BlueKnight Energy Partners (BKEP) Reports Q4 Loss of $0.82
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Blueknight Announces Fourth Quarter and Full Year 2020 Results; Provides Outlook as Pure-Play Infrastructure Terminalling Company
March 9, 2021 4:36 PM ESTHighlights
Completed transition to pure-play infrastructure terminalling company with $164 million sale and exit of crude oil business Fourth quarter and full year 2020 net loss of $29.2 million and $13.5 million, respectively, primarily due to crude oil pipeline impairment Fourth quarter 2020 Adjusted EBITDA of $17.8 million and distribution coverage of 1.64 timesExceeded 2020 financial targets with full year Adjusted EBITDA of $67.5 million, distribution coverage of 1.53 times, and leverage ratio of 3.83 times
Full year 2020 Adjusted EBITDA from continuing operations of... More
