Buckeye Partners

Buckeye Partners, L.P.  is a publicly traded master limited partnership and owns and operates a diversified network of integrated assets providing midstream logistic solutions, primarily consisting of the transportation, storage, and marketing of liquid petroleum products. Buckeye is one of the largest independent liquid petroleum products pipeline operators in the United States in terms of volumes delivered with approximately 6,000 miles of pipeline and more than 120 liquid petroleum products terminals with aggregate storage capacity of over 110 million barrels across our portfolio of pipelines, inland terminals and an integrated network of marine terminals located primarily in the East Coast and Gulf Coast regions of the United States and in the Caribbean.

Buckeye has a controlling interest in a company with a vertically integrated system of marine midstream assets in Corpus Christi and the Eagle Ford Shale formation in Texas. Buckeye’s flagship marine terminal, BORCO, is in The Bahamas and is one of the largest marine crude oil and refined petroleum products storage facilities in the world and provides an array of logistics and blending services for the global flow of petroleum products. Buckeye’s network of marine terminals enables it to facilitate global flows of crude oil, refined petroleum products, and other commodities, and to offer its customers connectivity to some of the world’s most important bulk storage and blending hubs.

Buckeye is also a wholesale distributor of refined petroleum products in areas served by its pipelines and terminals. Finally, Buckeye also operates or maintains third-party pipelines under agreements with major oil and gas, petrochemical and chemical companies, and performs certain engineering and construction management services for third parties.

Type
Public
HQ
Houston, US
Founded
1886
Size (employees)
1,765 (est)
Buckeye Partners was founded in 1886 and is headquartered in Houston, US

Key People at Buckeye Partners

Clark Smith

Clark Smith

Chairman, President and Chief Executive Officer
Robert Malecky

Robert Malecky

Executive Vice President

Buckeye Partners Office Locations

Buckeye Partners has offices in Houston, Toledo, Reading, Indianapolis and in 10 other locations
Houston, US (HQ)
600 1 Greenway Plaza
Breinigsville, US
9999 Hamilton Blvd.

Buckeye Partners Data and Metrics

Buckeye Partners Financial Metrics

Buckeye Partners's revenue was reported to be $3.2 b in FY, 2016 which is a 6% decrease from the previous period.
Numbers are in $, USD

Revenue (FY, 2016)

3.2 b

Revenue growth (FY, 2015 - FY, 2016), %

(6%)

Gross profit (FY, 2016)

1.7 b

Gross profit margin (FY, 2016), %

52%

Net income (FY, 2016)

548.7 m

EBIT (FY, 2016)

733.3 m

Market capitalization (23-May-2017)

9.4 b

Closing share price (23-May-2017)

66.5

Cash (31-Dec-2016)

640.3 m
Buckeye Partners's current market capitalization is $9.4 b.
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

5.1 b6.6 b3.5 b3.2 b

Revenue growth, %

31%(48%)(6%)

Cost of goods sold

3.9 b5.3 b2 b1.5 b

Gross profit

1.1 b1.3 b1.5 b1.7 b

Gross profit Margin, %

22%20%43%52%

Operating expense total

4.6 b6.1 b2.8 b2.5 b

EBIT

472.8 m484.1 m597.7 m733.3 m

EBIT margin, %

9%7%17%23%

Income tax expense

(1.1 m)(451 k)(874 k)(1.5 m)

Net Income

347.4 m332.6 m437.5 m548.7 m
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

5 m8.2 m4.9 m640.3 m

Accounts Receivable

326.2 m213.8 m236.4 m

Inventories

312.1 m243.5 m193 m356.8 m

Current Assets

901.1 m632.3 m551.6 m1.3 b

PP&E

4.9 b5.7 b6.2 b6.5 b

Goodwill

821.5 m993.4 m998.7 m1 b

Total Assets

7 b8.1 b8.4 b9.4 b

Accounts Payable

149.5 m159.1 m82.7 m107.4 m

Current Liabilities

685 m622 m504.3 m399.5 m
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

164.4 m274.9 m437.5 m548.7 m

Depreciation and Amortization

147.6 m196.4 m221.3 m254.7 m

Accounts Receivable

48 m(24 m)

Inventories

(45 m)70.1 m52.8 m(160 m)

Accounts Payable

11.3 m27.9 m(65.2 m)26 m

Cash From Operating Activities

385.5 m599.6 m710.2 m717.9 m

Capital Expenditures

(361.4 m)(472.1 m)(594.5 m)(486.3 m)

Cash From Investing Activities

(1.2 b)(1.2 b)(614.9 m)(481.7 m)

Cash From Financing Activities

817.4 m595.1 m(98.6 m)399.2 m

Free Cash Flow

746.9 m1.1 b1.3 b1.2 b
Numbers are in $, USDY, 2016

Revenue/Employee

3.2 m

Buckeye Partners Market Value History

Buckeye Partners Job Categories

Buckeye Partners Company Life and Culture

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