BlueKnight Energy Partners (BKEP) Misses Q4 EPS by 13c, Beats on Revenues

BlueKnight Energy Partners (NASDAQ: BKEP) reported Q4 EPS of ($0.15), $0.13 worse than the analyst estimate of ($0.02). Revenue for the quarter came in at $44.25 million versus the consensus estimate of $43.72 million.

Results for the Quarter:

• Net income of $0.4 million for the three months ended December 31, 2017, as compared to $2.0 million for the same period in 2016. Net income for the fourth quarter ended December 31, 2017, was impacted by a $2.4 million asset impairment charge related to the crude oil trucking and producer field services business segment.
• Operating income of $3.6 million for the three months ended December 31, 2017, as compared to $3.4 million for the same period in 2016.
• Adjusted earnings before interest, taxes, depreciation and amortization (“Adjusted EBITDA”) of $14.1 million for the fourth quarter ended December 31, 2017, as compared to $17.1 million for the same period in 2016.
• Distributable cash flow of $8.6 million for the quarter ended December 31, 2017, as compared to $10.5 million for the same period in 2016. Adjusted EBITDA and distributable cash flow, including a reconciliation of such measures to net income, are explained in the section of this release entitled “Non-GAAP Financial Measures.”

For earnings history and earnings-related data on BlueKnight Energy Partners (BKEP) click here.

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