Blueknight Announces Third 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
Third Quarter HighlightsNet income of $7.0 million, operating income of $11.0 million and Adjusted EBITDA of $18.0 millionAsphalt terminalling services operating margin, excluding depreciation and amortization, of $17.1 million, slightly higher year-over-year after excluding July 2018 asset divestitureCrude oil terminalling services operating margin, excluding depreciation and amortization, of $3.3 million driven by more throughput and contracted storage, which increased year-over-year by 209% and 99%, respectivelyCrude oil pipeline services operating margin, excluding depreciation and amortization, of $0.6 million; higher year-over-year driven by improved marginsOn track to exceed 2019 financial targets with third quarter distribution coverage of 1.43 times and leverage ratio of 4.24 times TULSA, Okla.--(BUSINESS WIRE)--Blueknight Energy Partners, L.P. (“BKEP” or the “Partnership”) (Nasdaq: BKEP) (Nasdaq: BKEPP) today announced its financial results for the three and nine months e
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