Buckeye Partners, L.P. (BPL) reported fourth quarter net income attributable to Buckeye Partners of $77.7 million, compared to $54.12 million last year. Earnings per limited partner unit were $1.17, compared to $0.89 in the same quarter a year earlier.
On average, nine analysts polled by Thomson Reuters expected the company to report earnings of $0.92 per share. Analysts' estimates typically exclude special items.
Total revenue grew to $578.87 million from $527.66 million in the same quarter a year earlier.
Six analysts estimated revenues of $441.33 million.
Buckeye also announced that its general partner, Buckeye GP LLC, declared a cash distribution of $0.9375 per LP unit for the quarter ended December 31, 2009. The distribution will be payable on February 26, 2010, to unitholders of record on February 16, 2010.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.