EQUITY INVESTMENTS (Tables)

9 Months Ended

Sep. 30, 2019

Equity Method Investments and Joint Ventures [Abstract]

Earnings (losses) from equity investments

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



		Three Months Ended September 30,						Nine Months Ended September 30,
	Segment	2019			2018			2019			2018
VTTI B.V. ⁽¹⁾	Global Marine Terminals	$	—		$	4,375		$	—		$	13,647
Non-cash loss on write-down of investment in VTTI B.V. ⁽²⁾	Global Marine Terminals	—			(300,280		)	—			(300,280		)
West Shore Pipe Line Company	Domestic Pipelines & Terminals	3,457			2,750			8,542			7,542
Muskegon Pipeline LLC	Domestic Pipelines & Terminals	766			353			1,227			1,109
Transport4, LLC	Domestic Pipelines & Terminals	315			164			804			614
South Portland Terminal LLC	Domestic Pipelines & Terminals	454			502			1,218			1,162
South Texas Gateway Terminal LLC ⁽³⁾	Global Marine Terminals	(281		)	(251		)	(864		)	(427		)
Total earnings (loss) from equity investments		$	4,711		$	(292,387	)	$	10,927		$	(276,633	)


(1)	In January 2019, we completed the sale of our 50% equity interest in VTTI. See Note 3 - Acquisitions, Investments and Dispositions for further discussion.


(2)	In September 2018, we recorded our equity investment in VTTI at its estimated fair value, resulting in a non-cash loss.

(3)

In April 2018, we formed the STG Terminal joint venture. See Note 3 - Acquisitions, Investments and Disposition for further discussion.

Summary of combined income statement data for equity method investments

Summarized combined income statement data for our equity method investments is 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,
	2019		2018		2019		2018
INCOME STATEMENT DATA:
Revenue	$	28,549	$	145,137	$	76,305	$	435,827
Operating income	16,177		42,637		42,650		132,446
Net income	12,374		24,262		32,817		75,394
Net income attributable to investee	12,374		22,748		32,817		70,877