BKEP News

With oil at an extreme level of contango, Blue Knight's storage assets appear set to benefit.The MLP is fairly valued on an underlying basis, hence storage profits present a free call option for investors.The company also has little direct oil and gas exposur…

Conservative capex by North American energy producers and lackluster international and offshore activities are likely to dent Core Labs' (CLB) performance in the near future.

Blueknight Energy Partners, L.P. ("Blueknight" or the "Partnership") (NASDAQ: BKEP) (NASDAQ: BKEPP), plans to release fourth quarter and full year 2019 financial results after market close on Wednesday, March 25, 2020.

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Blueknight Energy Partners, L.P. ("Blueknight" or the "Partnership") (Nasdaq: BKEP and BKEPP) today announced its financial results for the three months ended March 31, 2020. Net income was $0.0 million for the first quarter of 2020, as compared to net income of $3.8 million for the same period in 2019. Net income for 2020 includes non-cash impairment expense of $5.1 million, primarily due to adjusting the cost basis of pipeline linefill to the market price of crude oil as of March 31, 2020. Adjusted earnings before interest, taxes, depreciation and amortization ("Adjusted EBITDA") was $15.0 million for the three months ended March 31, 2020, as compared to $14.5 million for the same period in 2019 (note non-GAAP financial measures reflected exclude non-cash gains and losses on asset sales). The increase in total Adjusted EBITDA year-over-year reflects stable total operating margins, higher other income related to insurance reimbursements and lower corporate overhead expenses.

Alerian announced the results of the March quarterly review for the Alerian Index Series. All changes will be implemented as of the close of business on Friday, March 20, 2020.

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TULSA, Okla.--(BUSINESS WIRE)--Blueknight Energy Partners, L.P. (“Blueknight” or the “Partnership”) (NASDAQ: BKEP and BKEPP), plans to release first quarter 2020 financial results after market close on Wednesday, May 6, 2020. The Partnership will discuss its …

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Q3 2019 Blueknight Energy Partners LP Earnings Call

Q1 2020 Blueknight Energy Partners LP Earnings Call

Blueknight Energy Partners, L.P. ("Blueknight" or the "Partnership") (Nasdaq: BKEP and BKEPP) today announced its financial results for the three and twelve months ended December 31, 2019. Net income was $4.3 million for the fourth quarter of 2019, as compared to a net loss of $50.7 million for the same period in 2018. The increase was driven by 2018 impairment charges related to the Oklahoma pipeline system and the Cimarron Express pipeline project and stronger 2019 performance across the three crude oil business segments. Adjusted earnings before interest, taxes, depreciation and amortization ("Adjusted EBITDA") was $16.0 million for the three months ended December 31, 2019, as compared to $13.9 million for the same period in 2018. The 15% year-over-year increase in Adjusted EBITDA was primarily due to stronger performance across the three crude oil business segments.

TULSA, Okla.--(BUSINESS WIRE)--Blueknight Energy Partners, L.P. (“Blueknight” or the “Partnership”) (Nasdaq: BKEP and BKEPP) today announced its financial results for the three months ended March 31, 2020. Net income was $0.0 million for the first quarter of …

Blueknight Energy Partners, L.P. ("Blueknight" or the "Partnership") (NASDAQ: BKEP and BKEPP), plans to release first quarter 2020 financial results after market close on Wednesday, May 6, 2020.

Q4 2019 Blueknight Energy Partners LP Earnings Call

Blueknight Energy Partners, L.P. ("Blueknight" or the "Partnership") (Nasdaq: BKEP and BKEPP), announced today that the board of directors of its general partner has declared a quarterly cash distribution on the Partnership’s common units of $0.04 per common unit, as well as a cash distribution of $0.17875 per unit on the Partnership’s preferred units for the quarter ended March 31, 2020. The first quarter 2020 distributions for both the preferred and common units remain unchanged from those paid for the fourth quarter of 2019. The distributions are payable on May 14, 2020, on all outstanding common and preferred units to unitholders of record as of the close of business on May 4, 2020.

Q2 2019 Blueknight Energy Partners LP Earnings Call