Blueknight Energy Partners, L.P. (BKEP) [Rocket]

Overview

Blueknight Energy Partners, L.P. (BKEP)

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Recent News + Filings (All items)

Date Filed	Type	Description
08/29/2022	15-12G	Form 15-12G - Securities registration termination [Section 12(g)]:
08/17/2022	4	Form 4 - Statement of changes in beneficial ownership of securities:
08/17/2022	4	Kanvik Joel (Chief Legal Officer) has filed a Form 4 on Blueknight Energy Partners, L.P.
08/17/2022	4	Speer Jeffrey A (COO) has filed a Form 4 on Blueknight Energy Partners, L.P.
08/17/2022	4	Lewis Matthew R (CFO) has filed a Form 4 on Blueknight Energy Partners, L.P.
08/17/2022	4	Woodward D Andrew (CEO) has filed a Form 4 on Blueknight Energy Partners, L.P.
08/17/2022	25-NSE	Form 25-NSE - Notification filed by national security exchange to report the removal from listing and registration of matured, redeemed or retired securities:

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14
Revenues	115.4	110.2	106.5	384.8	181.9	177.4	180.0	186.6
Revenue growth	4.7%	3.5%	-72.3%	111.5%	2.6%	-1.5%	-3.5%	-4.1%
Cost of goods sold	64.2	62.8	61.6	298.3	132.6	125.2	131.2	134.2
Gross profit	51.2	47.4	45.0	86.5	49.3	52.2	48.8	52.4
Gross margin	44.4%	43.0%	42.2%	22.5%	27.1%	29.4%	27.1%	28.1%
General and administrative	13.9	14.2	13.4	16.0	17.1	20.0	19.0	17.5
EBITA	39.3	35.5	33.7	28.5	31.6	35.0	46.3	40.8
EBITA margin	34.1%	32.2%	31.6%	7.4%	17.4%	19.8%	25.7%	21.9%
Amortization of intangibles	2.4	2.4	2.4	2.5	1.3	1.2	0.2	0.1
EBIT	36.9	33.1	31.3	26.0	30.3	33.8	46.1	40.7
EBIT margin	32.0%	30.0%	29.4%	6.8%	16.7%	19.1%	25.6%	21.8%
Pre-tax income	34.8	28.7	22.0	-41.8	20.2	-4.6	6.7	28.0
Income taxes	0.0	0.0	0.0	0.2	0.2	0.3	0.3	0.5
Tax rate	0.1%		0.2%		0.8%		4.8%	1.7%
Net income	84.0	-38.4	-7.0	-66.7	-6.0	-31.1	-15.7	5.4
Net margin	72.7%	-34.8%	-6.6%	-17.3%	-3.3%	-17.5%	-8.7%	2.9%

Diluted EPS	$2.02	($0.93)	($0.17)	($1.65)	($0.16)	($0.89)	($0.48)	$0.21
Shares outstanding (diluted)	41.5	41.1	40.8	40.3	38.3	35.1	32.9	25.7

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.