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QUARTERLY FINANCIAL DATA (UNAUDITED)
 12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
QUARTERLY FINANCIAL DATA (UNAUDITED)
QUARTERLY FINANCIAL DATA (UNAUDITED)
 
Summarized quarterly financial data for the periods indicated is set forth below (in thousands, except per unit amounts).  Quarterly results were influenced by seasonal and other factors inherent in our business.
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
Total
2018
 

 
 

 
 

 
 

 
 

Revenue
$
1,183,105

 
$
940,839

 
$
909,548

 
$
1,074,783

 
$
4,108,275

Operating (loss) income (1)
 
169,513

 
145,697

 
(391,831
)
 
493,652

 
417,031

Net (loss) income
117,092

 
93,317

 
(745,336
)
 
483,012

 
(51,915
)
Net (loss) income attributable to Buckeye Partners, L.P.
112,373

 
91,904

 
(745,835
)
 
482,520

 
(59,038
)
 
 
 
 
 
 
 
 
 
 
Earnings (loss) per unit - basic
$
0.75

 
$
0.59

 
$
(4.86
)
 
$
3.14

 
$
(0.41
)
Earnings (loss) per unit - diluted
$
0.74

 
$
0.59

 
$
(4.86
)
 
$
3.13

 
$
(0.41
)
 
 
 
 
 
 
 
 
 
 
2017
 

 
 

 
 

 
 

 
 

Revenue
$
969,273

 
$
810,201

 
$
922,619

 
$
946,052

 
$
3,648,145

Operating income
172,576

 
170,754

 
168,329

 
173,705

 
685,364

Net income
126,309

 
116,379

 
120,224

 
130,753

 
493,665

Net income attributable to Buckeye Partners, L.P.
123,576

 
112,722

 
116,187

 
126,317

 
478,802

 
 
 
 
 
 
 
 
 
 
Earnings per unit - basic
$
0.88

 
$
0.80

 
$
0.82

 
$
0.85

 
$
3.33

Earnings per unit - diluted
$
0.88

 
$
0.80

 
$
0.81

 
$
0.85

 
$
3.32

____________________________
(1)
Fourth quarter of 2018 includes the gain on sale of the DPTS asset package. See Note 4 - Acquisitions, Investments and Disposition for further discussion.