Last $7.15 USD
Change Today 0.00 / 0.00%
Volume 44.3K
BKEP On Other Exchanges
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As of 2:21 PM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

blueknight energy partners l (BKEP) Snapshot

Open
$7.00
Previous Close
$7.15
Day High
$7.37
Day Low
$7.00
52 Week High
04/21/14 - $9.50
52 Week Low
12/16/14 - $5.48
Market Cap
234.3M
Average Volume 10 Days
77.1K
EPS TTM
$-0.0063
Shares Outstanding
32.8M
EX-Date
01/30/15
P/E TM
--
Dividend
$0.55
Dividend Yield
7.48%
Current Stock Chart for BLUEKNIGHT ENERGY PARTNERS L (BKEP)

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blueknight energy partners l (BKEP) Details

Blueknight Energy Partners, L.P., together with its subsidiaries, provides integrated terminalling, storage, processing, gathering, and transportation services for companies engaged in the production, distribution, and marketing of crude oil and asphalt products in the United States. It operates in four segments: Crude Oil Terminalling and Storage Services, Crude Oil Pipeline Services, Crude Oil Trucking and Producer Field Services, and Asphalt Services. The company offers crude oil terminalling and storage services, which enable it customers to manage their crude oil inventories, and enhance marketing and operating activities; and asphalt services that enable its customers to manage their asphalt product storage, processing, and marketing activities. It also provides crude oil pipeline and crude oil trucking services. In addition, the company offers producer field services, including gathering condensates; hauling produced water to disposal wells; providing hot and cold fresh water; chemical and down hole well treatment; and wet oil clean up, as well as builds and maintains separation facilities. It owns and operates crude oil terminalling and storage assets with 7.8 million barrels of storage capacity; owns and operates 3 crude oil pipeline systems consisting of approximately 920 miles; owns or leases 170 tanker trucks to gather crude oil in Kansas, Oklahoma, Texas, New Mexico, and Colorado; and owns 42 asphalt cement terminals located in 21 states. Blueknight Energy Partners G.P., L.L.C. serves as the general partner of the company. The company was formerly known as SemGroup Energy Partners, L.P. and changed its name to Blueknight Energy Partners, L.P. in December 2009. Blueknight Energy Partners, L.P. is headquartered in Oklahoma City, Oklahoma.

530 Employees
Last Reported Date: 03/12/14

blueknight energy partners l (BKEP) Top Compensated Officers

Chief Executive Officer of Blueknight Energy ...
Total Annual Compensation: $865.0K
Chief Financial Officer of Blueknight Energy ...
Total Annual Compensation: $464.5K
Chief Operating Officer of Blueknight Energy ...
Total Annual Compensation: $348.0K
Chief Legal Officer of Blueknight Energy Part...
Total Annual Compensation: $281.3K
Chief Accounting Officer of Blueknight Energy...
Total Annual Compensation: $313.1K
Compensation as of Fiscal Year 2013.

blueknight energy partners l (BKEP) Key Developments

Blueknight Energy Partners, L.P. Declares Quarterly Cash Distributions on Common Unit and Preferred Unit Payable on February 13, 2015

Blueknight Energy Partners, L.P. announced that the board of directors of its general partner has declared quarterly cash distributions of $0.1365 per common unit, a 1.5% increase over the previous quarter's distribution and a 7.9% increase over the fourth quarter of 2013's distribution, and $0.17875 per preferred unit payable on February 13, 2015 on all outstanding common and preferred units to unit holders of record as of the close of business on February 3, 2015.

BKEP Mulls Acquisitions

Blueknight Energy Partners, L.P. (NasdaqGM:BKEP) is seeking acquisitions. Alex Stallings, Chief Financial Officer and Secretary of BKEP, said, "from just a base business perspective, I mean typically we think about that business growing about 1% to 3% per year and then as Brian mentioned, we are looking for opportunities to make acquisitions to do some consolidation or further consolidation in asphalt."

Blueknight Energy Partners, L.P. Announces Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended September 30, 2014

Blueknight Energy Partners, L.P. announced unaudited consolidated financial results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenue of $48.358 million compared with $54.669 million for the same period last year. Operating income was $12.604 million compared with $18.363 million for the same period last year. Income from continuing operations before income taxes was $11.271 million compared with $16.315 million for the same period last year. Income from continuing operations was $11.271 million or $0.20 diluted per share compared with $16.030 million or $0.29 diluted per share for the same period last year. Income available to limited partners was $5.633 million or $0.20 diluted per share compared with $4.930 million or $0.19 diluted per share for the same period last year. Adjusted EBITDA was $20.188 million compared with $26.013 million for the same period last year. Maintenance capital expenditures, net of reimbursable expenditures was $1.809 million compared with $6.916 million for the same period last year. For the nine months, the company reported total revenue of $140.598 million compared with $144.882 million for the same period last year. Operating income was $26.982 million compared with $36.235 million for the same period last year. Income from continuing operations before income taxes was $19.134 million compared with $26.722 million for the same period last year. Income from continuing operations was $18.783 million or $0.09 diluted per share compared with $26.271 million or $0.41 diluted per share for the same period last year. Income available to limited partners was $2.173 million or $0.09 diluted per share compared with $6.019 million or $0.26 diluted per share for the same period last year. Adjusted EBITDA was $48.433 million compared with $58.434 million for the same period last year. Maintenance capital expenditures, net of reimbursable expenditures was $4.389 million compared with $13.268 million for the same period last year.

 

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Price/Earnings 90.9x
Price/Sales 0.9x
Price/Book 0.4x
Price/Cash Flow 10.0x
TEV/Sales 2.2x
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