|
|
|
|
|
|
|
June 30, 2016 | December 31, 2015 | ||||||
White Cliffs Pipeline, L.L.C. | $ | 290,668 | $ | 297,109 | |||
Glass Mountain Pipeline, LLC | 137,293 | 141,182 | |||||
Total equity method investments | $ | 427,961 | $ | 438,291 |
Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||
2016 | 2015 | 2016 | 2015 | ||||||||||||
White Cliffs Pipeline, L.L.C. | $ | 16,428 | $ | 15,545 | $ | 36,208 | $ | 34,635 | |||||||
Glass Mountain Pipeline, LLC | 650 | 2,138 | 1,709 | 3,912 | |||||||||||
Total earnings from equity method investments | $ | 17,078 | $ | 17,683 | $ | 37,917 | $ | 38,547 |
Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||
2016 | 2015 | 2016 | 2015 | ||||||||||||
White Cliffs Pipeline, L.L.C. | $ | 21,664 | $ | 20,551 | $ | 45,762 | $ | 44,705 | |||||||
Glass Mountain Pipeline, LLC | 3,118 | 5,009 | 5,933 | 6,920 | |||||||||||
Total cash distributions received from equity method investments | $ | 24,782 | $ | 25,560 | $ | 51,695 | $ | 51,625 |
Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||
2016 | 2015 | 2016 | 2015 | ||||||||||||
Revenues | $ | 55,586 | $ | 48,509 | $ | 113,642 | $ | 103,123 | |||||||
Cost of products sold | $ | 2,803 | $ | 169 | $ | 3,053 | $ | 1,102 | |||||||
Operating, general and administrative expenses | $ | 10,125 | $ | 8,876 | $ | 19,727 | $ | 16,296 | |||||||
Depreciation and amortization expense | $ | 10,084 | $ | 8,587 | $ | 19,047 | $ | 17,125 | |||||||
Net income | $ | 32,575 | $ | 30,870 | $ | 71,822 | $ | 68,593 |
Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||
2016 | 2015 | 2016 | 2015 | ||||||||||||
Revenues | $ | 6,898 | $ | 9,788 | $ | 15,470 | $ | 20,909 | |||||||
Cost of sales | $ | (120 | ) | $ | (40 | ) | $ | 445 | $ | 1,974 | |||||
Operating, general and administrative expenses | $ | 1,618 | $ | 1,513 | $ | 3,463 | $ | 2,920 | |||||||
Depreciation and amortization expense | $ | 3,989 | $ | 3,932 | $ | 7,925 | $ | 7,976 | |||||||
Net income | $ | 1,407 | $ | 4,381 | $ | 3,632 | $ | 8,036 |
|
|
Three months ended June 30, 2016 | |||||||||||||||||||
Transportation | Facilities | Supply and Logistics | Corporate and Other | Consolidated | |||||||||||||||
Revenues: | |||||||||||||||||||
External | $ | 15,644 | $ | 10,299 | $ | 143,201 | $ | — | $ | 169,144 | |||||||||
Intersegment | 5,127 | 2,527 | — | (7,654 | ) | — | |||||||||||||
Total revenues | $ | 20,771 | $ | 12,826 | $ | 143,201 | $ | (7,654 | ) | $ | 169,144 | ||||||||
Depreciation and amortization | $ | 6,171 | $ | 1,921 | $ | 40 | $ | 103 | $ | 8,235 | |||||||||
Earnings from equity method investment | $ | 17,078 | $ | — | $ | — | $ | — | $ | 17,078 | |||||||||
Segment profit (1) | $ | 18,421 | $ | 9,371 | $ | 10,069 | $ | (2,793 | ) | $ | 35,068 |
Three months ended June 30, 2015 | |||||||||||||||||||
Transportation | Facilities | Supply and Logistics | Corporate and Other | Consolidated | |||||||||||||||
Revenues: | |||||||||||||||||||
External | $ | 22,425 | $ | 11,402 | $ | 189,476 | $ | — | $ | 223,303 | |||||||||
Intersegment | 3,562 | — | — | (3,562 | ) | — | |||||||||||||
Total revenues | $ | 25,987 | $ | 11,402 | $ | 189,476 | $ | (3,562 | ) | $ | 223,303 | ||||||||
Depreciation and amortization | $ | 9,038 | $ | 1,406 | $ | 40 | $ | 124 | $ | 10,608 | |||||||||
Earnings from equity method investment | $ | 17,683 | $ | — | $ | — | $ | — | $ | 17,683 | |||||||||
Segment profit (1) | $ | 19,984 | $ | 7,963 | $ | 10,978 | $ | (2,472 | ) | $ | 36,453 |
Six Months Ended June 30, 2016 | |||||||||||||||||||
Transportation | Facilities | Supply and Logistics | Corporate and Other | Consolidated | |||||||||||||||
Revenues: | |||||||||||||||||||
External | $ | 32,839 | $ | 20,433 | $ | 319,823 | $ | — | $ | 373,095 | |||||||||
Intersegment | 12,341 | 5,272 | — | (17,613 | ) | — | |||||||||||||
Total revenues | $ | 45,180 | $ | 25,705 | $ | 319,823 | $ | (17,613 | ) | $ | 373,095 | ||||||||
Depreciation and amortization | $ | 12,030 | $ | 3,805 | $ | 80 | $ | 213 | $ | 16,128 | |||||||||
Earnings from equity method investment | $ | 37,917 | $ | — | $ | — | $ | — | $ | 37,917 | |||||||||
Segment profit (1) | $ | 44,013 | $ | 18,958 | $ | 19,162 | $ | (4,815 | ) | $ | 77,318 | ||||||||
Total assets at June 30, 2016 (excluding intersegment receivables) | $ | 739,904 | $ | 154,359 | $ | 430,297 | $ | 12,868 | $ | 1,337,428 | |||||||||
Equity investments at June 30, 2016 | $ | 427,961 | $ | — | $ | — | $ | — | $ | 427,961 |
Six Months Ended June 30, 2015 | |||||||||||||||||||
Transportation | Facilities | Supply and Logistics | Corporate and Other | Consolidated | |||||||||||||||
Revenues: | |||||||||||||||||||
External | $ | 42,752 | $ | 22,807 | $ | 292,437 | $ | — | $ | 357,996 | |||||||||
Intersegment | 7,283 | — | — | (7,283 | ) | — | |||||||||||||
Total revenues | $ | 50,035 | $ | 22,807 | $ | 292,437 | $ | (7,283 | ) | $ | 357,996 | ||||||||
Depreciation and amortization | $ | 17,656 | $ | 2,775 | $ | 79 | $ | 241 | $ | 20,751 | |||||||||
Earnings from equity method investment | $ | 38,547 | $ | — | $ | — | $ | — | $ | 38,547 | |||||||||
Segment profit (1) | $ | 44,508 | $ | 16,365 | $ | 16,159 | $ | (5,299 | ) | $ | 71,733 | ||||||||
Total assets at December 31, 2015 (excluding intersegment receivables) | $ | 745,612 | $ | 155,186 | $ | 328,419 | $ | 16,373 | $ | 1,245,590 | |||||||||
Equity investments at December 31, 2015 | $ | 438,291 | $ | — | $ | — | $ | — | $ | 438,291 |
Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||
Reconciliation of segment profit to net income: | 2016 | 2015 | 2016 | 2015 | |||||||||||
Total segment profit | $ | 35,068 | $ | 36,453 | $ | 77,318 | $ | 71,733 | |||||||
Less: | |||||||||||||||
Net unrealized loss (gain) related to derivative instruments | 4,477 | (1,415 | ) | (71 | ) | 1,116 | |||||||||
Depreciation and amortization | 8,235 | 10,608 | 16,128 | 20,751 | |||||||||||
Interest expense | 12,434 | 10,197 | 24,871 | 18,203 | |||||||||||
Other income | — | (5 | ) | — | (5 | ) | |||||||||
Net income | $ | 9,922 | $ | 17,068 | $ | 36,390 | $ | 31,668 |
|
June 30, 2016 | December 31, 2015 | ||||||||||||||||||||||
Level 1 | Netting* | Total | Level 1 | Netting* | Total | ||||||||||||||||||
Assets | $ | 1,160 | $ | (1,160 | ) | $ | — | $ | 131 | $ | (131 | ) | $ | — | |||||||||
Liabilities | $ | 1,428 | $ | (1,160 | ) | $ | 268 | $ | 470 | $ | (131 | ) | $ | 339 |
Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||
2016 | 2015 | 2016 | 2015 | ||||||||
Sales | 5,890 | 7,721 | 16,310 | 13,452 | |||||||
Purchases | 5,743 | 7,508 | 16,253 | 13,413 |
June 30, 2016 | December 31, 2015 | ||||||||||||||
Assets | Liabilities | Assets | Liabilities | ||||||||||||
Commodity contracts | $ | — | $ | 268 | $ | — | $ | 339 |
Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||
2016 | 2015 | 2016 | 2015 | ||||||||||||
Commodity contracts | $ | (7,127 | ) | $ | (2,202 | ) | $ | (3,773 | ) | $ | (2,846 | ) |
|
June 30, 2016 | December 31, 2015 | ||||||
5.625% senior unsecured notes due 2022 | $ | 400,000 | $ | 400,000 | |||
Unamortized debt issuance costs on 2022 notes | (6,442 | ) | (6,975 | ) | |||
5.625% senior unsecured notes due 2022, net | 393,558 | 393,025 | |||||
5.625% senior unsecured notes due 2023 | 350,000 | 350,000 | |||||
Unamortized discount on 2023 notes | (5,178 | ) | (5,455 | ) | |||
Unamortized debt issuance costs on 2023 notes | (4,931 | ) | (5,266 | ) | |||
5.625% senior unsecured notes due 2023, net | 339,891 | 339,279 | |||||
Revolving credit facility | 41,000 | — | |||||
Capital leases | 64 | 83 | |||||
Total long-term debt, net | 774,513 | 732,387 | |||||
Less: current portion of long-term debt | 25 | 31 | |||||
Noncurrent portion of long-term debt, net | $ | 774,488 | $ | 732,356 |
|
Volume (Barrels) | Value | |||||
Fixed price purchases | 3,528 | $ | 167,030 | |||
Fixed price sales | 4,563 | $ | 218,212 | |||
Floating price purchases | 12,701 | $ | 601,820 | |||
Floating price sales | 15,613 | $ | 760,170 |
|
Common Units - Public | Common Units - SemGroup | General Partner Interest | Total Partners' Capital | ||||||||||||
Balance at December 31, 2015 | $ | 80,829 | $ | 139,470 | $ | 9,906 | $ | 230,205 | |||||||
Net income | 10,942 | 14,043 | 11,405 | 36,390 | |||||||||||
Unvested distribution equivalent rights | 66 | — | — | 66 | |||||||||||
Cash distributions to partners | (21,485 | ) | (27,331 | ) | (11,884 | ) | (60,700 | ) | |||||||
Non-cash equity compensation | 731 | — | — | 731 | |||||||||||
Balance at June 30, 2016 | $ | 71,083 | $ | 126,182 | $ | 9,427 | $ | 206,692 |
Quarter Ended | Record Date | Payment Date | Distribution Per Unit | |||
December 31, 2014 | February 3, 2015 | February 13, 2015 | $0.6200 | |||
March 31, 2015 | May 5, 2015 | May 15, 2015 | $0.6350 | |||
June 30, 2015 | August 4, 2015 | August 14, 2015 | $0.6500 | |||
September 30, 2015 | November 3, 2015 | November 13, 2015 | $0.6600 | |||
December 31, 2015 | February 2, 2016 | February 12, 2016 | $0.6600 | |||
March 31, 2016 | May 3, 2016 | May 13, 2016 | $0.6600 | |||
June 30, 2016 | August 2, 2016 | August 12, 2016 | $0.6600 |
|
Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||
2016 | 2015 | 2016 | 2015 | ||||||||||||
Net income attributable to Rose Rock Midstream, L.P. | $ | 9,922 | $ | 17,068 | $ | 36,390 | $ | 31,668 | |||||||
Less: General partner's incentive distribution earned | 5,339 | 4,981 | 10,677 | 9,431 | |||||||||||
Less: General partner's 2.0% ownership | 198 | 342 | 728 | 634 | |||||||||||
Net income allocated to limited partners | $ | 4,385 | $ | 11,745 | $ | 24,985 | $ | 21,603 | |||||||
Basic weighted average number of common units outstanding | 36,838 | 36,790 | 36,823 | 35,803 | |||||||||||
Effect of non-vested restricted units | 77 | 49 | 50 | 46 | |||||||||||
Diluted weighted average number of common units outstanding | 36,915 | 36,839 | 36,873 | 35,849 | |||||||||||
Net income per limited partner unit: | |||||||||||||||
Common unit (basic) | $ | 0.12 | $ | 0.32 | $ | 0.68 | $ | 0.60 | |||||||
Common unit (diluted) | $ | 0.12 | $ | 0.32 | $ | 0.68 | $ | 0.60 |
|
|
|
|
|
June 30, 2016 | December 31, 2015 | ||||||
White Cliffs Pipeline, L.L.C. | $ | 290,668 | $ | 297,109 | |||
Glass Mountain Pipeline, LLC | 137,293 | 141,182 | |||||
Total equity method investments | $ | 427,961 | $ | 438,291 |
Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||
2016 | 2015 | 2016 | 2015 | ||||||||||||
White Cliffs Pipeline, L.L.C. | $ | 16,428 | $ | 15,545 | $ | 36,208 | $ | 34,635 | |||||||
Glass Mountain Pipeline, LLC | 650 | 2,138 | 1,709 | 3,912 | |||||||||||
Total earnings from equity method investments | $ | 17,078 | $ | 17,683 | $ | 37,917 | $ | 38,547 |
Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||
2016 | 2015 | 2016 | 2015 | ||||||||||||
White Cliffs Pipeline, L.L.C. | $ | 21,664 | $ | 20,551 | $ | 45,762 | $ | 44,705 | |||||||
Glass Mountain Pipeline, LLC | 3,118 | 5,009 | 5,933 | 6,920 | |||||||||||
Total cash distributions received from equity method investments | $ | 24,782 | $ | 25,560 | $ | 51,695 | $ | 51,625 |
Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||
2016 | 2015 | 2016 | 2015 | ||||||||||||
Revenues | $ | 55,586 | $ | 48,509 | $ | 113,642 | $ | 103,123 | |||||||
Cost of products sold | $ | 2,803 | $ | 169 | $ | 3,053 | $ | 1,102 | |||||||
Operating, general and administrative expenses | $ | 10,125 | $ | 8,876 | $ | 19,727 | $ | 16,296 | |||||||
Depreciation and amortization expense | $ | 10,084 | $ | 8,587 | $ | 19,047 | $ | 17,125 | |||||||
Net income | $ | 32,575 | $ | 30,870 | $ | 71,822 | $ | 68,593 |
Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||
2016 | 2015 | 2016 | 2015 | ||||||||||||
Revenues | $ | 6,898 | $ | 9,788 | $ | 15,470 | $ | 20,909 | |||||||
Cost of sales | $ | (120 | ) | $ | (40 | ) | $ | 445 | $ | 1,974 | |||||
Operating, general and administrative expenses | $ | 1,618 | $ | 1,513 | $ | 3,463 | $ | 2,920 | |||||||
Depreciation and amortization expense | $ | 3,989 | $ | 3,932 | $ | 7,925 | $ | 7,976 | |||||||
Net income | $ | 1,407 | $ | 4,381 | $ | 3,632 | $ | 8,036 |
|
Three months ended June 30, 2016 | |||||||||||||||||||
Transportation | Facilities | Supply and Logistics | Corporate and Other | Consolidated | |||||||||||||||
Revenues: | |||||||||||||||||||
External | $ | 15,644 | $ | 10,299 | $ | 143,201 | $ | — | $ | 169,144 | |||||||||
Intersegment | 5,127 | 2,527 | — | (7,654 | ) | — | |||||||||||||
Total revenues | $ | 20,771 | $ | 12,826 | $ | 143,201 | $ | (7,654 | ) | $ | 169,144 | ||||||||
Depreciation and amortization | $ | 6,171 | $ | 1,921 | $ | 40 | $ | 103 | $ | 8,235 | |||||||||
Earnings from equity method investment | $ | 17,078 | $ | — | $ | — | $ | — | $ | 17,078 | |||||||||
Segment profit (1) | $ | 18,421 | $ | 9,371 | $ | 10,069 | $ | (2,793 | ) | $ | 35,068 |
Three months ended June 30, 2015 | |||||||||||||||||||
Transportation | Facilities | Supply and Logistics | Corporate and Other | Consolidated | |||||||||||||||
Revenues: | |||||||||||||||||||
External | $ | 22,425 | $ | 11,402 | $ | 189,476 | $ | — | $ | 223,303 | |||||||||
Intersegment | 3,562 | — | — | (3,562 | ) | — | |||||||||||||
Total revenues | $ | 25,987 | $ | 11,402 | $ | 189,476 | $ | (3,562 | ) | $ | 223,303 | ||||||||
Depreciation and amortization | $ | 9,038 | $ | 1,406 | $ | 40 | $ | 124 | $ | 10,608 | |||||||||
Earnings from equity method investment | $ | 17,683 | $ | — | $ | — | $ | — | $ | 17,683 | |||||||||
Segment profit (1) | $ | 19,984 | $ | 7,963 | $ | 10,978 | $ | (2,472 | ) | $ | 36,453 |
Six Months Ended June 30, 2016 | |||||||||||||||||||
Transportation | Facilities | Supply and Logistics | Corporate and Other | Consolidated | |||||||||||||||
Revenues: | |||||||||||||||||||
External | $ | 32,839 | $ | 20,433 | $ | 319,823 | $ | — | $ | 373,095 | |||||||||
Intersegment | 12,341 | 5,272 | — | (17,613 | ) | — | |||||||||||||
Total revenues | $ | 45,180 | $ | 25,705 | $ | 319,823 | $ | (17,613 | ) | $ | 373,095 | ||||||||
Depreciation and amortization | $ | 12,030 | $ | 3,805 | $ | 80 | $ | 213 | $ | 16,128 | |||||||||
Earnings from equity method investment | $ | 37,917 | $ | — | $ | — | $ | — | $ | 37,917 | |||||||||
Segment profit (1) | $ | 44,013 | $ | 18,958 | $ | 19,162 | $ | (4,815 | ) | $ | 77,318 | ||||||||
Total assets at June 30, 2016 (excluding intersegment receivables) | $ | 739,904 | $ | 154,359 | $ | 430,297 | $ | 12,868 | $ | 1,337,428 | |||||||||
Equity investments at June 30, 2016 | $ | 427,961 | $ | — | $ | — | $ | — | $ | 427,961 |
Six Months Ended June 30, 2015 | |||||||||||||||||||
Transportation | Facilities | Supply and Logistics | Corporate and Other | Consolidated | |||||||||||||||
Revenues: | |||||||||||||||||||
External | $ | 42,752 | $ | 22,807 | $ | 292,437 | $ | — | $ | 357,996 | |||||||||
Intersegment | 7,283 | — | — | (7,283 | ) | — | |||||||||||||
Total revenues | $ | 50,035 | $ | 22,807 | $ | 292,437 | $ | (7,283 | ) | $ | 357,996 | ||||||||
Depreciation and amortization | $ | 17,656 | $ | 2,775 | $ | 79 | $ | 241 | $ | 20,751 | |||||||||
Earnings from equity method investment | $ | 38,547 | $ | — | $ | — | $ | — | $ | 38,547 | |||||||||
Segment profit (1) | $ | 44,508 | $ | 16,365 | $ | 16,159 | $ | (5,299 | ) | $ | 71,733 | ||||||||
Total assets at December 31, 2015 (excluding intersegment receivables) | $ | 745,612 | $ | 155,186 | $ | 328,419 | $ | 16,373 | $ | 1,245,590 | |||||||||
Equity investments at December 31, 2015 | $ | 438,291 | $ | — | $ | — | $ | — | $ | 438,291 |
Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||
Reconciliation of segment profit to net income: | 2016 | 2015 | 2016 | 2015 | |||||||||||
Total segment profit | $ | 35,068 | $ | 36,453 | $ | 77,318 | $ | 71,733 | |||||||
Less: | |||||||||||||||
Net unrealized loss (gain) related to derivative instruments | 4,477 | (1,415 | ) | (71 | ) | 1,116 | |||||||||
Depreciation and amortization | 8,235 | 10,608 | 16,128 | 20,751 | |||||||||||
Interest expense | 12,434 | 10,197 | 24,871 | 18,203 | |||||||||||
Other income | — | (5 | ) | — | (5 | ) | |||||||||
Net income | $ | 9,922 | $ | 17,068 | $ | 36,390 | $ | 31,668 |
|
June 30, 2016 | December 31, 2015 | ||||||||||||||||||||||
Level 1 | Netting* | Total | Level 1 | Netting* | Total | ||||||||||||||||||
Assets | $ | 1,160 | $ | (1,160 | ) | $ | — | $ | 131 | $ | (131 | ) | $ | — | |||||||||
Liabilities | $ | 1,428 | $ | (1,160 | ) | $ | 268 | $ | 470 | $ | (131 | ) | $ | 339 |
Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||
2016 | 2015 | 2016 | 2015 | ||||||||
Sales | 5,890 | 7,721 | 16,310 | 13,452 | |||||||
Purchases | 5,743 | 7,508 | 16,253 | 13,413 |
June 30, 2016 | December 31, 2015 | ||||||||||||||
Assets | Liabilities | Assets | Liabilities | ||||||||||||
Commodity contracts | $ | — | $ | 268 | $ | — | $ | 339 |
Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||
2016 | 2015 | 2016 | 2015 | ||||||||||||
Commodity contracts | $ | (7,127 | ) | $ | (2,202 | ) | $ | (3,773 | ) | $ | (2,846 | ) |
|
June 30, 2016 | December 31, 2015 | ||||||
5.625% senior unsecured notes due 2022 | $ | 400,000 | $ | 400,000 | |||
Unamortized debt issuance costs on 2022 notes | (6,442 | ) | (6,975 | ) | |||
5.625% senior unsecured notes due 2022, net | 393,558 | 393,025 | |||||
5.625% senior unsecured notes due 2023 | 350,000 | 350,000 | |||||
Unamortized discount on 2023 notes | (5,178 | ) | (5,455 | ) | |||
Unamortized debt issuance costs on 2023 notes | (4,931 | ) | (5,266 | ) | |||
5.625% senior unsecured notes due 2023, net | 339,891 | 339,279 | |||||
Revolving credit facility | 41,000 | — | |||||
Capital leases | 64 | 83 | |||||
Total long-term debt, net | 774,513 | 732,387 | |||||
Less: current portion of long-term debt | 25 | 31 | |||||
Noncurrent portion of long-term debt, net | $ | 774,488 | $ | 732,356 |
|
Volume (Barrels) | Value | |||||
Fixed price purchases | 3,528 | $ | 167,030 | |||
Fixed price sales | 4,563 | $ | 218,212 | |||
Floating price purchases | 12,701 | $ | 601,820 | |||
Floating price sales | 15,613 | $ | 760,170 |
|
Common Units - Public | Common Units - SemGroup | General Partner Interest | Total Partners' Capital | ||||||||||||
Balance at December 31, 2015 | $ | 80,829 | $ | 139,470 | $ | 9,906 | $ | 230,205 | |||||||
Net income | 10,942 | 14,043 | 11,405 | 36,390 | |||||||||||
Unvested distribution equivalent rights | 66 | — | — | 66 | |||||||||||
Cash distributions to partners | (21,485 | ) | (27,331 | ) | (11,884 | ) | (60,700 | ) | |||||||
Non-cash equity compensation | 731 | — | — | 731 | |||||||||||
Balance at June 30, 2016 | $ | 71,083 | $ | 126,182 | $ | 9,427 | $ | 206,692 |
Quarter Ended | Record Date | Payment Date | Distribution Per Unit | |||
December 31, 2014 | February 3, 2015 | February 13, 2015 | $0.6200 | |||
March 31, 2015 | May 5, 2015 | May 15, 2015 | $0.6350 | |||
June 30, 2015 | August 4, 2015 | August 14, 2015 | $0.6500 | |||
September 30, 2015 | November 3, 2015 | November 13, 2015 | $0.6600 | |||
December 31, 2015 | February 2, 2016 | February 12, 2016 | $0.6600 | |||
March 31, 2016 | May 3, 2016 | May 13, 2016 | $0.6600 | |||
June 30, 2016 | August 2, 2016 | August 12, 2016 | $0.6600 |
|
Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||
2016 | 2015 | 2016 | 2015 | ||||||||||||
Net income attributable to Rose Rock Midstream, L.P. | $ | 9,922 | $ | 17,068 | $ | 36,390 | $ | 31,668 | |||||||
Less: General partner's incentive distribution earned | 5,339 | 4,981 | 10,677 | 9,431 | |||||||||||
Less: General partner's 2.0% ownership | 198 | 342 | 728 | 634 | |||||||||||
Net income allocated to limited partners | $ | 4,385 | $ | 11,745 | $ | 24,985 | $ | 21,603 | |||||||
Basic weighted average number of common units outstanding | 36,838 | 36,790 | 36,823 | 35,803 | |||||||||||
Effect of non-vested restricted units | 77 | 49 | 50 | 46 | |||||||||||
Diluted weighted average number of common units outstanding | 36,915 | 36,839 | 36,873 | 35,849 | |||||||||||
Net income per limited partner unit: | |||||||||||||||
Common unit (basic) | $ | 0.12 | $ | 0.32 | $ | 0.68 | $ | 0.60 | |||||||
Common unit (diluted) | $ | 0.12 | $ | 0.32 | $ | 0.68 | $ | 0.60 |
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|