Segments

9 Months Ended

Dec. 31, 2017

Segment Reporting [Abstract]

Segments

Segments

The following table summarizes certain financial data related to our segments. Transactions between segments are recorded based on prices negotiated between the segments.

The “Corporate and Other” category in the table below includes certain corporate expenses that are not allocated to the reportable segments.

	Three Months Ended December 31,						Nine Months Ended December 31,
	2017			2016			2017			2016
	(in thousands)
Revenues:
Crude Oil Logistics:
Crude oil sales	$	556,001		$	366,569		$	1,446,560		$	1,123,169
Crude oil transportation and other	33,017			20,914			89,318			43,020
Elimination of intersegment sales	(4,011		)	(1,577		)	(8,934		)	(4,447		)
Total Crude Oil Logistics revenues	585,007			385,906			1,526,944			1,161,742
Water Solutions:
Service fees	41,045			28,268			109,648			82,493
Recovered hydrocarbons	17,021			6,387			37,427			19,264
Other revenues	5,958			5,704			14,948			14,088
Total Water Solutions revenues	64,024			40,359			162,023			115,845
Liquids:
Propane sales	403,236			260,562			733,684			458,646
Butane sales	228,535			146,514			408,312			267,769
Other product sales	123,677			89,225			310,389			217,405
Other revenues	6,166			7,704			16,106			22,926
Elimination of intersegment sales	(52,570		)	(33,730		)	(88,510		)	(57,162		)
Total Liquids revenues	709,044			470,275			1,379,981			909,584
Retail Propane:
Propane sales	124,466			96,699			221,102			174,510
Distillate sales	22,806			19,569			39,037			35,613
Other revenues	12,797			12,418			31,733			30,056
Elimination of intersegment sales	(44		)	(32		)	(75		)	(48		)
Total Retail Propane revenues	160,025			128,654			291,797			240,131
Refined Products and Renewables:
Refined products sales	2,845,482			2,258,317			8,493,357			6,409,889
Renewables sales	99,436			123,065			313,366			325,377
Service fees	94			50			262			11,195
Elimination of intersegment sales	(138		)	(149		)	(268		)	(293		)
Total Refined Products and Renewables revenues	2,944,874			2,381,283			8,806,717			6,746,168
Corporate and Other	289			164			696			679
Total revenues	$	4,463,263		$	3,406,641		$	12,168,158		$	9,174,149
Depreciation and Amortization:
Crude Oil Logistics	$	20,092		$	16,503		$	61,885		$	34,496
Water Solutions	24,586			27,150			73,847			76,713
Liquids	6,247			4,441			18,718			13,315
Retail Propane	11,130			11,379			34,205			31,771
Refined Products and Renewables	323			404			971			1,237
Corporate and Other	962			890			2,801			2,744
Total depreciation and amortization	$	63,340		$	60,767		$	192,427		$	160,276
Operating Income (Loss):
Crude Oil Logistics	$	106,279		$	(9,163	)	$	111,832		$	(28,827	)
Water Solutions	(1,373		)	(11,898		)	(10,075		)	63,136
Liquids	22,290			24,765			(104,589		)	33,092
Retail Propane	23,972			21,772			8,878			10,553
Refined Products and Renewables	(4,791		)	8,209			30,747			169,365
Corporate and Other	(21,846		)	(11,128		)	(56,031		)	(66,690		)
Total operating income (loss)	$	124,531		$	22,557		$	(19,238	)	$	180,629

The following table summarizes additions to property, plant and equipment and intangible assets by segment for the periods indicated. This information has been prepared on the accrual basis, and includes property, plant and equipment and intangible assets acquired in acquisitions.

	Three Months Ended December 31,					Nine Months Ended December 31,
	2017		2016			2017		2016
	(in thousands)
Crude Oil Logistics	$	14,788	$	42,758		$	26,509	$	147,460
Water Solutions	22,556		18,275			56,996		86,628
Liquids	1,188		1,736			2,868		14,897
Retail Propane	14,527		16,196			49,242		94,170
Refined Products and Renewables	—		(945		)	—		42,175
Corporate and Other	625		375			1,334		2,107
Total	$	53,684	$	78,395		$	136,949	$	387,437

The following tables summarize long-lived assets (consisting of property, plant and equipment, intangible assets, and goodwill) and total assets by segment at the dates indicated:

	December 31, 2017		March 31, 2017
	(in thousands)
Long-lived assets, net:
Crude Oil Logistics	$	1,661,020	$	1,724,805
Water Solutions	1,239,578		1,261,944
Liquids	485,454		619,204
Retail Propane	457,031		547,960
Refined Products and Renewables	210,534		215,637
Corporate and Other	33,338		36,395
Total	$	4,086,955	$	4,405,945
Total assets:
Crude Oil Logistics	$	2,269,632	$	2,538,768
Water Solutions	1,303,873		1,301,415
Liquids	901,904		767,597
Retail Propane	660,850		622,859
Refined Products and Renewables	1,087,499		988,073
Corporate and Other	92,628		101,667
Total	$	6,316,386	$	6,320,379