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EARNINGS PER UNIT (Tables)
 3 Months Ended
Mar. 31, 2015
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

 

 

 

March 31,

 

 

 

2015

 

2014

 

 

 

 

 

 

 

Net income attributable to Buckeye Partners, L.P.

 

$
111,611 

 

$
90,468 

 

 

 

 

 

 

 

Basic:

 

 

 

 

 

Weighted average units outstanding - basic

 
127,175 

 
115,319 

 

Earnings per unit - basic

 

$
0.88 

 

$
0.78 

 

 

 

 

 

 

 

Diluted:

 

 

 

 

 

Weighted average units outstanding - basic

 
127,175 

 
115,319 

 

Dilutive effect of LP Unit options and LTIP awards granted

 
432 

 
477 

 

Weighted average units outstanding - diluted

 
127,607 

 
115,796 

 

Earnings per unit - diluted

 

$
0.87 

 

$
0.78