Buckeye Partners, L.P. BPL reported first-quarter 2019 earnings of 52 cents per unit, lagging the Zacks Consensus Estimate of 59 cents by 11.9%. The bottom line also declined 29.7% year over year.Total RevenuesIn the quarter under review, Buckeye Partners’ total revenues came in at $1,028.9 million, beating the Zacks Consensus Estimate of $1,005 million by 2.4%.However, the top line lagged the year-ago revenues of $1,183.1 million by 13.1%. The decline was due to lower contribution from all its reportable segments.Buckeye Partners L.P. Price, Consensus and EPS Surprise Buckeye Partners L.P. price-consensus-eps-surprise-chart | Buckeye Partners L.P. QuoteHighlights of the ReleaseToday, Buckeye Partners announced a definitive agreement, under which the IFM Global Infrastructure Fund will acquire all of the outstanding public common units of the firm for $41.50 per common unit.In the first quarter, the partnership’s adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) from continuing operations decreased 17.3% from the prior-year level to $216.4 million.Total costs and expenses were $894.5 million, down 11.8% from the year-earlier figure of $1,013.6 million. Operating income in the reported quarter was $134.2 million, down 20.8% from the year-ago period.Financial ScreeningAs of Mar 31, 2019, Buckeye Partners had cash and cash equivalents of $1.5 million compared with $1.8 million on Dec 31, 2018.Long-term debt as of Mar 31, 2019 was $3,683 million, lower than $4,536.7 million on Dec 31, 2018.Total capital expenditure in the first quarter was $103.4 million, down 11.5% from $116.9 million invested in the year-ago period.Zacks RankBuckeye Partners currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Other ReleasesPlains All American Pipeline, L.P. PAA reported first-quarter 2019 adjusted earnings of 69 cents per unit, beating the Zacks Consensus Estimate of 59 cents by 16.9%.Enterprise Products Partners L.P. EPD reported first-quarter 2019 adjusted earnings per limited partner unit of 57 cents, which beat the Zacks Consensus Estimate of 47 cents.ONEOK Inc. OKE reported first-quarter 2019 operating earnings of 81 cents per share, which surpassed the Zacks Consensus Estimate of 73 cents by 10.96%.Biggest Tech Breakthrough in a GenerationBe among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 7 stocks to watch. The report is only available for a limited time.See 7 breakthrough stocks now>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ONEOK, Inc. (OKE): Free Stock Analysis Report Plains All American Pipeline, L.P. (PAA): Free Stock Analysis Report Enterprise Products Partners L.P. (EPD): Free Stock Analysis Report Buckeye Partners L.P. (BPL): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research