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Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data (Unaudited)

Note 23. QUARTERLY FINANCIAL DATA (UNAUDITED)

The following table summarizes quarterly financial data for 2019 and 2018 (in thousands):

 

 

 

2019 Quarter Ended

 

 

 

March 31

 

 

June 30

 

 

September 30

 

 

December 31

 

Operating revenues

 

$

471,786

 

 

$

605,528

 

 

$

559,736

 

 

$

512,379

 

Gross profit

 

 

37,077

 

 

 

41,370

 

 

 

41,145

 

 

 

35,045

 

Operating income

 

 

7,612

 

 

 

13,920

 

 

 

12,349

 

 

 

9,441

 

Net income attributable to limited partners

 

 

212

 

 

 

6,441

 

 

 

7,165

 

 

 

4,258

 

Basic and diluted earnings per common unit(a)

 

 

0.00

 

 

 

0.18

 

 

 

0.20

 

 

 

0.12

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2018 Quarter Ended

 

 

 

March 31

 

 

June 30

 

 

September 30

 

 

December 31

 

Operating revenues

 

$

554,570

 

 

$

673,295

 

 

$

670,810

 

 

$

547,242

 

Gross profit

 

 

39,951

 

 

 

43,972

 

 

 

43,798

 

 

 

45,074

 

Operating income (loss)

 

 

7,424

 

 

 

(1,568

)

 

 

13,652

 

 

 

15,504

 

Net income (loss) attributable to limited partners

 

 

(805

)

 

 

(6,935

)

 

 

5,308

 

 

 

7,683

 

Basic and diluted earnings (loss) per common unit(a)

 

 

(0.06

)

 

 

(0.21

)

 

 

0.15

 

 

 

0.22

 

(a)

Earnings (loss) per common unit amounts are computed independently for each of the quarters presented. Therefore, the sum of the quarterly earnings per share amounts may not equal the annual earnings per share amounts.