Blueknight Announces Second Quarter 2019 Results
Blueknight Energy Partners L.P. - Common Units representing Limited Partner Interests (BKEP)
Last blueknight energy partners l.p. - common units representing limited partner interests earnings: 8/7 04:30 pm
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Source: Business Wire
Second Quarter HighlightsNet income of $3.4 million, operating income of $7.2 million and Adjusted EBITDA of $15.1 millionAsphalt terminalling services operating margin, excluding depreciation and amortization, of $13.8 million, negatively impacted year-over-year by severe weather and the July 2018 asset divestitureCrude oil terminalling services operating margin, excluding depreciation and amortization, of $3.3 million driven by significant throughput and more leased storage, higher year-over-year by 153% and 44%, respectivelyHigher operating margin in crude oil pipeline services primarily due to a 60% increase in volumes from prior yearOn track to achieve 2019 financial targets with distribution coverage of 1.11 times and leverage ratio of 4.6 times for first half 2019 TULSA, Okla.--(BUSINESS WIRE)--Blueknight Energy Partners, L.P. (“BKEP” or the “Partnership”) (Nasdaq: BKEP and BKEPP) today announced its financial results for the three and six months ended June 30, 2019. Net in
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