BlueKnight Energy Partners (BKEP) Misses Q2 EPS by 5c
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Blueknight Announces Second Quarter 2020 Results
August 5, 2020 4:00 PM EDTHighlights
Net income of $1.4 million, operating income of $4.0 million and Adjusted EBITDA of $16.1 million 2020 guidance maintained with distributable cash flow up 37% year-over-year and coverage and leverage ratios improving to 1.35 times and 4.19 times, respectively Asphalt terminalling volumes and earnings continue to outpace last year Crude oil terminalling generated $4.1 million of operating income, excluding depreciation and amortization, increasing 24% versus prior year led by higher margin storage contracts New seven-year Asphalt agreement executed at more favorable terms, extending Blueknight's total weighted average remaining contract term for take-or-pay revenue from four to... More