BlueKnight Energy Partners (BKEP) Misses Q3 EPS by 5c
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Blueknight Announces Third Quarter 2019 Results
November 6, 2019 4:26 PM ESTThird Quarter Highlights
Net income of $7.0 million, operating income of $11.0 million and Adjusted EBITDA of $18.0 million Asphalt terminalling services operating margin, excluding depreciation and amortization, of $17.1 million, slightly higher year-over-year after excluding July 2018 asset divestiture Crude oil terminalling services operating margin, excluding depreciation and amortization, of $3.3 million driven by more throughput and contracted storage, which increased year-over-year by 209% and 99%, respectively Crude oil pipeline services operating margin, excluding depreciation and amortization, of $0.6 million; higher year-over-year driven by improved margins On track to exceed 2019 financial targets with third quarter distribution coverage... More