Buckeye Partners L.P. (BPL) reported fourth-quarter net income to company of $34.96 million or $0.35 per unit including an impairment charge. Excluding the non-cash impairment charge of $60.0 million related to the ceasing of operations of a portion of Buckeye's NORCO pipeline system in January 2013, net income attributable to unitholders was $94.9 million, or $0.96 per unit. Net income attributable to unitholders for the fourth quarter of prior year was $59.7 million, or $0.64 per unit.
Total revenue decreased to $1.15 billion from $1.31 billion last year. Analysts expected revenue of $1.27 billion for the quarter.
On average, 11 analysts polled by Thomson Reuters expected the company to report profit of $0.80 per share for the quarter. Analysts' estimates typically exclude special items. Analysts expected revenue of $1.27 billion for the quarter.
Buckeye also announced that its general partner declared a cash distribution of $1.0375 per limited partner unit for the quarter ended December 31, 2012.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.