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. 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 expenses incurred at the corporate level were allocated to the segments based on our allocation policies in effect at the time.

Our results by segment are presented in the tables below (in thousands):



	Three Months Ended June 30,				Six Months Ended June 30,
	2017		2016		2017		2016
Revenues:
Crude Transportation
External	$	14,019	$	15,643	$	27,998	$	32,839
Intersegment	6,901		5,128		13,455		12,341
Crude Facilities
External	9,825		10,300		19,460		20,433
Intersegment	2,490		2,526		4,996		5,272
Crude Supply and Logistics
External	291,319		143,201		588,790		319,823
SemGas
External	55,758		48,200		113,510		91,720
Intersegment	2,630		2,521		6,541		5,267



SemCAMS
External	60,114			33,815			96,912			64,681
SemLogistics
External	6,968			5,932			14,496			12,312
SemMexico
External	35,086			30,286			68,023			60,420
Corporate and Other
External	—			—			—			—
Intersegment	(12,021		)	(10,175		)	(24,992		)	(22,880		)
Total Revenues	$	473,089		$	287,377		$	929,189		$	602,228

	Three Months Ended June 30,						Six Months Ended June 30,
	2017			2016			2017			2016
Earnings from equity method investments:
Crude Transportation	$	17,747		$	17,078		$	34,835		$	37,917
Corporate and Other⁽¹⁾	6			—			9			2,191
Total earnings from equity method investments	$	17,753		$	17,078		$	34,844		$	40,108
(1) Includes historical earnings from equity method investments including gain (loss) on issuance of common units by equity method investee related to our investment in NGL Energy.

	Three Months Ended June 30,						Six Months Ended June 30,
	2017			2016			2017			2016
Depreciation and amortization:
Crude Transportation	$	6,498		$	6,174		$	12,425		$	12,034
Crude Facilities	2,022			1,921			3,966			3,803
Crude Supply and Logistics	78			40			140			80
SemGas	9,099			9,198			18,026			18,125
SemCAMS	4,434			4,294			8,930			8,245
SemLogistics	1,901			1,983			3,716			3,943
SemMexico	1,022			949			1,959			1,890
Corporate and Other	548			496			1,039			986
Total depreciation and amortization	$	25,602		$	25,055		$	50,201		$	49,106


	Three Months Ended June 30,						Six Months Ended June 30,
	2017			2016			2017			2016
Income tax expense (benefit):
SemCAMS	$	2,267		$	451		$	3,691		$	1,416
SemLogistics	372			(273		)	753			(214		)
SemMexico	525			194			742			801
Corporate and Other⁽¹⁾	461			4,286			(1,466		)	(18,752		)
Total income tax expense (benefit)	$	3,625		$	4,658		$	3,720		$	(16,749	)
(1) Corporate and Other includes the impact of intra-period tax allocation.



	Three Months Ended June 30,						Six Months Ended June 30,
	2017			2016			2017			2016
Segment profit (loss)⁽¹⁾:
Crude Transportation⁽²⁾	$	18,548		$	18,161		$	35,410		$	43,579
Crude Facilities	8,877			9,371			17,839			18,958
Crude Supply and Logistics	(3,464		)	10,069			(7,079		)	19,162
SemGas	16,654			12,304			32,403			11,312
SemCAMS	15,452			9,000			27,048			18,904
SemLogistics	2,960			2,002			6,704			4,661
SemMexico	1,708			2,024			3,387			4,342
Corporate and Other	(10,792		)	(8,008		)	(17,686		)	(14,168		)
Total segment profit	$	49,943		$	54,923		$	98,026		$	106,750
(1) Segment profit (loss) represents revenues excluding unrealized gains (losses) related to derivative instruments plus earnings from equity method investments less cost of sales excluding depreciation and amortization and less operating and general and administrative expenses, including gains or losses on disposals or impairments.
(2) The six months ended June 30, 2017, includes a $4.5 million out of period loss on the disposal of right-of-way related to immaterial prior period errors.

	Three Months Ended June 30,						Six Months Ended June 30,
	2017			2016			2017			2016
Reconciliation of segment profit to net income (loss):
Total segment profit	$	49,943		$	54,923		$	98,026		$	106,750
Less:
Net unrealized loss (gain) related to derivative instruments	(928		)	4,477			(901		)	(71		)
Depreciation and amortization	25,602			25,055			50,201			49,106
Loss on debt extinguishment	8			—			19,930			—
Interest expense	13,477			18,011			27,344			35,588
Foreign currency transaction loss (gain)	(1,011		)	1,543			(1,011		)	3,012
Loss (gain) on sale or impairment of equity method investment	—			(9,120		)	—			30,644
Other income, net	(441		)	(490		)	(591		)	(678		)
Income tax expense (benefit)	3,625			4,658			3,720			(16,749		)
Loss from discontinued operations, net of income taxes	—			2			—			4
Net income (loss)	$	9,611		$	10,787		$	(666	)	$	5,894

							June 30, 2017			December 31, 2016
Total assets (excluding intersegment receivables):
Crude Transportation							$	1,161,673		$	1,042,327
Crude Facilities							149,653			156,907
Crude Supply and Logistics							394,124			484,475
SemGas							703,094			683,952
SemCAMS							423,262			379,785
SemLogistics							145,317			135,387



SemMexico	85,102		75,440
Corporate and Other	103,993		116,699
Total	$	3,166,218	$	3,074,972


	June 30, 2017		December 31, 2016
Equity investments:
Crude Transportation	$	411,572	$	415,356
Corporate and Other	18,942		18,933
Total equity investments	$	430,514	$	434,289