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Buckeye Partners, L.P.

Company Summary

Description

Buckeye Partners, L.P. (NYSE: BPL) is a publicly traded master limited partnership and owns and operates a diversified network of integrated assets providing midstream logistic solutions, primarily consisting of the transportation, storage, and marketing of liquid petroleum products.

Website

http://www.buckeye.com/

Financial Data:

NYSE:BPL from Google Finance

Tickers:

  • BPL - New York Stock Exchange

Related Entities

Recent news

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Investor Presentations

  • January 2018 Investor Bus Tours
  • Jefferies 2017 Energy Conference (subscriber access)
  • 3Q17 VTTI Strategic Investment (subscriber access)
  • September 2017 J.P. Morgan Midwest Energy Infrastructure/MLP 1x1 Forum (subscriber access)
  • September 2017 Barclays CEO Energy-Power Conference (subscriber access)
  • 2017 Citi MLP/Midstream Infrastructure Conference (subscriber access)
  • 2017 Annual Meeting of Limited Partners (subscriber access)
  • May 2017 Wells Fargo Kick the Tires Presentation (subscriber access)
  • Investor Presentation - April 2017 (subscriber access)

Company Transactions

Date: 8/16/2021
Type: Acquisition

SELLERS:
  • OCI Solar Power
  • DETAILS:

    VOLUMES: 270 MW

    NOTES:
    Buckeye Partners has acquired a 270-MW construction-ready solar project from OCI Solar Power, with the facility to be located in Falls County, Texas. They intend to begin project design and construction in late-2021, with commercial operations targeted for 1Q23.
    REGIONS:
  • ERCOT
  • Date: 7/29/2021
    Type: Acquisition

    DETAILS:

    VOLUMES: 180 MW

    NOTES:
    Buckeye Partners has acquired a 180-MW solar development from Belltown Power Texas that will be located 90-miles south of Dallas. The Buckeye will begin construction on the project this year, with plans to bring it online by December 2022.
    REGIONS:
  • ERCOT
  • Date: 4/15/2020
    Type: Acquisition

    NOTES:
    Magellan Midstream has agreed to sell three marine terminals to Buckeye Partners for $250 million. The facilities are located in New Haven, Connecticut, Wilmington, Delaware and Marrero, Louisiana. Closing is expected in the second quarter of 2020.
    REGIONS:
  • Gulf Coast
  • Northeast
  • Date: 12/31/2019
    Type: Acquisition

    BUYERS:
  • IFM Investors
  • DETAILS:

    COST: 10.5 $B

    NOTES:
    IFM Global Infrastructure Fund has entered into a deal to acquire Buckeye Partners for $41.50 per common unit.
    REGIONS:
  • North America
  • Date: 12/31/2018
    Type: Acquisition

    NOTES:
    Buckeye Partners reported that as part of a strategic review process, they have elected to sell their 50% equity interest in VTTI B.V. for $975 million to Vitol and IFM Investors.

    Date: 12/31/2018
    Type: Acquisition

    DETAILS:

    COST: 450 $MM

    NOTES:
    The package includes a jet fuel pipeline in Florida, pipeline assets and terminals at the Reno, Nevada; San Diego, California and Memphis, Tennessee airports; and refined petroleum products terminals in Sacramento and Stockton, California.

    Date: 12/19/2018
    Type: Acquisition

    BUYERS:
  • InstarAGF
  • DETAILS:

    COST: 450 $MM

    NOTES:
    Buckeye Partners completed the sale of domestic pipeline and terminal assets to a subsidiary of InstarAGF Asset Management Inc. for cash proceeds of $450 million

    Date: 5/25/2018
    Type: Acquisition

    NOTES:
    Buckeye Partners has reportedly bought out Trafigura's 20% stake in the Buckeye Texas Partners joint venture on the Gulf Coast. Details of the deal were not disclosed.
    REGIONS:
  • Gulf Coast
  • Date: 1/4/2017
    Type: Acquisition

    DETAILS:

    COST: 1.15 $B

    VOLUMES: 54 MM Bbls

    NOTES:
    Acquisition of a 50% stake in VTTI.
    REGIONS:
  • International