Buckeye Partners (BPL)

BPL Profile

Sector: Energy
Industry: Oil & Gas Midstream

Buckeye Partners, L.P. is a publicly-traded master limited partnership (NYSE: BPL) that provides mid-stream energy logistics services. Buckeye owns and operates one of the nation’s largest independent petroleum products common carrier pipeline networks providing refiners, wholesalers, marketers, airlines, railroads and other commercial end-users with dependable, all-weather transportation of refined petroleum products. The Partnership transports refined products by pipeline principally in the Northeastern and upper Midwestern states. Buckeye also operates and maintains pipelines that it does not own, primarily in the Gulf Coast region, under contracts with major oil and petrochemical companies. In addition to pipeline transportation services, Buckeye provides terminalling, storage and refined product distribution services. The Partnership owns more than 100 refined petroleum products terminals with an aggregate storage capacity of over 64 million barrels, and owns and operates a major natural gas storage facility in California. Its Buckeye Energy Services subsidiary is one of the leading independent fuel distributors in the Mid-Atlantic region. In addition, the Partnership is the largest stockholder of West Shore Pipe Line Company and owns a 75 percent interest in WesPac Pipelines-Memphis LLC. Buckeye Partners was founded in 1986 and is based in Houston, Texas.