OverviewSuggest Edit

Buckeye Partners is a company that owns and operates a network of integrated assets providing midstream logistic solutions, primarily consisting of the transportation, storage, processing, and marketing of liquid petroleum products. The company operates independent liquid petroleum products pipelines and a network of marine terminals, which offer storage and processing capabilities. It also provides a range of services, which include operating and/or maintaining third-party pipelines and terminals, as well as certain engineering and construction capabilities.
TypePublic
Founded1886
HQHouston, TX, US
Websitebuckeye.com
Employee Ratings3.4
Overall CultureA-

Latest Updates

Employees (est.) (Dec 2018)1,850(-1%)
Job Openings41
Revenue (FY, 2018)$4.1 B(+13%)
Share Price (Nov 2019)$41.5
Cybersecurity ratingAMore
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Key People/Management at Buckeye Partners

Clark Smith

Clark Smith

President and Chief Executive Officer of Buckeye GP, LLC ("Buckeye GP")
Robert Malecky

Robert Malecky

Executive Vice President of Buckeye GP and President, Domestic Pipelines and Terminal
Khalid A. Muslih

Khalid A. Muslih

Executive Vice President of Buckeye GP and President, Global Marine Terminals
Keith E. St.Сlair

Keith E. St.Сlair

Executive Vice President and Chief Financial Officer of Buckeye GP
Mark S. Esselman

Mark S. Esselman

Senior Vice President of Global Human Resources of Buckeye GP
William J. Hollis

William J. Hollis

Senior Vice President of Buckeye GP and President, Buckeye Services
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Buckeye Partners Office Locations

Buckeye Partners has offices in Houston and Breinigsville
Houston, TX, US (HQ)
1 Greenway Plaza #600
Breinigsville, PA, US
9999 Hamilton Blvd Bldg. 5
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Buckeye Partners Financials and Metrics

Buckeye Partners Revenue

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Buckeye Partners's revenue was reported to be $4.11 b in FY, 2018 which is a 12.6% increase from the previous period.
USD

Revenue (Q3, 2019)

811.4m

Gross profit (Q3, 2019)

401.4m

Gross profit margin (Q3, 2019), %

49.5%

Net income (Q3, 2019)

112.8m

EBIT (Q3, 2019)

158.8m

Market capitalization (1-Nov-2019)

6.4b

Closing stock price (1-Nov-2019)

41.5

Cash (30-Sept-2019)

1.4m

EV

10.2b
Buckeye Partners's current market capitalization is $6.4 b.
Annual
USDFY, 2016FY, 2017FY, 2018

Revenue

3.2b3.6b4.1b

Revenue growth, %

(6%)12%13%

Cost of goods sold

1.5b2.0b2.5b

Gross profit

1.7b1.7b1.6b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

969.3m810.2m922.6m1.2b940.8m909.5m1.0b791.7m811.4m

Cost of goods sold

548.1m392.6m506.8m785.3m552.4m514.8m655.1m416.4m410.0m

Gross profit

421.2m417.6m415.8m397.8m388.4m394.7m373.9m375.3m401.4m

Gross profit Margin, %

43%52%45%34%41%43%36%47%49%
Annual
USDFY, 2016FY, 2017FY, 2018

Cash

640.3m2.2m1.8m

Accounts Receivable

236.4m270.6m219.8m

Prepaid Expenses

66.5m36.3m58.9m

Inventories

356.8m301.4m210.9m
Quarterly
Annual
USDFY, 2016FY, 2017FY, 2018

Net Income

548.7m493.7m(51.9m)

Depreciation and Amortization

254.7m269.2m269.4m

Inventories

(162.3m)56.4m92.1m

Accounts Payable

26.0m46.1m(25.3m)
Quarterly
USDFY, 2016

EV/EBIT

16.8 x

EV/CFO

17.1 x

Revenue/Employee

1.7m

Debt/Equity

0.9 x

Debt/Assets

0.4 x

Financial Leverage

2 x
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Buckeye Partners Operating Metrics

FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019

Liquid Petroleum Product Tank Capacity (Domestic), barrels

56 m57 m56 m

Liquid Petroleum Product Terminals (Domestic)

115115110

Liquid Petroleum Product Terminals (Global)

7227

Pipelines Network (Domestic), miles

6 k6 k6 k6 k6 k6 k6 k6 k6 k6 k6 k6 k
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Buckeye Partners Acquisitions / Subsidiaries

Company NameDateDeal Size
Farm & Home OilFebruary 08, 2008
Lodi Gas StorageJanuary 18, 2008
Bahamas Oil Refining Company International
Baproven Limited
Borco Towing Company Limited
Buckeye Albany Terminal LLC
Buckeye Atlantic Holdings GP LLC
Buckeye Atlantic Holdings LLC
Buckeye Bahamas Hub Limited
Buckeye Bayonne Terminal LLC
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Buckeye Partners Revenue Breakdown

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Buckeye Partners revenue breakdown by business segment: 24.7% from Domestic Pipelines & Terminals, 13.6% from Global Marine Terminals and 61.7% from Merchant Services

Buckeye Partners revenue breakdown by geographic segment: 94.2% from United States and 5.8% from International

Buckeye Partners Cybersecurity Score

Cybersecurity ratingPremium dataset

A

91/100

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Buckeye Partners Online and Social Media Presence

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Buckeye Partners Company Culture

  • Overall Culture

    A-

    76/100

  • CEO Rating

    A+

    82/100

  • Compensation

    A

    81/100

  • Diversity

    B

    73/100

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Buckeye Partners News and Updates

Buckeye Partners Acquires 270 MW Solar Project From OCI Solar Power

HOUSTON and SAN ANTONIO, Aug. 16, 2021 (GLOBE NEWSWIRE) -- Buckeye Partners, L.P. (“Buckeye”) and OCI Solar Power, LLC (“OCI Solar Power”) announced today that Buckeye has acquired a 270 MW, construction-ready solar project (“Project Parker”) from OCI Solar Power.

Buckeye Partners Continues to Invest in Energy Transition With Strategic Solar Acquisition

Advanced Solar Development Investment in Texas Reflects Buckeye’s Focus on Energy Diversification, Sustainability & ESG Performance Advanced Solar Development Investment in Texas Reflects Buckeye’s Focus on Energy Diversification, Sustainability & ESG Performance

Buckeye Partners & Nala Renewables Invest In Swift Current Energy to Accelerate U.S. Growth Plans

Swift Current’s leading clean energy platform aligns with the companies’ commitment to integrate ESG values into long-term strategy Swift Current’s leading clean energy platform aligns with the companies’ commitment to integrate ESG values into long-term strategy

Buckeye Partners Announces Strategic Investment in OneH2, a Provider of Turn-Key Hydrogen Fuel Solutions

HOUSTON, Jan. 27, 2021 (GLOBE NEWSWIRE) -- Buckeye Partners L.P. (“Buckeye”) announced today that it had made an equity investment in OneH2, Inc. (“OneH2”), a provider of hydrogen fuel supply and logistics solutions. OneH2 provides scalable hydrogen fuel production systems coupled with cost-effect…

IFM Investors Completes Acquisition of Buckeye Partners, L.P.

Acquisition Strengthens IFM’s Midstream Energy Infrastructure Portfolio Acquisition Strengthens IFM’s Midstream Energy Infrastructure Portfolio

Buckeye Partners, L.P. to Release 2019 Second Quarter Financial Results

HOUSTON, July 25, 2019 (GLOBE NEWSWIRE) -- Buckeye Partners, L.P. (“Buckeye”) (NYSE: BPL) is scheduled to release its 2019 second quarter earnings on August 1, 2019.
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Buckeye Partners Frequently Asked Questions

  • When was Buckeye Partners founded?

    Buckeye Partners was founded in 1886.

  • Who are Buckeye Partners key executives?

    Buckeye Partners's key executives are Clark Smith, Robert Malecky and Khalid A. Muslih.

  • How many employees does Buckeye Partners have?

    Buckeye Partners has 1,850 employees.

  • What is Buckeye Partners revenue?

    Latest Buckeye Partners annual revenue is $4.1 b.

  • What is Buckeye Partners revenue per employee?

    Latest Buckeye Partners revenue per employee is $2.2 m.

  • Who are Buckeye Partners competitors?

    Competitors of Buckeye Partners include Targa Resources, EnLink Midstream and Enable Midstream Partners.

  • Where is Buckeye Partners headquarters?

    Buckeye Partners headquarters is located at 1 Greenway Plaza #600, Houston.

  • Where are Buckeye Partners offices?

    Buckeye Partners has offices in Houston and Breinigsville.

  • How many offices does Buckeye Partners have?

    Buckeye Partners has 2 offices.