17. QUARTERLY FINANCIAL DATA (Unaudited)

The following tables set forth certain unaudited financial data for each of the quarters within the years ended December 31, 2017 and 2016 (in thousands, except per unit amounts). This information has been derived from the partnership’s consolidated financial statements and in management’s opinion, reflects all adjustments necessary for a fair presentation of the information for the quarters presented. The operating results for any quarter are not necessarily indicative of results for any future period.


	Three Months Ended
	December 31, 2017		September 30, 2017		June 30, 2017		March 31, 2017
Revenues	$	28,250	$	26,449	$	25,065	$	27,229
Operating expenses		10,635		10,548		10,655		10,997
Operating income		17,615		15,901		14,410		16,232
Other expense		(1,291)		(1,392)		(1,280)		(1,208)
Income tax (expense) benefit		26		(43)		(45)		(47)
Equity investment loss		(11)		-		-		-
Net income attributable to the partnership	$	16,339	$	14,466	$	13,085	$	14,977
Earnings per limited partner unit (basic and diluted):
Common units	$	0.50	$	0.45	$	0.40	$	0.46
Subordinated units	$	0.50	$	0.45	$	0.40	$	0.46
Distribution declared	$	0.4700	$	0.4600	$	0.4500	$	0.4400

	Three Months Ended
	December 31, 2016		September 30, 2016		June 30, 2016		March 31, 2016
Revenues	$	28,285	$	26,205	$	25,493	$	23,789
Operating expenses		10,693		11,474		11,043		11,071
Operating income		17,592		14,731		14,450		12,718
Other expense		(1,230)		(480)		(389)		(363)
Income tax (expense) benefit		80		(52)		(79)		(173)
Equity investment loss		-		-		-		-
Net income attributable to the partnership	$	16,442	$	14,199	$	13,982	$	12,182
Earnings per limited partner unit (basic and diluted):
Common units	$	0.50	$	0.44	$	0.43	$	0.38
Subordinated units	$	0.50	$	0.44	$	0.43	$	0.38
Distribution declared	$	0.4300	$	0.4200	$	0.4100	$	0.4050