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 .............................................................