Buckeye Partners LP (NYSE:BPL)

Buckeye Partners LP is a master limited partnership that provides mid-stream energy logistics services. The company owns and operates petroleum products common carrier pipeline networks providing refiners, wholesalers, marketers, airlines, railroads and other commercial end-users with dependable, all-weather transportation of refined petroleum products. The company operates its business through five segments: Pipelines & Terminals, International Operations, Natural Gas Storage, Energy Services and Development & Logistics. The Pipelines & Terminals segment owns and operates pipeline located primarily in the northeastern and upper midwestern portions of the United States. This segment transports refined petroleum products, including gasoline, jet fuel, diesel fuel, heating oil and kerosene, from major supply sources to terminals and airports located within end-use markets. The International Operations segment provides marine terminal throughput services, marine bulk storage and other related services through two petroleum product terminals located on Grand Bahama Island, in The Bahamas and in Puerto Rico. The Natural Gas Storage segment provides natural gas storage services through a facility located in Northern California. The Energy Services segment is a wholesale distributor of refined petroleum products in the United States. This segment markets gasoline, propane and petroleum distillates, such as heating oil, diesel fuel and kerosene. The Development & Logistics segment consists primarily of terminal and pipeline operations and maintenance services and related construction services for third parties. It is a contract operator of pipelines and terminals primarily located in Texas and Louisiana that are owned by major oil and gas, petrochemical and chemical companies. In addition, this segment provides engineering and construction management services and asset development services to energy companies in the United States and internationally. Buckeye Partners was founded in December 1986 and is headquartered in Houston, TX.