BUSINESS SEGMENTS (Tables)

3 Months Ended

Mar. 31, 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   March 31,
	2016			2015
Revenue:
Domestic Pipelines & Terminals	$	237,953		$	243,571
Global Marine Terminals	170,064			120,984
Merchant Services	389,737			740,160
Intersegment	(17,160		)	(16,615		)
Total revenue	$	780,594		$	1,088,100

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   March 31,
	2016		2015
Revenue:
United States	$	696,889	$	1,005,061
International	83,705		83,039
Total revenue	$	780,594	$	1,088,100

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   March 31,
	2016			2015
Adjusted EBITDA from continuing operations:
Domestic Pipelines & Terminals	$	128,481		$	130,050
Global Marine Terminals	106,623			74,418
Merchant Services	9,522			8,442
Adjusted EBITDA from continuing operations	$	244,626		$	212,910
Reconciliation of Income from continuing operations to Adjusted EBITDA from continuing operations:
Income from continuing operations	$	134,977		$	112,021
Less: Net (income) loss attributable to noncontrolling interests	(3,864		)	447
Income from continuing operations attributable to Buckeye Partners, L.P.	131,113			112,468
Add: Interest and debt expense	47,783			41,709
Income tax expense	615			239
Depreciation and amortization (1)	61,426			53,776
Non-cash unit-based compensation expense	6,335			5,086
Acquisition and transition expense (2)	122			2,400
Less: Amortization of unfavorable storage contracts (3)	(2,768		)	(2,768		)
Adjusted EBITDA from continuing operations	$	244,626		$	212,910

(1) Includes 100% of the depreciation and amortization expense of $16.8 million and $11.7 million for Buckeye Texas for the three months ended March 31, 2016 and 2015, respectively.

(2) Acquisition and transition expense consists of transaction costs, costs for transitional employees, and other employee and third-party costs related to the integration of the acquired assets that are non-recurring in nature.

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