BPL - Buckeye Partners, L.P.

NYSE - NYSE Delayed Price. Currency in USD
41.02
+0.01 (+0.02%)
At close: 4:08PM EDT
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Previous Close41.01
Open41.08
Bid35.75 x 800
Ask41.03 x 1400
Day's Range40.99 - 41.10
52 Week Range25.71 - 42.65
Volume2,735,129
Avg. Volume1,811,409
Market Cap6.314B
Beta (3Y Monthly)0.30
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield3.00 (7.32%)
Ex-Dividend Date2019-08-09
1y Target EstN/A
Trade prices are not sourced from all markets
  • Buckeye Partners L.P. (BPL) Upgraded to Buy: What Does It Mean for the Stock?
    Zacks

    Buckeye Partners L.P. (BPL) Upgraded to Buy: What Does It Mean for the Stock?

    Buckeye Partners L.P. (BPL) has been upgraded to a Zacks Rank 2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

  • Settlement may allow Midwest refiners to transfer fuel eastward
    American City Business Journals

    Settlement may allow Midwest refiners to transfer fuel eastward

    A settlement agreement has been reached that will allow midwest refiners to use Buckeye Partners' Laurel pipeline, a 350-mile pipeline that has only flowed westward from Philadelphia.

  • Buckeye Partners' (BPL) Q2 Earnings Beat, Revenues Miss
    Zacks

    Buckeye Partners' (BPL) Q2 Earnings Beat, Revenues Miss

    Buckeye Partners' (BPL) total revenues in Q2 lag expectation due to lower contribution from the reportable segments.

  • Houston hosts two out of three largest US oil and gas deals of Q2
    American City Business Journals

    Houston hosts two out of three largest US oil and gas deals of Q2

    The Oxy-Anadarko deal accounted for more than half of the total value of oil and gas deals announced in the U.S. during the second quarter.

  • Houston-based MLP calls shareholders to approve multibillion-dollar buyout
    American City Business Journals

    Houston-based MLP calls shareholders to approve multibillion-dollar buyout

    At the end of the month, Houston-based Buckeye Partners LP (NYSE: BPL) will ask shareholders to approve of an impending multibillion-dollar buyout that would take it off public markets. Buckeye has set a meeting for July 31 where shareholders will decide whether the midstream master limited partnership can move forward with its upcoming sale to a fund managed by IFM Investors, according to filings with the U.S. Securities and Exchange Commission. The company reached an agreement with IFM in May, but its shareholders need to approve the deal if it is to move forward.

  • Buckeye buyout could land execs millions in golden parachutes
    American City Business Journals

    Buckeye buyout could land execs millions in golden parachutes

    The top executive could take home $2.05 million in cash and benefits, along with nearly $17 million in accelerated equity, thanks to IFM Investors' acquisition of Buckeye.

  • Outlook for Oil & Gas Pipeline MLP Industry Looks Bright
    Zacks

    Outlook for Oil & Gas Pipeline MLP Industry Looks Bright

    Outlook for Oil & Gas Pipeline MLP Industry Looks Bright

  • Better Buy: Buckeye Partners vs. Enterprise Products Partners L.P.
    Motley Fool

    Better Buy: Buckeye Partners vs. Enterprise Products Partners L.P.

    One offers a fairly certain return, but the other is probably still the better choice for most investors

  • Buckeye Partners L.P. (BPL) Up 25.1% Since Last Earnings Report: Can It Continue?
    Zacks

    Buckeye Partners L.P. (BPL) Up 25.1% Since Last Earnings Report: Can It Continue?

    Buckeye Partners L.P. (BPL) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Reuters

    Airlines complain about rates to ship jet fuels on Buckeye's pipeline

    By Stephanie Kelly NEW YORK, June 6 (Reuters) - Major airline companies have complained to U.S. regulators about fees to ship jet fuel on Buckeye Pipe Line Company's refined products line to New York City area airports, saying they have each overpaid between $900,000 and $1.7 million. American Aviation Supply LLC, Delta Air Lines Inc, JetBlue Airways Corp and United Airlines called Buckeye's rates "unjust and unreasonable," according to a complaint to the Federal Energy Regulatory Commission dated on Wednesday. The company in 2018 over-recovered its cost of service by about 16.6%, the complaint added. Each complainant overpaid between $0.9 million and $1.7 million from May 1, 2017 to April 30, 2019, the complaint said.

  • Where Will Buckeye Partners Be in 1 Year?
    Motley Fool

    Where Will Buckeye Partners Be in 1 Year?

    The quick answer is that Buckeye won't exist in a year if everything goes as planned. But what you do about it is the real question.

  • Why Units of Buckeye Partners Rocketed Nearly 22% in May
    Motley Fool

    Why Units of Buckeye Partners Rocketed Nearly 22% in May

    The master limited partnership got an offer it couldn’t refuse.

  • Thomson Reuters StreetEvents

    Edited Transcript of BPL earnings conference call or presentation 10-May-19 3:00pm GMT

    Q1 2019 Buckeye Partners LP Earnings Call

  • Should Value Investors Pick Buckeye Partners (BPL) Stock?
    Zacks

    Should Value Investors Pick Buckeye Partners (BPL) Stock?

    Is Buckeye Partners (BPL) a great pick from the value investor's perspective right now? Read on to know more.

  • Deal of the Week: Houston-based MLP to go private in multibillion-dollar buyout
    American City Business Journals

    Deal of the Week: Houston-based MLP to go private in multibillion-dollar buyout

    “As a private company, we will have access to the resources and long-term commitment needed to better pursue new capital investment in existing assets and targeted acquisition opportunities as our sector continues to evolve, including further geographic and product diversification,” the CEO said of the deal.

  • Moody's

    Buckeye Partners, L.P. -- Moody's reviews Buckeye Partners' Baa3/Ba1 ratings for downgrade

    Moody's Investors Service ("Moody's") placed Buckeye Partners, L.P.'s (Buckeye) Baa3 senior unsecured rating and Ba1 junior subordinated notes rating on review for downgrade. "The review for downgrade will evaluate the possibility that Buckeye's leverage will increase and the financial policy become less conservative once the going private transaction closes, among other considerations" said Arvinder Saluja, Moody's Vice-President.

  • Buckeye Partners L P (BPL) Q1 2019 Earnings Call Transcript
    Motley Fool

    Buckeye Partners L P (BPL) Q1 2019 Earnings Call Transcript

    BPL earnings call for the period ending March 31, 2019.

  • Why Buckeye Partners, Guardant Health, and Chico's FAS Jumped Today
    Motley Fool

    Why Buckeye Partners, Guardant Health, and Chico's FAS Jumped Today

    Earnings and acquisition activity helped make these stocks stand out.

  • ETF Trends

    MLP ETFs Climb as IFM Investor Buys Out Buckeye Partners

    Master limited partnerships and energy infrastructure sector-related exchange traded funds stood out Friday after Australian-based IFM Investors agreed to buyout Buckeye Partners (NYSE: BPL) for $6.5 billion. ...

  • InvestorPlace

    Buckeye Partners News: BPL Stock Skyrockets on Buyout

    Buckeye Partners (NYSE:BPL) announced that the company is being bought out by IFM Investors, which played a role in BPL stock skyrocketing more than 25% on Friday.The Houston, Texas-based business said today that it will be acquired in an all-cash deal that has an enterprise value of $10.3 billion, as well as equity value of $6.5 billion. The move will see IFM pay Buckeye roughly $41.50 per the latter's unit, which amounts to about a 27.5% premium over Buckeye's closing unit price on May 9.This amount also tallied up to roughly a 31.9% premium over its volume-weighted average unit price since Nov. 1, which is the last trading that transpired before Buckeye said it was weighing strategic options. Buckeye's portfolio includes a network of integrated midstream assets.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThis network has 6,000 miles of pipeline that includes over 100 delivery locations, as well as 115 liquid petroleum products terminals with aggregate tank capacity that surpasses the mark of 118 million barrels. The company's network of marine terminals can be mostly found in the East Coast, as well as the Gulf Coast regions and the Caribbean.Buckeye has close to 2,000 employees located around the U.S. and it has a number of subsidiaries across the nation.BPL stock is up roughly 28.1% on Friday following the news, bringing the stock price of the company to $41.70 per share. Nevertheless, shares are down roughly 22% throughout the last 12 months through Thursday. More From InvestorPlace * 10 Great Stocks to Buy on Dips * 7 Dangerous Dividend Stocks to Stay Far Away From * 7 Cloud Stocks to Buy on Overcast Days Compare Brokers The post Buckeye Partners News: BPL Stock Skyrockets on Buyout appeared first on InvestorPlace.

  • $10.3B midstream deal could mark buyout trend
    American City Business Journals

    $10.3B midstream deal could mark buyout trend

    Disconnect between public and private valuations of MLPs could lead to more midstream buyouts, analysts say.

  • Global infrastructure fund to acquire Houston-based MLP for $6.5B
    American City Business Journals

    Global infrastructure fund to acquire Houston-based MLP for $6.5B

    IFM Investors, a global institutional funds manager, plans to acquire Houston-based master limited partnership Buckeye Partners LP (NYSE: BPL) in a multibillion-dollar all-cash deal. IFM Global Infrastructure Fund will acquire Buckeye for $41.50 per common unit, according to a May 10 press release.

  • Buckeye Partners' (BPL) Q1 Earnings Miss, Revenues Beat
    Zacks

    Buckeye Partners' (BPL) Q1 Earnings Miss, Revenues Beat

    Buckeye Partners (BPL) surpasses Q1 revenue estimates. Today, it enters into a deal, under which the IFM Global Infrastructure Fund will acquire all outstanding public common units of the firm.

  • Why Units of Buckeye Partners Are Skyrocketing Today
    Motley Fool

    Why Units of Buckeye Partners Are Skyrocketing Today

    The master limited partnership is being acquired.