,845		4,655			5,277			—			113,890
General and administrative	11,954		15			7,569		4,704		3,923			4,765			22,297			55,227
Depreciation and amortization	20,751		—			6,253		14,497		4,194			2,090			623			48,408
Loss (gain) on disposal of long-lived assets, net	73		—			—		1,449		—			(19		)	927			2,430
Total expenses	356,173		15			56,026		114,924		12,772			104,860			11,415			656,185
Earnings from equity method investments	38,547		5,915			—		—		—			—			—			44,462
Gain on issuance of common units by equity method investee	—		5,897			—		—		—			—			—			5,897
Operating income (loss)	47,345		11,797			9,613		18,054		(1,341		)	8,089			(23,847		)	69,710
Other expenses (income), net	23,729		(17,175		)	6,332		6,120		684			125			(3,919		)	15,896
Income (loss) from continuing operations before income taxes	$	23,616	$	28,972		$	3,281	$	11,934	$	(2,025	)	$	7,964		$	(19,928	)	$	53,814



	Six Months Ended June 30, 2014
	Crude			SemStream			SemCAMS			SemGas			SemLogistics			SemMexico			Corporate and Other			Consolidated
										(dollars in thousands)
Revenues:
External	$	584,670		$	—		$	79,237		$	173,848		$	8,771		$	134,581		$	—		$	981,107
Intersegment	—			—			—			19,684			—			—			(19,684		)	—
Total revenues	584,670			—			79,237			193,532			8,771			134,581			(19,684		)	981,107
Expenses:
Costs of products sold, exclusive of depreciation and amortization shown below	510,282			—			138			146,813			615			115,476			(19,684		)	753,640
Operating	32,828			—			52,502			15,456			4,020			5,396			—			110,202
General and administrative	10,380			61			7,554			4,212			2,951			5,863			9,565			40,586
Depreciation and amortization	18,758			—			5,908			12,248			5,050			2,883			852			45,699
Loss (gain) on disposal of long-lived assets, net	(61		)	—			(915		)	20,104			(3,634		)	(28		)	3,791			19,257
Total expenses	572,187			61			65,187			198,833			9,002			129,590			(5,476		)	969,384
Earnings from equity method investments	25,590			8,559			—			—			—			—			—			34,149
Gain on issuance of common units by equity method investee	—			8,127			—			—			—			—			—			8,127
Operating income (loss)	38,073			16,625			14,050			(5,301		)	(231		)	4,991			(14,208		)	53,999
Other expenses (income), net	9,841			(2,541		)	7,905			3,702			334			(101		)	17,846			36,986
Income (loss) from continuing operations before income taxes	$	28,232		$	19,166		$	6,145		$	(9,003	)	$	(565	)	$	5,092		$	(32,054	)	$	17,013