Last $79.04 USD
Change Today +0.04 / 0.05%
Volume 190.6K
BPL On Other Exchanges
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As of 3:35 PM 09/2/14 All times are local (Market data is delayed by at least 15 minutes).

buckeye partners lp (BPL) Snapshot

Open
$78.87
Previous Close
$79.00
Day High
$79.21
Day Low
$78.45
52 Week High
07/24/14 - $84.91
52 Week Low
10/10/13 - $62.00
Market Cap
9.4B
Average Volume 10 Days
356.3K
EPS TTM
$2.97
Shares Outstanding
118.8M
EX-Date
08/14/14
P/E TM
26.6x
Dividend
$4.45
Dividend Yield
5.54%
Current Stock Chart for BUCKEYE PARTNERS LP (BPL)

buckeye partners lp (BPL) Related Businessweek News

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buckeye partners lp (BPL) Details

Buckeye Partners, L.P. owns and operates liquid petroleum products pipeline systems in the United States. The company operates through four segments: Pipelines & Terminals, Global Marine Terminals, Merchant Services, and Development & Logistics. The Pipelines & Terminals segment transports liquid petroleum products, including gasoline, jet fuel, diesel fuel, heating oil, and kerosene; and refined petroleum products, such as propane and butane, refinery feedstock, and blending components, as well as crude oil. This segment owns and operates approximately 6,000 miles of pipeline serving approximately 110 delivery locations; and 115 active terminals that provide bulk storage and throughput services with aggregate storage capacity of approximately 55 million barrels. The Global Marine Terminals segment provides marine terminal throughput services, marine bulk storage, and other related services through 6 liquid petroleum product terminals located in The Bahamas, Puerto Rico, and St. Lucia in the Caribbean; and the New York Harbor in the continental United States. The Merchant Services segment is involved in the wholesale distribution of refined petroleum products, including gasoline; propane; ethanol; biodiesel; and petroleum distillates, such as heating oil, diesel fuel, and kerosene. The Development & Logistics segment offers operations, pipeline construction management, turn-key operations and maintenance, asset development, and construction services for third-party pipeline and energy assets. This segment owns and operates 2 underground propane storage caverns with approximately 800,000 barrels of throughput and storage capability in Indiana and Illinois; and a 30-mile ammonia pipeline and 25 miles of pipeline in Texas. Buckeye GP LLC serves as the general partner of the company. Buckeye Partners, L.P. was founded in 1886 and is headquartered in Houston, Texas.

Founded in 1886

buckeye partners lp (BPL) Top Compensated Officers

Chief Executive Officer of Buckeye GP LLC, Pr...
Total Annual Compensation: $943.9K
Chief Financial Officer of Buckeye Gp Llc and...
Total Annual Compensation: $611.1K
Senior Vice President of Buckeye GP LLC and P...
Total Annual Compensation: $486.7K
President of International Pipelines & Termin...
Total Annual Compensation: $466.5K
Compensation as of Fiscal Year 2013.

buckeye partners lp (BPL) Key Developments

Buckeye Partners, L.P. Presents at 2014 Citi One-on-One MLP / Midstream Infrastructure Conference, Aug-19-2014

Buckeye Partners, L.P. Presents at 2014 Citi One-on-One MLP / Midstream Infrastructure Conference, Aug-19-2014 . Venue: Encore at Wynn Las Vegas, 3121 Las Vegas Boulevard South, Las Vegas, NV 89109, United States.

Buckeye Partners, L.P. Declares Cash Distribution for the Quarter Ended June 30, 2014, Payable on August 25, 2014

Buckeye Partners, L.P. announced that its general partner declared a cash distribution of $1.1125 per limited partner unit for the quarter ended June 30, 2014. The distribution will be payable on August 25, 2014, to unitholders of record on August 18, 2014. This cash distribution represents an almost 5% increase over the $1.0625 per LP Unit distribution declared for the quarter ended June 30, 2013.

Buckeye Partners, L.P. Announces Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Capital Expenditure Guidance for 2014

Buckeye Partners, L.P. announced unaudited consolidated financial results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenue of $1,808,951,000 against $993,588,000 a year ago. Operating income was $102.166 million against $113.971 million a year ago. Income from continuing operations before taxes was $62.092 million against $85.885 million a year ago. Income from continuing operations was $61.939 million or $0.53 per diluted share against $85.690 million or $0.80 per diluted share a year ago. Net income attributable to the company was $23.020 million or $0.20 per diluted share against $76.430 million or $0.72 per diluted share a year ago. Adjusted EBITDA from continuing operations was $150.788 million against $153.829 million a year ago. Maintenance capital expenditures were $17.139 million against $13.016 million a year ago. This increase in maintenance capital during the quarter is primarily timing related, as it experienced delays in starting projects in the first half of 2013. Distributable cash flow from continuing operations was $94.423 million against $112.113 million a year ago. For the six months, the company reported total revenue of $3,800,780,000 against $2,324,666,000 a year ago. Operating income was $243.439 million against $237.447 million a year ago. Income from continuing operations before taxes was $163.554 million against $180.842 million a year ago. Income from continuing operations was $163.478 million or $1.39 per diluted share against $180.516 million or $1.70 per diluted share a year ago. Net income attributable to the company was $113.488 million or $0.98 per diluted share against $165.771 million or $1.58 per diluted share a year ago. Adjusted EBITDA from continuing operations was $339.412 million against $314.060 million a year ago. Maintenance capital expenditures were $35.772 million against $18.140 million a year ago. Distributable cash flow from continuing operations was $226.218 million against $237.707 million a year ago. Looking forward, the company expects to spend $75 million to $95 million on maintenance capital in 2014, with the increase due to the spending required on terminals acquired from Hess. Spending on its legacy assets is expected to be largely in line with 2013 spending. The company also expects to spend $260 million to $290 million on growth capital projects on a consolidated basis in 2014.

 

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BPL

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Valuation BPL Industry Range
Price/Earnings 27.1x
Price/Sales 1.4x
Price/Book 3.1x
Price/Cash Flow 34.9x
TEV/Sales 0.9x
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