BPL - Buckeye Partners, L.P.

NYSE - NYSE Delayed Price. Currency in USD
41.02
-0.16 (-0.39%)
At close: 4:02PM EDT

41.04 +0.02 (0.05%)
After hours: 5:01PM EDT

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Previous Close41.18
Open41.20
Bid41.10 x 3100
Ask41.05 x 2200
Day's Range41.04 - 41.20
52 Week Range25.71 - 42.65
Volume7,908,891
Avg. Volume1,699,607
Market Cap6.325B
Beta (3Y Monthly)0.29
PE Ratio (TTM)N/A
EPS (TTM)-0.62
Earnings DateOct 31, 2019 - Nov 4, 2019
Forward Dividend & Yield3.00 (7.30%)
Ex-Dividend Date2019-08-09
1y Target Est41.63
Trade prices are not sourced from all markets
  • GlobeNewswire

    Buckeye Bahamas Hub (BBH) Resumes Full Operations

    Buckeye Partners, L.P. (“Buckeye”) (BPL) today reported that it resumed full operations at its Buckeye Bahamas Hub (“BBH”) following completion of inspections and necessary repairs of impacts from Hurricane Dorian. “On behalf of the entire company, I want to thank the Buckeye emergency response teams and all of our employees in The Bahamas for their dedicated work to safely restore operations at our Buckeye Bahamas Hub,” said Khalid A. Muslih, Executive Vice President and President of Buckeye’s Global Marine Terminals.

  • Moody's

    Buckeye Partners, L.P. -- Moody's announces completion of a periodic review of ratings of Buckeye Partners, L.P.

    Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Buckeye Partners, L.P. New York, September 16, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Buckeye Partners, L.P. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

  • PR Newswire

    Alerian Index Series September 2019 Index Review

    DALLAS , Sept. 13, 2019 /PRNewswire/ -- Alerian announced the results of the September quarterly review for the Alerian Index Series. All changes will be implemented as of the close of business on Friday, ...

  • GlobeNewswire

    Buckeye Bahamas Hub Partially Restarts Operations

    Buckeye Partners, L.P. (“Buckeye”) (BPL) today reported that it has partially resumed operations at its Buckeye Bahamas Hub (“BBH”) facility following Hurricane Dorian. BBH is now able to accommodate customer vessels at its inland berths for both loading and unloading of petroleum products. “I would like to commend our Buckeye emergency response teams for their tireless efforts to support our employees and their families during the recovery, as well as staying focused on safely resuming full operations at our Buckeye Bahamas Hub,” said Khalid A. Muslih, Executive Vice President and President of Buckeye’s Global Marine Terminals.

  • Moody's

    Moody's: Anadarko, PEMEX among firms whose ratings are close to boundary between investment and speculative grade

    The credit ratings of a substantial number of energy companies in the Americas are currently near the "crossover zone," or the boundary between investment grade and speculative grade, Moody's Investors Service says in a new report. Only seven, however, are in the zone, with potential "rising stars" including US-based exploration and production firm, Anadarko Petroleum and potential "fallen angels" including the Mexican national oil company, PEMEX.

  • GlobeNewswire

    Buckeye Provides Buckeye Bahamas Hub Hurricane Dorian Impact Update

    Buckeye Partners, L.P. (“Buckeye”) (BPL) today reported that it has now accounted for all employees at its Buckeye Bahamas Hub (BBH) facility and continues its focus on relief and recovery. An initial delivery of supplies and other resources, including food, clothing, hygiene stations, and temporary housing, for those BBH employees and their immediate families in need is commencing, and such support and relief efforts will continue in the days ahead. Given the unprecedented nature of Hurricane Dorian and its devastating impact to the residents of Freeport/Grand Bahama Island, Buckeye has also communicated our commitment to relief efforts to the Government of The Bahamas,” stated Clark C. Smith, Chairman, President and Chief Executive Officer.

  • U.S. East Coast Braces for Dorian Chaos as Bahamas Battered
    Bloomberg

    U.S. East Coast Braces for Dorian Chaos as Bahamas Battered

    (Bloomberg) -- The U.S. East Coast from Florida to the Carolinas was bracing for devastating winds and a life-threatening storm surge from Hurricane Dorian as the Category 3 storm wreaks havoc on the Bahamas.Dorian sat just north of Grand Bahama, about 100 miles east of Florida’s West Palm Beach, the National Hurricane Center said in a 3 a.m. advisory. While its winds continue to weaken as it widens out, the storm has inflicted huge damage, killing five on one island, according to Prime Minister Hubert Minnis, who called the destruction a “historic tragedy.”Even if the U.S. mainland dodges a head-on blow as the hurricane follows a track up the east coast over the next few days, that would still bring it “dangerously close” to Florida through Wednesday, according to the NHC. It’s threatening to inundate coastal communities with rain and rising sea levels. In Georgia and the Carolinas, coastline residents are being told to evacuate.Georgia Governor Brian Kemp and South Carolina Governor Henry McMaster ordered residents in coastal areas to flee before Dorian arrives, according to state web sites. North Carolina Governor Roy Cooper said residents in his state should heed evacuation orders from local leaders.“We know that these evacuations are inconvenient, difficult and sometimes costly,” Cooper said in a televised statement. “But we must realize the potential deadly cost of refusing to evacuate when told.”A slow north-westward motion is expected to occur early Tuesday, according to the NHC. The hurricane will then move close to Florida’s east coast late Tuesday through Wednesday evening, very near Georgia and South Carolina coasts Wednesday night and Thursday, and near or over the North Carolina coast late Thursday.While the current forecast keeps Dorian’s center offshore, forecasters are keeping a close eye for changes, according to Ken Graham, the hurricane center’s director. “It doesn’t take much, a little wobble, a little wiggle and you have hurricane-force winds on shore,” he said in a Facebook update.In the meantime, Dorian continues to devastate Grand Bahama, one of the nation’s northernmost islands, and has caused widespread flooding in many of the islands of the northwest and central Bahamas, the National Emergency Management Agency said in a bulletin Monday.Parts of the northern Bahamas are in the “midst of a historic tragedy” Prime Minister Minnis said in a post on Twitter. Based on reports out of Abaco, one of the first islands to be hit, “the devastation is unprecedented,” he said earlier.Dorian will cause at least $25 billion of insurance losses, according to analysts at UBS Group AG, the costliest of any natural disaster since 2017. Depending on whether it hits the eastern coast of Florida in the next few days, the storm could cost as much as $40 billion, they said.An 8-year-old boy drowned in Abaco, his grandmother told local television station Eyewitness News. Authorities have not confirmed the death, the station said. The Bahamas Press said that Grand Bahama International Airport was under 5 feet of water.The damage to some of the region’s large tourist hotels will likely hit revenue in a country where tourism accounts for about half of gross domestic product, said Andrew Stanners, investment director for Aberdeen Standard Investments, which owns the nation’s dollar bonds. The Bahamas has recently taken “strident steps” to improve government finances, which leave it better placed to repair the devastation, he said.There are also two major petroleum terminals in the Bahamas. Buckeye Partners LP operates a large crude and refined products terminal at Freeport, roughly 100 miles from the Florida coast, and Equinor ASA has a terminal in nearby South Riding Point. The Buckeye terminal has a capacity of 26 million barrels of crude, gasoline and diesel, the Equinor terminal has a storage capacity of 6.75 million barrels of crude and condensate.Buckeye media contacts didn’t respond to multiple emails seeking comment. Equinor was in the process of shutting its terminal ahead of Dorian, the company said.The Bahamian government was preparing orders to allow donated relief supplies to move quickly to areas that need it most, local Eyewitness News reported.In Florida, storm surge warnings now extend up the coast into Georgia and forecasters say the ocean, pushed by Dorian, could start inundating the shoreline and rivers by Tuesday.In a briefing, Florida Governor Ron DeSantis said Florida utilities have assembled 17,000 personnel to help restore power quickly as needed. He said 72 nursing homes and assisted living centers along the coast have been evacuated, and hospitals were starting to evacuate as well.Meanwhile, airlines have canceled 1,300 flights within, into and out of the U.S. today, according to FlightAware, a Houston-based airline tracking company. Fort Lauderdale and Orlando are the two hardest hit airports.Mandatory evacuations have been ordered in parts of Florida, Georgia and South Carolina, including for the Mar-a-Lago club owned by U.S. President Donald Trump, which he often uses as a “Winter White House.” While Dorian is forecast to stay offshore there will be extensive damage along the coast from storm surge, high winds and flooding rains.To map assets in Hurricane Dorian’s path, click here.(Adds new wind speed, location of storm in third paragraph.)\--With assistance from Serene Cheong, Sharon Cho, David R. Baker, Will Wade, Todd Shields, Josh Wingrove, Alyza Sebenius, Michael Riley, Bill Lehane, Sheela Tobben, Jonathan Levin and Andrew Janes.To contact the reporters on this story: Brian K. Sullivan in Boston at bsullivan10@bloomberg.net;Matthew Bristow in Bogota at mbristow5@bloomberg.netTo contact the editors responsible for this story: Tina Davis at tinadavis@bloomberg.net, Serene Cheong, Alexander KwiatkowskiFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Why Is Buckeye Partners L.P. (BPL) Down 1.6% Since Last Earnings Report?
    Zacks

    Why Is Buckeye Partners L.P. (BPL) Down 1.6% Since Last Earnings Report?

    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.

  • Earn 5% Yields or More With These Dividend ETFs & Stocks
    Zacks

    Earn 5% Yields or More With These Dividend ETFs & Stocks

    We have highlighted five ETFs and stocks that yield more than 5% in dividends and could be interesting plays for the coming months.

  • 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.

  • GlobeNewswire

    Trafigura and Buckeye Receive First Deliveries of Crude Oil From New Permian Pipeline Construction

    HOUSTON, Aug. 12, 2019 -- Trafigura Trading LLC, (“Trafigura”) and Buckeye Partners, L.P. (“Buckeye”) (NYSE: BPL) announced today that Trafigura has received its first delivery.

  • PR Newswire

    Alerian Reports June 30, 2019 Index Linked Product Positions

    DALLAS , Aug. 9, 2019 /PRNewswire/ -- Alerian reported, as of June 28, 2019 , total products directly tied to and tracking the Alerian indices was $13.7 billion . Exchange traded funds, exchange traded ...

  • 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.

  • GlobeNewswire

    Buckeye Partners, L.P. Reports Second Quarter 2019 Financial Results

    HOUSTON, Aug. 01, 2019 -- Buckeye Partners, L.P. (“Buckeye”) (NYSE: BPL) today reported its financial results for the second quarter of 2019.  Net income attributable to.

  • 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.

  • GlobeNewswire

    Buckeye Partners, L.P. to Release 2019 Second Quarter Financial Results

    HOUSTON, July 25, 2019 -- Buckeye Partners, L.P. (“Buckeye”) (NYSE: BPL) is scheduled to release its 2019 second quarter earnings on August 1, 2019. Due to the pending.

  • 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.

  • WeissLaw LLP Files Class Action Lawsuit Against Buckeye Partners, L.P.
    PR Newswire

    WeissLaw LLP Files Class Action Lawsuit Against Buckeye Partners, L.P.

    NEW YORK, July 8, 2019 /PRNewswire/ -- WeissLaw LLP announced that it has filed a class action in the United States District Court for the Southern District of New York, on behalf of unitholders of Buckeye Partners, L.P. ("Buckeye") (BPL) in connection with the proposed acquisition of Buckeye by IFM Investors Pty Ltd ("IFM Investors") (the "Proposed Transaction").  The class action seeks to pursue remedies under the Securities Exchange Act of 1934 (the "Exchange Act") on behalf of all persons or entities that purchased or otherwise acquired units of Buckeye as of May 10, 2019 and continue to hold units of Buckeye (the "Class Period").

  • PR Newswire

    Faruqi & Faruqi, LLP Announces Filing of a Class Action Lawsuit Against Buckeye Partners, L.P. (BPL)

    NEW YORK, July 8, 2019 /PRNewswire/ -- Notice is hereby given that Faruqi & Faruqi, LLP has filed a class action lawsuit in the United States District Court for the District of Delaware, Case No. 1:19-cv-01208-LPS, on behalf of unitholders of Buckeye Partners, L.P. ("Buckeye" or the "Company") (BPL) who have been harmed by Buckeye's and its board of directors' (the "Board") alleged violations of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") in connection with the proposed merger of the Company with IFM Global Infrastructure Fund (the "Proposed Transaction").

  • 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.