Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

May 28, 2015 9:26 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Buckeye Partners, L.P.

Company Overview

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 located primarily in the northeastern and upper midwestern portions of the United States, and services 110 delivery ...

One Greenway Plaza

Suite 600

Houston, TX 77046

United States

Founded in 1886

290 Employees



Key Executives for Buckeye Partners, L.P.

Chairman of Buckeye GP LLC, Chief Executive Officer of Buckeye GP LLC and President of Buckeye GP LLC
Age: 60
Total Annual Compensation: $756.7K
Chief Financial Officer of Buckeye Gp Llc and Executive Vice President of Buckeye Gp Llc
Age: 57
Total Annual Compensation: $482.7K
Senior Vice President of Buckeye GP LLC and President of Global Marine Terminals - Buckeye GP LLC
Age: 42
Total Annual Compensation: $412.0K
Senior Vice President of Buckeye GP LLC and President of Domestic Pipelines & Terminals Business Unit of Buckeye GP LLC
Age: 50
Total Annual Compensation: $412.0K
Senior Vice President of Buckeye GP LLC, General Counsel of Buckeye GP LLC and Secretary of Buckeye GP LLC
Age: 40
Total Annual Compensation: $349.8K
Compensation as of Fiscal Year 2014.

Buckeye Partners, L.P. Key Developments

Buckeye Partners Declares Quarterly Dividend, Payable on May 18, 2015

Buckeye Partners announced that its general partner declared a quarterly cash dividend of $1.15 per share, up from a previous distribution of $1.1375 per share. The dividend is payable on May 18, 2015 to holders of record on May 11, 2015.

Buckeye Partners, L.P. Announces Unaudited Consolidated Financial Results for the First Quarter Ended March 31, 2015; Provides Distributable Cash Flow Guidance for the Second Quarter, Third Quarter of 2015 and Maintenance Capital Spending Guidance for the Full Year of 2015

Buckeye Partners, L.P. announced unaudited consolidated financial results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenue of $1,088,100,000 against $1,991,829,000 a year ago. Operating income was $151,802,000 against $141,273,000 a year ago. Income from continuing operations before taxes was $112,260,000 against $101,462,000 a year ago. Income from continuing operations was $112,021,000 or $0.88 per diluted share against $101,539,000 or $0.87 per diluted share a year ago. Net income attributable to the company was $111,611,000 or $0.87 per diluted share against $90,468,000 or $0.78 per diluted share a year ago. Adjusted EBITDA from continuing operations was $212,910,000 against $188,624,000 a year ago. Maintenance capital was $19,430,000 compared with $18,704,000 a year ago. Distributable cash flow from continuing operations for the first quarter of 2015 was $155.7 million compared to $131.8 million for the first quarter of 2014. The company provided distributable cash flow guidance for the second quarter, third quarter of 2015 and maintenance capital spending guidance for the full year of 2015. Looking forward, the company expects lower coverage in the second and third quarter due to limited butane blending activity, combined with higher maintenance capital spend as weather conditions improve. For the full year of 2015, the company expects maintenance capital spending to be in the range of $90 million to $110 million with a return capital spending of $440 million to $480 million. Return capital spending includes construction of the new condensate splitter as well as the refrigerated LPG storage at its Texas processing facility, both of which the company expects to be operational in the third quarter of 2015.

Buckeye Partners, L.P. to Report Q1, 2015 Results on May 01, 2015

Buckeye Partners, L.P. announced that they will report Q1, 2015 results at 11:00 AM, US Eastern Standard Time on May 01, 2015

Similar Private Companies By Industry

Company Name Region
NorTex Gas Storage Company, LLC United States
Worldwide Petroleum Company United States
Dakota Plains Transloading, LLC United States
Stone Mining Company United States
Roy M. Ressler & Son United States

Recent Private Companies Transactions

September 2, 2014
Trafigura Terminals LLC

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Buckeye Partners, L.P., please visit 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