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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenue:        
Total revenue from contracts with customers $ 658,747 $ 768,823 $ 2,142,813 $ 2,532,281
Total revenue 811,415 909,548 2,632,089 3,033,492
Costs and expenses:        
Cost of product sales 410,018 514,811 1,481,522 1,852,537
Operating expenses 156,936 159,562 466,388 470,935
Depreciation and amortization 66,896 68,464 196,639 199,171
General and administrative 18,691 21,578 58,647 66,659
Goodwill impairment 0 536,964 0 536,964
Other, net 49 0 (1,745) (16,153)
Total costs and expenses 652,590 1,301,379 2,201,451 3,110,113
Operating income (loss) 158,825 (391,831) 430,638 (76,621)
Other (expense) income:        
Earnings (loss) from equity investments 4,711 (292,387) 10,927 (276,633)
Interest and debt expense (50,107) (60,332) (151,849) (179,003)
Other expense, net (120) (152) (4,037) (764)
Total other expense, net (45,516) (352,871) (144,959) (456,400)
Income (loss) before taxes 113,309 (744,702) 285,679 (533,021)
Income tax expense (464) (634) (1,059) (1,906)
Net income (loss) 112,845 (745,336) 284,620 (534,927)
Less: Net income attributable to noncontrolling interests (495) (499) (1,489) (6,631)
Net income (loss) attributable to Buckeye Partners, L.P. $ 112,350 $ (745,835) $ 283,131 $ (541,558)
Earnings (loss) per unit attributable to Buckeye Partners, L.P.:        
Basic (in dollars per share) $ 0.73 $ (4.86) $ 1.83 $ (3.57)
Diluted (in dollars per share) $ 0.73 $ (4.86) $ 1.82 $ (3.57)
Weighted average units outstanding:        
Basic (in shares) 153,922 153,512 153,896 151,908
Diluted (in shares) 154,741 153,512 154,671 151,908
Product sales        
Revenue:        
Total revenue from contracts with customers $ 419,326 $ 525,426 $ 1,502,895 $ 1,874,463
Transportation, storage and other services        
Revenue:        
Total revenue from contracts with customers $ 392,089 $ 384,122 $ 1,129,194 $ 1,159,029