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 Pipelines and Terminals, Global Marine Terminals, Merchant Services, Development and Logistics segments. The Pipelines and 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 Merchant Services segment is a wholesale distributor of refined petroleum products in the continental United States and in the Caribbean. This segment increases the utilization of its existing pipeline and terminal assets by marketing refined petroleum products in certain areas served by its pipelines and terminals. The Development and Logistics segment provides turn-key operations and maintenance, asset development and construction services for third-party pipeline and energy assets across the U.S. This segment operates and maintains third-party pipelines under agreements with major oil and gas, petrochemical and chemical companies, which are located primarily in Texas and Louisiana. Buckeye Partners was founded in December 1986 and is headquartered in Houston, TX.