Blueknight Announces Third Quarter 2021 Results

Highlights

TULSA, Okla., Nov. 10, 2021 (GLOBE NEWSWIRE) -- Blueknight Energy Partners, L.P. (“Blueknight” or the “Partnership”) (Nasdaq: BKEP and BKEPP) today reported its financial results for the third quarter ended September 30, 2021. Income from continuing operations was $12.6 million in the third quarter of 2021, compared to $9.4 million for the same period in 2020. Adjusted earnings before interest, taxes, depreciation and amortization (“Adjusted EBITDA”) from continuing operations was $16.9 million in the third quarter of 2021 compared to $13.8 million for the same period in 2020. The year-over-year increase was due to higher asphalt terminalling services operating margin, excluding depreciation and amortization, improved general and administrative expense, and other income of $2.1 million related to insurance claim reimbursements.