Midstream - Pipelines | Midstream - Construction
Buckeye Partners Q1 Update
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Buckeye Partners, L.P. has reported income from continuing operations for the first quarter of 2014 of $101.5 million compared to income from continuing operations for the first quarter of 2013 of $94.8 million.
Clark C. Smith, President and Chief Executive Officer said: "The contribution from the terminals recently acquired from Hess Corporation as well as returns on growth capital investments drove strong financial results from our Pipelines & Terminals and Global Marine Terminals segments.
This was the first full quarter contribution from the Hess terminals as the acquisition closed in December 2013. Work remains to be done on our Hess integration and commercialization efforts to realize the full benefit from this acquisition, but we are pleased with our results to date.
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