XML 39 R27.htm IDEA: XBRL DOCUMENT v3.8.0.1
Segment Information (Tables)
 3 Months Ended
Mar. 31, 2018
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment Summarized financial information concerning our reportable segments is as follows:
(in thousands)
 
Gathering Systems (1) (2)
 
Fresh Water Delivery (1)
 
Investments and Other (1) (3)
 
Consolidated
Three Months Ended March 31, 2018
 
 
 
 
 
 
 
 
Midstream Services — Affiliate
 
$
43,979

 
$
20,284

 
$
—

 
$
64,263

Midstream Services — Third Party
 
7,458

 
3,902

 
—

 
11,360

Crude Oil Sales — Third Party
 
22,110

 
—

 
—

 
22,110

Total Revenues
 
73,547

 
24,186

 
—

 
97,733

Income (Loss) Before Income Taxes 
 
30,827

 
17,503

 
(9,120
)
 
39,210

 
 
 
 
 
 
 
 
 
Three Months Ended March 31, 2017
 
 
 
 
 
 
 
 
Midstream Services — Affiliate
 
$
29,995

 
$
20,319

 
$
—

 
$
50,314

Midstream Services — Third Party
 
—

 
—

 
—

 
—

Crude Oil Sales — Third Party
 
—

 
—

 
—

 
—

Total Revenues
 
29,995

 
20,319

 
—

 
50,314

Income (Loss) Before Income Taxes
 
23,254

 
13,333

 
(2,067
)
 
34,520

 
 
 
 
 
 
 
 
 
March 31, 2018
 
 
 
 
 
 
 
 
Total Assets
 
$
1,487,620

 
$
68,829

 
$
155,229

 
$
1,711,678

 
 
 
 
 
 
 
 
 
December 31, 2017
 
 
 
 
 
 
 
 
Total Assets
 
$
593,590

 
$
68,178

 
$
167,990

 
$
829,758

(1) 
A substantial portion of the financial statement activity associated with our DevCos is captured within the Gathering Systems and Fresh Water Delivery reportable segments. Although our investment in the Advantage Joint Venture is owned through Trinity River DevCo LLC, all financial statement activity associated with our investment is captured within the Investments and Other reportable segment. As our DevCos represent VIEs, see the above reportable segments for our VIEs impact to the consolidated financial statements.
(2) 
Our goodwill resulted from the Black Diamond Acquisition and represents the excess of the consideration paid over fair value of the net identifiable assets of the acquired business. All of our goodwill is assigned to the Gathering Systems reportable segment.
(3) 
The Investments and Other segment includes our investments in the Advantage Joint Venture and White Cliffs Interest, all general Partnership activity not attributable to our DevCos.