Last $78.19 USD
Change Today +0.21 / 0.27%
Volume 355.0K
BPL On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 1:49 PM 10/23/14 All times are local (Market data is delayed by at least 15 minutes).

buckeye partners lp (BPL) Snapshot

Open
$78.21
Previous Close
$77.98
Day High
$79.16
Day Low
$77.79
52 Week High
07/24/14 - $84.91
52 Week Low
10/14/14 - $63.77
Market Cap
9.9B
Average Volume 10 Days
942.6K
EPS TTM
$2.97
Shares Outstanding
126.0M
EX-Date
08/14/14
P/E TM
26.3x
Dividend
$4.45
Dividend Yield
5.60%
Current Stock Chart for BUCKEYE PARTNERS LP (BPL)

buckeye partners lp (BPL) Related Businessweek News

No Related Businessweek News Found

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., Buckeye Energy Services LLC, Buckeye Caribbean Terminals LLC and Buckeye West Indies Holdings LP Enters into Credit Agreement with SunTrust Bank

On September 30, 2014, Buckeye Partners, L.P., Buckeye Energy Services LLC, Buckeye Caribbean Terminals LLC and Buckeye West Indies Holdings LP entered into a credit agreement with SunTrust Bank, as administrative agent and the other lenders from time to time party thereto (the Lenders), replacing the existing credit agreement. The new credit agreement has a scheduled maturity date of September 30, 2019, with an option for the borrowers to extend the term for two successive one-year periods, which extended terms will apply to any lender who consents to such extension and any lender replacing a non-consenting lender. Pursuant to the new credit agreement, the lenders have committed to provide advances up to an aggregate principal amount of $1,500,000,000 at any one time outstanding, and the borrowers have the option to request increases in the aggregate commitments provided that the aggregate commitments never exceed $2,000,000,000. For any such increase, the borrowers may ask one or more lenders to increase their existing commitments and/or invite additional eligible lenders to become lenders under the new credit agreement. As part of the aggregate commitments under the facility, the new credit agreement provides for letters of credit to be issued at the request of the borrowers in an aggregate amount not to exceed a $500,000,000 sublimit and for swing line loans to be issued at the request of the borrowers in an aggregate amount not to exceed a $150,000,000 sublimit. Interest accrues on advances at a LIBOR rate or a base rate plus an applicable margin based on the election of the applicable borrower for each interest period. The issuing fees for all letters of credit are also based on an applicable margin. The applicable margin used in connection with interest rates and fees is based on the credit ratings assigned to the senior, unsecured long-term debt securities of BPL. The applicable margin for LIBOR rate loans, swing line loans, and letter of credit fees ranges from 1.0% to 1.75% and the applicable margin for base rate loans ranges from 0% to 0.75%. The borrowers will also pay a fee based on BPL's credit ratings on the actual daily unused amount of the aggregate commitments. Immediately after entering into the new credit agreement, the borrowers borrowed approximately $230,000,000 under such new credit.

Buckeye Partners Prices $600 Million Offering of Senior Notes

Buckeye Partners L.P (BPL) announced that it has priced an offering of $600 million aggregate principal amount of senior unsecured notes, including $300 million 4.35% senior notes due 2024 and $300 million 5.60% senior notes due 2044 at 99.825% and 99.876% of par, respectively. The company expects the offering to close on September 12, 2014, subject to customary closing conditions. it expects to receive net proceeds after deducting the underwriting discount and offering expenses in connection with the offering of approximately $598.4 million. BPL intends to use the net proceeds from the offering to fund a portion of the purchase price of the previously announced transaction with Trafigura Corpus Christi Holdings Inc. and related expenses; to fund the redemption of all $275 million aggregate principal amount of its outstanding 5.300% Notes due October 15, 2014; and for general partnership purposes, including the settlement of existing interest rate swaps and prepayment of amounts due under its credit facility.

Buckeye Partners Mulls Acquisitions

Buckeye Partners, L.P. (NYSE:BPL) is seeking acquisitions. Buckeye Partners, L.P. has announced a Fixed-Income Offering and intends to use the proceeds for general partnership purposes, including repayment of debt, acquisitions and capital expenditures and additions to working capital.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
BPL:US $78.15 USD +0.17

BPL Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Atmos Energy Corp $52.33 USD +0.91
CenterPoint Energy Inc $23.94 USD +0.42
Murphy Oil Corp $53.20 USD +1.15
Targa Resources Partners LP $63.93 USD +0.15
UGI Corp $36.87 USD +0.71
View Industry Companies
 

Industry Analysis

BPL

Industry Average

Valuation BPL Industry Range
Price/Earnings 26.7x
Price/Sales 1.4x
Price/Book 3.0x
Price/Cash Flow 36.9x
TEV/Sales 0.9x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact BUCKEYE PARTNERS LP, please visit www.buckeye.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.