EQUITY INVESTMENTS

9 Months Ended

Sep. 30, 2017

Equity Method Investments and Joint Ventures [Abstract]

6. EQUITY INVESTMENTS

The following table presents earnings from equity investments for the periods indicated (in thousands):



		Three Months Ended September 30,				Nine Months Ended September 30,
	Segment	2017		2016		2017		2016
VTTI B.V. ⁽¹⁾	Global Marine Terminals	$	6,396	$	—	$	15,111	$	—
West Shore Pipe Line Company	Domestic Pipelines & Terminals	1,772		1,784		4,913		5,680
Muskegon Pipeline LLC	Domestic Pipelines & Terminals	501		544		1,303		1,340
Transport4, LLC	Domestic Pipelines & Terminals	206		204		650		577
South Portland Terminal LLC	Domestic Pipelines & Terminals	357		369		733		862
Total earnings from equity investments		$	9,232	$	2,901	$	22,710	$	8,459

(1) We acquired an indirect 50% equity interest in VTTI in January 2017. For additional information, see Note 2.

Summarized combined income statement data for our equity method investments are as follows for the periods indicated (amounts represent 100% of investee income statement data in thousands):



	Three Months Ended September 30,				Nine Months Ended September 30,
	2017		2016		2017		2016
Revenue	$	143,946	$	22,831	$	403,985	$	65,877
Operating income	52,766		12,805		138,195		35,411
Net income	30,874		8,663		84,807		23,986
Net income attributable to investee	23,565		8,663		63,347		23,986