Buckeye Partners (BPL) Misses Q1 EPS by 11c

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Go back to Buckeye Partners (BPL) Misses Q1 EPS by 11c

Buckeye Partners, L.P. Reports First Quarter 2019 Financial Results

May 10, 2019 8:48 AM EDT

HOUSTON, May 10, 2019 (GLOBE NEWSWIRE) -- Buckeye Partners, L.P. (Buckeye) (NYSE: BPL) today reported its financial results for the first quarter of 2019.  Net income attributable to Buckeye was $80.8 million for the first quarter of 2019 compared to $112.4 million for the first quarter of 2018.  Adjusted EBITDA (as defined below) for the first quarter of 2019 was $216.4 million compared to $261.7 million for the first quarter of 2018.  Buckeyes first quarter 2019 results were impacted by the sale of the partnerships 50% equity interest in VTTI, which was completed in January 2019, and the sale of the package of domestic pipeline and terminal... More