Key Developments: Blueknight Energy Partners LP (BKEP.OQ)
8.33USD
2:04pm EDT
$-0.18 (-2.12%)
$8.51
$8.50
$8.50
$8.33
1,512
3,237
$9.50
$6.08
Latest Key Developments (Source: Significant Developments)
Blueknight Energy Partners LP Declares Quarterly Distributions
Blueknight Energy Partners LP announced that the board of directors of its general partner has declared quarterly cash distributions of $0.12 per common unit, a 2.1% increase over the previous quarter`s distribution, and $0.17875 per preferred unit payable on August 14, 2013 on all outstanding common and preferred units to unitholders of record as of the close of business on August 2, 2013. Full Article
Blueknight Energy Partners LP Declares Quarterly Distributions
Blueknight Energy Partners LP announced that the board of directors of its general partner has declared quarterly cash distributions of $0.1175 per common unit, a 2.2% increase over the previous quarter`s distribution, and $0.17875 per preferred unit payable on May 15, 2013 on all outstanding common and preferred units to unitholders of record as of the close of business on May 3, 2013. Full Article
Blueknight Energy Partners LP Declares Quarterly Distributions
Blueknight Energy Partners LP announced that the board of directors of its general partner has declared quarterly cash distributions of $0.1150 per common unit, a 2.2% increase over the previous quarter`s distribution, and $0.17875 per preferred unit payable on February 14, 2013 on all outstanding common and preferred units to unitholders of record as of the close of business on February 4, 2013. Full Article
Blueknight Energy Partners LP Announces Resignation Of President-Form 8-K
Blueknight Energy Partners LP reported in its Form 8-K that on October 23, 2012, J. Michael Cockrell notified the Board of Directors of Blueknight Energy Partners G.P., L.L.C., the general partner of Blueknight Energy Partners, L.P. (Partnership), of his resignation as President and Chief Operating Officer of the General Partner, effective as of October 31, 2012. Mr. Cockrell was a named executive officer of the Partnership for the fiscal year ended December 31, 2011. Full Article
Blueknight Energy Partners LP Announces Appointment of New CEO
Blueknight Energy Partners LP announced that BKEP’s general partner has appointed Mark Hurley as its new Chief Executive Officer, effective as of September 20, 2012. Mr. Hurley will replace James Dyer, whose intended resignation was announced by the Partnership earlier this year. In connection with his resignation as Chief Executive Officer, Mr. Dyer also has resigned from the Board of Directors of BKEP’s general partner, effective as of September 20, 2012. Full Article
Blueknight Energy Partners LP Declares Quarterly Distributions On Common Units and Preferred Units
Blueknight Energy Partners LP announced that the Board of Directors of its general partner has declared quarterly cash distributions of $0.11 per common unit and $0.17875 per preferred unit payable on May 15, 2012 on all outstanding common and preferred units to unitholders of record as of the close of business on May 4, 2012. Full Article
Blueknight Energy Partners LP Declares Quarterly Distributions On Common Units And Preferred Units
Blueknight Energy Partners LP announced that it has declared quarterly cash distributions of $0.11 per common unit and $0.17 per preferred unit payable on February 14, 2012 on all outstanding common and preferred units to unit holders of record as of the close of business on February 3, 2012. The common unit distribution represents the first quarterly cash distribution made on the Partnership’s common units since May 2008. The distribution on the preferred units reflects a pro rata distribution rate during the fourth quarter of 2011 of 2.125% of the issue price of $6.50 per unit through October 24, 2011 and 2.75% beginning October 25, 2011 (and for future periods). Full Article
Blueknight Energy Partners LP Announces Planned Retirement Of CEO
Blueknight Energy Partners LP announced the planned retirement of the Company’s Chief Executive Officer (CEO), James C. Dyer, IV. Dyer, a Vitol employee and member of Blueknight’s Board of Directors, was appointed CEO of Blueknight Energy Partners, L.P. (BKEP) in December 2009. He informed the Board on January 6, 2012, of his intended retirement, which will be effective upon the Board appointing a new CEO. Dyer will remain with Vitol as Vice President and Director of Business Development, and will direct Vitol’s growing interests in West Texas. At the request of the Blueknight Board, he has agreed to continue as CEO until his successor assumes responsibilities. The Partnership has engaged a national executive search firm to assist the Board of Directors in selecting a new Chief Executive Officer. Full Article
Blueknight Energy Partners LP Announces Final Approval Of Settlement Of Class Action Litigation
Blueknight Energy Partners LP announced that on October 5, 2011 the U.S. District Court for the Northern District of Oklahoma has granted final approval and issued a final judgment relating to the settlement of the consolidated securities class action litigation, In Re: SemGroup Energy Partners, L.P. Securities Litigation, Case No. 08-MD-1989-GKF-FHM (Class Action Litigation), in accordance with the Stipulation of Settlement entered into by the parties on May 3, 2011. The settlement provides for, among other things, dismissal of the Class Action Litigation with prejudice, releases in favor of the defendants and collective payment by the defendants in accordance with the Stipulation of Settlement. The Stipulation of Settlement was provided for in the Partnership’s December 31, 2010 financial statements. No parties admit any wrongdoing as part of the settlement. Full Article
Blueknight Energy Partners LP Announces Commencement Of Rights Offering
Blueknight Energy Partners LP announced that it has commenced its previously-announced rights offering. The Partnership has distributed, at no charge, to the common unitholders of record as of the close of business on September 27, 2011, (Record Date) 0.5412 freely-tradable rights (each a“Right and collectively the Rights) for every common unit owned on the Record Date. Each whole Right entitles the holder thereof to acquire, for an exercise price of $6.50, a newly-issued Series A Preferred Unit of the Partnership (the Basic Subscription Right). In addition, holders of the Rights will be entitled, subject to limitations, to subscribe for additional Series A Preferred Units that remain unsubscribed as a result of any unexercised Basic Subscription Rights at a subscription price of $6.50 per unit, as described more fully in the prospectus supplement that the Partnership filed with the Securities and Exchange Commission on September 27, 2011. The Rights will begin trading on the NASDAQ Global Market on October 3, 2011 under the symbol BKEPR and can be traded until the close of business on October 31, 2011, the expiration date of the rights offering, unless the rights offering is extended. Any Rights that are not exercised on or before October 31, 2011, unless the rights offering is extended, will expire and have no further value. Full Article
Blueknight Energy, Silverado in joint venture to develop pipeline
May 6 - Blueknight Energy Partners LP, a midstream oil company controlled by global oil trader Vitol SA, said it will form a joint venture with Silverado Pipeline LLC to develop and reactivate a 200-mile (322 km) crude oil pipeline between Longview and Houston.

Earnings vs.
Estimates