Buckeye Partners (BPL) Tops Q4 EPS by 4c

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Buckeye Partners, L.P. Reports Record Financial Results for Fourth Quarter and Full Year 2015

February 12, 2016 6:30 AM EST

HOUSTON, Feb. 12, 2016 (GLOBE NEWSWIRE) -- Buckeye Partners, L.P. (Buckeye) (NYSE: BPL) today reported its financial results for the fourth quarter and full year 2015.  Buckeye reported income from continuing operations for the fourth quarter of 2015 of $135.1 million compared to income from continuing operations for the fourth quarter of 2014 of $64.0 million.

Adjusted EBITDA (as defined below) from continuing operations for the fourth quarter of 2015 was $244.5 million compared to $223.5 million for the fourth quarter of 2014. 

Income from continuing operations attributable to Buckeyes unitholders was $1.03 per diluted... More