Blueknight Announces First Quarter 2020 Results
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BlueKnight Energy Partners (BKEP) Tops Q1 EPS by 13c
May 6, 2020 5:12 PM EDTBlueKnight Energy Partners (NASDAQ: BKEP) reported Q1 EPS of $0.00, $0.13 better than the analyst estimate of ($0.13). Revenue for the quarter came in at $93.73 million versus the consensus estimate of $95.9 million.
The overall business had a good start to the year, supporting our 2020 guidance communicated last quarter. Our largest operating segment, asphalt terminalling, had 17% higher throughput volumes over the prior year with a significant portion of that activity occurring in the month of March. While volumes do not have a significant revenue impact this early in the year due to... More
