BPL - Buckeye Partners: Improving Results Worth Watching
On Friday, February 8, 2019, pipeline and storage-focused master limited partnership Buckeye Partners (BPL) announced its fourth-quarter 2018 earnings results. At first glance, these results were quite good, as the company completely blew away the expectations of its analysts, although the earnings number may not be directly comparable to what analysts expected. The market likewise seemed rather pleased with this performance, as the shares traded up with the announcement. A closer look at the earnings report though shows somewhat more mixed numbers, as its domestic pipeline and terminal operations performed very well,