Blueknight Announces Second Quarter 2021 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: GlobeNewswire
Highlights •Income from continuing operations was $7.1 million compared to $5.4 million in second quarter 2020 •Earnings from continuing operations outpacing prior year with second quarter 2021 Adjusted EBITDA of $12.0 million and Distributable Cash Flow of $9.7 million, up 6% and 25%, respectively •Expected to meet or exceed 2021 guidance on key financial targets with second quarter distribution coverage ratio of 1.97 times on common unit distributions and 1.21 times on all distributions •Successful refinance of $300.0 million credit facility, extending liquidity and financial flexibility through May 2025 TULSA, Okla., Aug. 03, 2021 (GLOBE NEWSWIRE) -- Blueknight Energy Partners, L.P. (“Blueknight” or the “Partnership”) (Nasdaq: BKEP and BKEPP) today reported its financial results for the second quarter ended June 30, 2021. Income from continuing operations was $7.1 million in second quarter 2021, compared to $5.4 million for the same period in 2020. Adjusted earnings before int
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