Company Information

  

Address: ONE GREENWAY PLAZA
SUITE 600 
City: HOUSTON 
State: TX 
Zip Code: 77046 
Telephone: 832-615-8600 

Description of Business

Primary SIC Code: 4610
(As filed with the SEC)  

The original Buckeye Pipe Line Company was founded in 1886 as part of the Standard Oil Company ("Standard Oil") and became a publicly owned, independent company after the dissolution of Standard Oil in 1911. Expansion into petroleum products transportation after World War II and subsequent acquisitions thereafter ultimately led to Buckeye Pipe Line Company becoming a leading independent common carrier pipeline. In 1964, Buckeye Pipe Line Company was acquired by a subsidiary of the Pennsylvania Railroad, which later became the Penn Central Corporation. In 1986, Buckeye Pipe Line Company was reorganized into a master limited partnership ("MLP"), Buckeye Partners, L.P. We are a publicly traded Delaware master limited partnership, and our limited partnership units representing limited partner interests ("LP Units") are listed on the New York Stock Exchange ("NYSE") under the ticker symbol "BPL." Buckeye GP LLC ("Buckeye GP") is our general partner.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
09/20173.261.26217.48
06/20173.621.26217.66
03/20173.921.23817.49
12/20164.03NA16.42
09/20164.301.22516.65
06/20163.891.21218.08
03/20163.541.18819.19
12/20153.41NA19.34

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2016 Leverage 2016
Net Inc/Comm Equity-0.12Total Liab/Total Assets0.53
Net Inc/Total Assets0.06Total Liab/Inv Cap0.56
Net Inc/Inv Cap0.06Total Liab/Comm Equity-1.14
Pretax Inc/Net Sales0.17Interest Coverage Ratio3.82
Net Inc/Net Sales0.16Curr Debt/EquityNA
Cash Flow/Net Sales0.22LTD/EquityNA
SG&A/NetSales0.02Total Debt/EquityNA
Asset Utilization   Liquidity  
Net Receivables Turnover13.51Quick Ratio2.41
Inventory Turnover7.93Current Ratio3.30
Inventory Day Sales0.02Net Rec/Curr Assets0.19
Net Sales/Work Cap3.53Inv/Curr Assets0.27
Net Sales/PP&E0.50  

Income Statement (Millions)

  9/30/2017 6/30/2017 3/31/2017 12/31/2016
Total Revenues(Net Sales) 922.62 810.20 969.27 924.06
Cost of Goods Sold 664.60 554.80 710.02 683.48
Selling & Admin Exps 24.41 19.92 21.74 17.17
Operating Income 167.95 170.64 172.03 156.96
Interest Exp 56.56 56.42 55.89 50.83
Pretax Income 120.67 117.42 126.53 109.49
Other Income 0.05 0.08 0.03 0.28
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 116.19 112.72 123.58 107.67

Balance Sheet (Millions)

Assets 9/30/2017 6/30/2017 3/31/2017 12/31/2016
Cash & Short Term Investments 7.92 2.38 4.87 640.34
Receivables - Total 225.56 217.65 227.51 253.69
Inventories - Total 233.41 286.47 305.13 356.80
Total Current Assets 558.33 575.50 605.39 1,318.90
Net Property, Plant & Equipment 6,633.23 6,579.10 6,524.20 6,483.28
Total Assets 10,112.50 9,880.70 9,866.85 9,421.10
Liabilities        
Accounts Payable 320.30 311.04 286.79 373.28
Debt in Current Liabilities 188.98 227.38 261.00 26.27
Total Current Liabilities 509.27 538.42 547.79 399.55
Long-Term Debt 4,593.64 4,579.94 4,561.03 4,217.70
Total Liabilities 5,481.97 5,500.52 5,494.32 5,009.38
Stockholder's Equity        
Minority Interest 282.49 283.29 286.96 286.70
Preferred Stock NA NA NA NA
Common Stock NA NA NA NA
Retained Earnings NA NA NA NA
Treasury Stock NA NA NA NA
Total Stockholders' Equity NA NA NA NA
Total Liabilities and Stockholders' Equity NA NA NA NA

Cash Flow Summary (Millions)

Categories 9/30/2017 6/30/2017 3/31/2017 12/31/2016
Net Cash Provided by Operating Activities 251.09 243.18 193.04 168.14
Net Cash Provided by Investing Activities -329.02 -93.33 -1,247.18 -103.47
Net Cash Provided by Financing Activities 83.48 -152.34 418.67 575.67

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/20124,285.90226.422.32
12/20135,054.10160.273.23
12/20146,620.25272.952.78
12/20153,453.43437.223.41
12/20163,248.38535.614.03
Growth Rates-6.6924.0214.80

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/17423102,55469.93




Report Date : 12/4/2017

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