Buckeye Partners Earnings: What Investors Should Watch

Buckeye Partners Lp (NYSE:BPL) will report earnings before markets open on Friday, May 3rd. Buckeye Partners, L.P. is an independent pipeline common carrier of refined petroleum products. The Company receives petroleum products from refineries, connecting pipelines, and marine terminals and transports those products to other locations.

Here is your Cheat Sheet to Buckeye Partners Lp Earnings:

Earnings Expectations: Analysts expect earnings of $0.71 per share on revenues of $1.29 billion. Currently, the company’s P/E ratio stands at 26.50.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.78 to a profit $0.7. For the current year, the average estimate is a profit of $3.19, which is worse than the estimate ninety days ago.

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Earnings Trends:

Here’s how Buckeye Partners Lp has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 1,897 1,770 3,151 4,760 4,357
Diluted EPS ($) 3.00 2.49 0.0165 0.012 0.0232

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 1,313 1,259 982.64 965.97 1,149
Diluted EPS ($) 0.6377 0.54 0.55 0.87 0.3549

Past Performance:
Buckeye Partners Lp has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.

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