BlueKnight Energy Partners (BKEP) Tops Q1 EPS by 3c

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Go back to BlueKnight Energy Partners (BKEP) Tops Q1 EPS by 3c

Blueknight Announces First Quarter 2019 Results

May 8, 2019 4:30 PM EDT

Highlights

Net income of $3.8 million, operating income of $8.0 million and Adjusted EBITDA of $16.2 million Asphalt terminal services operating margin, excluding depreciation and amortization, of $13.5 million, benefiting from March 2018 asphalt acquisition and offset by July 2018 asset divestiture Crude oil terminalling services storage capacity fully leased with operating margin, excluding depreciation and amortization, of $2.6 million Higher operating margins from crude oil pipeline services and crude oil trucking services driven primarily by higher throughput across system Cash flow and balance sheet continue to strengthen... More