EARNINGS PER UNIT (Tables)

6 Months Ended

Jun. 30, 2013

EARNINGS PER UNIT

Reconciliation of Weighted Average Number of LP Units Used in Basic and Diluted Earnings Per LP Unit Calculations

The following table is a reconciliation of the weighted average units outstanding used in computing the basic and diluted earnings per unit for the periods indicated (in thousands, except per unit amounts):

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2013		2012		2013		2012
Net income attributable to Buckeye Partners, L.P.	$	76,430	$	54,379	$	165,771	$	106,338
Basic:
Weighted average units outstanding - basic	105,701		97,818		104,481		96,524
Earnings per unit - basic	$	0.72	$	0.56	$	1.59	$	1.10
Diluted:
Weighted average units outstanding - basic	105,701		97,818		104,481		96,524
Dilutive effect of LP Unit options and LTIP awards granted	470		291		397		310
Weighted average units outstanding - diluted	106,171		98,109		104,878		96,834
Earnings per unit - diluted	$	0.72	$	0.55	$	1.58	$	1.10