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Last $6.20 USD
Change Today -0.14 / -2.21%
Volume 98.1K
BKEP On Other Exchanges
Symbol
Exchange
NASDAQ GM
Frankfurt
As of 8:10 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

blueknight energy partners l (BKEP) Snapshot

Open
$6.25
Previous Close
$6.34
Day High
$6.29
Day Low
$6.05
52 Week High
09/2/14 - $8.89
52 Week Low
12/16/14 - $5.48
Market Cap
204.3M
Average Volume 10 Days
71.9K
EPS TTM
$0.16
Shares Outstanding
32.9M
EX-Date
07/31/15
P/E TM
37.7x
Dividend
$0.57
Dividend Yield
8.92%
Current Stock Chart for BLUEKNIGHT ENERGY PARTNERS L (BKEP)

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blueknight energy partners l (BKEP) Details

Blueknight Energy Partners, L.P. 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 Crude Oil Terminalling and Storage Services segment owns and operates oil terminalling facilities and storage tanks with an aggregate of approximately 7.7 million barrels of storage capacity to manage its customers crude oil inventories and enhance flexibility in their marketing and operating activities. The Crude Oil Pipeline Services segment owns and operates crude oil transportation system in the Mid-Continent region of the United States with a combined length of approximately 500 miles; and a 200 mile tariff-regulated crude oil gathering and transportation pipeline in the Longview, Texas, as well as Eagle North system in the Mid-Continent region of the United States with a length of approximately 200 miles. The Crude Oil Trucking and Producer Field Services segment offers crude oil producer field services comprising gathering condensates from natural gas companies and hauling produced water to disposal wells. It owns or leases 156 tanker trucks to gather crude oil in Kansas, Oklahoma, Texas, New Mexico, and Colorado The Asphalt Services segment offers asphalt services that enable its customers to manage their asphalt product storage, processing, and marketing activities. It has 42 asphalt cement terminals located in 21 states. Blueknight Energy Partners G.P., L.L.C. operates as a 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.

526 Employees
Last Reported Date: 03/11/15

blueknight energy partners l (BKEP) Top Compensated Officers

Chief Executive Officer of Blueknight Energy ...
Total Annual Compensation: $832.9K
Chief Financial Officer of Blueknight Energy ...
Total Annual Compensation: $440.8K
Chief Operating Officer of Blueknight Energy ...
Total Annual Compensation: $329.3K
Chief Legal Officer of Blueknight Energy Part...
Total Annual Compensation: $391.4K
Chief Accounting Officer of Blueknight Energy...
Total Annual Compensation: $313.1K
Compensation as of Fiscal Year 2014.

blueknight energy partners l (BKEP) Key Developments

Blueknight Energy Partners Seeks Acquisition

Blueknight Energy Partners, L.P. (NasdaqGM:BKEP) is consider growth opportunities including additional acquisitions in crude oil and asphalt terminalling businesses given to their strong performance even in tough market conditions.

Blueknight Energy Partners, L.P. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Capital Expenditure Guidance for the Year of 2015

Blueknight Energy Partners, L.P. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenue of $46,574,000 against $45,797,000 a year ago. Operating income was $8,484,000 against $7,526,000 a year ago. Income before income taxes was $7,816,000 against $3,753,000 a year ago. Net income was $7,710,000 against $3,619,000 a year ago. Income available to limited partners was $2,078,000 against loss available to limited partners of $1,868,000 a year ago. Basic and diluted net income per common unit was $0.06 against basic and diluted net loss per common unit of $0.08 a year ago. Total operating margin, excluding depreciation and amortization was $19,929,000 against $17,776,000 a year ago. Distributable cash flow of $13,293,000 for the three months ended June 30, 2015, compared to $10,732,000 for the three months ended June 30, 2014, an increase of 23.9%. The company’s adjusted EBITDA was $17,200,000 for the second quarter of 2015, compared to $14,800,000 for the same period in 2014, an increase of 16.2%. Maintenance capital expenditures, net of reimbursable expenditures were $1,020,000 against $1,466,000 a year ago. For the six months, the company reported total revenue of $88,930,000 against $92,239,000 a year ago. Operating income was $13,782,000 against $14,378,000 a year ago. Income before income taxes was $9,487,000 against $7,746,000 a year ago. Net income was $9,289,000 against $7,512,000 a year ago. Loss available to limited partners was $1,837,000 against $3,459,000 a year ago. Basic and diluted net loss per common unit was $0.05 against $0.15 a year ago. Total operating margin, excluding depreciation and amortization was $36,546,000 against $35,034,000 a year ago. Distributable cash flow for the six months ended June 30, 2015, was $24,324,000 compared to $20,708,000 for the same period in 2014, an increase of 17.5%. Adjusted EBITDA was $30,100,000 for the six months ended June 30, 2015, compared to $28,200,000 for the same period in 2014, an increase of 6.6%. Maintenance capital expenditures, net of reimbursable expenditures were $2,926,000 against $2,490,000 a year ago. The company expects maintenance capital expenditures to be in the $9 million to $11 million range, net of reimbursable expenditures for 2015.

Blueknight Energy Partners, L.P. to Report Q2, 2015 Results on Aug 05, 2015

Blueknight Energy Partners, L.P. announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Aug 05, 2015

 

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Industry Analysis

BKEP

Industry Average

Valuation BKEP Industry Range
Price/Earnings 28.4x
Price/Sales 1.1x
Price/Book 0.4x
Price/Cash Flow 7.3x
TEV/Sales 2.0x
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