Welcome to our dedicated page for BKEP news (Ticker: BKEP), a resource for investors and traders seeking the latest updates and insights on BKEP stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect BKEP's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of BKEP's position in the market.
Blueknight Energy Partners (BKEP) reported a robust third quarter 2021, with income from continuing operations reaching $12.6 million, a 34% increase year-over-year. Adjusted EBITDA climbed to $16.9 million (+22%) and Distributable Cash Flow rose to $13.9 million (+21%). The partnership also reported a total leverage ratio of 1.87 times and a distribution coverage ratio of 1.73 times. The company expects to exceed its full-year guidance, driven by strong asphalt terminalling services and improved operational efficiencies.
Blueknight Energy Partners, L.P. (BKEP) announced a quarterly cash distribution of $0.04 per common unit and $0.17875 per preferred unit for Q3 2021, unchanged from Q2 2021. Distributions are payable on November 12, 2021, to unitholders of record by the close of business on November 5, 2021. The Partnership, a publicly traded master limited partnership, operates the largest independent asphalt terminalling network in the U.S., with 8.7 million barrels of storage across 53 terminals in 26 states.
Blueknight Energy Partners, L.P. (Nasdaq: BKEP) is set to release its third quarter 2021 financial results after market close on November 10, 2021. A conference call to discuss these results will take place on November 11, 2021, at 10:00 a.m. CST. Participants can join the call by dialing 1-855-327-6837 (or 1-631-891-4304 for international calls). Blueknight operates the largest independent asphalt terminalling network in the U.S., with a storage capacity of 8.7 million barrels across 53 terminals.
Blueknight Energy Partners, L.P. (Nasdaq: BKEP) announces participation in the Sidoti Fall 2021 Virtual Small Cap Investor Conference on September 22-23, 2021. Presentation materials will be available in the 'Investors' section of Blueknight's website at www.bkep.com. The company operates the largest independent asphalt terminalling network in the U.S., with a storage capacity of 8.7 million barrels across 53 terminals in 26 states. Forward-looking statements in the release highlight potential risks and uncertainties that could impact future results.
Blueknight Energy Partners, L.P. (BKEP) reported a strong second quarter 2021, with income from continuing operations reaching $7.1 million, up from $5.4 million in Q2 2020. The company's Adjusted EBITDA rose to $12.0 million, and Distributable Cash Flow increased by 25% to $9.7 million. With a distribution coverage ratio of 1.97 times for common units, BKEP anticipates meeting its 2021 financial guidance. The successful refinancing of a $300 million credit facility enhances liquidity through May 2025, supporting ongoing growth efforts.
Blueknight Energy Partners, L.P. (BKEP) announced a quarterly cash distribution of $0.04 per common unit and $0.17875 per preferred unit for Q2 2021, consistent with the previous quarter. These distributions are payable on August 13, 2021, to unitholders of record by August 6, 2021. The Partnership operates the largest asphalt terminalling network in the U.S., with 8.7 million barrels of liquid asphalt storage across 53 terminals in 26 states.
Blueknight Energy Partners, L.P. (BKEP) will release its second quarter 2021 financial results after market close on August 3, 2021. A conference call to discuss these results is scheduled for August 4, 2021, at 10:00 a.m. CDT. Participants can join by calling 1-855-327-6837 or 1-631-891-4304 for international access. The Partnership operates the largest independent asphalt terminalling network in the U.S., with a capacity of 8.7 million barrels across 53 terminals in 26 states, focusing on integrated solutions for infrastructure and transportation markets.
Blueknight Energy Partners, L.P. (BKEP, BKEPP) has successfully closed a new four-year, $300 million senior secured revolving credit facility, replacing its previous credit facility maturing in May 2022. CEO Andrew Woodward emphasized this move enhances liquidity and financial flexibility, crucial for future growth. Key terms include a facility size allowing $300 million borrowings, an unchanged interest rate of LIBOR plus a margin of 2.00% to 3.25%, and covenants for leverage and interest coverage ratios remaining stable at 4.75 times and 2.50 times, respectively.
Blueknight Energy Partners, L.P. (BKEP, BKEPP) reported a net income of $81.7 million for Q1 2021, a significant rise from $0.0 million in Q1 2020, largely due to a $75.1 million gain from crude oil business sales. Adjusted EBITDA stood at $11.4 million, with revenue increasing to $27.1 million. The partnership's asphalt terminalling services showed a solid operating margin of $14.2 million, and the distribution coverage ratio improved to 1.13 times.
Management emphasized growth and stability, with a focus on disciplined expansion and capital optimization.
Blueknight Energy Partners, L.P. (Nasdaq: BKEP and BKEPP) has declared a quarterly cash distribution of $0.04 per common unit and $0.17875 per preferred unit for Q1 2021. Both distributions remain unchanged from Q4 2020 levels. Payment is set for May 14, 2021, with record date May 7, 2021. The Partnership emphasizes the potential risks affecting future cash flows and distributions, including market conditions and regulatory changes. Blueknight operates the largest independent asphalt terminalling network in the U.S., with substantial storage capacity across 53 terminals in 26 states.
