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Blueknight Energy Partners

DB:34J
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
34J
DB
$37M
Imp Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Blueknight Energy Partners, L.P. provides integrated terminalling, gathering, and transportation services for companies engaged in the production, distribution, and marketing of liquid asphalt and crude oil products in the United States. The last earnings update was 12 days ago. More info.


Add to Portfolio Compare Print
  • Blueknight Energy Partners is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Blueknight Energy Partners has significant price volatility in the past 3 months.
34J Share Price and Events
7 Day Returns
-20%
DB:34J
6.5%
DE Oil and Gas
2.1%
DE Market
1 Year Returns
-28.3%
DB:34J
28.1%
DE Oil and Gas
-16.6%
DE Market
34J Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Blueknight Energy Partners (34J) -20% -22% -35.1% -28.3% -89.4% -90.9%
DE Oil and Gas 6.5% -7.3% -23.7% 28.1% -18.9% 149.7%
DE Market 2.1% -12.6% -22.9% -16.6% -21.9% -27.8%
1 Year Return vs Industry and Market
  • 34J underperformed the Oil and Gas industry which returned 28.1% over the past year.
  • 34J underperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
34J
Industry
5yr Volatility vs Market

Value

 Is Blueknight Energy Partners undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Blueknight Energy Partners to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Blueknight Energy Partners.

DB:34J Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:34J
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.948 (1 + (1- 21%) (727.59%))
4.615
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (2 * 5.44%)
10.49%

Discounted Cash Flow Calculation for DB:34J using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Blueknight Energy Partners is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:34J DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.49%)
2020 4.60 Analyst x1 4.16
2021 15.50 Analyst x1 12.70
2022 13.70 Analyst x1 10.16
2023 13.30 Analyst x1 8.92
2024 13.30 Analyst x1 8.08
2025 12.82 Est @ -3.63% 7.04
2026 12.48 Est @ -2.66% 6.21
2027 12.23 Est @ -1.98% 5.51
2028 12.05 Est @ -1.5% 4.91
2029 11.91 Est @ -1.17% 4.39
Present value of next 10 years cash flows $72.00
DB:34J DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $11.91 × (1 + -0.39%) ÷ (10.49% – -0.39%)
$109.01
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $109.01 ÷ (1 + 10.49%)10
$40.20
DB:34J Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $72.00 + $40.20
$112.20
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $112.20 / 42.26
$2.65
DB:34J Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:34J represents 0.77117x of NasdaqGM:BKEP
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.77117x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 2.65 x 0.77117
€2.05
Value per share (EUR) From above. €2.05
Current discount Discount to share price of €0.68
= -1 x (€0.68 - €2.05) / €2.05
66.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Blueknight Energy Partners is available for.
Intrinsic value
>50%
Share price is €0.68 vs Future cash flow value of €2.05
Current Discount Checks
For Blueknight Energy Partners to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Blueknight Energy Partners's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Blueknight Energy Partners's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Blueknight Energy Partners's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Blueknight Energy Partners's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:34J PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $-0.17
NasdaqGM:BKEP Share Price ** NasdaqGM (2020-04-07) in USD $0.88
Europe Oil and Gas Industry PE Ratio Median Figure of 104 Publicly-Listed Oil and Gas Companies 6.51x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 16.83x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Blueknight Energy Partners.

DB:34J PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGM:BKEP Share Price ÷ EPS (both in USD)

= 0.88 ÷ -0.17

-5.11x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Blueknight Energy Partners is loss making, we can't compare its value to the Europe Oil and Gas industry average.
  • Blueknight Energy Partners is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Blueknight Energy Partners's expected growth come at a high price?
Raw Data
DB:34J PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -5.11x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
Europe Oil and Gas Industry PEG Ratio Median Figure of 66 Publicly-Listed Oil and Gas Companies 0.32x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Blueknight Energy Partners, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Blueknight Energy Partners's assets?
Raw Data
DB:34J PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $8.74
NasdaqGM:BKEP Share Price * NasdaqGM (2020-04-07) in USD $0.88
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.45x
DB:34J PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGM:BKEP Share Price ÷ Book Value per Share (both in USD)

= 0.88 ÷ 8.74

0.1x

* Primary Listing of Blueknight Energy Partners.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Blueknight Energy Partners is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Blueknight Energy Partners's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Blueknight Energy Partners has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Blueknight Energy Partners expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
43.2%
Expected annual growth in earnings per share.
Earnings growth vs Low Risk Savings
Is Blueknight Energy Partners expected to grow at an attractive rate?
  • Blueknight Energy Partners's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Blueknight Energy Partners's earnings growth is expected to exceed the Germany market average.
  • Blueknight Energy Partners's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:34J Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:34J Future Earnings per Share Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 43.2%
DB:34J Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts -5.4%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13.1%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:34J Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:34J Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31
2021-12-31 332 1
2020-12-31 378 1
2020-04-07
DB:34J Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 371 50 -7
2019-09-30 403 59 -60
2019-06-30 444 51 -64
2019-03-31 434 58 -66
2018-12-31 385 49 -67
2018-09-30 306 37 -16
2018-06-30 220 49 -9
2018-03-31 180 57 -5
2017-12-31 182 54 -6
2017-09-30 184 59 -6
2017-06-30 183 60 -5
2017-03-31 183 56 -29

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Blueknight Energy Partners's earnings are expected to grow significantly at over 20% yearly.
  • Blueknight Energy Partners's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:34J Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Blueknight Energy Partners Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:34J Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31 -0.03 -0.03 -0.03 1.00
2023-12-31 -0.02 -0.02 -0.02 1.00
2022-12-31 -0.01 -0.01 -0.01 1.00
2021-12-31 0.03 0.03 0.03 1.00
2020-12-31 -0.10 -0.10 -0.10 1.00
2020-04-07
DB:34J Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 -0.17
2019-09-30 -1.47
2019-06-30 -1.58
2019-03-31 -1.62
2018-12-31 -1.65
2018-09-30 -0.41
2018-06-30 -0.24
2018-03-31 -0.13
2017-12-31 -0.15
2017-09-30 -0.16
2017-06-30 -0.12
2017-03-31 -0.79

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Blueknight Energy Partners will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Blueknight Energy Partners's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Blueknight Energy Partners has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Blueknight Energy Partners performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Blueknight Energy Partners's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Blueknight Energy Partners does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Blueknight Energy Partners's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Blueknight Energy Partners's 1-year growth to the Europe Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Blueknight Energy Partners's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Blueknight Energy Partners Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:34J Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 371.07 -7.04 17.92
2019-09-30 403.09 -59.56 16.74
2019-06-30 444.49 -64.04 16.14
2019-03-31 433.91 -65.58 16.61
2018-12-31 384.84 -66.65 16.00
2018-09-30 305.56 -16.45 17.14
2018-06-30 219.88 -9.36 16.91
2018-03-31 180.26 -5.01 16.75
2017-12-31 181.94 -5.89 17.11
2017-09-30 183.71 -6.19 16.78
2017-06-30 183.18 -4.57 17.56
2017-03-31 182.73 -28.54 18.07
2016-12-31 177.39 -30.40 18.23
2016-09-30 175.26 -45.91 19.04
2016-06-30 175.53 -42.50 18.91
2016-03-31 178.68 -16.29 18.74
2015-12-31 180.03 -15.40 18.98
2015-09-30 182.18 9.56 18.76
2015-06-30 183.32 6.99 18.29
2015-03-31 182.54 3.05 17.99
2014-12-31 186.63 5.23 17.50
2014-09-30 190.39 1.66 16.80
2014-06-30 196.70 6.44 17.18
2014-03-31 196.58 7.72 17.30
2013-12-31 194.67 9.21 17.48
2013-09-30 188.27 7.62 19.99
2013-06-30 180.73 -0.45 19.46

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Blueknight Energy Partners has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • Blueknight Energy Partners used its assets less efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • It is difficult to establish if Blueknight Energy Partners improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Blueknight Energy Partners's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Blueknight Energy Partners has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Blueknight Energy Partners's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Blueknight Energy Partners's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Blueknight Energy Partners's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Blueknight Energy Partners's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Blueknight Energy Partners's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Blueknight Energy Partners has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Blueknight Energy Partners Company Filings, last reported 3 months ago.

DB:34J Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 -21.32 255.59 0.56
2019-09-30 -17.90 258.59 2.78
2019-06-30 -17.17 261.59 1.54
2019-03-31 -12.74 252.59 1.21
2018-12-31 -6.90 265.59 1.50
2018-09-30 53.04 271.59 2.05
2018-06-30 -13.37 349.59 1.35
2018-03-31 -3.15 334.59 2.28
2017-12-31 4.68 307.82 2.54
2017-09-30 9.66 298.29 2.65
2017-06-30 11.65 304.56 3.27
2017-03-31 16.93 331.20 2.81
2016-12-31 25.58 325.95 3.30
2016-09-30 70.70 257.99 4.29
2016-06-30 48.80 284.30 3.03
2016-03-31 77.70 277.98 2.02
2015-12-31 87.22 248.10 3.04
2015-09-30 114.01 237.27 1.14
2015-06-30 109.55 246.66 2.35
2015-03-31 111.41 228.44 2.38
2014-12-31 119.96 218.75 4.74
2014-09-30 120.54 212.93 1.36
2014-06-30 46.43 289.00 1.60
2014-03-31 50.82 281.36 0.91
2013-12-31 55.46 273.15 3.18
2013-09-30 58.17 274.41 1.64
2013-06-30 55.42 262.41 4.85
  • Blueknight Energy Partners has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Blueknight Energy Partners's debt level has increased considering it has negative shareholder equity.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Blueknight Energy Partners has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Blueknight Energy Partners has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -5.4% per year.
X
Financial health checks
We assess Blueknight Energy Partners's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Blueknight Energy Partners has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Blueknight Energy Partners's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
18.12%
Current annual income from Blueknight Energy Partners dividends. Estimated to be 18.12% next year.
If you bought €2,000 of Blueknight Energy Partners shares you are expected to receive €362 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Blueknight Energy Partners's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.67%).
  • Blueknight Energy Partners's dividend is above the markets top 25% of dividend payers in Germany (4.71%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:34J Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 8.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.7%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:34J Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-12-31 0.16 1.00
2023-12-31 0.16 1.00
2022-12-31 0.16 1.00
2021-12-31 0.16 1.00
2020-12-31 0.16 1.00
2020-04-07
DB:34J Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-03-26 0.160 18.362
2019-10-17 0.160 15.155
2019-07-18 0.160 13.112
2019-04-23 0.160 13.782
2019-01-25 0.320 24.229
2018-10-23 0.320 19.129
2018-07-19 0.320 12.889
2018-04-23 0.580 15.751
2018-01-23 0.580 12.182
2017-10-18 0.580 10.923
2017-07-18 0.580 10.012
2017-04-18 0.580 8.777
2017-01-19 0.580 8.328
2016-10-20 0.580 8.889
2016-07-19 0.580 9.804
2016-04-19 0.580 11.068
2016-01-20 0.580 12.097
2015-10-22 0.580 10.463
2015-07-21 0.570 8.957
2015-04-21 0.558 7.265
2015-01-21 0.546 7.262
2014-10-23 0.538 7.910
2014-07-22 0.530 6.379
2014-04-23 0.520 5.752
2014-01-22 0.506 5.596
2013-10-24 0.490 5.537
2013-07-22 0.480 5.729
2013-04-22 0.470 5.428
2013-01-23 0.460 5.606
2012-10-23 0.450 6.796
2012-07-24 0.440 6.789
2012-04-24 0.440 6.459
2012-01-24 0.440 6.402
2010-03-30 0.000 0.000
2010-03-26 0.000 0.000
2009-08-25 0.000 0.000
2009-08-24 0.000 0.000
2009-08-07 0.000 0.000
2009-07-06 0.000 0.000
2009-07-02 0.000 0.000
2009-05-27 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Blueknight Energy Partners has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Blueknight Energy Partners has only been paying a dividend for 8 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Blueknight Energy Partners's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Blueknight Energy Partners's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Blueknight Energy Partners afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Blueknight Energy Partners has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Blueknight Energy Partners's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mark Hurley
COMPENSATION $624,888
AGE 60
TENURE AS CEO 7.6 years
CEO Bio

Mr. Mark A. Hurley has been the Chief Executive Officer of Blueknight Energy Partners G.P., L.L.C., General Partner of Blueknight Energy Partners, L.P. since September 20, 2012. Mr. Hurley served as Senior Vice President of Crude Oil & Offshore - Enterprise Products Holdings LLC from November 22, 2010 to 2012. He served as Senior Vice President of Crude Oil & Offshore at EPE Holdings, LLC. He served as Senior Vice President of Crude Oil & Offshore Business Unit - Enterprise Products GP LLC at Enterprise Products Partners LP from March 1, 2010 to November 2011. Mr. Hurley is responsible for all commercial aspects of Enterprise's extensive network of onshore and offshore crude oil transportation and storage assets, as well as the partnership's offshore crude oil and natural gas pipelines. From 2005 to 2009, Mr. Hurley served as President of Shell Pipeline Company LP. and was responsible for profitability, operations strategy, business development and capital project development. Mr. Hurley began his career at Shell, where he served from 1981 to 2009. A career Shell employee, he has held numerous key leadership positions in refinery and lubricant plant operations, marketing sales, product supply and trading, with both domestic and global responsibilities, during his 29-year tenure. He serves as a Director of Blueknight Energy Partners G.P., LLC, the General Partner of Blueknight Energy Partners, L.P. Mr. Hurley is a graduate of North Carolina State University, where he earned a bachelor's degree in Chemical Engineering.

CEO Compensation
  • Mark's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Mark's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Blueknight Energy Partners management team in years:

3.4
Average Tenure
50
Average Age
  • The tenure for the Blueknight Energy Partners management team is about average.
Management Team

Mark Hurley

TITLE
CEO & Director of Blueknight Energy Partners G.P.
COMPENSATION
$625K
AGE
60
TENURE
7.6 yrs

Andy Woodward

TITLE
Chief Financial Officer of Blueknight Energy Partners G.P.
COMPENSATION
$787K
AGE
36
TENURE
1 yrs

Jeff Speer

TITLE
Chief Operating Officer of Blueknight Energy Partners G.P.
COMPENSATION
$570K
AGE
52
TENURE
6.8 yrs

Michael McLanahan

TITLE
Chief Accounting Officer of Blueknight Energy Partners G.P.
AGE
36
TENURE
1 yrs

Joel Kanvik

TITLE
Chief Legal Officer & Secretary of Blueknight Energy Partners G.P.
COMPENSATION
$600K
AGE
50
TENURE
3.4 yrs
Board of Directors Tenure

Average tenure and age of the Blueknight Energy Partners board of directors in years:

3.5
Average Tenure
60
Average Age
  • The tenure for the Blueknight Energy Partners board of directors is about average.
Board of Directors

Duke Ligon

TITLE
Independent Chairman of Blueknight Energy Partners G.P.
COMPENSATION
$204K
AGE
78
TENURE
11.3 yrs

Mark Hurley

TITLE
CEO & Director of Blueknight Energy Partners G.P.
COMPENSATION
$625K
AGE
60

John Shapiro

TITLE
Independent Director of Blueknight Energy Partners G.P.
COMPENSATION
$196K
AGE
67
TENURE
10.4 yrs

Steven Bradshaw

TITLE
Independent Director of Blueknight Energy Partners G.P.
COMPENSATION
$196K
AGE
70
TENURE
10.4 yrs

William Lampton

TITLE
Director of Blueknight Energy Partners G.P.
AGE
63
TENURE
3.5 yrs

Robert Lampton

TITLE
Director of Blueknight Energy Partners G.P.
AGE
58
TENURE
3.5 yrs

Edward Brooks

TITLE
Director of Blueknight Energy Partners G.P.
AGE
36
TENURE
3.5 yrs

Lee Adams

TITLE
Director of Blueknight Energy Partners G.P.
AGE
50
TENURE
2.2 yrs

Joel Pastorek

TITLE
Director of Blueknight Energy Partners G.P.
AGE
37
TENURE
1.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
14. Nov 19 Buy D. Woodward Individual 13. Nov 19 13. Nov 19 50,000 €1.04 €51,716
17. Sep 19 Sell William Lampton Individual 13. Sep 19 13. Sep 19 -83,350 €1.04 €-86,555
13. Sep 19 Sell Robert Lampton Individual 12. Sep 19 12. Sep 19 -150,000 €1.10 €-164,348
X
Management checks
We assess Blueknight Energy Partners's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Blueknight Energy Partners has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Blueknight Energy Partners, L.P. provides integrated terminalling, gathering, and transportation services for companies engaged in the production, distribution, and marketing of liquid asphalt and crude oil products in the United States. The company operates through four segments: Asphalt Terminalling Services, Crude Oil Terminalling Services, Crude Oil Pipeline Services, and Crude Oil Trucking Services. The company’s Asphalt Terminalling Services segment offers asphalt terminalling services, including storage, blending, processing, and throughput services for asphalt product and residual fuel oil. As of March 1, 2019, this segment had 53 terminals located in 26 states. Its Crude Oil Terminalling Services segment provides terminalling services, including storage, blending, processing, and throughput services for crude oil. This segment owns and operates 34 crude oil storage tanks with approximately 6.6 million barrels of storage capacity. The company’s Crude Oil Pipeline Services segment owns and operates crude oil transportation system with a combined length of approximately 646 miles; and purchases crude oil from production leases in Oklahoma and markets those barrels at the Cushing Interchange. Its Crude Oil Trucking Services segment owns and leases tanker trucks for gathering crude oil for its customers at remote wellhead locations. This segment owns or leases approximately 60 tanker trucks. Blueknight Energy Partners G.P., L.L.C. operates as a 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. was founded in 2007 and is headquartered in Tulsa, Oklahoma.

Details
Name: Blueknight Energy Partners, L.P.
34J
Exchange: DB
Founded: 2007
$33,727,819
$32,749,820
42,260,172
Website: http://www.bkep.com
Address: Blueknight Energy Partners, L.P.
6060 American Plaza,
Suite 600,
Tulsa,
Oklahoma, 74135,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGM BKEP Common Units Nasdaq Global Market US USD 18. Jul 2007
DB 34J Common Units Deutsche Boerse AG DE EUR 18. Jul 2007
NasdaqGM BKEP.P PFD UNIT SER A Nasdaq Global Market US USD 14. Nov 2011
Number of employees
Current staff
Staff numbers
270
Blueknight Energy Partners employees.
Industry
Oil and Gas Storage and Transportation
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 21:58
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/03/31
Last earnings filing: 2020/03/26
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.