NavSight (NSH) 10-Q 8 Aug 16 2016 Q2 Quarterly report Financial data

DEI Document

DEI Document - shares	6 Months Ended
	Jun. 30, 2016	Jul. 31, 2016
Document Information [Abstract]
Entity Registrant Name	NuStar GP Holdings, LLC
Entity Central Index Key	1,223,786
Trading Symbol	nsh
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Jun. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Limited Liability Company, Units Outstanding		42,931,242

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 315	$ 34
Receivable from related party	0	14,799
Income tax receivable	1,212	1,212
Other receivables	0	69
Other current assets	313	344
Total current assets	1,840	16,458
Investment in NuStar Energy L.P.	285,880	306,694
Long-term receivable from related party	0	32,080
Deferred income tax assets, net	5,040	5,258
Total assets	292,760	360,490
Current liabilities:
Short-term debt	30,000	26,000
Payable to related party	186	0
Accounts payable	20	636
Accrued compensation expense	0	8,990
Accrued liabilities	331	340
Deferred income tax liabilities, net	0	2,660
Taxes other than income tax	73	1,935
Total current liabilities	30,610	40,561
Long-term liabilities	0	32,859
Commitments and contingencies (Note 8)
Members’ equity (42,931,242 and 42,930,549 common units outstanding as of June 30, 2016 and December 31, 2015, respectively)	280,998	295,734
Accumulated other comprehensive loss	(18,848)	(8,664)
Total members’ equity	262,150	287,070
Total liabilities and members’ equity	$ 292,760	$ 360,490
Common units outstanding	42,931,242	42,930,549

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Equity in earnings of NuStar Energy L.P.	$ 16,280	$ 16,568	$ 33,295	$ 44,090
General and administrative expenses:
Third parties	(591)	(921)	(1,340)	(1,872)
Related party	(250)	0	(333)	0
Total general and administrative expenses	(841)	(921)	(1,673)	(1,872)
Other income, net	0	77	613	539
Interest expense, net	(267)	(214)	(513)	(427)
Income before income tax (expense) benefit	15,172	15,510	31,722	42,330
Income tax (expense) benefit	(99)	17	27	2
Net income	15,073	15,527	31,749	42,332
Comprehensive income	$ 11,607	$ 19,834	$ 21,565	$ 43,374
Basic and diluted net income per unit	$ 0.35	$ 0.37	$ 0.74	$ 0.99
Weighted-average number of basic and diluted units outstanding	42,931,059	42,913,771	42,930,804	42,913,526

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash Flows from Operating Activities:
Net income	$ 31,749	$ 42,332
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in earnings of NuStar Energy L.P.	(33,295)	(44,090)
Distributions of equity in earnings from NuStar Energy L.P.	33,295	44,090
Gain on sale of NuStar Energy L.P. limited partner units in connection with unit-based compensation	(613)	(539)
Unit-based compensation expense	287	112
Amortization of deferred debt costs	84	72
Benefit for deferred income tax	(29)	(3)
Changes in current assets and liabilities (Note 6)	(4,413)	(1,637)
Increase in long-term receivable from related party	(898)	(3,904)
Increase in long-term liabilities	1,183	3,905
Net cash provided by operating activities	27,350	40,338
Cash Flows from Investing Activities:
Distributions in excess of equity in earnings from NuStar Energy L.P.	14,608	3,868
Investment in NuStar Energy L.P.	(161)	(1,823)
Proceeds from sale of NuStar Energy L.P. units in connection with unit-based compensation	1,319	1,886
Net cash provided by investing activities	15,766	3,931
Cash Flows from Financing Activities:
Proceeds from short-term debt borrowings	4,000	0
Distributions to unitholders	(46,794)	(46,791)
Other, net	(41)	15
Net cash used in financing activities	(42,835)	(46,776)
Net increase (decrease) in cash and cash equivalents	281	(2,507)
Cash and cash equivalents as of the beginning of the period	34	2,840
Cash and cash equivalents as of the end of the period	$ 315	$ 333

ORGANIZATION AND BASIS OF PRESE

ORGANIZATION AND BASIS OF PRESENTATION	6 Months Ended
	Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND BASIS OF PRESENTATION	ORGANIZATION AND BASIS OF PRESENTATION Organization NuStar GP Holdings, LLC (NuStar GP Holdings) (NYSE: NSH) is a publicly held Delaware limited liability company. Unless otherwise indicated, the terms “NuStar GP Holdings,” “NSH,” “we,” “our” and “us” are used in this report to refer to NuStar GP Holdings, LLC, to one or more of our consolidated subsidiaries or to all of them taken as a whole. We have no operations or sources of income or cash flows other than our investment in NuStar Energy L.P. (NuStar Energy) (NYSE: NS). As of June 30, 2016 , we owned approximately 15% of NuStar Energy, consisting of the following: • the 2% general partner interest; • 100% of the incentive distribution rights issued by NuStar Energy, which entitle us to receive increasing percentages of the cash distributed by NuStar Energy, currently at the maximum percentage of 23% ; and • 10,214,626 common units of NuStar Energy representing limited partner interests. NuStar Energy is a publicly held Delaware limited partnership engaged in the transportation of petroleum products and anhydrous ammonia, the terminalling and storage of petroleum products and the marketing of petroleum products. NuStar Energy has terminal and storage facilities in the United States, Canada, Mexico, the Netherlands, including St. Eustatius in the Caribbean, and the United Kingdom. Employee Transfer from NuStar GP, LLC. On March 1, 2016, NuStar GP, LLC, our wholly owned subsidiary, transferred and assigned to NuStar Services Company LLC (NuStar Services Co), a wholly owned subsidiary of NuStar Energy, all of NuStar GP, LLC’s employees and related benefit plans, programs, contracts and policies (the Employee Transfer). As a result of the Employee Transfer, NuStar Energy pays employee costs directly and sponsors the long-term incentive plan and other employee benefit plans. Please refer to Note 3 for a discussion of this transfer and our related party agreements and Note 11 for a discussion of the employee benefit plans and long-term incentive plan obligations transferred. Basis of Presentation These unaudited condensed consolidated financial statements include the accounts of NuStar GP Holdings and subsidiaries in which it has a controlling interest. Intercompany balances and transactions have been eliminated in consolidation. We account for our ownership interest in NuStar Energy using the equity method. Therefore, our financial results reflect a portion of NuStar Energy’s net income based on our ownership interest in NuStar Energy. We have no separate operating activities apart from those conducted by NuStar Energy and therefore generate no revenues from operations. These unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (GAAP) for interim financial information and with the instructions to the Quarterly Report on Form 10-Q and Article 10 of Regulation S-X of the Securities Exchange Act of 1934. Accordingly, they do not include all of the information and notes required by GAAP for complete consolidated financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included, and all disclosures are adequate. All such adjustments are of a normal recurring nature unless disclosed otherwise. Financial information for the three and six months ended June 30, 2016 and 2015 included in these Condensed Notes to Consolidated Financial Statements is derived from our unaudited condensed consolidated financial statements. Operating results for the three and six months ended June 30, 2016 are not necessarily indicative of the results that may be expected for the year ending December 31, 2016 . The consolidated balance sheet as of December 31, 2015 has been derived from the audited consolidated financial statements as of that date. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2015 . Certain previously reported amounts in the 2015 consolidated financial statements and condensed notes have been reclassified to conform to 2016 presentation. New Accounting Pronouncements Unit-Based Payments. In March 2016, the Financial Accounting Standards Board (FASB) issued amended guidance that simplifies certain aspects of accounting for unit-based payments to employees, including the accounting for income taxes, forfeitures, and statutory tax withholding requirements, as well as classification in the statement of cash flows. The changes are effective for annual and interim periods beginning after December 15, 2016, and early adoption is permitted. The new requirements should be applied prospectively, retrospectively or using a modified retrospective transition method depending on the area affected by the amended guidance. We adopted this amended guidance effective January 1, 2016, which did not have a material impact on our financial position, results of operations or disclosures. Deferred Taxes. In November 2015, the FASB issued amended guidance that requires deferred tax assets and liabilities to be classified as noncurrent on the balance sheet. The changes are effective for annual and interim periods beginning after December 15, 2016, using either a prospective or retrospective transition method, and early adoption is permitted. We will adopt these provisions on a prospective basis on January 1, 2017, and we do not expect the guidance to have a material impact on our financial position, results of operations or disclosures.

INVESTMENT IN NUSTAR ENERGY

INVESTMENT IN NUSTAR ENERGY	6 Months Ended
	Jun. 30, 2016
Equity Method Investments and Joint Ventures [Abstract]
INVESTMENT IN NUSTAR ENERGY	INVESTMENT IN NUSTAR ENERGY On January 2, 2015, NuStar Energy acquired full ownership of ST Linden Terminal, LLC, which owns a refined products terminal in Linden, NJ (the Linden Acquisition). Prior to the Linden Acquisition, the terminal operated as a joint venture between NuStar Energy and Linden Holding Corp, with each party owning 50% . Summary Financial Information Condensed consolidated financial information reported by NuStar Energy is presented below: June 30, December 31, (Thousands of Dollars) Balance Sheet Information: Current assets $ 313,158 $ 333,851 Property, plant and equipment, net 3,674,372 3,683,571 Goodwill 696,637 696,637 Other non-current assets 371,052 411,466 Total assets $ 5,055,219 $ 5,125,525 Current liabilities $ 194,276 $ 332,213 Long-term debt 3,205,693 3,055,612 Other non-current liabilities 165,355 127,856 Total liabilities 3,565,324 3,515,681 NuStar Energy partners’ equity 1,489,895 1,609,844 Total liabilities and partners’ equity $ 5,055,219 $ 5,125,525 Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 (Thousands of Dollars) Statement of Comprehensive Income Information: Revenues $ 437,804 $ 570,611 $ 843,507 $ 1,125,555 Operating income $ 91,217 $ 92,405 $ 185,782 $ 191,686 Income from continuing operations $ 52,517 $ 54,325 $ 109,918 $ 181,450 Income from discontinued operations, net of tax — — — 774 Net income $ 52,517 $ 54,325 $ 109,918 $ 182,224 Other Our investment in NuStar Energy reconciles to NuStar Energy’s partners’ equity as follows: June 30, December 31, (Thousands of Dollars) NuStar Energy’s partners’ equity $ 1,489,895 $ 1,609,844 NuStar GP Holdings’ ownership interest in NuStar Energy 14.9 % 14.9 % NuStar GP Holdings’ share of NuStar Energy’s partners’ equity 221,994 239,867 Step-up in basis related to NuStar Energy’s assets and liabilities, including equity method goodwill, and other 63,886 66,827 Investment in NuStar Energy $ 285,880 $ 306,694

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Jun. 30, 2016
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS GP Services Agreement. Prior to the Employee Transfer, NuStar GP, LLC managed the operations of NuStar Energy under a services agreement effective January 1, 2008 pursuant to which employees of NuStar GP, LLC performed services for NuStar Energy’s U.S. operations. Employees of NuStar GP, LLC provided services to both NuStar Energy and NuStar GP Holdings; therefore, NuStar Energy reimbursed NuStar GP, LLC for all employee costs incurred prior to the Employee Transfer, other than the expenses allocated specifically to NuStar GP Holdings (the Holdco Administrative Services Expense). The Holdco Administrative Services Expense totaled $0.4 million for the three months ended June 30, 2015 , and $0.2 million and $0.9 million for the six months ended June 30, 2016 and 2015 , respectively. The following table summarizes information pertaining to related party transactions reimbursed by NuStar Energy: Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 (Thousands of Dollars) Expenses for payroll, employee benefit plans and unit-based compensation $ — $ 52,188 $ 32,053 $ 100,734 Other expenses $ — $ 89 $ 121 $ 218 In conjunction with the Employee Transfer, NuStar GP, LLC entered into an Amended and Restated Services Agreement with NuStar Services Co, effective March 1, 2016 (the Amended GP Services Agreement). The Amended GP Services Agreement provides that NuStar Services Co will furnish administrative services necessary to conduct our business. We will compensate NuStar Services Co for these services through an annual fee of $1.0 million, subject to adjustment based on the annual merit increase percentage applicable to NuStar Services Co employees for the most recently completed fiscal year and for changes in level of service. The Amended GP Services Agreement will terminate on March 1, 2020 and will automatically renew for successive two-year terms, unless terminated by either party. We incurred administrative expenses related to the Amended GP Services Agreement of $0.3 million for the three and six months ended June 30, 2016 , which are reported in related party general and administrative expenses on the consolidated statements of comprehensive income. Assignment and Assumption Agreement. Also on March 1, 2016 and in connection with the Employee Transfer, NuStar Services Co and NuStar GP, LLC entered into an Assignment and Assumption Agreement (the Assignment Agreement). Under the Assignment Agreement, NuStar GP, LLC assigned all of its employee benefit plans, programs, contracts, policies, and various of its other agreements and contracts with certain employees, affiliates and third-party service providers (collectively, the Assigned Programs) to NuStar Services Co. In addition, NuStar Services Co agreed to assume the sponsorship of and all obligations relating to the ongoing maintenance and administration of each of the plans and agreements in the Assigned Programs. The following table summarizes the related party transactions and changes to amounts reported on our consolidated balance sheet as a result of the Employee Transfer on March 1, 2016 (thousands of dollars): Decrease in related party receivable: Current $ 16,014 Long-term 32,656 Decrease in related party receivable $ 48,670 Decreases to our consolidated balance sheet: Current and long-term assets $ (506 ) Current liabilities 10,933 Other long-term liabilities 34,042 Accumulated other comprehensive loss 4,201 Decreases to our consolidated balance sheet $ 48,670 Balance Sheet Items. We had a payable to NuStar Energy of $0.2 million as of June 30, 2016 , mainly comprised of service fees and expenses paid on behalf of NuStar GP Holdings. As of December 31, 2015 , we had a receivable from NuStar Energy of $14.8 million , mainly comprised of payroll, employee benefit plan expenses and unit-based compensation prior to the Employee Transfer, and none as of June 30, 2016 . We also had a long-term receivable from NuStar Energy as of December 31, 2015 of $32.1 million , representing long-term employee benefits prior to the Employee Transfer, and none as of June 30, 2016 .

DISTRIBUTIONS FROM NUSTAR ENERG

DISTRIBUTIONS FROM NUSTAR ENERGY	6 Months Ended
	Jun. 30, 2016
DISTRIBUTIONS FROM NUSTAR ENERGY [Abstract]
DISTRIBUTIONS FROM NUSTAR ENERGY	DISTRIBUTIONS FROM NUSTAR ENERGY The following table reflects the allocation of NuStar Energy’s cash distributions earned for the periods indicated among its general and limited partners: Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 (Thousands of Dollars, Except Per Unit Data) General partner interest $ 1,961 $ 1,961 $ 3,922 $ 3,922 General partner incentive distribution 10,805 10,805 21,610 21,610 Total general partner distribution 12,766 12,766 25,532 25,532 Limited partner distribution 11,185 11,212 22,329 22,528 Total distributions to NuStar GP Holdings 23,951 23,978 47,861 48,060 Public unitholders’ distributions 74,100 74,073 148,241 148,042 Total cash distributions $ 98,051 $ 98,051 $ 196,102 $ 196,102 Cash distributions per unit applicable to limited partners $ 1.095 $ 1.095 $ 2.190 $ 2.190 The following table summarizes information related to NuStar Energy’s quarterly cash distributions: Quarter Ended Cash Distributions Per Unit Total Cash Distributions Record Date Payment Date (Thousands of Dollars) June 30, 2016 (a) $ 1.095 $ 98,051 August 9, 2016 August 12, 2016 March 31, 2016 $ 1.095 $ 98,051 May 9, 2016 May 13, 2016 December 31, 2015 $ 1.095 $ 98,051 February 8, 2016 February 12, 2016 (a) The distribution was announced on July 29, 2016 .

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS We segregate the inputs used in measuring fair value into three levels: Level 1, defined as observable inputs such as quoted prices for identical assets or liabilities in active markets; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable, such as quoted prices for similar assets or liabilities in active markets or quoted prices for identical assets or liabilities in markets that are not active; and Level 3, defined as unobservable inputs in which little or no market data exists. As of December 31, 2015, NuStar Energy restricted and performance unit liabilities of $3.8 million were measured at fair value on a recurring basis and categorized as a Level 1 in the fair value hierarchy. As a result of the Employee Transfer, our consolidated balance sheet as of June 30, 2016 no longer reflects these liabilities, which were reported in “Accrued compensation expense” on our consolidated balance sheet as of December 31, 2015. Please refer to Note 3 and Note 11 for a discussion of the employee-related obligations transferred. We recognize cash equivalents, receivables, payables and short-term debt in our consolidated balance sheets at their carrying amounts. The fair values of these financial instruments approximate their carrying amounts. The fair value of our short-term debt would fall in Level 2 of the fair value hierarchy.

STATEMENTS OF CASH FLOWS

STATEMENTS OF CASH FLOWS	6 Months Ended
	Jun. 30, 2016
Statement of Cash Flows [Abstract]
STATEMENTS OF CASH FLOWS	STATEMENTS OF CASH FLOWS Changes in current assets and current liabilities were as follows: Six Months Ended June 30, 2016 2015 (Thousands of Dollars) Decrease (increase) in current assets: Receivable from related party, net $ (1,124 ) $ (5,018 ) Income tax receivable — 52 Other receivables (32 ) 91 Other current assets (53 ) 149 Increase (decrease) in current liabilities: Accounts payable (203 ) (208 ) Accrued compensation expense (1,339 ) 4,281 Accrued liabilities (9 ) (77 ) Taxes other than income tax (1,653 ) (907 ) Changes in current assets and current liabilities $ (4,413 ) $ (1,637 ) The above changes in current assets and current liabilities differ from changes between amounts reflected in our consolidated balance sheets due to the non-cash related party transactions associated with the Employee Transfer. Please refer to Note 3 for further details. Cash flows related to interest and income tax were as follows: Six Months Ended June 30, 2016 2015 (Thousands of Dollars) Cash paid for interest $ 418 $ 350 Cash paid (refunded) for income tax $ 2 $ (52 )

CREDIT FACILITY

CREDIT FACILITY	6 Months Ended
	Jun. 30, 2016
Line of Credit Facility [Abstract]
CREDIT FACILITY	CREDIT FACILITY Our revolving credit facility dated June 28, 2013 currently has a borrowing capacity of up to $50.0 million , of which up to $10.0 million may be available for letters of credit. We amended this facility on June 16, 2016 to, among other things, extend its maturity to June 27, 2017. Our obligations under our revolving credit facility are guaranteed by a wholly owned subsidiary of NuStar GP Holdings, LLC, Riverwalk Holdings, LLC (Riverwalk). Riverwalk has pledged a total of 2,107,918 NuStar Energy common units that it owns to secure its guarantee. Borrowings under our revolving credit facility are used to fund capital contributions to NuStar Energy to maintain our 2% general partner interest when NuStar Energy issues additional common units and to meet other liquidity and capital resource requirements. As of June 30, 2016 , we had outstanding borrowings of $30.0 million and availability of $20.0 million for borrowings under our revolving credit facility. Interest on our revolving credit facility is based upon, at our option, either an alternative base rate or a LIBOR-based rate . As of June 30, 2016 , the weighted-average interest rate was 2.5% . Our revolving credit facility requires that NuStar Energy's consolidated debt coverage ratio (as defined in our revolving credit agreement) not exceed 5.00-to-1.00. We are also required to receive cash distributions each fiscal quarter of at least $16.0 million in respect of our ownership interests in NuStar Energy. Our management believes that we are in compliance with the covenants in the revolving credit facility as of June 30, 2016 .

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Contingencies We are not currently a party to any material legal proceedings and have not recorded any accruals for loss contingencies. NuStar Energy is a party to claims and legal proceedings arising in the ordinary course of its business, which it believes are not material to its financial position or results of operations. However, due to the inherent uncertainty of litigation, there can be no assurance that the resolution of any particular claim or proceeding would not have a material adverse effect on NuStar Energy’s results of operations and ability to pay distributions, which would impact our results of operations and ability to pay distributions.

MEMBERS' EQUITY

MEMBERS' EQUITY	6 Months Ended
	Jun. 30, 2016
Members' Equity [Abstract]
MEMBERS' EQUITY	MEMBERS’ EQUITY The following table presents changes to our members’ equity (in thousands of dollars): Balance as of January 1, 2016 $ 287,070 Net income 31,749 Distributions to unitholders (46,794 ) Other comprehensive loss (10,184 ) Unit-based compensation expense 309 Balance as of June 30, 2016 $ 262,150 Accumulated Other Comprehensive Loss The following table presents balances of and changes in accumulated other comprehensive loss by component: Share of NuStar Energy’s Other Comprehensive Loss Pension and Other Postretirement Benefit Plan Adjustments Total (Thousands of Dollars) Balance as of January 1, 2016 $ (13,189 ) $ 4,525 $ (8,664 ) Other comprehensive loss before reclassification adjustments (5,659 ) — (5,659 ) Amounts reclassified to general and administrative expenses (a) — (324 ) (324 ) Employee Transfer (b) — (4,201 ) (4,201 ) Other comprehensive loss (5,659 ) (4,525 ) (10,184 ) Balance as of June 30, 2016 $ (18,848 ) $ — $ (18,848 ) (a) These amounts are components of net periodic pension cost (income), and prior to the Employee Transfer on March 1, 2016, NuStar Energy reimbursed us for these employee costs. (b) Represents the balance of accumulated other comprehensive loss related to the unrecognized components of net periodic benefit cost (income), net of income tax expense of $2.4 million , that was transferred to NuStar Services Co in connection with the Employee Transfer as described in Notes 3 and 11. Cash Distributions The following table summarizes our cash distributions applicable to the period in which the distributions were earned: Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 (Thousands of Dollars, Except Per Unit Data) Cash distributions per unit $ 0.545 $ 0.545 $ 1.090 $ 1.090 Total cash distributions $ 23,398 $ 23,388 $ 46,795 $ 46,776 The following table summarizes information related to our quarterly cash distributions: Quarter Ended Cash Distributions Per Unit Total Cash Distributions Record Date Payment Date (Thousands of Dollars) June 30, 2016 (a) $ 0.545 $ 23,398 August 9, 2016 August 16, 2016 March 31, 2016 $ 0.545 $ 23,397 May 9, 2016 May 17, 2016 December 31, 2015 $ 0.545 $ 23,397 February 8, 2016 February 16, 2016 (a) The distribution was announced on July 29, 2016 .

NET INCOME PER UNIT

NET INCOME PER UNIT	6 Months Ended
	Jun. 30, 2016
Earnings Per Unit [Abstract]
NET INCOME PER UNIT	NET INCOME PER UNIT We treat restricted units granted under our long-term incentive plan as participating securities in computing net income per unit pursuant to the two-class method. Basic and diluted net income per unit are the same for the three and six months ended June 30, 2016 and 2015 because we have no potentially dilutive securities outstanding.

EMPLOYEE BENEFIT PLANS AND UNIT

EMPLOYEE BENEFIT PLANS AND UNIT-BASED COMPENSATION	6 Months Ended
	Jun. 30, 2016
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]
EMPLOYEE BENEFIT PLANS AND UNIT-BASED COMPENSATION	EMPLOYEE BENEFIT PLANS AND UNIT-BASED COMPENSATION Prior to the Employee Transfer, NuStar GP, LLC sponsored and maintained the following employee related benefit plans: • The NuStar Thrift Plan (the Thrift Plan), a qualified employee profit-sharing plan; • The NuStar Excess Thrift Plan, a benefit plan to those employees whose compensation and/or annual contributions under the Thrift Plan are subject to the limitations applicable to qualified retirement plans; • The NuStar Pension Plan, a qualified non-contributory defined benefit pension plan; • The NuStar Excess Pension Plan, a benefit plan to a select group of management or other highly compensated employees (the NuStar Pension Plan and the NuStar Excess Pension Plan are collectively referred to as the Pension Plans); • The NuStar GP, LLC Retiree Welfare Benefits Plan, a medical benefits plan for certain retired employees; and • The Fifth Amended and Restated 2000 Long-Term Incentive Plan (the Amended 2000 LTIP). Prior to the Employee Transfer, NuStar Energy reimbursed NuStar GP, LLC for expenses incurred under these plans. Effective March 1, 2016, NuStar Services Co pays employee costs directly and assumed sponsorship and responsibility for the above employee related benefit plans. Employee Benefit Plans On March 1, 2016 and in conjunction with the Employee Transfer, we transferred to NuStar Services Co $32.7 million in benefit obligations associated with the Pension Plans and other postretirement benefit plans. As a result of the Employee Transfer, our consolidated balance sheet as of June 30, 2016 no longer reflects these liabilities, which were primarily reported in “Long-term liabilities” on our consolidated balance sheet as of December 31, 2015. Additionally, we transferred an accumulated other comprehensive income balance related to the unrecognized components of net periodic benefit cost (income) of $4.2 million . Unit-Based Compensation On March 1, 2016, we transferred to NuStar Services Co all outstanding awards under the Amended 2000 LTIP, which represented 688,647 units, and removed the obligation related to these unit-based awards from our consolidated balance sheet. We continue to sponsor and maintain the 2006 Long-Term Incentive Plan (the 2006 LTIP). Under the 2006 LTIP, NSH units may be awarded to NuStar GP Holdings employees, consultants and directors who perform services for us or our affiliates. For further details on the 2006 LTIP, please see Note 15 of the Notes to Consolidated Financial Statements in Item 8. “Financial Statements and Supplementary Data” contained in our Annual Report on Form 10-K for the year ended December 31, 2015 .

INVESTMENT IN NUSTAR ENERGY (Ta

INVESTMENT IN NUSTAR ENERGY (Tables)	6 Months Ended
	Jun. 30, 2016
Equity Method Investments and Joint Ventures [Abstract]
NuStar Energy's Balance Sheet Information	Condensed consolidated financial information reported by NuStar Energy is presented below: June 30, December 31, (Thousands of Dollars) Balance Sheet Information: Current assets $ 313,158 $ 333,851 Property, plant and equipment, net 3,674,372 3,683,571 Goodwill 696,637 696,637 Other non-current assets 371,052 411,466 Total assets $ 5,055,219 $ 5,125,525 Current liabilities $ 194,276 $ 332,213 Long-term debt 3,205,693 3,055,612 Other non-current liabilities 165,355 127,856 Total liabilities 3,565,324 3,515,681 NuStar Energy partners’ equity 1,489,895 1,609,844 Total liabilities and partners’ equity $ 5,055,219 $ 5,125,525
NuStar Energy's Statement of Comprehensive Income Information	Condensed consolidated financial information reported by NuStar Energy is presented below: Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 (Thousands of Dollars) Statement of Comprehensive Income Information: Revenues $ 437,804 $ 570,611 $ 843,507 $ 1,125,555 Operating income $ 91,217 $ 92,405 $ 185,782 $ 191,686 Income from continuing operations $ 52,517 $ 54,325 $ 109,918 $ 181,450 Income from discontinued operations, net of tax — — — 774 Net income $ 52,517 $ 54,325 $ 109,918 $ 182,224
Reconciliation of NuStar Energy’s total partners’ equity to our investment in NuStar Energy	Our investment in NuStar Energy reconciles to NuStar Energy’s partners’ equity as follows: June 30, December 31, (Thousands of Dollars) NuStar Energy’s partners’ equity $ 1,489,895 $ 1,609,844 NuStar GP Holdings’ ownership interest in NuStar Energy 14.9 % 14.9 % NuStar GP Holdings’ share of NuStar Energy’s partners’ equity 221,994 239,867 Step-up in basis related to NuStar Energy’s assets and liabilities, including equity method goodwill, and other 63,886 66,827 Investment in NuStar Energy $ 285,880 $ 306,694

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	6 Months Ended
	Jun. 30, 2016
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	The following table summarizes information pertaining to related party transactions reimbursed by NuStar Energy: Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 (Thousands of Dollars) Expenses for payroll, employee benefit plans and unit-based compensation $ — $ 52,188 $ 32,053 $ 100,734 Other expenses $ — $ 89 $ 121 $ 218
Schedule of Employee Transfer	The following table summarizes the related party transactions and changes to amounts reported on our consolidated balance sheet as a result of the Employee Transfer on March 1, 2016 (thousands of dollars): Decrease in related party receivable: Current $ 16,014 Long-term 32,656 Decrease in related party receivable $ 48,670 Decreases to our consolidated balance sheet: Current and long-term assets $ (506 ) Current liabilities 10,933 Other long-term liabilities 34,042 Accumulated other comprehensive loss 4,201 Decreases to our consolidated balance sheet $ 48,670

DISTRIBUTIONS FROM NUSTAR ENE18

DISTRIBUTIONS FROM NUSTAR ENERGY (Tables) - NuStar Energy [Member]	6 Months Ended
	Jun. 30, 2016
Schedule of Equity Method Investments [Line Items]
Distributions To General and Limited Partners	The following table reflects the allocation of NuStar Energy’s cash distributions earned for the periods indicated among its general and limited partners: Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 (Thousands of Dollars, Except Per Unit Data) General partner interest $ 1,961 $ 1,961 $ 3,922 $ 3,922 General partner incentive distribution 10,805 10,805 21,610 21,610 Total general partner distribution 12,766 12,766 25,532 25,532 Limited partner distribution 11,185 11,212 22,329 22,528 Total distributions to NuStar GP Holdings 23,951 23,978 47,861 48,060 Public unitholders’ distributions 74,100 74,073 148,241 148,042 Total cash distributions $ 98,051 $ 98,051 $ 196,102 $ 196,102 Cash distributions per unit applicable to limited partners $ 1.095 $ 1.095 $ 2.190 $ 2.190
Distributions Made to Limited and General Partners, by Distribution	The following table summarizes information related to NuStar Energy’s quarterly cash distributions: Quarter Ended Cash Distributions Per Unit Total Cash Distributions Record Date Payment Date (Thousands of Dollars) June 30, 2016 (a) $ 1.095 $ 98,051 August 9, 2016 August 12, 2016 March 31, 2016 $ 1.095 $ 98,051 May 9, 2016 May 13, 2016 December 31, 2015 $ 1.095 $ 98,051 February 8, 2016 February 12, 2016 (a) The distribution was announced on July 29, 2016 .

STATEMENTS OF CASH FLOWS (Table

STATEMENTS OF CASH FLOWS (Tables)	6 Months Ended
	Jun. 30, 2016
Statement of Cash Flows [Abstract]
Changes in current assets and liabilities	Changes in current assets and current liabilities were as follows: Six Months Ended June 30, 2016 2015 (Thousands of Dollars) Decrease (increase) in current assets: Receivable from related party, net $ (1,124 ) $ (5,018 ) Income tax receivable — 52 Other receivables (32 ) 91 Other current assets (53 ) 149 Increase (decrease) in current liabilities: Accounts payable (203 ) (208 ) Accrued compensation expense (1,339 ) 4,281 Accrued liabilities (9 ) (77 ) Taxes other than income tax (1,653 ) (907 ) Changes in current assets and current liabilities $ (4,413 ) $ (1,637 )
Cash flows related to interest and income tax	Cash flows related to interest and income tax were as follows: Six Months Ended June 30, 2016 2015 (Thousands of Dollars) Cash paid for interest $ 418 $ 350 Cash paid (refunded) for income tax $ 2 $ (52 )

MEMBERS' EQUITY (Tables)

MEMBERS' EQUITY (Tables)	6 Months Ended
	Jun. 30, 2016
Members' Equity [Abstract]
Changes in Members’ Equity	The following table presents changes to our members’ equity (in thousands of dollars): Balance as of January 1, 2016 $ 287,070 Net income 31,749 Distributions to unitholders (46,794 ) Other comprehensive loss (10,184 ) Unit-based compensation expense 309 Balance as of June 30, 2016 $ 262,150
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table presents balances of and changes in accumulated other comprehensive loss by component: Share of NuStar Energy’s Other Comprehensive Loss Pension and Other Postretirement Benefit Plan Adjustments Total (Thousands of Dollars) Balance as of January 1, 2016 $ (13,189 ) $ 4,525 $ (8,664 ) Other comprehensive loss before reclassification adjustments (5,659 ) — (5,659 ) Amounts reclassified to general and administrative expenses (a) — (324 ) (324 ) Employee Transfer (b) — (4,201 ) (4,201 ) Other comprehensive loss (5,659 ) (4,525 ) (10,184 ) Balance as of June 30, 2016 $ (18,848 ) $ — $ (18,848 ) (a) These amounts are components of net periodic pension cost (income), and prior to the Employee Transfer on March 1, 2016, NuStar Energy reimbursed us for these employee costs. (b) Represents the balance of accumulated other comprehensive loss related to the unrecognized components of net periodic benefit cost (income), net of income tax expense of $2.4 million , that was transferred to NuStar Services Co in connection with the Employee Transfer as described in Notes 3 and 11.
Our cash distributions applicable to the period in which the distributions were earned	The following table summarizes our cash distributions applicable to the period in which the distributions were earned: Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 (Thousands of Dollars, Except Per Unit Data) Cash distributions per unit $ 0.545 $ 0.545 $ 1.090 $ 1.090 Total cash distributions $ 23,398 $ 23,388 $ 46,795 $ 46,776
Distributions Made to Limited Liability Company (LLC) Member, by Distribution	The following table summarizes information related to our quarterly cash distributions: Quarter Ended Cash Distributions Per Unit Total Cash Distributions Record Date Payment Date (Thousands of Dollars) June 30, 2016 (a) $ 0.545 $ 23,398 August 9, 2016 August 16, 2016 March 31, 2016 $ 0.545 $ 23,397 May 9, 2016 May 17, 2016 December 31, 2015 $ 0.545 $ 23,397 February 8, 2016 February 16, 2016 (a) The distribution was announced on July 29, 2016 .

ORGANIZATION AND BASIS OF PRE21

ORGANIZATION AND BASIS OF PRESENTATION Narrative (Details)	6 Months Ended
	Jun. 30, 2016shares
Schedule of Equity Method Investments [Line Items]
Percent ownership in NuStar Energy	15.00%
General partner interest percentage	2.00%
Percent of incentive distribution rights issued by NuStar Energy	100.00%
Maximum percentage of cash distributed by NuStar Energy	23.00%
Common units of NuStar Energy	10,214,626

INVESTMENT IN NUSTAR ENERGY Nar

INVESTMENT IN NUSTAR ENERGY Narrative (Details) - NuStar Energy [Member] - Linden Acquisition [Member]	Jan. 02, 2015
Schedule of Equity Method Investments [Line Items]
Equity method investment acquisition, ownership interest before transaction	50.00%
Equity method investment acquisition, ownership interest after transaction	100.00%

INVESTMENT IN NUSTAR ENERGY Tab

INVESTMENT IN NUSTAR ENERGY Table 1 (Details) - NuStar Energy [Member] - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Equity Method Investment, Summarized Financial Information, Assets [Abstract]
Current assets	$ 313,158	$ 333,851
Property, plant and equipment, net	3,674,372	3,683,571
Goodwill	696,637	696,637
Other non-current assets	371,052	411,466
Total assets	5,055,219	5,125,525
Equity Method Investment, Summarized Financial Information, Liabilities and Equity [Abstract]
Current liabilities	194,276	332,213
Long-term debt	3,205,693	3,055,612
Other non-current liabilities	165,355	127,856
Total liabilities	3,565,324	3,515,681
NuStar Energy partners' equity	1,489,895	1,609,844
Total liabilities and partners’ equity	$ 5,055,219	$ 5,125,525

INVESTMENT IN NUSTAR ENERGY T24

INVESTMENT IN NUSTAR ENERGY Table 2 (Details) - NuStar Energy [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Statement of Comprehensive Income Information:
Revenues	$ 437,804	$ 570,611	$ 843,507	$ 1,125,555
Operating income	91,217	92,405	185,782	191,686
Income from continuing operations	52,517	54,325	109,918	181,450
Income from discontinued operations, net of tax	0	0	0	774
Net income	$ 52,517	$ 54,325	$ 109,918	$ 182,224

INVESTMENT IN NUSTAR ENERGY T25

INVESTMENT IN NUSTAR ENERGY Table 3 (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Reconcilliation of NuStar Energy’s total partners’ equity to our investment in NuStar Energy
NuStar GP Holdings’ ownership interest in NuStar Energy	15.00%
NuStar GP Holdings’ share of NuStar Energy’s partners’ equity	$ 221,994	$ 239,867
Step-up in basis related to NuStar Energy’s assets and liabilities, including equity method goodwill, and other	63,886	66,827
Investment in NuStar Energy	285,880	306,694
NuStar Energy [Member]
Reconcilliation of NuStar Energy’s total partners’ equity to our investment in NuStar Energy
NuStar Energy’s partners’ equity	$ 1,489,895	$ 1,609,844
NuStar GP Holdings’ ownership interest in NuStar Energy	14.90%	14.90%

RELATED PARTY TRANSACTIONS Narr

RELATED PARTY TRANSACTIONS Narrative 1 (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Related Party Transactions [Abstract]
Holdco Administrative Services Expense	$ 0.4	$ 0.2	$ 0.9

RELATED PARTY TRANSACTIONS Tabl

RELATED PARTY TRANSACTIONS Table 1 (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Related Party Transactions [Abstract]
Expenses for payroll, employee benefit plans and unit-based compensation	$ 0	$ 52,188	$ 32,053	$ 100,734
Other expenses	$ 0	$ 89	$ 121	$ 218

RELATED PARTY TRANSACTIONS Na28

RELATED PARTY TRANSACTIONS Narrative 2 (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Related Party Transactions [Abstract]
Amended GP Services Agreement, Description			The Amended GP Services Agreement provides that NuStar Services Co will furnish administrative services necessary to conduct our business. We will compensate NuStar Services Co for these services through an annual fee of $1.0 million, subject to adjustment based on the annual merit increase percentage applicable to NuStar Services Co employees for the most recently completed fiscal year and for changes in level of service.
Amended GP Services Agreement Services Expense	$ 250	$ 0	$ 333	$ 0

RELATED PARTY TRANSACTIONS Ta29

RELATED PARTY TRANSACTIONS Table 2 (Details) - USD ($) $ in Thousands	Mar. 01, 2016	Jun. 30, 2016	Jun. 30, 2015
Decrease in related party receivable:
Current	$ 16,014
Long-term	32,656	$ 898	$ 3,904
Decrease in related party receivable	48,670
Decreases to our consolidated balance sheet:
Current and long-term assets	(506)
Current liabilities	10,933
Other long-term liabilities	34,042
Accumulated other comprehensive loss	4,201
Decrease in related party receivable	$ 48,670

RELATED PARTY TRANSACTIONS Na30

RELATED PARTY TRANSACTIONS Narrative 3 (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Related Party Transactions [Abstract]
Payable to related party	$ 186	$ 0
Receivable from related party	0	14,799
Long-term receivable from related party	$ 0	$ 32,080

DISTRIBUTIONS FROM NUSTAR ENE31

DISTRIBUTIONS FROM NUSTAR ENERGY Table 1 (Details) - NuStar Energy [Member] - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
The allocation of NuStar Energy’s cash distributions earned for the periods indicated among its general and limited partners
General partner interest	$ 1,961			$ 1,961	$ 3,922	$ 3,922
General partner incentive distribution	10,805			10,805	21,610	21,610
Total general partner distribution	12,766			12,766	25,532	25,532
Limited partner distribution	11,185			11,212	22,329	22,528
Total distributions to NuStar GP Holdings	23,951			23,978	47,861	48,060
Public unitholders’ distributions	74,100			74,073	148,241	148,042
Total cash distributions	$ 98,051	$ 98,051	$ 98,051	$ 98,051	$ 196,102	$ 196,102
Cash distributions per unit applicable to limited partners	$ 1.095	$ 1.095	$ 1.095	$ 1.095	$ 2.190	$ 2.190

DISTRIBUTIONS FROM NUSTAR ENE32

DISTRIBUTIONS FROM NUSTAR ENERGY Table 2 (Details) - NuStar Energy [Member] - USD ($) $ / shares in Units, $ in Thousands	Jul. 29, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Distributions from NuStar Energy (dates and totals)
NuStar Energy's cash distributions per unit applicable to limited partners (distribution earned)		$ 1.095	$ 1.095	$ 1.095	$ 1.095	$ 2.190	$ 2.190
NuStar Energy's total cash distributions (distribution earned)		$ 98,051	$ 98,051	$ 98,051	$ 98,051	$ 196,102	$ 196,102
NuStar Energy's distribution date of record (distribution earned)		Aug. 9, 2016	May 9, 2016	Feb. 8, 2016
NuStar Energy's distribution payment date (distribution earned)		Aug. 12, 2016	May 13, 2016	Feb. 12, 2016
Subsequent Event [Member]
Distributions from NuStar Energy (dates and totals)
NuStar Energy's distribution announcement date (distribution earned)	Jul. 29, 2016

FAIR VALUE MEASUREMENTS Narrati

FAIR VALUE MEASUREMENTS Narrative (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Level 1 [Member]
Fair Value, Liabilities Measured on Recurring Basis, Financial Statement Captions [Line Items]
NuStar Energy restricted units and performance awards	$ 0	$ 3,800,000

STATEMENTS OF CASH FLOWS Table

STATEMENTS OF CASH FLOWS Table 1 (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Decrease (increase) in current assets:
Receivable from related party, net	$ (1,124)	$ (5,018)
Income tax receivable	0	52
Other receivables	(32)	91
Other current assets	(53)	149
Increase (decrease) in current liabilities:
Accounts payable	(203)	(208)
Accrued compensation expense	(1,339)	4,281
Accrued liabilities	(9)	(77)
Taxes other than income tax	(1,653)	(907)
Changes in current assets and current liabilities	$ (4,413)	$ (1,637)

STATEMENTS OF CASH FLOWS Tabl35

STATEMENTS OF CASH FLOWS Table 2 (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash flows related to interest and income tax
Cash paid for interest	$ 418	$ 350
Cash paid (refunded) for income tax	$ 2	$ (52)

CREDIT FACILITY Narrative (Deta

CREDIT FACILITY Narrative (Details) - USD ($)	6 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Line of Credit Facility [Line Items]
General partner interest percentage	2.00%
Outstanding borrowings	$ 30,000,000	$ 26,000,000
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Borrowing capacity	50,000,000
Letters of credit capacity	$ 10,000,000
Collateral	Our obligations under our revolving credit facility are guaranteed by a wholly owned subsidiary of NuStar GP Holdings, LLC, Riverwalk Holdings, LLC (Riverwalk). Riverwalk has pledged a total of 2,107,918 NuStar Energy common units that it owns to secure its guarantee.
Outstanding borrowings	$ 30,000,000
Borrowing availability	$ 20,000,000
Weighted-average interest rate	2.50%
Revolving Credit Facility [Member] | NuStar Energy Consolidated Debt Coverage Ratio [Member]
Line of Credit Facility [Line Items]
Covenant terms	Our revolving credit facility requires that NuStar Energy's consolidated debt coverage ratio (as defined in our revolving credit agreement) not exceed 5.00-to-1.00.
Revolving Credit Facility [Member] | Cash Distributions Covenant [Member]
Line of Credit Facility [Line Items]
Covenant terms	We are also required to receive cash distributions each fiscal quarter of at least $16.0 million in respect of our ownership interests in NuStar Energy.

MEMBERS' EQUITY Table 1 (Detail

MEMBERS' EQUITY Table 1 (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Changes in Members' Equity [Roll Forward]
Balance as of January 1, 2016			$ 287,070
Net income	$ 15,073	$ 15,527	31,749	$ 42,332
Distributions to unitholders			(46,794)	$ (46,791)
Other comprehensive income (loss)			(10,184)
Unit-based compensation expense			309
Balance as of June 30, 2016	$ 262,150		$ 262,150

MEMBERS' EQUITY Table 2 (Detail

MEMBERS' EQUITY Table 2 (Details) - USD ($) $ in Thousands	Mar. 01, 2016	Jun. 30, 2016
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance as of January 1, 2016		$ (8,664)
Employee Transfer (b)	$ (4,201)
Other comprehensive loss		(10,184)
Balance as of June 30, 2016		(18,848)
Share of NuStar Energy's Other Comprehensive Income (Loss) [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance as of January 1, 2016		(13,189)
Other comprehensive loss before reclassification adjustments		(5,659)
Amounts reclassified to general and administrative expenses (a)		0
Employee Transfer (b)		0
Other comprehensive loss		(5,659)
Balance as of June 30, 2016		(18,848)
Pension and Other Postretirement Benefit Plan Adjustments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance as of January 1, 2016		4,525
Other comprehensive loss before reclassification adjustments		0
Amounts reclassified to general and administrative expenses (a)		(324)
Employee Transfer (b)		(4,201)
Other comprehensive loss		(4,525)
Balance as of June 30, 2016		0
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, Tax [Abstract]
Tax effect of Employee Transfer	$ 2,400
Accumulated Other Comprehensive Income (Loss) [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance as of January 1, 2016		(8,664)
Other comprehensive loss before reclassification adjustments		(5,659)
Amounts reclassified to general and administrative expenses (a)		(324)
Employee Transfer (b)		(4,201)
Other comprehensive loss		(10,184)
Balance as of June 30, 2016		$ (18,848)

MEMBERS' EQUITY Table 3 (Detail

MEMBERS' EQUITY Table 3 (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Our cash distributions applicable to the period in which the distributions were earned
Cash distributions per unit	$ 0.545	$ 0.545	$ 0.545	$ 0.545	$ 1.090	$ 1.090
Total cash distributions	$ 23,398	$ 23,397	$ 23,397	$ 23,388	$ 46,795	$ 46,776

MEMBERS' EQUITY Table 4 (Detail

MEMBERS' EQUITY Table 4 (Details) - USD ($) $ / shares in Units, $ in Thousands	Jul. 29, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Cash distributions per unit applicable to members (distribution earned)		$ 0.545	$ 0.545	$ 0.545	$ 0.545	$ 1.090	$ 1.090
Total cash distributions (distribution earned)		$ 23,398	$ 23,397	$ 23,397	$ 23,388	$ 46,795	$ 46,776
Distribution date of record (distribution earned)		Aug. 9, 2016	May 9, 2016	Feb. 8, 2016
Distribution payment date (distribution earned)		Aug. 16, 2016	May 17, 2016	Feb. 16, 2016
Subsequent Event [Member]
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Distribution announcement date (distribution earned)	Jul. 29, 2016

NET INCOME PER UNIT Narrative (

NET INCOME PER UNIT Narrative (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Earnings Per Unit [Abstract]
Dilutive securities outstanding	0	0	0	0

EMPLOYEE BENEFIT PLANS AND UN42

EMPLOYEE BENEFIT PLANS AND UNIT-BASED COMPENSATION Narrative (Details) - USD ($)	Mar. 01, 2016	Jun. 30, 2016
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]
Employee benefit plans, obligations transferred	$ 32,700,000
Employee benefit plans, amounts recognized in balance sheet		$ 0
Accumulated other comprehensive loss impact of Employee Transfer	$ 4,201,000
Unit-based awards transferred	688,647