eastunder
10年前
Stifel Upgrades Buckeye Partners, Believes Management Capitalized On Favorable Recontracting Environment
Benzinga
By Jim Swanson
2 hours ago
In a report published Monday, analysts at Stifel upgraded Buckeye Partners, L.P. (NYSE: BPL) from Hold to Buy. The price target was set to $89. The company's quarterly performance beat the estimates and the consensus.
According to Stifel, "Performance on the quarter was driven by robust operations at the Global Marine Terminals segment where active capacity utilization increased to 93 percent from 85 percent the prior year. In addition, management noted that approximately 12 million barrels of capacity was recontracted in 1Q15 with an average rate increase of 20 percent."
However, the Pipelines & Terminals segment posted more or less flat operations, year-on-year. The company said that the lower commodity prices and narrow butane blending spread adversely affected the performance of this segment. An increase in pipeline throughput, driven by rising demand for refined products, which helped mitigate the drag in the Pipelines & Terminals segment.
"We view the offsetting impact from lower commodity prices (lower butane blending offset by higher pipeline volumes) as a strength of the partnership and an asset in a volatile commodity price environment," the analysts added.
Buckeye Partners was able to take better than expected advantage of the contango market, with higher recontracting rates and capacity utilization. Although the contango market is unlikely to remain as strong for the remainder of the year, the company is expected to sustain favorable recontracting storage rates.
stocktrademan
10年前
$BPL DD Notes ~ http://www.ddnotesmaker.com/BPL
bullish
good volume
note: k-1 tax forms, limited partnership
$BPL recent news/filings
## source: finance.yahoo.com
Fri, 21 Nov 2014 23:02:55 GMT ~ NYSE stocks posting largest volume increases
[AP] - A look at the 10 biggest volume gainers on New York Stock Exchange at the close of trading: China Green Agriculture Inc. : Approximately 13,288,500 shares changed hands, a 6,591.2 percent increase over ...
read full: http://sg.finance.yahoo.com/news/nyse-stocks-posting-largest-volume-220412869--finance.html
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Tue, 18 Nov 2014 14:54:00 GMT ~ Strong And Under The Radar: Buckeye Partners (BPL)
read full: http://www.thestreet.com/story/12958214/1/strong-and-under-the-radar-buckeye-partners-bpl.html?puc=yahoo&cm_ven=YAHOO
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Fri, 14 Nov 2014 18:04:45 GMT ~ BUCKEYE PARTNERS, L.P. Financials
read full: http://finance.yahoo.com/q/is?s=bpl
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Wed, 12 Nov 2014 13:31:25 GMT ~ BUCKEYE PARTNERS, L.P. Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
read full: http://biz.yahoo.com/e/141112/bpl8-k.html
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Mon, 10 Nov 2014 14:00:02 GMT ~ Buckeye Partners' Q3 Earnings Rise on Segment Strength
read full: http://finance.yahoo.com/news/buckeye-partners-q3-earnings-rise-140002961.html
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$BPL charts
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$BPL company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/BPL/company-info
Ticker: $BPL
OTC Market Place: Not Available
CIK code: 0000805022
Company name: Buckeye Partners, L.P.
Incorporated In: DE, USA
$BPL share structure
## source: otcmarkets.com
Market Value: $10,489,529,611 a/o Nov 21, 2014
Shares Outstanding: 127,022,640 a/o Oct 31, 2014
Float: Not Available
Authorized Shares: Not Available
Par Value: No Par Value
$BPL extra dd links
Company name: Buckeye Partners, L.P.
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/BPL/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/BPL/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=BPL+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=BPL+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=BPL+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/BPL/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/BPL/news - http://finance.yahoo.com/q/h?s=BPL+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/BPL/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/BPL/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/BPL/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/BPL/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/BPL/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/BPL/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/BPL/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/BPL/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=BPL+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/BPL
DTCC (dtcc.com): http://search2.dtcc.com/?q=Buckeye+Partners%2C+L.P.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Buckeye+Partners%2C+L.P.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Buckeye+Partners%2C+L.P.&x=0&y=0
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/BPL/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/BPL
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/BPL/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/BPL/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/BPL/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000805022&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/BPL/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/BPL/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/BPL/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/BPL/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=BPL&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=BPL
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/BPL/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=BPL+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=BPL+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=BPL
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=BPL
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=BPL+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/BPL/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=BPL+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/BPL.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=BPL
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/BPL/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/BPL/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/BPL/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/BPL/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/BPL
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/BPL
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/BPL:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=BPL
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=BPL
$BPL DD Notes ~ http://www.ddnotesmaker.com/BPL
eastunder
11年前
Buckeye Partners, L.P. Reports Financial Results for 2014 First Quarter
Increases Cash Distribution
http://finance.yahoo.com/news/buckeye-partners-l-p-reports-120000968.html
HOUSTON, May 2, 2014 (GLOBE NEWSWIRE) -- Buckeye Partners, L.P. ("Buckeye") (BPL) today reported income from continuing operations for the first quarter of 2014 of $101.5 million compared to income from continuing operations for the first quarter of 2013 of $94.8 million.
Income from continuing operations attributable to Buckeye's unitholders was $0.87 per diluted unit for the first quarter of 2014 compared to $0.90 per diluted unit for the first quarter of 2013. The diluted weighted average of units outstanding in the first quarter of 2014 was 115.8 million compared to 103.6 million in the first quarter of 2013. The increase in units is primarily the result of our unit offering in October 2013.
Adjusted EBITDA (as defined below) from continuing operations for the first quarter of 2014 was $188.6 million compared to $160.2 million for the first quarter of 2013.
"The contribution from the terminals recently acquired from Hess Corporation as well as returns on growth capital investments drove strong financial results from our Pipelines & Terminals and Global Marine Terminals segments," said Clark C. Smith, President and Chief Executive Officer. "This was the first full quarter contribution from the Hess terminals as the acquisition closed in December 2013. Work remains to be done on our Hess integration and commercialization efforts to realize the full benefit from this acquisition, but we are pleased with our results to date," continued Mr. Smith. "Growth capital investments across our legacy assets were also a key driver of improved performance over the year-ago quarter. Investments in crude rail operations at our Chicago Complex and the expansion of crude oil storage at our BORCO terminal contributed to the uplift."
"We remain focused on our expansion opportunities by continuing to make progress on our growth capital projects at our Perth Amboy terminal and Chicago Complex," said Mr. Smith. "I am pleased to report that our Perth Amboy pipeline connection is now operational, effective May 1. Product is moving to our Linden hub and from there our terminal customers have a variety of options, including access to end markets across our Eastern products system. This provides our Perth Amboy terminal with connectivity and capacity that we believe is a competitive advantage in the New York Harbor. Construction on our crude rail facility at Perth Amboy continues and is expected to be operational in the third quarter," commented Mr. Smith. "We also reached a key milestone in our project to add 1.1 million barrels of crude oil storage at our Chicago Complex, as the first of three tanks was placed in service this week. We expect the remaining tanks to be operational in the third quarter. We also have an additional project underway to further expand the Chicago Complex by completing a bi-directional connection to an underutilized Buckeye terminal to make its 600,000 barrels of storage accessible to the complex's customers. In total, we expect to make growth capital investments of approximately $300 million during 2014 that we believe will generate attractive financial returns for our unitholders in the future," concluded Mr. Smith.
Distributable cash flow (as defined below) from continuing operations for the first quarter of 2014 was $131.8 million compared to $125.6 million for the first quarter of 2013. Buckeye also reported distribution coverage of 1.03 times for the first quarter of 2014.
Cash Distribution. Buckeye also announced today that its general partner declared a cash distribution of $1.10 per limited partner unit ("LP Unit") for the quarter ended March 31, 2014. The distribution will be payable on May 19, 2014, to unitholders of record on May 12, 2014. This cash distribution represents an almost five percent increase over the $1.05 per LP Unit distribution declared for the quarter ended March 31, 2013. Buckeye has paid cash distributions in each quarter since its formation in 1986.
Timothy Smith
12年前
Buckeye Files Application for Market-Based Rates in New York City-Area
Oct 16, 2012 6:00:00 AM
2012 GlobeNewswire, Inc.
HOUSTON, Oct. 16, 2012 (GLOBE NEWSWIRE) -- Buckeye Partners, L.P. (NYSE:BPL) ("Buckeye") announced today that Buckeye Pipe Line Company, L.P. ("Buckeye Pipeline") filed an application with the Federal Energy Regulatory Commission ("FERC") seeking authority to charge market-based rates for deliveries of refined petroleum products to the New York City-area market ("Application").
In the Application, Buckeye Pipeline seeks market-based rates from its three origin points in northeastern New Jersey to its five destinations on its Long Island System, including deliveries of jet fuel to the Newark, LaGuardia, and JFK airports. These jet fuel delivery rates were the subject of a complaint filed by Delta Air Lines, United/Continental Airlines, JetBlue Airways, and US Airways on September 20, 2012 in FERC Docket No. OR12-28. If the Application is granted by FERC, Buckeye Pipeline would be permitted prospectively to set its rates with respect to these origins and destinations in response to competitive forces. The airlines' September 20th complaint alleged that Buckeye Pipeline's jet fuel delivery rates to the New York City airports are unjust and unreasonable under the Interstate Commerce Act based on a cost over-recovery rationale. This issue would no longer be relevant with respect to Buckeye Pipeline's future rates upon the granting of the Application.
As the Application indicates, Buckeye Pipeline believes that the New York City-area market is robust and highly competitive—the New York Harbor is one of the world's most active refined petroleum products markets. Within this market, Buckeye Pipeline's customers have access to numerous existing alternatives, via pipeline, barge, and truck, to transport refined products and, with reasonable investment, the three airports should be able to access alternative jet fuel supplies efficiently and economically. Consequently, Buckeye believes it is appropriate that it be permitted to charge market-based rates for its services in this market. Buckeye remains committed to providing safe and economic transportation of refined products to its customers in the New York City-area market.
Buckeye Pipeline's application for market-based rates and any other documents or filings that are officially included in the record of this proceeding will be made available through the FERC's "eLibrary" (http://www.ferc.gov/docs-filing/elibrary.asp).
Buckeye Partners, L.P. (NYSE:BPL) is a publicly traded master limited partnership that owns and operates one of the largest independent liquid petroleum products pipeline systems in the United States in terms of volumes delivered, with over 6,000 miles of pipeline. Buckeye also owns approximately 100 liquid petroleum products terminals with aggregate storage capacity of approximately 70 million barrels. In addition, Buckeye operates and/or maintains third-party pipelines under agreements with major oil and chemical companies, owns a high-performance natural gas storage facility in Northern California, and markets liquid petroleum products in certain regions served by its pipeline and terminal operations. Buckeye's flagship marine terminal in The Bahamas, BORCO, is one of the largest crude oil and petroleum products storage facilities in the world, serving the international markets as a premier global logistics hub. More information concerning Buckeye can be found at www.buckeye.com.
This press release includes forward-looking statements that we believe to be reasonable as of today's date. Such statements are identified by use of the words "anticipates," "believes," "estimates," "expects," "intends," "plans," "predicts," "projects," "should," and similar expressions. Actual results may differ significantly because of risks and uncertainties that are difficult to predict and that may be beyond our control. Among them are (i) changes in federal, state, local, and foreign laws or regulations to which we are subject, including those governing pipeline tariff rates and those that permit the treatment of us as a partnership for federal income tax purposes, (ii) terrorism, adverse weather conditions, including hurricanes, environmental releases, and natural disasters, (iii) changes in the marketplace for our products or services, such as increased competition, better energy efficiency, or general reductions in demand, (iv) adverse regional, national, or international economic conditions, adverse capital market conditions, and adverse political developments, (v) shutdowns or interruptions at our pipeline, terminal, and storage assets or at the source points for the products we transport, store, or sell, (vi) unanticipated capital expenditures in connection with the construction, repair, or replacement of our assets, (vii) volatility in the price of refined petroleum products and the value of natural gas storage services, (viii) nonpayment or nonperformance by our customers, (ix) our ability to integrate acquired assets with our existing assets and to realize anticipated cost savings and other efficiencies and benefits, and (x) an unfavorable outcome with respect to the proceedings pending before FERC regarding Buckeye Pipeline's tariff rates. You should read our filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2011 and our most recently filed Quarterly Report on Form 10-Q, for a more extensive list of factors that could affect results. We undertake no obligation to revise our forward-looking statements to reflect events or circumstances occurring after today's date.
CONTACT: Kevin J. Goodwin
Senior Director, Investor Relations
Irelations@buckeye.com
(800) 422-2825
Source: Buckeye Partners, L.P.