Blueknight Provides 2020 Guidance and Fourth Quarter and Full Year 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
Check Earnings Report
US:NASDAQ Investor Relations:
investor.bkep.com
Company Research
Source: Business Wire
Highlights• Fourth quarter net income of $4.3 million, operating income of $7.9 million, and Adjusted EBITDA of $16.0 million; full year net income of $18.4 million, operating income of $34.2 million, and Adjusted EBITDA of $63.6 million• Exceeded 2019 financial targets with fourth quarter and full year distribution coverage of 1.36 times and 1.20 times, respectively, and leverage ratio of 4.05 times• Balance sheet strengthened through strong business performance, cost efficiencies and disciplined capital management to position Partnership to settle Ergon put for $12.2 million on January 3, 2020• Business and cash flow uniquely positioned and expected to be stable in 2020; guiding to Adjusted EBITDA in-line with 2019, distribution coverage of approximately 1.2 times or greater, and leverage ratio 4.0 to 4.25 times by year end• Incremental revenue expected from increased demand for Cushing crude oil storage in 2020 and 2021 due to contango market fundamentals• Long-term strategy focuse
Show less
Read more
Impact Snapshot
Event Time:
BKEP
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BKEP alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BKEP alerts
High impacting Blueknight Energy Partners L.P. - Common Units representing Limited Partner Interests news events
Weekly update
A roundup of the hottest topics