Buckeye Partners, L.P. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported total revenue of $940,839,000 as compared to $810,201,000 for the same period last year. Operating income was $145,697,000 as compared to $170,754,000 for the same period last year. Income before taxes was $94,099,000 as compared to $117,418,000 for the same period last year. Net income was $93,317,000 as compared to $116,379,000 for the same period last year. Net income attributable to Buckeye Partners, L.P. was $91,904,000 as compared to $112,722,000 for the same period last year. Diluted earnings per unit attributable to Buckeye Partners, L.P was $0.59 as compared to $0.80 for the same period last year. Adjusted EBITDA was $254,853,000 as compared to $269,191,000 for the same period last year. Distributable cash flow was $161,987,000 as compared to $170,350,000 for the same period last year. Maintenance capital for the second quarter of 2018 was $27.2 million compared to $35.6 million for the second quarter of 2017, excluding hurricane-related projects. Return capital spending was $104.6 million during the second quarter.

For the six months, the company reported total revenue of $1,349,037,000 as compared to $965,225,000 for the same period last year. Operating income was $315,210,000 as compared to $343,330,000 for the same period last year. Income before taxes was $210,409,000 as compared to $242,688,000 for the same period last year. Net income was $204,277,000 as compared to $236,298,000 for the same period last year. Net income attributable to Buckeye Partners, L.P. was $236,298,000 as compared to $204,277,000 for the same period last year. Diluted earnings per unit attributable to Buckeye Partners, L.P was $1.33 as compared to $1.67 for the same period last year. Adjusted EBITDA was $546,700,000 as compared to $501,215,000 for the same period last year. Distributable cash flow was $361,059,000 as compared to $361,983,000 for the same period last year.

Company expects maintenance CapEx for the full year to be within the range of $105 million to $125 million and return capital spending to be in the $345 million to $395 million range for the full year.