Is BPL a buy? - Seeking Alpha

Quote & Headlines Market Currents StockTalk

Today 5d 1m 3m 1y 5y 10y

52wk high:

52wk low:

EPS:

PE:

Div Rate:

Yield:

Market Cap:

Volume:

2,349 people get BPL articles and Market Currents by email alert.

Get email alerts on BPL »

HEADLINES:

7 High Yield Dividend Stocks To Avoid And Consider This Week
Paul Zimbardo • Mon, May 13 • 9 Comments
A Closer Look At Buckeye Partners' Distributable Cash Flow As Of Q1 2013
Ron Hiram • Thu, May 9 • 1 Comment
A Closer Look At Boardwalk Pipeline Partners' Distributable Cash Flow As Of Q1 2013
Ron Hiram • Tue, May 7 • 3 Comments
Buckeye Partners, L.P. Management Discusses Q1 2013 Results - Earnings Call Transcript
Fri, May 3
Buckeye Partners, L.P. Reports 2013 First Quarter Results; Increases Quarterly Cash Distribution

GlobeNewswire (May 3, 2013)
Reminder -- Buckeye Partners, L.P. to Release Earnings and Hold Conference Call for 2013 First Quarter Results

GlobeNewswire (May 2, 2013)
Performance Comparison Of Selected MLPs
Ron Hiram • Wed, Apr 24 • 12 Comments
A Closer Look At Buckeye Partners' Distributable Cash Flow As Of 4Q 2012
Ron Hiram • Sat, Apr 20 • 9 Comments
3 Dividend Contender Dogs Point To 6.2% To 25% Net Gains In April
Fredrik Arnold • Tue, Apr 16 • 10 Comments
Buckeye Partners, L.P. to Release Earnings and Hold Conference Call for 2013 First Quarter Results

GlobeNewswire (Apr 12, 2013)
56 Dividend Contenders With Yields Double That Of 10-Year Treasuries
David Van Knapp • Wed, Apr 10 • 22 Comments
Intermediate Midstream Companies: Bargain Hunting And Spotting The Black Sheep (Part III)
Value Digger • Thu, Mar 28 • 19 Comments
29 'Overdue' Dividend Increases: Streaks In Jeopardy
David Fish • Wed, Mar 27 • 82 Comments
Top Dogs Net 10% To 40%, Leading 10 March Indices
Fredrik Arnold • Thu, Mar 14 • 9 Comments
3 MLPs For The Long Haul
Efsinvestment • Thu, Mar 14 • 18 Comments
Buckeye Partners, L.P.'s 2012 Schedule K-1 Tax Packages Are Now Available

GlobeNewswire (Mar 7, 2013)
28 'Overdue' Dividend Increases: Streaks On Borrowed Time
David Fish • Tue, Feb 26 • 37 Comments
FERC Confirms Buckeye's Current Tariff Rates and Authorizes Future Changes Under FERC Standard Ratemaking Methods, Sending NYC Airport Rates to Settlement Process

GlobeNewswire (Feb 25, 2013)
A Closer Look At Inergy L.P.'s Distributable Cash Flow As Of 1Q FY2013
Ron Hiram • Mon, Feb 18 • 6 Comments
Dividend Contenders: 19 Increases Expected By The End Of April
David Fish • Mon, Feb 18 • 10 Comments

To learn more about Seeking Alpha Pro, click here.

A Closer Look At Buckeye Partners' Distributable Cash Flow As Of Q1 2013
Ron Hiram • Thu, May 9 • 1 Comment
A Closer Look At Buckeye Partners' Distributable Cash Flow As Of 4Q 2012
Ron Hiram • Sat, Apr 20 • 9 Comments
Buckeye Partners Has Few Growth Opportunities And Poorly Placed Assets
Albert Alfonso • Mon, Jan 28 • 19 Comments
Look To Buckeye Partners For Current Yield And Long-Term Growth
Daniel Phillips • Mon, Dec 24, 2012 • 16 Comments
Why Buckeye Is Fairly Valued But Boasts A Strong Asset Base
Valuentum • Thu, Dec 6, 2012 • 2 Comments
A Closer Look At Buckeye Partners' Distributable Cash Flow As Of Q3 2012
Ron Hiram • Tue, Nov 20, 2012 • 5 Comments
A Closer Look At Buckeye Partners' Distributable Cash Flow As Of 2Q 2012
Ron Hiram • Wed, Aug 15, 2012 • 4 Comments
Potential Dividend Reduction For Buckeye Partners
Tim Plaehn • Wed, Aug 1, 2012 • 2 Comments
A Closer Look At Buckeye Partners' Distributable Cash Flow As Of 1Q 2012
Ron Hiram • Mon, May 21, 2012 • 11 Comments
A Closer Look At Buckeye Partners' 2011 Distributable Cash Flow
Ron Hiram • Mon, Apr 9, 2012 • 15 Comments
Another Note Of Caution On Buckeye Partners L.P.'s Distributable Cash Flow
Ron Hiram • Tue, Feb 14, 2012 • 18 Comments
A Closer Look At Cash Flow Sustainability Of MLPs: Buckeye Partners
Ron Hiram • Mon, Dec 19, 2011 • 4 Comments
Buckeye Rises on Cost Initiatives
Zacks Investment Research • Mon, Feb 8, 2010

7 High Yield Dividend Stocks To Avoid And Consider This Week
Paul Zimbardo • Mon, May 13 • 9 Comments
A Closer Look At Boardwalk Pipeline Partners' Distributable Cash Flow As Of Q1 2013
Ron Hiram • Tue, May 7 • 3 Comments
Performance Comparison Of Selected MLPs
Ron Hiram • Wed, Apr 24 • 12 Comments
3 Dividend Contender Dogs Point To 6.2% To 25% Net Gains In April
Fredrik Arnold • Tue, Apr 16 • 10 Comments
56 Dividend Contenders With Yields Double That Of 10-Year Treasuries
David Van Knapp • Wed, Apr 10 • 22 Comments
Intermediate Midstream Companies: Bargain Hunting And Spotting The Black Sheep (Part III)
Value Digger • Thu, Mar 28 • 19 Comments
29 'Overdue' Dividend Increases: Streaks In Jeopardy
David Fish • Wed, Mar 27 • 82 Comments
Top Dogs Net 10% To 40%, Leading 10 March Indices
Fredrik Arnold • Thu, Mar 14 • 9 Comments
3 MLPs For The Long Haul
Efsinvestment • Thu, Mar 14 • 18 Comments
28 'Overdue' Dividend Increases: Streaks On Borrowed Time
David Fish • Tue, Feb 26 • 37 Comments
A Closer Look At Inergy L.P.'s Distributable Cash Flow As Of 1Q FY2013
Ron Hiram • Mon, Feb 18 • 6 Comments
Dividend Contenders: 19 Increases Expected By The End Of April
David Fish • Mon, Feb 18 • 10 Comments
Shale Gas Opportunities Sweetened With Lower Commodity Price Risk
Salman Ebrahim • Wed, Feb 13 • 3 Comments
A Closer Look At Suburban Propane Partners' Distributable Cash Flow As Of 1QFY 2013
Ron Hiram • Mon, Feb 11 • 18 Comments
My K.I.S.S. Dividend Portfolio
The Part-time Investor • Mon, Feb 11 • 84 Comments
Top Dogs Net 9% To 56% Pacing Ten Awesome Indices
Fredrik Arnold • Sun, Feb 3 • 19 Comments
Are The Dividends Safe For These High-Yielding Stocks?
Dividends4Life • Tue, Jan 29 • 16 Comments
2012 Core Dividend Growth Portfolio Results: Rethinking Strategy For 2013
Bob Johnson • Tue, Jan 29 • 90 Comments
Dividend Contenders: 30 Increases Expected By The End Of March
David Fish • Fri, Jan 18 • 19 Comments
3 Dividend Predictions For 2013
Yieldpig • Wed, Jan 2 • 6 Comments

Buckeye Partners, L.P. Management Discusses Q1 2013 Results - Earnings Call Transcript
Fri, May 3
Buckeye Partners' CEO Discusses Q4 2012 Results - Earnings Call Transcript
Fri, Feb 8 • 1 Comment
Buckeye Partners LP Management Discusses Q3 2012 Results - Earnings Call Transcript
Fri, Nov 2, 2012
Buckeye Partners LP Management Discusses Q2 2012 Results - Earnings Call Transcript
Fri, Aug 3, 2012 • 1 Comment
Buckeye Partners, L.P. Q4 2009 Earnings Call Transcript
Fri, Feb 5, 2010

Buckeye Partners, L.P. Reports 2013 First Quarter Results; Increases Quarterly Cash Distribution

GlobeNewswire (May 3, 2013)
Reminder -- Buckeye Partners, L.P. to Release Earnings and Hold Conference Call for 2013 First Quarter Results

GlobeNewswire (May 2, 2013)
Buckeye Partners, L.P. to Release Earnings and Hold Conference Call for 2013 First Quarter Results

GlobeNewswire (Apr 12, 2013)
Buckeye Partners, L.P.'s 2012 Schedule K-1 Tax Packages Are Now Available

GlobeNewswire (Mar 7, 2013)
FERC Confirms Buckeye's Current Tariff Rates and Authorizes Future Changes Under FERC Standard Ratemaking Methods, Sending NYC Airport Rates to Settlement Process

GlobeNewswire (Feb 25, 2013)
Stocks to Watch: Big earnings on Friday: Moody’s, AOL

at MarketWatch.com (Feb 8, 2013)
Buckeye Partners, L.P. Reports 2012 Fourth Quarter and Full Year Earnings Results and Declares Cash Distribution

GlobeNewswire (Feb 8, 2013)
Reminder -- Buckeye Partners, L.P. to Release Earnings and Hold Conference Call for 2012 Fourth Quarter and Full Year Results

GlobeNewswire (Feb 7, 2013)
Buckeye Partners, L.P. Prices Offering of Limited Partnership Units

GlobeNewswire (Jan 24, 2013)
Buckeye Partners, L.P. to Offer Limited Partnership Units

GlobeNewswire (Jan 23, 2013)
Buckeye Partners, L.P. to Release Earnings and Hold Conference Call for 2012 Fourth Quarter and Full Year Results

GlobeNewswire (Jan 15, 2013)
Buckeye Successfully Resumes Operations on Its New York and New Jersey Pipeline System

GlobeNewswire (Nov 3, 2012)
Here’s why gas is running low: Sandy blackouts

at MarketWatch.com (Nov 2, 2012)
Buckeye Partners, L.P. Reports 2012 Third Quarter Earnings Results and Declares Cash Distribution

GlobeNewswire (Nov 2, 2012)
Reminder -- Buckeye Partners, L.P. to Release Earnings and Hold Conference Call for 2012 Third Quarter Results

GlobeNewswire (Nov 1, 2012)
Buckeye Files Application for Market-Based Rates in New York City-Area

GlobeNewswire (Oct 16, 2012)
Buckeye Partners, L.P. to Release Earnings and Hold Conference Call for 2012 Third Quarter Results

GlobeNewswire (Oct 15, 2012)
Buckeye's Albany, New York Terminal to Provide Crude Oil Services

GlobeNewswire (Oct 11, 2012)
Buckeye Files Answer to Airlines' Complaint

GlobeNewswire (Oct 11, 2012)
Buckeye to Defend Rates Against Airlines' Complaint

GlobeNewswire (Sep 21, 2012)

BPL vs. ETF Alternatives

Company Description

The original Buckeye Pipe Line Company was founded in 1886 as part of the Standard Oil Company and became a publicly owned, independent company after the dissolution of Standard Oil in 1911. Expansion into petroleum products transportation after World War II and subsequent acquisitions... More

Sector: Basic Materials

Industry: Oil & Gas Pipelines

Country: United States

All
| Earnings
| Dividends
| M&A
| On the move

Friday, May 3, 3:47 PM A project to connect Buckeye Partners' (BPL +5.8%) Perth Amboy, N.J., terminal to a pipeline transportation hub in Linden should be completed by April 2014, three months ahead of schedule, CEO Clark Smith says in today's conference call. Once in Linden, petroleum products transferred from Perth Amboy - which can store 4M-plus barrels - can be sent to BPL's other Northeast delivery points. Comment! [Energy, On the Move]
Friday, May 3, 9:52 AM Buckeye Partners (BPL +5.4%) surges at the open following a strong Q1 earnings beat, as higher pipelines and terminals revenue helped mitigate weaker energy services revenue, which fell 6.7% to $962M. Pipelines and terminals revenue rose 17% to $194M. Operating margin improved to 8.9% from 6.4%. Comment! [Energy, Earnings, On the Move]
Friday, May 3, 8:03 AM Buckeye Partners (BPL): Q1 EPS of $0.86 beats by $0.13. Revenue of $1.34B beats by $0.05B. (PR) Comment! [Earnings, Breaking News]
Friday, May 3, 12:05 AM Notable earnings before Friday’s open: ADP, AXL, BBEP, BPL, CBOE, DUK, FBN, GBDC, GTXI, HST, LNT, MCO, NGLS, NRF, NVE, NWL, PNW, POM, PPC, REGN, SE, SEP, SMP, UPL, WCG, XLS, YRCW Comment! [Earnings]
Thursday, May 2, 5:30 PM Notable earnings before Friday’s open: ADP, AXL, BBEP, BPL, CBOE, DUK, FBN, GBDC, GTXI, HST, LNT, MCO, NGLS, NRF, NVE, NWL, PNW, POM, PPC, REGN, SE, SEP, SMP, UPL, WCG, XLS, YRCW Comment! [Earnings]
Tuesday, April 30, 11:42 AM Growing distributions while growing the business is the key for MLPs for the rest of 2013, and Merrill's MLP research team highlights energy partnerships it believes can expand their current business models while raising their distributions to shareholders. Likely to enjoy the highest payout increases: ACMP, BPL, EEP, EPD, GEL, NRGM, MWE, PAA. Comment! [Energy, Quick Ideas]
Wednesday, April 10, 5:35 PM Barclays sees the growth in crude oil rail transport as a “slight positive” for MLPs, as it provides terminal investment opportunities and potential synergies partially offset by increasing competition. The financial impact of rail on MLPs is still relatively modest, the firm says, as pipelines remain the dominant mode of U.S. crude transportation due to cost and safety advantages relative to rail, barge and truck. 3 Comments [Energy]
Monday, April 1, 2:21 PM Buckeye Partners (BPL -1.1%) is downgraded to Hold from Buy at Deutsche Bank, which notes BPL rose 35% in Q1 and is poised to show one of the largest increases in EBITDA in the sector. BPL's outlook for growth, the 6.8% yield, 4% distribution growth and distribution coverage ratio of 1.1x suggest it is fairly valued at $61/unit. Comment! [Energy, Quick Ideas]
Wednesday, February 13, 3:59 PM Buckeye Partners (BPL +1.6%) is upgraded to Buy from Hold with a $58 target price at Argus following strong Q4 earnings, expecting continued strong earnings growth as BPL expands its network of domestic and international pipelines and terminals. The firm says BPL has done a fine job of controlling costs even as new capacity has been added. Comment! [Energy, Quick Ideas, On the Move]
Monday, February 11, 12:33 PM Buckeye Partners (BPL) is upgraded to Neutral from Sell with a $55 price target (up from $49) at Citigroup, which points to the pipeline company's strong operational performance over the past two quarters (Q4). As BPL completes expansion of its Borco terminal in the Bahamas and reaching full benefits in 2014, Citi expects a return to historical annual distribution growth of 4%-5%. 2 Comments [Energy, Quick Ideas]
Friday, February 8, 8:36 AM Buckeye Partners (BPL): Q4 EPS of $0.96 beats by $0.16. Revenue of $1.15B misses by $120M. (PR) Comment! [Earnings, Breaking News, Energy]
Friday, February 8, 12:05 AM Notable earnings before Friday’s open: AOL, AXL, BPL, CBOE, ETR, GSM, LH, LPX, MCO, NBIX, PSEC, YRCW Comment! [Earnings]
Thursday, February 7, 5:30 PM Notable earnings before Friday’s open: AOL, AXL, BPL, CBOE, ETR, GSM, LH, LPX, MCO, NBIX, PSEC, YRCW Comment! [Earnings]
Tuesday, January 29, 10:45 AM Standard & Poor's cuts its rating on Buckeye Partners (BPL -1.4%) to BBB-, the brink of junk territory, noting the midstream energy company's weakening financial measures aren't expected to improve meaningfully until at least 2015. BPL's debt has increased significantly due to large acquisitions, and gross margins have not kept pace with the higher debt burden. Comment! [Energy]
Wednesday, January 23, 5:25 PM Buckeye Partners (BPL) -4% AH after announcing plans for a public offering of 6M limited partnership units pursuant to an effective shelf registration statement. BPL intends to use the net proceeds to reduce debt. 2 Comments [Energy, On the Move]
Thursday, January 3, 11:40 AM Deutsche Bank sees 2013 as another strong year for MLPs "based on the growth inherent in the $30B in organic capital expenditures that are building new infrastructure and the delivery of distribution growth of ~7% on top of the current 6.7% yield [and] within the confines of tax-related issues and the current fiscal debate." DB's current Buy-rated MLPs: ACMP, BPL, ETE, EPD, RRMS, WES. Comment! [Energy, Quick Ideas]

Dividend Sheet
$PT $BPL and $WBK are the best yielding ex-dividend stocks for tomorrow - http://stks.co/qCPV - 29 stocks with 4.25% average yield
Mon, 8:51 AM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

Roger S. Conrad
Not retired! Working on a piece about $BPL for Energy & Income Advisor. Stay tuned: http://bit.ly/12DlJhN
May 7, 3:30 PM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

ltfinger
Returning Upgrades (5/3/13): $AMSG, $APOG, $ATU, $AVD, $AYI, $B, $BCO, $BMRN, $BPL, $BX, $CACI, $CBI, $CSOD, $CWT, $HEES, $HTSI, $INVN
May 6, 9:30 AM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

ltfinger
Today's Potential Upgrades (3/21/13): $AFL, $AGQ, $AMT, $BPL, $FXY, $GOLD, $ISRG, $MMP, $PNRA, $ROST
Mar 21, 11:19 PM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

ltfinger
Today's Potential Downgrades (3/18/13): $ACN, $ADBE, $APH, $ATHN, $ATW, $AVGO, $BAX, $BPL, $BRK.B, $BWA, $CAM, $CELG, $CERN
Mar 19, 7:41 AM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

squeakcat99
Buckeye (BPL) has been dropping like a rock. Why?
8/28/12
Reply (2)

• !Report Abuse
View all 2 replies
Energysystems: paid out more in quarterly distributions than the realized distributable cash flow since the second quarter of 2011.
8/28/12
• !Report Abuse
kmarkovic: $BPL year end selling.
Jan 6, 1:34 AM
• !Report Abuse
Add a reply...

140 characters

Elliott Gue
The big question hanging over $BPL is how quickly assets acquired last year will prove accretive to cash flow.
4/4/12
Reply (2)

• !Report Abuse
View all 2 replies
das555: Do you think the recent FERC denial of rate increase for Buckeye Pipeline and potential required pricing change is part of the "overhang"?
4/4/12
• !Report Abuse
Samantha19: Is it time to sell BPL?
10/27/12
• !Report Abuse
Add a reply...

140 characters

Dividend Sheet
20 Best Yielding Dividend Achievers + http://stks.co/381Q + $VGR $PBI $SPH $CTL $TCP $BPL $GTY $ORI $UHT $WRE $NNN $T $KMP $MO $PAA $PPL
3/29/12
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

Dividend Sheet
Stocks With Dividend Growth From Last Week February II/2012 + http://stks.co/2TOC + $PPL $TRP $NEE $KO $CVE $CMCSA $KC $DVN $EOG $ABT $BPL
2/19/12
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

Mind
Hello (BPL WYNN COV) Linsanity !
2/15/12
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

LATEST REPLIES

squeakcat99
Buckeye (BPL) has been dropping like a rock. Why?
8/28/12
Reply (2)

• !Report Abuse
View all 2 replies
Energysystems: paid out more in quarterly distributions than the realized distributable cash flow since the second quarter of 2011.
8/28/12
• !Report Abuse
kmarkovic: $BPL year end selling.
Jan 6, 1:34 AM
• !Report Abuse
Add a reply...

140 characters

Elliott Gue
The big question hanging over $BPL is how quickly assets acquired last year will prove accretive to cash flow.
4/4/12
Reply (2)

• !Report Abuse
View all 2 replies
das555: Do you think the recent FERC denial of rate increase for Buckeye Pipeline and potential required pricing change is part of the "overhang"?
4/4/12
• !Report Abuse
Samantha19: Is it time to sell BPL?
10/27/12
• !Report Abuse
Add a reply...

140 characters

dinky doo
premarket dec 20 looking at... ALX, AGN,WLP,V,TZF,SAM,BPT,BPL.KOF, DDMGQ.PK, DTE, GNI,GSE, IMPV, KMP,NS,PM, ZZC,SQM,SPR,SWU,SXL,TD,URI,VFC, and
12/20/11
Reply (3)

• !Report Abuse
View all 3 replies
dinky doo: that was one early market gainer I was eyeing but ended up going with URI and BXP
12/20/11
• !Report Abuse
dinky doo: got up 8% so far not sure if I will stay overnight
12/20/11
• !Report Abuse
Add a reply...

140 characters

Dividend Sheet
12 Basic Material High Yields With Very Low Beta Ratios: http://bit.ly/vKLnMz + $GNI $CLMT $MMLP $BWP $NS $PSE $SEP $BPL $PAA $KMP $EPB $MMP
11/10/11
Reply (3)

• !Report Abuse
View all 3 replies
Tom in Texas: Long CLMT, MMLP, NS. Nice dividends.
11/10/11
• !Report Abuse
golfitobob: TT,true,but,big drop allow better yields&with US$ being slashed by plan your yields keep pace,but,many DS's were much lower&Patience wins !
11/10/11
• !Report Abuse
Add a reply...

140 characters

Dividend Sheet
20 High Yield Dividend Contenders: http://bit.ly/rX4Jlb + $NRGY $VGR $NS $SPH $OFC $TCP $UHT $KMP $BPL $PAA $NNN $NHI $MCY $MDP $EPD $UBA
11/9/11
Reply (1)

• !Report Abuse
View all 1 replies
golfitobob: Bad time to buy near a clear bear rally top. Yields go way up if stocks bought after a big pull back. Patience !
11/9/11
• !Report Abuse
Add a reply...

140 characters

BPL Buckeye Partners Lp.

BPL

Buckeye Partners Lp.