Last $8.65 USD
Change Today -0.03 / -0.35%
Volume 30.7K
BKEP On Other Exchanges
Symbol
Exchange
NASDAQ GM
As of 8:10 PM 08/27/14 All times are local (Market data is delayed by at least 15 minutes).

blueknight energy partners l (BKEP) Snapshot

Open
$8.73
Previous Close
$8.68
Day High
$8.73
Day Low
$8.53
52 Week High
04/21/14 - $9.50
52 Week Low
10/7/13 - $8.00
Market Cap
198.3M
Average Volume 10 Days
23.9K
EPS TTM
$0.05
Shares Outstanding
22.9M
EX-Date
07/31/14
P/E TM
173.0x
Dividend
$0.53
Dividend Yield
5.91%
Current Stock Chart for BLUEKNIGHT ENERGY PARTNERS L (BKEP)

blueknight energy partners l (BKEP) Related Bloomberg News

View More Bloomberg News

blueknight energy partners l (BKEP) Related Businessweek News

No Related Businessweek News Found

blueknight energy partners l (BKEP) Details

Blueknight Energy Partners, L.P., together with its subsidiaries, provides integrated terminalling, storage, processing, gathering, and transportation services for companies engaged in the production, distribution, and marketing of crude oil and asphalt products in the United States. It operates in four segments: Crude Oil Terminalling and Storage Services, Crude Oil Pipeline Services, Crude Oil Trucking and Producer Field Services, and Asphalt Services. The company offers crude oil terminalling and storage services, which enable it customers to manage their crude oil inventories, and enhance marketing and operating activities; and asphalt services that enable its customers to manage their asphalt product storage, processing, and marketing activities. It also provides crude oil pipeline and crude oil trucking services. In addition, the company offers producer field services, including gathering condensates; hauling produced water to disposal wells; providing hot and cold fresh water; chemical and down hole well treatment; and wet oil clean up, as well as builds and maintains separation facilities. It owns and operates crude oil terminalling and storage assets with 7.8 million barrels of storage capacity; owns and operates 3 crude oil pipeline systems consisting of approximately 920 miles; owns or leases 170 tanker trucks to gather crude oil in Kansas, Oklahoma, Texas, New Mexico, and Colorado; and owns 42 asphalt cement terminals located in 21 states. Blueknight Energy Partners G.P., L.L.C. serves as the general partner of the company. The company was formerly known as SemGroup Energy Partners, L.P. and changed its name to Blueknight Energy Partners, L.P. in December 2009. Blueknight Energy Partners, L.P. is headquartered in Oklahoma City, Oklahoma.

530 Employees
Last Reported Date: 03/12/14

blueknight energy partners l (BKEP) Top Compensated Officers

Chief Executive Officer of Blueknight Energy ...
Total Annual Compensation: $865.0K
Chief Financial Officer of Blueknight Energy ...
Total Annual Compensation: $464.5K
Chief Operating Officer of Blueknight Energy ...
Total Annual Compensation: $348.0K
Chief Legal Officer of Blueknight Energy Part...
Total Annual Compensation: $281.3K
Chief Accounting Officer of Blueknight Energy...
Total Annual Compensation: $313.1K
Compensation as of Fiscal Year 2013.

blueknight energy partners l (BKEP) Key Developments

Blueknight Energy Partners Announces Plans to Build Pipeline from Eaglebine to Oiltanking Houston

Blueknight Energy Partners, L.P. has announced plans to build a pipeline linking the East Texas Eaglebine/Woodbine crude oil resource play to Oiltanking Houston, a crude oil and product terminal on the Houston Ship Channel, owned and operated by Oiltanking Partners, L.P. The project is backed by long-term shipper commitments, one of which is a transportation agreement with a joint venture between Vitol, a diversified multinational energy company, which also owns 50% of BKEP's general partner, and SEI Energy, LLC, a natural gas and crude oil marketer/producer services company with offices in Tennessee, Texas, Virginia and Oklahoma. Blueknight will construct a 160-mile, 16-inch diameter pipeline originating in Madison County and running south through Leon, Walker and Houston counties. The pipeline will have an initial capacity of 100,000 BPD, will be expandable up to 200,000 BPD and serve Eaglebine/Woodbine crude oil producers via two origination stations located near North Zulch and Madisonville with a third station near Roans Prairie planned to accommodate future production growth in the area. The pipeline will have the capability to segregate and batch crude oil in order to help producers capture value for this premium product. Construction on the pipeline will start immediately and is expected to be complete by March 2016. The pipeline is estimated to cost approximately $300 million, subject to final pipeline design and shipper commitments, and is anticipated to be financed using a combination of debt and equity.

Blueknight Energy Partners, L.P. Presents at 2014 Citi One-on-One MLP / Midstream Infrastructure Conference, Aug-19-2014

Blueknight Energy Partners, L.P. Presents at 2014 Citi One-on-One MLP / Midstream Infrastructure Conference, Aug-19-2014 . Venue: Encore at Wynn Las Vegas, 3121 Las Vegas Boulevard South, Las Vegas, NV 89109, United States.

Blueknight Energy Partners, L.P. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Capex Guidance for the Full Year of 2014

Blueknight Energy Partners, L.P. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenue of $45.797 million against $45.678 million a year ago. Operating income was $7.526 million against $9.704 million a year ago. Income from continuing operations before income taxes was $3.753 million against $5.027 million a year ago. Income from continuing operations was $3.619 million against $4.934 million a year ago. Basic and diluted loss from continuing operations per common unit was $0.08 compared to $0.02 a year ago. Loss available to limited partners was $1.868 million or $0.08 per basic and diluted share against income available to limited partners of $0.645 million or $0.03 per basic and diluted share a year ago. Adjusted EBITDA was $13.663 million against $15.508 million a year ago. For the six months, the company reported total revenue of $92.239 million against $90.214 million a year ago. Operating income was $14.378 million against $17.871 million a year ago. Income from continuing operations before income taxes was $7.746 million against $10.407 million a year ago. Income from continuing operations was $7.512 million against $10.241 million a year ago. Basic and diluted loss from continuing operations per common unit was $0.15 compared to $0.03 a year ago. Loss available to limited partners was $3.459 million or $0.15 per basic and diluted share against income available to limited partners of $1.090 million or $0.05 per basic and diluted share a year ago. Adjusted EBITDA was $26.231 million against $30.381 million a year ago. Maintenance capital expenditures for the six months ended June 30, 2014, totaled $2.9 million, net of $0.7 million of reimbursable expenditures. The company is currently estimating expansion capital expenditures of $20 million to $25 million for 2014 prior to any other projects that Mark will be discussing next primarily related to the Woodbine project. The company expects maintenance capital to be in the $12 million to $14 million range and net of reimbursable expenditures in 2014.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
BKEP:US $8.65 USD -0.03

BKEP Competitors

Market data is delayed at least 15 minutes.

Company Last Change
American Midstream Partners LP $30.07 USD +0.07
Eagle Rock Energy Partners LP $4.08 USD 0.00
Holly Energy Partners LP $35.81 USD +0.17
Rose Rock Midstream LP $57.69 USD +0.69
TransMontaigne Partners LP $44.38 USD -0.29
View Industry Companies
 

Industry Analysis

BKEP

Industry Average

Valuation BKEP Industry Range
Price/Earnings 30.0x
Price/Sales 1.0x
Price/Book 0.4x
Price/Cash Flow 8.7x
TEV/Sales 1.6x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact BLUEKNIGHT ENERGY PARTNERS L, please visit www.bkep.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.