RBC Capital Downgrades Blueknight Energy Partners (BKEP) to Sector Perform
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Blueknight Reports 29.6 Percent Increase in Distributable Cash Flow and 28.2 Percent Increase in Adjusted EBITDA in the Third Quarter
November 4, 2015 4:39 PM ESTOKLAHOMA CITY--(BUSINESS WIRE)-- Blueknight Energy Partners, L.P. (BKEP or the Partnership) (NASDAQ: BKEP)(NASDAQ: BKEPP), a midstream energy company providing integrated services for companies engaged in the production, distribution and marketing of crude oil, asphalt and other petroleum products, today announced distributable cash flow of $20.6 million for the three months ended September 30, 2015, compared to $15.9 million for the three months ended September 30, 2014, an increase of 29.6%. Distributable cash flow for the nine months ended September 30, 2015, was $44.9 million versus $36.7 million for the same period in 2014, an increase of 22.3%. Distributable cash... More
