Buckeye Partners (BPL) Misses Q4 EPS by 5c, Beats on Revenues
Buckeye Partners (NYSE: BPL) reported Q4 EPS of $0.85, $0.05 worse than the analyst estimate of $0.90. Revenue for the quarter came in at $946.05 million versus the consensus estimate of $900.46 million.
Net income attributable to Buckeye’s unitholders was $0.85 per diluted unit for the fourth quarter of 2017 compared to $0.78 per diluted unit for the fourth quarter of 2016. The diluted weighted average number of units outstanding in the fourth quarter of 2017 was 147.3 million compared to 138.4 million in the fourth quarter of 2016. The increase in the weighted average number of units outstanding is attributable to the units issued during the year to fund a portion of the buyout of the public unit holders of VTTI Energy Partners LP, 2017 capital expenditures and a portion of 2018 capital expenditures.
For earnings history and earnings-related data on Buckeye Partners (BPL) click here.