Buckeye Partners' (BPL) Q2 Earnings Beat, Revenues Miss
Zacks Investment Research | Aug 02, 2019 08:40AM ET
Buckeye Partners, L.P. (NYSE:BPL) reported second-quarter 2019 earnings of 58 cents per unit, beating the Zacks Consensus Estimate of 55 cents by 5.4%. However, the bottom line declined by a penny from the year-ago quarter.
Total Revenues
In the quarter under review, Buckeye Partners’ total revenues came in at $791.7 million, lagging the Zacks Consensus Estimate of $1,007 million by 21.4%.
The top line also declined 15.8% from the year-ago revenues of $940.8 million. The decline was due to lower contribution from all its reportable segments.
Buckeye Partners L.P. Price, Consensus and EPS Surprise
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Other Releases
ONEOK Inc. (NYSE:OKE) reported second-quarter 2019 operating earnings of 75 cents per share, which surpassed the Zacks Consensus Estimate of 70 cents by 7.1%.
Magellan Midstream Partners, L.P. (NYSE:MMP) reported second-quarter 2019 adjusted earnings of $1.20 per unit, beating the Zacks Consensus Estimate of $1.07 by 12.1%.
Enterprise Products Partners L.P. (NYSE:EPD) reported second-quarter 2019 adjusted earnings per limited partner unit of 55 cents, which beat the Zacks Consensus Estimate of 52 cents.
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