Buckeye Partners L P Buckeye Partners L P Financial Snapshot by ICDResearch

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									Buckeye Partners, L.P.

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Buckeye Partners, L.P.                                            Financial Snapshot

                                                                  Operating Performance
Fast Facts
                                 One Greenway Plaza, Houston,     The company reported revenue of US$3,151.27
Headquarters Address
                                 77046,United States of America   million during the fiscal year 2010 (2010). The
                                                                  company's revenue grew at a CAGR of 61.66%
Telephone                        + 1 610 9044000
                                                                  during 2006–2010, with an annual growth of 78.00%
                                                                  over 2009. In 2010, the company recorded an
Fax                              N/A                              operating margin of 8.87%, as against 11.51% in
                                                                  2009.
Website                          www.buckeye.com

Ticker Symbol, Stock Exchange    BPL, New York Stock Exchange     Revenue and Margins

Number of Employees              846

Fiscal Year End                  December

Revenue (in US$ million)         3,151.27




                                                                  Return on Equity

                                                                  The company recorded a return on equity (ROE) of
                                                                  3.09% for 2010, as compared to its peers, Sunoco
                                                                  Logistics Partners L.P. (Ticker: SXL), NuStar Energy
                                                                  L.P. (Ticker: NS) and The Williams Companies, Inc.
                                                                  (Ticker: WMB), which recorded ROEs of 35.85%,
                                                                  8.84% and -15.05% respectively. The company
                                                                  reported an operating margin of 8.87% in 2010.


                                                                  Return on Equity




                                                                  Liquidity Position

                                                                  The company reported a current ratio of 1.21 in 2010,
                                                                  as compared to its peers, Sunoco Logistics Partners
                                                                  L.P., NuStar Energy L.P. and The Williams
                                                                  Companies, Inc., which recorded current ratios of
                                                                  1.05, 2.39 and 0.98 respectively. As of December
                                                                  2010, the company recorded cash and short-term
                                                                  investments of worth US$13.63 million, against
                                                                  US$1.52 million current debt. The company reported
                                                                  a debt to equity ratio of 1.30 in 2010 as compared to
                                                                  its peers, Sunoco Logistics Partners L.P., NuStar
                                                                  Energy L.P. and The Williams Companies, Inc., which
                                                                  recorded debt to equity ratios of 1.27, 0.79 and 1.25
                                                                  respectively.




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Buckeye Partners, L.P. - Company Capsule                                                                 Page 1
Buckeye Partners, L.P.

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TABLE OF CONTENTS

1     Business Analysis ................................................................................................................................... 5
    1.1       Company Overview ................................................................................................................................................5
    1.2       Major Products and Services .................................................................................................................................5
2     Analysis of Key Performance Indicators ............................................................................................... 6
    2.1       Five Year Snapshot: Overview of Financial and Operational Performance Indicators ..........................................6
    2.2       Key Financial Performance Indicators ...................................................................................................................9
      2.2.1       Revenue and Operating Profit ...........................................................................................................................9
      2.2.2       Asset, Liabilities and Capex .............................................................................................................................10
      2.2.3       Net Debt vs. Gearing Ratio ..............................................................................................................................11
      2.2.4       Operational Efficiency ......................................................................................................................................12
      2.2.5       Solvency ..........................................................................................................................................................13
      2.2.6       Valuation ..........................................................................................................................................................14
    2.3       Competitive Benchmarking ..................................................................................................................................15
      2.3.1       Market Capitalization .......................................................................................................................................16
      2.3.2       Efficiency ..........................................................................................................................................................17
      2.3.3       Capital Expenditure ..........................................................................................................................................18
      2.3.4       Turnover – Inventory and Asset .......................................................................................................................19
      2.3.5       Liquidity .............................................................
								
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