Buckeye Partners' Q2 adjusted EBITDA drops but beats estimates
Buckeye Partners LP on Aug. 1 reported second-quarter adjusted EBITDA of $214.3 million, a decrease from $254.9 million in the prior-year quarter.
The S&P Global Market Intelligence consensus estimate of adjusted EBITDA was $211.2 million.
Buckeye's distributable cash flow for the quarter was $140.0 million, down from $162.0 million a year earlier. Net income attributable to the partnership came in at $90.0 million, a drop from $91.9 million in the year-ago period.