Blueknight Declares Quarterly Distributions
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
OKLAHOMA CITY--(BUSINESS WIRE)-- Blueknight Energy Partners, L.P. (NASDAQ: BKEP - Common Units) (NASDAQ: BKEPP - Preferred Units) (“BKEP” or the “Partnership”), 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. “The reduction of the common unit distribution to $0.04 per common unit is a key step in our efforts to strengthen our balance sheet,” stated Mark Hurley, CEO of the Partnership. “Our previous earnings guidance, as well as our year-end targets of distribution coverage greater than 1.0x and a leverage ratio between 4.0x and 4.5x, remain unchanged.” The distributions are payable on May 14, 2019, on all outstanding common and preferred units to unitholders of record as of the close of business on May 3, 201
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