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Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
QUARTERLY FINANCIAL DATA (UNAUDITED)
17.
QUARTERLY FINANCIAL DATA (UNAUDITED)
The following tables summarize quarterly financial data for the years ended December 31, 2015 and 2014 (in thousands, except per unit amounts) as retrospectively adjusted for the acquisitions of the Corpus Christi Terminal Services Business and the McKee Terminal Services Business.
 
 
2015 Quarter Ended (a)
 
 
March 31
 
June 30
 
September 30
 
December 31
Operating revenues – related party
 
$
41,886

 
$
60,245

 
$
62,037

 
$
79,456

Operating income
 
4,439

 
24,838

 
21,703

 
43,882

Net income
 
4,075

 
23,504

 
20,264

 
40,878

Net income attributable to partners
 
22,121

 
33,662

 
31,428

 
44,667

Limited partners’ interest in net income
 
21,269

 
32,305

 
29,816

 
42,419

Net income per limited partner unit –
 
 
 
 
 
 
 
 
basic and diluted:
 
 
 
 
 
 
 
 
Common units
 
0.37

 
0.54

 
0.51

 
0.69

Subordinated units
 
0.36

 
0.54

 
0.49

 
0.66

 
 
 
2014 Quarter Ended (b)
 
 
 
March 31
 
June 30
 
September 30
 
December 31
Operating revenues – related party
 
$
29,489

 
$
31,843

 
$
33,666

 
$
34,182

Operating loss
 
(4,731
)
 
(3,010
)
 
(3,683
)
 
(5,908
)
Net loss
 
(4,450
)
 
(2,888
)
 
(3,870
)
 
(6,040
)
Net income attributable to partners
 
10,482

 
12,200

 
17,543

 
19,056

Limited partners’ interest in net income
 
10,272

 
11,956

 
17,192

 
18,482

Net income per limited partner unit –
 
 
 
 
 
 
 
 
basic and diluted:
 
 
 
 
 
 
 
 
Common units
 
0.18

 
0.21

 
0.30

 
0.32

Subordinated units
 
0.18

 
0.21

 
0.30

 
0.32

 
 
 
 
 
 
 
 
 
 
(a) Financial information has been retrospectively adjusted for the acquisition of the McKee Terminal Services Business.
(b) Financial information has been retrospectively adjusted for the acquisitions of the Corpus Christi Terminal Services Business and the McKee Terminal Services Business.
The following table presents our previously reported quarterly financial data retrospectively adjusted for the acquisitions of the Corpus Christi Terminal Services Business and the McKee Terminal Services Business (in thousands):
 
 
Valero
Energy
Partners LP
(Previously
Reported)
 
Corpus
Christi
Terminal
Services
Business
 
McKee
Terminal Services
Business
 
Valero
Energy
Partners LP
(Currently
Reported)
Quarter ended March 31, 2015:
 
 
 
 
 
 
 
 
Operating income (loss)
 
$
12,969

 
$
(5,669
)
 
$
(2,861
)
 
$
4,439

Net income (loss)
 
12,605

 
(5,669
)
 
(2,861
)
 
4,075

Quarter ended June 30, 2015:
 
 
 
 
 
 
 
 
Operating income (loss)
 
34,996

 
(7,284
)
 
(2,874
)
 
24,838

Net income (loss)
 
33,662

 
(7,284
)
 
(2,874
)
 
23,504

Quarter ended September 30, 2015:
 
 
 
 
 
 
 
 
Operating income (loss)
 
32,867

 
(7,568
)
 
(3,596
)
 
21,703

Net income (loss)
 
31,428

 
(7,568
)
 
(3,596
)
 
20,264

Quarter ended December 31, 2015:
 
 
 
 
 
 
 
 
Operating income (loss)
 
47,671

 
—

 
(3,789
)
 
43,882

Net income (loss)
 
44,667

 
—

 
(3,789
)
 
40,878

Quarter ended March 31, 2014:
 
 
 
 
 
 
 
 
Operating income (loss)
 
4,239

 
(4,956
)
 
(4,014
)
 
(4,731
)
Net income (loss)
 
4,520

 
(4,956
)
 
(4,014
)
 
(4,450
)
Quarter ended June 30, 2014:
 
 
 
 
 
 
 
 
Operating income (loss)
 
6,035

 
(5,114
)
 
(3,931
)
 
(3,010
)
Net income (loss)
 
6,157

 
(5,114
)
 
(3,931
)
 
(2,888
)
Quarter ended September 30, 2014:
 
 
 
 
 
 
 
 
Operating income (loss)
 
5,845

 
(5,313
)
 
(4,215
)
 
(3,683
)
Net income (loss)
 
5,658

 
(5,313
)
 
(4,215
)
 
(3,870
)
Quarter ended December 31, 2014:
 
 
 
 
 
 
 
 
Operating income (loss)
 
3,004

 
(5,779
)
 
(3,133
)
 
(5,908
)
Net income (loss)
 
2,872

 
(5,779
)
 
(3,133
)
 
(6,040
)