Buckeye Partners Earnings: Everything You Must Know Now

Buckeye Partners LP (NYSE:BPL) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

Buckeye Partners LP Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 30.91% to $0.72 in the quarter versus EPS of $0.55 in the year-earlier quarter.

Revenue: Rose 2.28% to $1.01 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Buckeye Partners LP reported adjusted EPS income of $0.72 per share. By that measure, the company missed the mean analyst estimate of $0.78. It missed the average revenue estimate of $1.23 billion.

Quoting Management: “Growth capital investments and strong business conditions contributed to our excellent financial results for the quarter,” stated Clark C. Smith, President and Chief Executive Officer. “We continued to benefit from increased throughput volumes on our domestic pipeline and terminal systems this quarter. In addition, our capital investments in our International Operations segment as well as improved rack margins and continued success in executing our risk management strategy in our Energy Services segment were solid contributors to our results.”

Key Stats (on next page)…

Revenue decreased 25.28% from $1.34 billion in the previous quarter. EPS decreased 16.28% from $0.86 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.83 to a profit $0.86. For the current year, the average estimate has moved up from a profit of $3.20 to a profit of $3.38 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)