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ACQUISITIONS (Tables)
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12 Months Ended |
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Dec. 31, 2013
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| Business Acquisition [Line Items] |
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| Business Acquisition, Pro Forma Information |
| | | | | | | | | | Year ended December 31, | | 2013 | | 2012 | | (In thousands) | Total Bison Midstream and Mountaineer Midstream revenues included in consolidated revenues | $ | 60,323 |
| | $ | — |
| Total Bison Midstream and Mountaineer Midstream net income included in consolidated net income | (457 | ) | | — |
| | | | | Pro forma total revenues | $ | 254,957 |
| | $ | 203,093 |
| Pro forma net income | 40,661 |
| | 32,167 |
| | | | | Pro forma common EPU - basic and diluted | $ | 0.74 |
| | 0.29 |
| Pro forma subordinated EPU - basic and diluted | 0.74 |
| | 0.29 |
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Bison Midstream
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| Business Acquisition [Line Items] |
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| Fair Value of Assets Acquired and Liabilities Assumed |
In exchange for its $305.4 million net investment in Bison Midstream, SMLP paid SMP Holdings and the general partner total cash and unit consideration of $248.9 million. As a result of the contribution of net assets in excess of consideration, SMLP recognized a capital contribution from SMP Holdings. The details of total cash and unit consideration as well as the calculation of the capital contribution and its allocation to partners' capital follow (dollars in thousands). | | | | | | | | | SMP Holdings' net investment in Bison Midstream | | | $ | 305,449 |
| Aggregate cash paid to SMP Holdings | $ | 200,000 |
| | | Issuance of 1,553,849 SMLP common units to SMP Holdings | 47,936 |
| | | Issuance of 31,711 SMLP general partner units to the general partner | 978 |
| | | Total consideration | | | 248,914 |
| SMP Holdings' contribution of net assets in excess of consideration | | | $ | 56,535 |
| | | | | Allocation of capital contribution: | | | | General partner interest | $ | 1,131 |
| | | Common limited partner interest | 28,558 |
| | | Subordinated limited partner interest | 26,846 |
| | | Partners' capital allocation | | | $ | 56,535 |
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The fair values of the assets acquired and liabilities assumed as of February 15, 2013, were as follows (in thousands): | | | | | | | | | Purchase price assigned to Bison Gas Gathering system | | | $ | 303,168 |
| Current assets | $ | 5,705 |
| | | Property, plant, and equipment | 85,477 |
| | | Intangible assets | 164,502 |
| | | Other noncurrent assets | 2,187 |
| | | Total assets acquired | 257,871 |
| | | Current liabilities | 6,112 |
| | | Other noncurrent liabilities | 2,790 |
| | | Total liabilities assumed | $ | 8,902 |
| | | Net identifiable assets acquired | | | 248,969 |
| Goodwill | | | $ | 54,199 |
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| Schedule of Revenue and Net Income Disclosures |
Revenues and net income for the previously separate entities and the combined amounts for the year ended December 31, 2013, as presented in these consolidated financial statements follow. | | | | | | Year ended December 31, 2013 | | (In thousands) | SMLP revenues | $ | 225,192 |
| Bison Gas Gathering system revenues | 17,614 |
| Combined revenues | $ | 242,806 |
| | | SMLP net income | $ | 43,584 |
| Bison Gas Gathering system net income | 52 |
| Combined net income | $ | 43,636 |
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Mountaineer Midstream
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| Business Acquisition [Line Items] |
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| Fair Value of Assets Acquired and Liabilities Assumed |
The allocation and valuation of units issued to SMP Holdings and the general partner to partially fund the Mountaineer Acquisition follow (dollars in thousands). | | | | | Issuance of 3,107,698 SMLP common units to SMP Holdings | $ | 98,000 |
| Issuance of 63,422 SMLP general partner units to the general partner | 2,000 |
| Issuance of units in connection with the Mountaineer Acquisition | $ | 100,000 |
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The final fair values of the assets acquired and liabilities assumed as of June 21, 2013, were as follows (in thousands): | | | | | | | | | Purchase price assigned to Mountaineer Midstream | | | $ | 210,000 |
| Property, plant, and equipment | $ | 163,661 |
| | | Gas gathering agreement contract intangibles | 24,019 |
| | | Rights-of-way | 6,109 |
| | | Total assets acquired | 193,789 |
| | | Total liabilities assumed | $ | — |
| | | Net identifiable assets acquired | | | 193,789 |
| Goodwill | | | $ | 16,211 |
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Grand River Gathering, LLC
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| Business Acquisition [Line Items] |
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| Fair Value of Assets Acquired and Liabilities Assumed |
The final fair values of the assets acquired and liabilities assumed as of October 27, 2011, were as follows (in thousands): | | | | | | | | | Purchase price assigned to Grand River Gathering | | | $ | 590,210 |
| Property, plant, and equipment | $ | 295,240 |
| | | Gas gathering agreement contract intangibles | 244,100 |
| | | Rights-of-way | 8,016 |
| | | Total assets acquired | 547,356 |
| | | Deferred revenue | 1,770 |
| | | Other current liabilities | 854 |
| | | Total liabilities assumed | $ | 2,624 |
| | | Net identifiable assets acquired | | | 544,732 |
| Goodwill | | | $ | 45,478 |
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