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Condensed Statements of Combined Consolidated Operations (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
REVENUES        
Affiliate $ 54,102 $ 32,458 $ 101,994 $ 58,811
Third-party 5,773 4,427 9,503 6,337
Total Revenues 59,875 36,885 111,497 65,148
COSTS AND EXPENSES        
Operating and maintenance expenses 24,235 16,566 43,724 32,142
Imbalance settlement gains (2,576) (2,557) (5,000) (5,047)
Depreciation and amortization expenses 6,338 2,879 10,419 5,690
General and administrative expenses 6,604 3,732 12,657 7,307
Loss on asset disposals 0 0 164 236
Total Costs and Expenses 34,601 20,620 61,964 40,328
OPERATING INCOME 25,274 16,265 49,533 24,820
Interest and financing costs, net (6,571) (1,039) (12,175) (1,550)
Interest income 470 0 493 0
NET INCOME 19,173 15,226 37,851 23,270
Loss (income) attributable to Predecessors 0 (2,141) 0 1,371
Net income attributable to partners 19,173 13,085 37,851 24,641
General partner's interest in net income, including incentive distribution rights (1,978) (364) (3,514) (594)
Limited partners' interest in net income $ 17,195 $ 12,721 $ 34,337 $ 24,047
Net income per limited partner unit:        
Common - basic and diluted (dollars per unit) $ 0.38 [1] $ 0.41 [1] $ 0.77 [1] $ 0.79 [1]
Subordinated - basic and diluted (dollars per unit) $ 0.36 [1] $ 0.41 [1] $ 0.73 [1] $ 0.78 [1]
Weighted average limited partner units outstanding:        
Common units - basic (units) 30,752,989 15,464,686 29,812,337 15,359,788
Common units - diluted (units) 30,863,138 15,489,008 29,903,780 15,393,016
Subordinated units - basic and diluted (units) 15,254,890 15,254,890 15,254,890 15,254,890
Cash distributions per unit (dollars per unit) $ 0.51 $ 0.4100 $ 1.00 $ 0.7875
[1] We base our calculation of net income per unit, including the allocation of distributions greater than earnings, on the weighted-average number of common and subordinated limited partner units outstanding during the period. Therefore, as a result of the January Offering and common units issued to Tesoro in the Carson Terminal Assets Acquisition, net income per common and subordinated limited partner units will not agree.