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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenue:        
Product sales $ 337,092 $ 382,624 $ 1,086,180 $ 1,581,455
Transportation, storage and other services 429,513 345,760 1,238,141 1,031,812
Total revenue 766,605 728,384 2,324,321 2,613,267
Costs and expenses:        
Cost of product sales 326,718 366,319 1,049,315 1,532,392
Operating expenses 149,867 141,790 446,671 425,494
Depreciation and amortization 63,472 54,830 188,220 164,204
General and administrative 20,321 21,885 63,737 64,796
Total costs and expenses 560,378 584,824 1,747,943 2,186,886
Operating income 206,227 143,560 576,378 426,381
Other income (expense):        
Earnings (loss) from equity investments 2,901 (30) 8,459 4,550
Interest and debt expense (48,476) (43,413) (144,093) (127,097)
Other (expense) income (74) 70 (102) 180
Total other expense, net (45,649) (43,373) (135,736) (122,367)
Income from continuing operations before taxes 160,578 100,187 440,642 304,014
Income tax expense (308) (240) (896) (720)
Income from continuing operations 160,270 99,947 439,746 303,294
Loss from discontinued operations 0 0 0 (857)
Net income 160,270 99,947 439,746 302,437
Less: Net (income) loss attributable to noncontrolling interests (3,896) 93 (11,803) 794
Net income attributable to Buckeye Partners, L.P. $ 156,374 $ 100,040 $ 427,943 $ 303,231
Basic earnings (loss) per unit attributable to Buckeye Partners, L.P.:        
Continuing operations (in dollars per share) $ 1.19 $ 0.78 $ 3.28 $ 2.38
Discontinued operations (in dollars per share) 0.00 0.00 0.00 (0.01)
Total (in dollars per share) 1.19 0.78 3.28 2.37
Diluted earnings (loss) per unit attributable to Buckeye Partners, L.P.:        
Continuing operations (in dollars per share) 1.19 0.78 3.26 2.37
Discontinued operations (in dollars per share) 0.00 0.00 0.00 (0.01)
Total (in dollars per share) $ 1.19 $ 0.78 $ 3.26 $ 2.36
Weighted average units outstanding:        
Basic (in shares) 131,113 128,329 130,439 127,722
Diluted (in shares) 131,940 128,906 131,076 128,241