EARNINGS PER UNIT (Tables)

9 Months Ended

Sep. 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				Nine Months Ended
	September 30,				September 30,
	2013		2012		2013		2012
Net income attributable to Buckeye Partners, L.P.	$	77,254	$	85,116	$	243,025	$	191,454
Basic:
Weighted average units outstanding - basic	106,223		97,993		105,068		97,017
Earnings per unit - basic	$	0.73	$	0.87	$	2.31	$	1.97
Diluted:
Weighted average units outstanding - basic	106,223		97,993		105,068		97,017
Dilutive effect of LP Unit options and LTIP awards granted	551		349		448		323
Weighted average units outstanding - diluted	106,774		98,342		105,516		97,340
Earnings per unit - diluted	$	0.72	$	0.87	$	2.30	$	1.97