22. Quarterly Financial Information (Unaudited)

The quarterly condensed financial data for the years ended December 31, 2014 and 2013 is presented below. Due to the Wholesale Acquisition, we have adjusted retrospectively the quarterly information contained herein to include the historical results of the WRW assets acquired prior to the effective date of the Wholesale Acquisition.



	Year Ended December 31, 2014
	Quarter
	First		Second		Third		Fourth
	(Unaudited) (In thousands, except per unit data)
Total revenues	$	864,610	$	970,337	$	915,719	$	751,222
Total operating costs and expenses	846,327		952,864		899,001		729,194
Operating income	18,283		17,473		16,718		22,028
Net income	17,845		17,060		16,250		20,638

Net income attributable to partners	$	10,933	$	10,975	$	12,265	$	18,819

Net income per limited partner unit:
Common - basic	$	0.24	$	0.24	$	0.27	$	0.40
Common - diluted	0.24		0.24		0.27		0.40
Subordinated - basic and diluted	0.24		0.24		0.27		0.40

Weighted average limited partner units outstanding:
Common - basic	22,811		22,811		22,811		23,795
Common - diluted	22,815		22,861		22,883		23,861
Subordinated - basic and diluted	22,811		22,811		22,811		22,811



	Year Ended December 31, 2013
	Quarter
	First			Second			Third			Fourth (1)
	(Unaudited) (In thousands, except per unit data)
Total revenues	$	821,535		$	877,699		$	874,336		$	833,558
Total operating costs and expenses	835,372			894,688			895,550			823,045
Operating income (loss)	(13,837		)	(16,989		)	(21,214		)	10,513
Net income (loss)	(13,814		)	(16,956		)	(21,180		)	10,156

Net income attributable to partners										$	8,528

Net income per limited partner unit:
Common - basic										$	0.19
Common - diluted										0.19
Subordinated - basic and diluted										0.19

Weighted average limited partner units outstanding:
Common - basic										22,811
Common - diluted										22,813
Subordinated - basic and diluted										22,811

(1)

The information presented includes the results of operations of our Predecessor for periods presented through October 15, 2013 and of the Partnership for the period beginning October 16, 2013, the date the Partnership commenced operations. Prior to the completion of the Offering, our Predecessor did not record all revenues for intercompany gathering, pipeline transportation, terminalling and storage services.

The following tables reconciles the retrospectively adjusted quarterly information to the financial data filed with the SEC.



	Year Ended December 31, 2014
	Quarter
	First		Second		Third
	(Unaudited) (In thousands, except per unit data)
Total revenues (1)	$	32,757	$	34,981	$	35,600
Total revenues (2)	831,853		935,356		880,119
Total revenues	$	864,610	$	970,337	$	915,719

Total operating costs and expenses (1)	$	21,354	$	23,564	$	22,839
Total operating costs and expenses (2)	824,973		929,300		876,162
Total operating costs and expenses	$	846,327	$	952,864	$	899,001

Operating income (1)	$	11,403	$	11,417	$	12,761
Operating income (2)	6,880		6,056		3,957
Operating income	$	18,283	$	17,473	$	16,718

Net income (1)	$	10,933	$	10,975	$	12,265
Net income (2)	6,912		6,085		3,985
Net income	$	17,845	$	17,060	$	16,250



	Year Ended December 31, 2013
	Quarter
	First			Second			Third			Fourth
	(Unaudited) (In thousands, except per unit data)
Total revenues (1)	$	1,139		$	1,299		$	1,670		$	26,721
Total revenues (2)	820,396			876,400			872,666			806,837
Total revenues	$	821,535		$	877,699		$	874,336		$	833,558

Total operating costs and expenses (1)	$	19,538		$	22,540		$	27,081		$	20,783
Total operating costs and expenses (2)	815,834			872,148			868,469			802,262
Total operating costs and expenses	$	835,372		$	894,688		$	895,550		$	823,045

Operating income (loss) (1)	$	(18,399	)	$	(21,241	)	$	(25,411	)	$	5,938
Operating income (2)	4,562			4,252			4,197			4,575
Operating income (loss)	$	(13,837	)	$	(16,989	)	$	(21,214	)	$	10,513

Net income (loss) (1)	$	(18,397	)	$	(21,237	)	$	(25,406	)	$	5,549
Net income (2)	4,583			4,281			4,226			4,607
Net income (loss)	$	(13,814	)	$	(16,956	)	$	(21,180	)	$	10,156

(1) This financial data was filed with the SEC in our Quarterly Report on Form 10-Q or Annual Report on Form 10-K.

(2) This financial data is the historical results of the WRW assets acquired prior to the effective date of the Wholesale Acquisition.