22. Quarterly Financial Information (Unaudited)

The quarterly condensed financial data for the years ended December 31, 2016 and 2015 is presented below. Due to the St. Paul Park Logistics Transaction, we have adjusted retrospectively the quarterly information contained herein to include the historical results of the St. Paul Park Logistics Assets acquired prior to the effective date of the St. Paul Park Logistics Transaction. We did not record revenue related to the operations of the St. Paul Park Logistics Assets prior to the St. Paul Park Logistics Transaction on September 15, 2016.



	Year Ended December 31, 2016
	Quarter
	First		Second		Third		Fourth
	(Unaudited) (In thousands, except per unit data)
Total revenues	$	468,039	$	578,602	$	569,261	$	606,816
Total operating costs and expenses	454,851		562,005		555,990		579,777
Operating income	13,188		16,597		13,271		27,039
Net income	5,757		9,980		6,858		20,752

Net income attributable to limited partners	$	14,007	$	17,874	$	14,023	$	20,752

Net income per limited partner unit:
Common - basic	$	0.28	$	0.33	$	0.23	$	0.31
Common - diluted	0.28		0.33		0.23		0.31
Subordinated - basic and diluted	0.28		0.36		0.25		0.31

Weighted average limited partner units outstanding:
Common - basic	24,448		26,409		30,884		38,074
Common - diluted	24,454		26,427		30,901		38,095
Subordinated - basic and diluted	22,811		22,811		22,811		22,811



	Year Ended December 31, 2015
	Quarter
	First		Second		Third		Fourth
	(Unaudited) (In thousands, except per unit data)
Total revenues	$	607,396	$	735,904	$	680,670	$	575,897
Total operating costs and expenses	597,864		722,406		662,246		561,557
Operating income	9,532		13,498		18,424		14,340
Net income	5,382		7,120		12,233		7,971

Net income attributable to limited partners	$	15,323	$	15,915	$	16,493	$	14,842

Net income per limited partner unit:
Common - basic	$	0.33	$	0.34	$	0.35	$	0.30
Common - diluted	0.33		0.34		0.35		0.30
Subordinated - basic and diluted	0.33		0.34		0.35		0.29

Weighted average limited partner units outstanding:
Common - basic	23,985		24,017		24,017		24,314
Common - diluted	23,996		24,051		24,024		24,321
Subordinated - basic and diluted	22,811		22,811		22,811		22,811

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



	Year Ended December 31, 2016
	Quarter
	First			Second
	(Unaudited) (In thousands)
Total revenues (1)	$	468,039		$	578,602
Total revenues (2)	—			—
Total revenues	$	468,039		$	578,602

Total operating costs and expenses (1)	$	446,601		$	554,111
Total operating costs and expenses (2)	8,250			7,894
Total operating costs and expenses	$	454,851		$	562,005

Operating income (1)	$	21,438		$	24,491
Operating loss (2)	(8,250		)	(7,894		)
Operating income	$	13,188		$	16,597

Net income (1)	$	14,007		$	17,874
Net loss (2)	(8,250		)	(7,894		)
Net income	$	5,757		$	9,980



	Year Ended December 31, 2015
	Quarter
	First			Second			Third		Fourth
	(Unaudited) (In thousands)
Total revenues (1)	$	607,396		$	735,904		$	680,670	$	575,897
Total revenues (2)	—			—			—		—
Total revenues	$	607,396		$	735,904		$	680,670	$	575,897

Total operating costs and expenses (1)	$	589,835		$	714,873		$	662,246	$	554,141
Total operating costs and expenses (2)	8,029			7,533			—		7,416
Total operating costs and expenses	$	597,864		$	722,406		$	662,246	$	561,557

Operating income (1)	$	17,561		$	21,031		$	18,424	$	21,756
Operating loss (2)	(8,029		)	(7,533		)	—		(7,416		)
Operating income	$	9,532		$	13,498		$	18,424	$	14,340

Net income (1)	$	13,411		$	14,653		$	12,233	$	15,387
Net loss (2)	(8,029		)	(7,533		)	—		(7,416		)
Net income	$	5,382		$	7,120		$	12,233	$	7,971

(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 St. Paul Park Logistics Assets. See Note 1, Organization and Basis of Presentation, for further discussion of our retrospective adjustments for the St. Paul Park Logistics Transaction.