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Last $80.68 USD
Change Today +0.68 / 0.85%
Volume 136.5K
BPL On Other Exchanges
Symbol
Exchange
Frankfurt
As of 2:11 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

buckeye partners lp (BPL) Snapshot

Open
$79.55
Previous Close
$80.00
Day High
$80.75
Day Low
$79.55
52 Week High
11/21/14 - $85.14
52 Week Low
10/14/14 - $63.77
Market Cap
10.3B
Average Volume 10 Days
441.8K
EPS TTM
$3.07
Shares Outstanding
127.3M
EX-Date
05/7/15
P/E TM
26.3x
Dividend
$4.60
Dividend Yield
5.62%
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 located primarily in the northeastern and upper midwestern portions of the United States, and services 110 delivery locations; and 116 active terminals that provide bulk storage and throughput services with aggregate storage capacity of 55 million barrels. The Global Marine Terminals segment provides marine terminal throughput services, marine bulk storage, and other related services through 7 liquid petroleum product terminals located in The Bahamas, Puerto Rico, and St. Lucia in the Caribbean; and the New York Harbor and Corpus Christi, Texas in the United States. The Merchant Services segment is involved in the wholesale distribution of refined petroleum products, including gasoline, propane, ethanol, and biodiesel, as well as petroleum distillates, such as heating oil, diesel fuel, kerosene, and fuel oil. The Development & Logistics segment offers pipeline construction management, turnkey 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 based in Houston, Texas.

290 Employees
Last Reported Date: 02/26/15
Founded in 1886

buckeye partners lp (BPL) Top Compensated Officers

Chairman of Buckeye GP LLC, Chief Executive O...
Total Annual Compensation: $756.7K
Chief Financial Officer of Buckeye Gp Llc and...
Total Annual Compensation: $482.7K
Senior Vice President of Buckeye GP LLC and P...
Total Annual Compensation: $412.0K
Senior Vice President of Buckeye GP LLC and P...
Total Annual Compensation: $412.0K
Senior Vice President of Buckeye GP LLC, Gene...
Total Annual Compensation: $349.8K
Compensation as of Fiscal Year 2014.

buckeye partners lp (BPL) Key Developments

Buckeye Partners, L.P. Presents at NAPTP 2015 MLP Investor Conference, May-20-2015

Buckeye Partners, L.P. Presents at NAPTP 2015 MLP Investor Conference, May-20-2015 . Venue: Hyatt Regency, Orlando, Florida, United States.

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.

 

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Industry Analysis

BPL

Industry Average

Valuation BPL Industry Range
Price/Earnings 28.3x
Price/Sales 1.8x
Price/Book 2.7x
Price/Cash Flow 20.1x
TEV/Sales 1.1x
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