CIK 805022

Buckeye Partners, L.P.

CIK 0000805022 · EDGAR ↗

cleanelevatedtriggeredno dataplanned

73.8

composite · 4 signals · ELEVATED

Every card below shows the score and the exact filing data it was computed from — no unexplained numbers. Some signals (P-02, P-03, P-08, P-09, P-10, P-11) pull live documents from SEC EDGAR the first time you view this company; a few of those (P-03, P-10, P-11) use AI to read the filing text, but every AI claim must quote the actual document verbatim or it's discarded — never a guess.

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Signals

P-05 · FY 2017-12-31 · ELEVATED100.0

Tax arbitrage

ETR 0.2% vs 21% statutory — gap persistent across 2 of 2 years

trend: flat

Trend

Source: 10-K on SEC.gov (filed 2019-02-15) ↗

Evidence — inputs and thresholds

{
  "etr_by_year": {
    "2017-12-31": 0.0018,
    "2016-12-31": 0.0027
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2017-12-31": 0.2082,
    "2016-12-31": 0.2073
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2018-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/805022/000080502219000011/0000805022-19-000011-index.htm",
    "form": "10-K",
    "filed": "2019-02-15"
  }
}

P-13 · FY 2018-12-31 · ELEVATED20.0

Zombie / distress

Altman Z'' -0.12 in the distress zone

trend: flat

Trend

Source: 10-K on SEC.gov (filed 2019-02-15) ↗

Evidence — inputs and thresholds

{
  "icr_by_year": {
    "2018-12-31": 2.193,
    "2017-12-31": 3.038,
    "2016-12-31": 3.779,
    "2015-12-31": 3.526
  },
  "consecutive_years_below_1": 0,
  "altman_z_double_prime": -0.124,
  "definitions": {
    "zombie": "ICR<1 for 3+ consecutive FYs (BIS 2018)",
    "z_distress": "<1.1 distress, 1.1-2.6 gray, >2.6 safe"
  },
  "inputs": {
    "ebit_t": 417031000,
    "interest_expense_t": 190172000
  },
  "stale": false,
  "latest_filing_period": "2018-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/805022/000080502219000011/0000805022-19-000011-index.htm",
    "form": "10-K",
    "filed": "2019-02-15"
  }
}

P-01 · FY 2018-12-31 · CLEAN12.5

Earnings quality

Beneish M-Score -3.06 — no manipulation profile

trend: flat

Trend

Source: 10-K on SEC.gov (filed 2019-02-15) ↗

Evidence — inputs and thresholds

{
  "m_score": -3.064,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 0.721,
    "GMI": 1.192,
    "AQI": 0.725,
    "SGI": 1.126,
    "DEPI": 1.025,
    "SGAI": 1,
    "LVGI": 1.059,
    "TATA": -0.088
  },
  "defaulted_to_neutral": [
    "SGAI"
  ],
  "sloan_accruals": -0.0841,
  "inputs": {
    "revenue_t": 4108275000,
    "revenue_t1": 3648145000,
    "total_assets_t": 9355550000,
    "net_income_t": -59038000,
    "cfo_t": 767829000
  },
  "stale": false,
  "latest_filing_period": "2018-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/805022/000080502219000011/0000805022-19-000011-index.htm",
    "form": "10-K",
    "filed": "2019-02-15"
  }
}

P-12 · FY 2018-12-31 · CLEAN5.5

Restatement predictor

F-Score 0.17 — at or below the population base rate

trend: flat

Trend

Source: 10-K on SEC.gov (filed 2019-02-15) ↗

Evidence — inputs and thresholds

{
  "f_score": 0.166,
  "probability": 0.00061,
  "components": {
    "rsst": -0.0841,
    "drec": -0.0052,
    "dinv": -0.0092,
    "soft": 0.2607,
    "dcs": 0.1401,
    "droa": -0.0528,
    "issue": 0
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2018-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/805022/000080502219000011/0000805022-19-000011-index.htm",
    "form": "10-K",
    "filed": "2019-02-15"
  }
}