Buckeye Partners

FRONTIER COMMUNICATIONS CORP. $5.35 (www.frontier.com) earned $0.05 a share in three months ended September 30, 2011. That’s down 37.5% from $0.08 a year earlier. These figures exclude unusual costs related to Frontier’s July 2010 purchase of 4 million regular phone, or landline, accounts from Verizon. Revenue fell 8.0%, to $1.3 billion from $1.4 billion. Strong sales of high-speed Internet and …read more »

NEWELL RUBBERMAID INC. $17 (www.newellrubbermaid.com) continues to close plants and get out of less profitable businesses. The company uses resins from oil to make most of storage bins, tools and household products, so these moves are helping it offset rising raw-material costs. In the first quarter of 2011, Newell’s earnings per share rose 20.0%, to $0.30 from $0.25 a year …read more »

Buckeye Partners L.P., symbol BPL on New York, operates over 8,700 kilometres of pipelines in the northeastern and midwestern U.S. These lines pump gasoline, jet fuel and other petroleum products. Buckeye also owns oil and natural-gas storage terminals and other related businesses.

Buckeye is one of the income investing picks we analyze in Wall Street Stock Forecaster.

In 2010, Buckeye’s revenue jumped …read more »

BUCKEYE PARTNERS L.P. $67 (New York symbol BPL; Income Portfolio, Utilities sector; Units outstanding: 51.6 million; Market cap: $3.5 billion; Price-to-sales ratio: 1.3; Dividend yield: 5.8%; TSINetwork Rating: Average; www.buckeye.com) operates over 8,700 kilometres of pipelines in the northeastern and midwestern U.S. These lines pump gasoline, jet fuel and other petroleum products. Buckeye also owns oil and natural-gas storage terminals …read more »

BUCKEYE PARTNERS L.P. $37 (New York symbol BPL; Income Portfolio, Utilities sector; Units outstanding: 48.4 million; Market cap: $1.8 billion; Price-to-sales ratio: 0.9; WSSF Rating: Average) operates over 8,700 kilometres of pipelines that pump gasoline, jet fuel and other petroleum products.

In 2008, Buckeye’s earnings rose 17.9%, to $183.2 million from $155.4 million in 2007, largely as a result of acquisitions, …read more »

Buckeye and Cedar Fair operate in industries that are difficult to enter, which limits competition. This competitive advantage should continue to let both of them pay above-average distribution yields, despite the difficult economy.

BUCKEYE PARTNERS L.P. $37 (New York symbol BPL; Income Portfolio, Utilities sector; Units outstanding: 48.4 million; Market cap: $1.8 billion; Price-to-sales ratio: 0.9; WSSF Rating: Average) operates over …read more »

AT&T INC. $28 (New York symbol T) earned $0.55 a share in the third quarter of 2008, up 10.0% from $0.50 a year earlier. Most of that gain was due to strong demand for Apple’s iPhone and high-speed Internet services. If you exclude costs related to acquisitions and other unusual items, earnings per share fell 5.6% to $0.67 from $0.71. …read more »

BUCKEYE PARTNERS L.P. $43 earned $40.9 million in the second quarter of 2008, up 18.6% from $34.5 million a year earlier. Per-unit earnings were unchanged at $0.70 due to more units outstanding. Acquisitions pushed revenue up to $492.5 million from $125.0 million. Buckeye also increased its quarterly distribution by 1.5%. The new annual rate of $3.45 yields 8.0%. Buy.

H.J. HEINZ …read more »

BUCKEYE PARTNERS L.P. $46 (New York symbol BPL; Income Portfolio, Utilities sector; Units outstanding: 48.0 million; Market cap: $2.2 billion; WSSF Rating: Average) has sold 2.3 million units to the public at $44.65 each. Buckeye will use the proceeds of $102.7 million to help pay for its recent $145.5 million purchase of Farm & Home Oil Co., a Pennsylvania-based wholesale …read more »

CEDAR FAIR L.P. $24 (New York symbol FUN) lost $0.08 a unit in 2007. However, that figure included a $1.00 a unit charge related to the restructuring of its Geauga Lake amusement park in Ohio. The company earned $1.59 a unit in 2006. Revenue grew 18.7%, to $987.0 million from $831.4 million. Cedar Fair has also increased its quarterly distribution …read more »