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	<title>Stock Blog Hub &#187; Buckeye GP Holdings L.P.</title>
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		<title>(BPL) Buckeye Partners L.P. Rises on Cost Initiatives</title>
		<link>http://www.stockbloghub.com/2010/02/08/bpl-buckeye-partners-l-p-rises-on-cost-initiatives/27325</link>
		<comments>http://www.stockbloghub.com/2010/02/08/bpl-buckeye-partners-l-p-rises-on-cost-initiatives/27325#comments</comments>
		<pubDate>Mon, 08 Feb 2010 18:11:19 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Pipelines]]></category>
		<category><![CDATA[BGH]]></category>
		<category><![CDATA[BPL]]></category>
		<category><![CDATA[Buckeye GP Holdings L.P.]]></category>
		<category><![CDATA[Buckeye Partners LP]]></category>
		<category><![CDATA[ConocoPhillips]]></category>
		<category><![CDATA[COP]]></category>

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		<description><![CDATA[Buckeye Partners L.P. (BPL) earnings in the fourth quarter of 2009 were above Zacks Consensus Estimate of 92 cents per limited partner unit and earnings reported a year ago of 89 cents. Buckeye reported earnings of $1.03 per unit in the quarter. For the full-year 2009, the partnership reported earnings of $3.63 per unit compared to the Zacks Consensus Estimate of $3.50 and the year-ago earnings of $3.00. Revenue increased 8% year over year to $578.9 million in the quarter, while it declined 7% year over year to 1.8 billion for the full-year 2009. The increase in quarterly revenue was primarily due to increased volumes marketed in the energy services segment and higher natural gas storage and terminalling revenues. Buckeye&#8217;s adjusted EBITDA was $105.7 million (up 18%) in the quarter ]]></description>
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