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 September 30, 2015
	Crude			SemStream			SemCAMS			SemGas		SemLogistics			SemMexico		Corporate and Other			Consolidated
										(dollars in thousands)
Revenues:
External	$	241,086		$	—		$	33,152		$	60,908	$	5,659		$	56,260	$	—		$	397,065
Intersegment	—			—			—			4,162		—			—		(4,162		)	—
Total revenues	241,086			—			33,152			65,070		5,659			56,260		(4,162		)	397,065
Expenses:
Costs of products sold, exclusive of depreciation and amortization shown below	195,244			—			27			36,915		—			46,615		(4,162		)	274,639
Operating	19,329			—			21,062			8,475		1,955			2,447		(1		)	53,267
General and administrative	7,733			7			3,600			2,376		1,757			2,823		4,749			23,045
Depreciation and amortization	10,634			—			3,198			8,601		2,173			993		423			26,022
Loss (gain) on disposal or impairment of long-lived assets, net	(603		)	—			(917		)	445		—			124		—			(951		)
Total expenses	232,337			7			26,970			56,812		5,885			53,002		1,009			376,022
Earnings (loss) from equity method investments	17,115			(878		)	—			—		—			—		—			16,237
Gain on issuance of common units by equity method investee	—			136			—			—		—			—		—			136
Operating income (loss)	25,864			(749		)	6,182			8,258		(226		)	3,258		(5,171		)	37,416
Other expenses (income), net	16,030			(1,352		)	1,702			3,504		1,021			143		(3,219		)	17,829
Income (loss) from continuing operations before income taxes	$	9,834		$	603		$	4,480		$	4,754	$	(1,247	)	$	3,115	$	(1,952	)	$	19,587
Total assets at September 30, 2015 (excluding intersegment receivables)	$	1,377,143		$	117,280		$	586,944		$	722,615	$	157,087		$	98,029	$	(181,530	)	$	2,877,568



	Three Months Ended September 30, 2014
	Crude		SemStream			SemCAMS			SemGas			SemLogistics			SemMexico			Corporate and Other			Consolidated
									(dollars in thousands)
Revenues:
External	$	376,856	$	—		$	53,800		$	87,103		$	1,299		$	75,177		$	—		$	594,235
Intersegment	—		—			—			9,726			—			—			(9,726		)	—
Total revenues	376,856		—			53,800			96,829			1,299			75,177			(9,726		)	594,235
Expenses:
Costs of products sold, exclusive of depreciation and amortization shown below	333,646		—			97			68,722			—			65,324			(9,726		)	458,063
Operating	22,057		—			33,537			8,965			2,148			2,670			—			69,377
General and administrative	4,696		30			3,836			2,312			1,595			2,928			7,899			23,296
Depreciation and amortization	8,395		—			5,113			7,064			2,543			1,655			430			25,200
Loss (gain) on disposal of long-lived assets, net	291		—			(35		)	(12		)	1,139			(7		)	—			1,376
Total expenses	369,085		30			42,548			87,051			7,425			72,570			(1,397		)	577,312
Earnings (loss) from equity method investments	18,705		(4,482		)	—			—			—			—			—			14,223
Gain on issuance of common units by equity method investee	—		18,772			—			—			—			—			—			18,772
Operating income (loss)	26,476		14,260			11,252			9,778			(6,126		)	2,607			(8,329		)	49,918
Other expenses (income), net	10,526		(28,041		)	3,920			2,330			969			31			3,897			(6,368		)
Income (loss) from continuing operations before income taxes	$	15,950	$	42,301		$	7,332		$	7,448		$	(7,095	)	$	2,576		$	(12,226	)	$	56,286



	Nine Months Ended September 30, 2015
	Crude			SemStream			SemCAMS			SemGas		SemLogistics			SemMexico		Corporate and Other			Consolidated
										(dollars in thousands)
Revenues:
External	$	606,057		$	—		$	98,791		$	181,454	$	17,090		$	169,209	$	—		$	1,072,601
Intersegment	—			—			—			16,594		—			—		(16,594		)	—
Total revenues	606,057			—			98,791			198,048		17,090			169,209		(16,594		)	1,072,601
Expenses:
Costs of products sold, exclusive of depreciation and amortization shown below	473,522			—			235			114,344		—			139,362		(16,594		)	710,869
Operating	64,446			—			63,058			25,320		6,610			7,724		(1		)	167,157
General and administrative	19,687			22			11,169			7,080		5,680			7,588		27,046			78,272
Depreciation and amortization	31,385			—			9,451			23,098		6,367			3,083		1,046			74,430
Loss (gain) on disposal of long-lived assets, net	(530		)	—			(917		)	1,894		—			105		927			1,479
Total expenses	588,510			22			82,996			171,736		18,657			157,862		12,424			1,032,207
Earnings from equity method investments	55,662			5,037			—			—		—			—		—			60,699
Gain on issuance of common units by equity method investee	—			6,033			—			—		—			—		—			6,033
Operating income (loss)	73,209			11,048			15,795			26,312		(1,567		)	11,347		(29,018		)	107,126
Other expenses (income), net	39,759			(18,527		)	8,034			9,624		1,705			268		(7,138		)	33,725
Income (loss) from continuing operations before income taxes	$	33,450		$	29,575		$	7,761		$	16,688	$	(3,272	)	$	11,079	$	(21,880	)	$	73,401



	Nine Months Ended September 30, 2014
	Crude		SemStream			SemCAMS			SemGas			SemLogistics			SemMexico			Corporate and Other			Consolidated
									(dollars in thousands)
Revenues:
External	$	961,526	$	—		$	133,037		$	260,951		$	10,070		$	209,758		$	—		$	1,575,342
Intersegment	—		—			—			29,410			—			—			(29,410		)	—
Total revenues	961,526		—			133,037			290,361			10,070			209,758			(29,410		)	1,575,342
Expenses:
Costs of products sold, exclusive of depreciation and amortization shown below	843,928		—			235			215,535			615			180,800			(29,410		)	1,211,703
Operating	54,885		—			86,039			24,421			6,168			8,066			—			179,579
General and administrative	15,076		91			11,390			6,524			4,546			8,791			17,464			63,882
Depreciation and amortization	27,153		—			11,021			19,312			7,593			4,538			1,282			70,899
Loss (gain) on disposal of long-lived assets, net	230		—			(950		)	20,092			(2,495		)	(35		)	3,791			20,633
Total expenses	941,272		91			107,735			285,884			16,427			202,160			(6,873		)	1,546,696
Earnings from equity method investments	44,295		4,077			—			—			—			—			—			48,372
Gain on issuance of common units by equity method investee	—		26,899			—			—			—			—			—			26,899
Operating income (loss)	64,549		30,885			25,302			4,477			(6,357		)	7,598			(22,537		)	103,917
Other expenses (income), net	20,367		(30,582		)	11,825			6,032			1,303			(70		)	21,743			30,618
Income (loss) from continuing operations before income taxes	$	44,182	$	61,467		$	13,477		$	(1,555	)	$	(7,660	)	$	7,668		$	(44,280	)	$	73,299