BlueKnight Energy Partners (BKEP) Misses Q1 EPS by 4c
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Blueknight Announces First Quarter 2016 Results
May 4, 2016 5:33 PM EDTOKLAHOMA CITY--(BUSINESS WIRE)-- Blueknight Energy Partners, L.P. (BKEP or the Partnership) (NASDAQ: BKEP) (NASDAQ: BKEPP) today announced its financial results for the three months ended March 31, 2016.
BKEPs adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) increased to $13.6 million for the first quarter of 2016, up from $12.9 million for the same period in 2015. Adjusted EBITDA, including a reconciliation of such measure to net income, is explained in the section of this release entitled Non-GAAP Financial Measures.
BKEPs distributable cash flow was $8.6 million for the three months ended March 31, 2016, as compared to $11.0 million... More
