BUSINESS SEGMENTS (Tables)

9 Months Ended

Sep. 30, 2016

Segment Reporting [Abstract]

Summary of revenue by each segment

The following table summarizes revenue by each segment for the periods indicated (in thousands):

	Three Months Ended   September 30,						Nine Months Ended   September 30,
	2016			2015			2016			2015
Revenue:
Domestic Pipelines & Terminals	$	265,036		$	236,080		$	752,968		$	704,305
Global Marine Terminals	170,072			127,161			509,653			372,735
Merchant Services	344,041			386,105			1,103,186			1,586,421
Intersegment	(12,544		)	(20,962		)	(41,486		)	(50,194		)
Total revenue	$	766,605		$	728,384		$	2,324,321		$	2,613,267

Summary of revenue for continuing operations by major geographic area

The following table summarizes revenue for our continuing operations, by major geographic area, for the periods indicated (in thousands):

	Three Months Ended   September 30,				Nine Months Ended   September 30,
	2016		2015		2016		2015
Revenue:
United States	$	683,850	$	644,445	$	2,072,893	$	2,358,622
International	82,755		83,939		251,428		254,645
Total revenue	$	766,605	$	728,384	$	2,324,321	$	2,613,267

Adjusted EBITDA from continuing operations by segment and reconciliation of income from continuing operations to Adjusted EBITDA

The following tables present Adjusted EBITDA from continuing operations by segment and on a consolidated basis and a reconciliation of income from continuing operations to Adjusted EBITDA for the periods indicated (in thousands):

	Three Months Ended   September 30,						Nine Months Ended   September 30,
	2016			2015			2016			2015
Adjusted EBITDA from continuing operations:
Domestic Pipelines & Terminals	$	152,785		$	120,979		$	423,245		$	376,042
Global Marine Terminals	110,705			80,593			325,710			233,716
Merchant Services	8,159			2,592			23,909			13,797
Adjusted EBITDA from continuing operations	$	271,649		$	204,164		$	772,864		$	623,555
Reconciliation of Income from continuing operations to Adjusted EBITDA from continuing operations:
Income from continuing operations	$	160,270		$	99,947		$	439,746		$	303,294
Less: Net (income) loss attributable to noncontrolling interests	(3,896		)	93			(11,803		)	794
Income from continuing operations attributable to Buckeye Partners, L.P.	156,374			100,040			427,943			304,088
Add: Interest and debt expense	48,476			43,413			144,093			127,097
Income tax expense	308			240			896			720
Depreciation and amortization (1)	63,472			54,830			188,220			164,204
Non-cash unit-based compensation expense	8,853			6,597			22,912			17,578
Acquisition and transition expense (2)	309			82			479			2,942
Litigation contingency accrual (3)	—			1,729			—			15,229
Less: Amortization of unfavorable storage contracts (4)	(443		)	(2,767		)	(5,979		)	(8,303		)
Gains on property damage recoveries (5)	(5,700		)	—			(5,700		)	—
Adjusted EBITDA from continuing operations	$	271,649		$	204,164		$	772,864		$	623,555

(1) Includes 100% of the depreciation and amortization expense of $18.5 million and $12.2 million for Buckeye Texas for the three months ended September 30, 2016 and 2015, respectively, and $52.5 million and $34.7 million for the nine months ended September 30, 2016 and 2015, respectively.

(2) Represents transaction costs, costs for transitional employees, and other employee and third-party costs related to the integration of acquired assets.

(3) Represents reductions in revenue related to settlement of a Federal Energy Regulatory Commission proceeding.

(4) Represents amortization of negative fair value allocated to certain unfavorable storage contracts acquired in connection with the BBH acquisition.

(5) Represents recoveries of property damages caused by third parties, primarily related to an allision with a ship dock at our terminal located in Pennsauken, New Jersey.