Buckeye Partners (BPL) Reports Q4 EPS of $3.13, Revenues Beat

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Go back to Buckeye Partners (BPL) Reports Q4 EPS of $3.13, Revenues Beat

Buckeye Partners, L.P. Reports Financial Results for the Fourth Quarter and Full Year 2018

February 8, 2019 6:30 AM EST

HOUSTON, Feb. 08, 2019 (GLOBE NEWSWIRE) -- Buckeye Partners, L.P. (Buckeye) (NYSE: BPL) today reported its financial results for the fourth quarter and full year 2018.  Net income attributable to Buckeye was $482.5 million for the fourth quarter of 2018 compared to $126.3 million for the fourth quarter of 2017.  The fourth quarter of 2018 benefited from the $343.0 million gain recognized upon closing of the previously announced sale of a package of domestic pipeline and terminal assets during the quarter.  Adjusted EBITDA (as defined below) for the fourth quarter of 2018 was $234.7 million compared to $289.9 million for the fourth quarter of 2017. ... More