Blueknight Energy Partners, L.P.

$ Overview Financials Valuation SEC Filings Company Website

2015 Q2 Form 10-Q Financial Statement

#000139209115000035 Filed on May 07, 2015

Income Statement

Concept	2015 Q2	2015 Q1	2014 Q1

Balance Sheet

Concept	2015 Q2	2015 Q1	2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$2.400M	$2.400M	$900.0K
YoY Change	50.0%	166.67%	350.0%
Cash & Equivalents	$2.354M	$2.383M	$906.0K
Short-Term Investments	$0.00	$0.00
Other Short-Term Assets	$4.095M	$3.888M	$3.948M
YoY Change	2.76%	-1.52%	120.07%
Inventory
Prepaid Expenses
Receivables	$14.59M	$10.27M	$11.53M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$27.43M	$21.41M	$21.90M
YoY Change	9.65%	-2.23%	28.76%
LONG-TERM ASSETS
Property, Plant & Equipment	$324.0M	$309.2M	$301.3M
YoY Change	6.72%	2.65%	9.16%
Goodwill	$10.73M	$7.216M	$7.216M
YoY Change	48.66%	0.0%	0.0%
Intangibles
YoY Change
Long-Term Investments	$19.50M	$19.10M	$19.30M
YoY Change	-0.51%	-1.04%	38.85%
Other Assets	$3.759M	$2.043M	$1.907M
YoY Change	112.13%	7.13%	21.7%
Total Long-Term Assets	$360.6M	$340.5M	$333.1M
YoY Change	7.54%	2.23%	10.39%
TOTAL ASSETS
Total Short-Term Assets	$27.43M	$21.41M	$21.90M
Total Long-Term Assets	$360.6M	$340.5M	$333.1M
Total Assets	$388.0M	$361.9M	$355.0M
YoY Change	7.68%	1.96%	11.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$12.14M	$6.898M	$7.811M
YoY Change	83.87%	-11.69%	-8.24%
Accrued Expenses	$7.500M	$5.500M	$5.300M
YoY Change	1.35%	3.77%	-5.36%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$26.83M	$17.62M	$18.95M
YoY Change	28.2%	-7.02%	-20.92%
LONG-TERM LIABILITIES
Long-Term Debt	$243.0M	$224.0M	$281.0M
YoY Change	-15.33%	-20.28%	18.57%
Other Long-Term Liabilities	$8.700M	$8.900M	$4.200M
YoY Change	45.0%	111.9%	4100.0%
Total Long-Term Liabilities	$243.0M	$224.0M	$281.0M
YoY Change	-15.33%	-20.28%	18.57%
TOTAL LIABILITIES
Total Short-Term Liabilities	$26.83M	$17.62M	$18.95M
Total Long-Term Liabilities	$243.0M	$224.0M	$281.0M
Total Liabilities	$269.8M	$241.6M	$299.9M
YoY Change	-12.37%	-19.45%	14.94%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$109.6M	$111.4M	$50.80M
YoY Change
Total Liabilities & Shareholders Equity	$388.0M	$361.9M	$355.0M
YoY Change	7.68%	1.96%	11.37%

Cashflow Statement

Concept	2015 Q2	2015 Q1	2014 Q1

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2014Q4	bkep	Accumulated Depreciationand Impairmentspropertyplantandequipment AccumulatedDepreciationandImpairmentspropertyplantandequipment	192440000	USD
CY2015Q1	bkep	Accumulated Depreciationand Impairmentspropertyplantandequipment AccumulatedDepreciationandImpairmentspropertyplantandequipment	198600000	USD
CY2014Q4	bkep	Allowance For Doubtful Accounts Receivables Due From Related Parties Current AllowanceForDoubtfulAccountsReceivablesDueFromRelatedPartiesCurrent	225000	USD
CY2015Q1	bkep	Allowance For Doubtful Accounts Receivables Due From Related Parties Current AllowanceForDoubtfulAccountsReceivablesDueFromRelatedPartiesCurrent	225000	USD
CY2014Q1	bkep	Amortizationof Financing Costsand Write Offof Debt Issuance Costs AmortizationofFinancingCostsandWriteOffofDebtIssuanceCosts	199000	USD
CY2015Q1	bkep	Amortizationof Financing Costsand Write Offof Debt Issuance Costs AmortizationofFinancingCostsandWriteOffofDebtIssuanceCosts	219000	USD
CY2014Q1	bkep	Assets Impairment Chargeson Continuing Operations AssetsImpairmentChargesonContinuingOperations	0	USD
CY2015Q1	bkep	Assets Impairment Chargeson Continuing Operations AssetsImpairmentChargesonContinuingOperations	0	USD
CY2014Q1	bkep	Chief Executive Officer Non Voting Economic Interest In Company Capital Contribution Related To Profit Interests ChiefExecutiveOfficerNonVotingEconomicInterestInCompanyCapitalContributionRelatedToProfitInterests	37000	USD
CY2015Q1	bkep	Chief Executive Officer Non Voting Economic Interest In Company Capital Contribution Related To Profit Interests ChiefExecutiveOfficerNonVotingEconomicInterestInCompanyCapitalContributionRelatedToProfitInterests	37000	USD
CY2015Q1	bkep	Chief Executive Officer Non Voting Economic Interest In Company Profit Interest Contributions ChiefExecutiveOfficerNonVotingEconomicInterestInCompanyProfitInterestContributions	37000	USD
CY2014Q4	bkep	Deferred Related Party Revenue Current DeferredRelatedPartyRevenueCurrent	909000	USD
CY2015Q1	bkep	Deferred Related Party Revenue Current DeferredRelatedPartyRevenueCurrent	802000	USD
CY2014Q1	bkep	Depreciation Depletionand Amortizationon Continuing Operations DepreciationDepletionandAmortizationonContinuingOperations	6317000	USD
CY2015Q1	bkep	Depreciation Depletionand Amortizationon Continuing Operations DepreciationDepletionandAmortizationonContinuingOperations	6646000	USD
CY2014Q4	bkep	Fair Market Valueof Units Received From Settlement FairMarketValueofUnitsReceivedFromSettlement	2500000	USD
CY2014Q4	bkep	General Partner Percentage Interest GeneralPartnerPercentageInterest	0.018
CY2015Q1	bkep	General Partner Percentage Interest GeneralPartnerPercentageInterest	0.018
CY2015Q1	bkep	Gross Income Of Partnership For Any Taxable Year Is Qualifying Income Will Be Taxable As Corporation For Federal Income Tax Purposes For That Taxable Year And All Subsequent Years Maximum GrossIncomeOfPartnershipForAnyTaxableYearIsQualifyingIncomeWillBeTaxableAsCorporationForFederalIncomeTaxPurposesForThatTaxableYearAndAllSubsequentYearsMaximum	0.90
CY2014Q1	bkep	Increase Decrease In Deferred Revenue Related Parties IncreaseDecreaseInDeferredRevenueRelatedParties	-8000	USD
CY2015Q1	bkep	Increase Decrease In Deferred Revenue Related Parties IncreaseDecreaseInDeferredRevenueRelatedParties	-116000	USD
CY2015Q1	bkep	Numberof Claims Settled NumberofClaimsSettled	2
CY2014Q4	bkep	Numberof Units Receivedfrom Claims Settlement NumberofUnitsReceivedfromClaimsSettlement	30393	shares
CY2014Q1	bkep	Operating Margin Excluding Depreciation And Amortization OperatingMarginExcludingDepreciationAndAmortization	17259000	USD
CY2015Q1	bkep	Operating Margin Excluding Depreciation And Amortization OperatingMarginExcludingDepreciationAndAmortization	16616000	USD
CY2014Q1	bkep	Weighted Average Restrictedand Phantom Partnership Units Outstanding Basic WeightedAverageRestrictedandPhantomPartnershipUnitsOutstandingBasic	526000	shares
CY2015Q1	bkep	Weighted Average Restrictedand Phantom Partnership Units Outstanding Basic WeightedAverageRestrictedandPhantomPartnershipUnitsOutstandingBasic	562000	shares
CY2015Q1	dei	Amendment Flag AmendmentFlag	false
CY2015Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2015Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2015Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2015
CY2015Q1	dei	Document Period End Date DocumentPeriodEndDate	2015-03-31
CY2015Q1	dei	Document Type DocumentType	10-Q
CY2015Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001392091
CY2015Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	32915481	shares
CY2015Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2015Q1	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
CY2015Q1	dei	Entity Registrant Name EntityRegistrantName	Blueknight Energy Partners, L.P.
CY2015Q1	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2015Q1	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2014Q4	invest	Derivative Notional Amount DerivativeNotionalAmount	200000000	USD
CY2014Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	7626000	USD
CY2015Q1	us-gaap	Accounts Payable Current AccountsPayableCurrent	6898000	USD
CY2014Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	9051000	USD
CY2015Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	10272000	USD
CY2014Q4	us-gaap	Accrual For Taxes Other Than Income Taxes Current AccrualForTaxesOtherThanIncomeTaxesCurrent	2046000	USD
CY2015Q1	us-gaap	Accrual For Taxes Other Than Income Taxes Current AccrualForTaxesOtherThanIncomeTaxesCurrent	1684000	USD
CY2014Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	222000	USD
CY2015Q1	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	218000	USD
CY2014Q1	us-gaap	Allowance For Doubtful Accounts Receivable Period Increase Decrease AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease	0	USD
CY2015Q1	us-gaap	Allowance For Doubtful Accounts Receivable Period Increase Decrease AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease	-4000	USD
CY2014Q1	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	200000	USD
CY2015Q1	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	200000	USD
CY2014Q4	us-gaap	Assets Assets	364395000	USD
CY2015Q1	us-gaap	Assets Assets	361901000	USD
CY2014Q4	us-gaap	Assets Current AssetsCurrent	21494000	USD
CY2015Q1	us-gaap	Assets Current AssetsCurrent	21412000	USD
CY2014Q1	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	2346000	USD
CY2015Q1	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	-593000	USD
CY2013Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	3182000	USD
CY2014Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	906000	USD
CY2014Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	2661000	USD
CY2015Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	2383000	USD
CY2014Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-2276000	USD
CY2015Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-278000	USD
CY2014Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2015Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2014Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	32774163	shares
CY2015Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	32915481	shares
CY2014Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	32774163	shares
CY2015Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	32915481	shares
CY2014Q1	us-gaap	Debt Instrument Interest Rate During Period DebtInstrumentInterestRateDuringPeriod	0.0344
CY2015Q1	us-gaap	Debt Instrument Interest Rate During Period DebtInstrumentInterestRateDuringPeriod	0.0341
CY2014Q4	us-gaap	Deferred Finance Costs Noncurrent Net DeferredFinanceCostsNoncurrentNet	3085000	USD
CY2015Q1	us-gaap	Deferred Finance Costs Noncurrent Net DeferredFinanceCostsNoncurrentNet	2866000	USD
CY2014Q4	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	1531000	USD
CY2015Q1	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	1213000	USD
CY2015Q1	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	933000	USD
CY2015Q1	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet	0	USD
CY2015Q1	us-gaap	Deferred Tax Assets Property Plant And Equipment DeferredTaxAssetsPropertyPlantAndEquipment	933000	USD
CY2015Q1	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	933000	USD
CY2014Q1	us-gaap	Depreciation Depreciation	6300000	USD
CY2015Q1	us-gaap	Depreciation Depreciation	6600000	USD
CY2014Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	6317000	USD
CY2015Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	6646000	USD
CY2014Q4	us-gaap	Derivative Fair Value Of Derivative Liability DerivativeFairValueOfDerivativeLiability	2634000	USD
CY2015Q1	us-gaap	Derivative Fair Value Of Derivative Liability DerivativeFairValueOfDerivativeLiability	4440000	USD
CY2015Q1	us-gaap	Distribution Made To Limited Partner Cash Distributions Declared DistributionMadeToLimitedPartnerCashDistributionsDeclared	4600000	USD
CY2014Q4	us-gaap	Due From Related Parties Current DueFromRelatedPartiesCurrent	2316000	USD
CY2015Q1	us-gaap	Due From Related Parties Current DueFromRelatedPartiesCurrent	2765000	USD
CY2014Q4	us-gaap	Due To Related Parties Noncurrent DueToRelatedPartiesNoncurrent	116000	USD
CY2015Q1	us-gaap	Due To Related Parties Noncurrent DueToRelatedPartiesNoncurrent	107000	USD
CY2015Q1	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.35
CY2014Q4	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	6520000	USD
CY2015Q1	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	3619000	USD
CY2015Q1	us-gaap	Employee Stock Ownership Plan Esop Compensation Expense EmployeeStockOwnershipPlanESOPCompensationExpense	100000	USD
CY2015Q1	us-gaap	Employee Stock Ownership Plan Esop Shares In Esop EmployeeStockOwnershipPlanESOPSharesInESOP	1000000	shares
CY2014Q1	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	0	USD
CY2015Q1	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	1906000	USD
CY2014Q1	us-gaap	Gain Loss On Sale Of Other Assets GainLossOnSaleOfOtherAssets	397000	USD
CY2015Q1	us-gaap	Gain Loss On Sale Of Other Assets GainLossOnSaleOfOtherAssets	304000	USD
CY2014Q1	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	397000	USD
CY2015Q1	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	304000	USD
CY2014Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	4487000	USD
CY2015Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	4977000	USD
CY2014Q4	us-gaap	General Partners Capital Account GeneralPartnersCapitalAccount	-610410000	USD
CY2015Q1	us-gaap	General Partners Capital Account GeneralPartnersCapitalAccount	-610574000	USD
CY2014Q4	us-gaap	General Partners Capital Account Units Outstanding GeneralPartnersCapitalAccountUnitsOutstanding	1127755	shares
CY2015Q1	us-gaap	General Partners Capital Account Units Outstanding GeneralPartnersCapitalAccountUnitsOutstanding	1127755	shares
CY2014Q4	us-gaap	Goodwill Goodwill	7216000	USD
CY2015Q1	us-gaap	Goodwill Goodwill	7216000	USD
CY2014Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Domestic IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic	3993000	USD
CY2015Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Domestic IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic	1670000	USD
CY2014Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	3993000	USD
CY2015Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	1670000	USD
CY2014Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-204000	USD
CY2015Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	656000	USD
CY2014Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	101000	USD
CY2015Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	91000	USD
CY2014Q1	us-gaap	Increase Decrease In Accounts Payable Trade IncreaseDecreaseInAccountsPayableTrade	-1072000	USD
CY2015Q1	us-gaap	Increase Decrease In Accounts Payable Trade IncreaseDecreaseInAccountsPayableTrade	-135000	USD
CY2014Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-719000	USD
CY2015Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	1217000	USD
CY2014Q1	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	832000	USD
CY2015Q1	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	424000	USD
CY2014Q1	us-gaap	Increase Decrease In Due From Related Parties Current IncreaseDecreaseInDueFromRelatedPartiesCurrent	-433000	USD
CY2015Q1	us-gaap	Increase Decrease In Due From Related Parties Current IncreaseDecreaseInDueFromRelatedPartiesCurrent	449000	USD
CY2014Q1	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	-3673000	USD
CY2015Q1	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	-2901000	USD
CY2014Q1	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	-238000	USD
CY2015Q1	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	-31000	USD
CY2014Q1	us-gaap	Increase Decrease In Other Accrued Liabilities IncreaseDecreaseInOtherAccruedLiabilities	-1569000	USD
CY2015Q1	us-gaap	Increase Decrease In Other Accrued Liabilities IncreaseDecreaseInOtherAccruedLiabilities	-360000	USD
CY2014Q1	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	-373000	USD
CY2015Q1	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	83000	USD
CY2014Q1	us-gaap	Increase Decrease In Other Noncurrent Assets IncreaseDecreaseInOtherNoncurrentAssets	-76000	USD
CY2015Q1	us-gaap	Increase Decrease In Other Noncurrent Assets IncreaseDecreaseInOtherNoncurrentAssets	-4000	USD
CY2014Q1	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	-261000	USD
CY2015Q1	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	-278000	USD
CY2014Q1	us-gaap	Increase Decrease In Property And Other Taxes Payable IncreaseDecreaseInPropertyAndOtherTaxesPayable	-431000	USD
CY2015Q1	us-gaap	Liabilities Fair Value Disclosure LiabilitiesFairValueDisclosure	4440000	USD
CY2015Q1	us-gaap	Increase Decrease In Property And Other Taxes Payable IncreaseDecreaseInPropertyAndOtherTaxesPayable	-362000	USD
CY2014Q1	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	100000	USD
CY2015Q1	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	100000	USD
CY2014Q1	us-gaap	Interest Expense InterestExpense	2655000	USD
CY2015Q1	us-gaap	Interest Expense InterestExpense	4283000	USD
CY2014Q1	us-gaap	Interest Expense Long Term Debt InterestExpenseLongTermDebt	2400000	USD
CY2015Q1	us-gaap	Interest Expense Long Term Debt InterestExpenseLongTermDebt	1900000	USD
CY2014Q1	us-gaap	Interest Expense Other InterestExpenseOther	0	USD
CY2015Q1	us-gaap	Interest Expense Other InterestExpenseOther	600000	USD
CY2014Q4	us-gaap	Interest Payable Current InterestPayableCurrent	233000	USD
CY2015Q1	us-gaap	Interest Payable Current InterestPayableCurrent	202000	USD
CY2014Q4	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	20381000	USD
CY2015Q1	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	19131000	USD
CY2014Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	364395000	USD
CY2015Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	361901000	USD
CY2014Q1	us-gaap	Liabilities Assumed1 LiabilitiesAssumed1	899000	USD
CY2015Q1	us-gaap	Liabilities Assumed1 LiabilitiesAssumed1	800000	USD
CY2014Q4	us-gaap	Liabilities Current LiabilitiesCurrent	22069000	USD
CY2015Q1	us-gaap	Liabilities Current LiabilitiesCurrent	17617000	USD
CY2014Q4	us-gaap	Liabilities Fair Value Disclosure LiabilitiesFairValueDisclosure	2634000	USD
CY2014Q4	us-gaap	Limited Partners Capital Account LimitedPartnersCapitalAccount	525767000	USD
CY2015Q1	us-gaap	Limited Partners Capital Account LimitedPartnersCapitalAccount	517388000	USD
CY2014Q3	us-gaap	Limited Partners Capital Account Units Issued LimitedPartnersCapitalAccountUnitsIssued	9775000	shares
CY2014Q4	us-gaap	Limited Partners Offering Costs LimitedPartnersOfferingCosts	3200000	USD
CY2014Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	216000000	USD
CY2015Q1	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	224000000	USD
CY2014Q1	us-gaap	Marketable Securities Unrealized Gain Loss MarketableSecuritiesUnrealizedGainLoss	0	USD
CY2015Q1	us-gaap	Marketable Securities Unrealized Gain Loss MarketableSecuritiesUnrealizedGainLoss	267000	USD
CY2014Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-1071000	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-2616000	USD
CY2014Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-7425000	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-1744000	USD
CY2014Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	6220000	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	4082000	USD
CY2014Q1	us-gaap	Net Income Loss NetIncomeLoss	3892000	USD
CY2015Q1	us-gaap	Net Income Loss NetIncomeLoss	1579000	USD
CY2014Q1	us-gaap	Net Income Loss Allocated To General Partners NetIncomeLossAllocatedToGeneralPartners	93000	USD
CY2015Q1	us-gaap	Net Income Loss Allocated To General Partners NetIncomeLossAllocatedToGeneralPartners	103000	USD
CY2014Q1	us-gaap	Net Income Loss Allocated To Limited Partners NetIncomeLossAllocatedToLimitedPartners	-1592000	USD
CY2015Q1	us-gaap	Net Income Loss Allocated To Limited Partners NetIncomeLossAllocatedToLimitedPartners	-3915000	USD
CY2014Q1	us-gaap	Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted	-0.07
CY2015Q1	us-gaap	Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted	-0.12
CY2014Q1	us-gaap	Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax	-0.07
CY2015Q1	us-gaap	Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax	-0.12
CY2014Q1	us-gaap	Noncontrolling Interest In Net Income Loss Preferred Unit Holders Redeemable NoncontrollingInterestInNetIncomeLossPreferredUnitHoldersRedeemable	5391000	USD
CY2015Q1	us-gaap	Noncontrolling Interest In Net Income Loss Preferred Unit Holders Redeemable NoncontrollingInterestInNetIncomeLossPreferredUnitHoldersRedeemable	5391000	USD
CY2015Q1	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	4	Operating-segments
CY2015Q1	us-gaap	Number Of States In Which Entity Operates NumberOfStatesInWhichEntityOperates	22	States
CY2014Q1	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	35500000	USD
CY2015Q1	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	32386000	USD
CY2014Q1	us-gaap	Operating Expenses OperatingExpenses	39987000	USD
CY2015Q1	us-gaap	Operating Expenses OperatingExpenses	37363000	USD
CY2014Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	6852000	USD
CY2015Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	5297000	USD
CY2014Q4	us-gaap	Other Assets Current OtherAssetsCurrent	3805000	USD
CY2015Q1	us-gaap	Other Assets Current OtherAssetsCurrent	3888000	USD
CY2014Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	2056000	USD
CY2015Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	2043000	USD
CY2014Q4	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	3204000	USD
CY2015Q1	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	3199000	USD
CY2014Q4	us-gaap	Other Long Term Debt Noncurrent OtherLongTermDebtNoncurrent	3620000	USD
CY2015Q1	us-gaap	Other Long Term Debt Noncurrent OtherLongTermDebtNoncurrent	4324000	USD
CY2014Q4	us-gaap	Partners Capital PartnersCapital	119956000	USD
CY2015Q1	us-gaap	Partners Capital PartnersCapital	111413000	USD
CY2015Q1	us-gaap	Partners Capital Account Distributions PartnersCapitalAccountDistributions	10170000	USD
CY2014Q1	us-gaap	Payments For Proceeds From Investments PaymentsForProceedsFromInvestments	0	USD
CY2015Q1	us-gaap	Payments For Proceeds From Investments PaymentsForProceedsFromInvestments	-2346000	USD
CY2014Q1	us-gaap	Payments Of Distributions To Affiliates PaymentsOfDistributionsToAffiliates	8511000	USD
CY2015Q1	us-gaap	Payments Of Distributions To Affiliates PaymentsOfDistributionsToAffiliates	10170000	USD
CY2014Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	7878000	USD
CY2015Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	6413000	USD
CY2014Q4	us-gaap	Preferred Units Issued PreferredUnitsIssued	30158619	shares
CY2015Q1	us-gaap	Preferred Units Issued PreferredUnitsIssued	30158619	shares
CY2014Q4	us-gaap	Preferred Units Outstanding PreferredUnitsOutstanding	30158619	shares
CY2015Q1	us-gaap	Preferred Units Outstanding PreferredUnitsOutstanding	30158619	shares
CY2014Q4	us-gaap	Preferred Units Preferred Partners Capital Accounts PreferredUnitsPreferredPartnersCapitalAccounts	204599000	USD
CY2015Q1	us-gaap	Preferred Units Preferred Partners Capital Accounts PreferredUnitsPreferredPartnersCapitalAccounts	204599000	USD
CY2014Q4	us-gaap	Prepaid Insurance PrepaidInsurance	1582000	USD
CY2015Q1	us-gaap	Prepaid Insurance PrepaidInsurance	2104000	USD
CY2014Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	15000000	USD
CY2015Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	25000000	USD
CY2014Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-597000	USD
CY2015Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-483000	USD
CY2014Q1	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	453000	USD
CY2015Q1	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	417000	USD
CY2014Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	502603000	USD
CY2015Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	507833000	USD
CY2014Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	310163000	USD
CY2015Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	309233000	USD
CY2014Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	7000000	USD
CY2015Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	17000000	USD
CY2014Q1	us-gaap	Revenue From Related Parties RevenueFromRelatedParties	12206000	USD
CY2015Q1	us-gaap	Revenue From Related Parties RevenueFromRelatedParties	10233000	USD
CY2014Q1	us-gaap	Revenues Revenues	46442000	USD
CY2015Q1	us-gaap	Revenues Revenues	42356000	USD
CY2014Q3	us-gaap	Sale Of Stock Price Per Share SaleOfStockPricePerShare	7.61
CY2014Q1	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	34236000	USD
CY2015Q1	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	32123000	USD
CY2014Q1	us-gaap	Share Based Compensation ShareBasedCompensation	-53000	USD
CY2015Q1	us-gaap	Share Based Compensation ShareBasedCompensation	11000	USD
CY2014Q4	us-gaap	Trading Securities Equity Current TradingSecuritiesEquityCurrent	2079000	USD
CY2015Q1	us-gaap	Trading Securities Equity Current TradingSecuritiesEquityCurrent	0	USD
CY2015Q1	us-gaap	Trading Securities Realized Gain Loss TradingSecuritiesRealizedGainLoss	2300000	USD
CY2014Q1	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-355000	USD
CY2015Q1	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-1806000	USD
CY2014Q1	us-gaap	Weighted Average Limited Partnership Units Outstanding WeightedAverageLimitedPartnershipUnitsOutstanding	22900000	shares
CY2015Q1	us-gaap	Weighted Average Limited Partnership Units Outstanding WeightedAverageLimitedPartnershipUnitsOutstanding	32894000	shares
CY2014Q1	us-gaap	Weighted Average Limited Partnership Units Outstanding Diluted WeightedAverageLimitedPartnershipUnitsOutstandingDiluted	22900000	shares
CY2015Q1	us-gaap	Weighted Average Limited Partnership Units Outstanding Diluted WeightedAverageLimitedPartnershipUnitsOutstandingDiluted	32894000	shares
CY2015Q1	us-gaap	Basis Of Accounting BasisOfAccounting	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">BASIS OF CONSOLIDATION AND PRESENTATION</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The financial statements have been prepared in accordance with accounting principles and practices generally accepted in the United States of America (“GAAP”).  The consolidated statements of operations for the </font><font style="font-family:inherit;font-size:10pt;">three months ended March 31,</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">2014</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">2015</font><font style="font-family:inherit;font-size:10pt;">, the consolidated statement of changes in partners’ capital for the </font><font style="font-family:inherit;font-size:10pt;">three months ended March 31,</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">2015</font><font style="font-family:inherit;font-size:10pt;">, the consolidated statements of cash flows for the </font><font style="font-family:inherit;font-size:10pt;">three months ended March 31,</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">2014</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">2015</font><font style="font-family:inherit;font-size:10pt;">, and the consolidated balance sheet as of </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">March 31, 2015</font><font style="font-family:inherit;font-size:10pt;"> are unaudited.  In the opinion of management, the unaudited consolidated financial statements have been prepared on the same basis as the audited financial statements and include all adjustments necessary to state fairly the financial position and results of operations for the respective interim periods.  All adjustments are of a recurring nature unless otherwise disclosed herein.  The 2014 year-end consolidated balance sheet data was derived from audited financial statements but does not include all disclosures required by GAAP.  These unaudited consolidated financial statements and notes should be read in conjunction with the consolidated financial statements and notes thereto included in the Partnership’s annual report on Form 10-K for the year ended December 31, 2014 filed with the Securities and Exchange Commission (the “SEC”) on </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">March 11, 2015</font><font style="font-family:inherit;font-size:10pt;"> (the “2014 Form 10-K”).  Interim financial results are not necessarily indicative of the results to be expected for an annual period.  The Partnership’s significant accounting policies are consistent with those disclosed in Note 4 of the Notes to Consolidated Financial Statements in its 2014 Form 10-K. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Partnership’s investment in Advantage Pipeline, L.L.C. (“Advantage Pipeline”), over which the Partnership has significant influence but not control, is accounted for by the equity method. The Partnership does not consolidate any part of the assets or liabilities of its equity investee. The Partnership’s share of net income or loss is reflected as one line item on the Partnership’s Consolidated Statements of Operations entitled “Equity earnings in unconsolidated affiliate” and will increase or decrease, as applicable, the carrying value of the Partnership’s investment in the unconsolidated affiliate on the consolidated balance sheet. Distributions to the Partnership reduce the carrying value of its investment and are reflected in the Partnership’s consolidated statements of cash flows in the line item “Distributions from unconsolidated affiliate.” In turn, contributions will increase the carrying value of the Partnership’s investment and will be reflected in the Partnership’s Consolidated Statements of Cash Flows in investing activities. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In November 2014, the Partnership received </font><font style="font-family:inherit;font-size:10pt;">30,393</font><font style="font-family:inherit;font-size:10pt;"> Class A Common Units of SemCorp in connection with the settlement of </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> unsecured claims the Partnership filed in connection with SemCorp's predecessor's bankruptcy filing in 2008. The fair market value of these units on the date of receipt was </font><font style="font-family:inherit;font-size:10pt;">$2.5 million</font><font style="font-family:inherit;font-size:10pt;">. In March 2015, the Partnership sold all of these units for a total of </font><font style="font-family:inherit;font-size:10pt;">$2.3 million</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div>

Files In Submission

Name	View Source	Status
0001392091-15-000035-index-headers.html	Edgar Link	pending
0001392091-15-000035-index.html	Edgar Link	pending
0001392091-15-000035.txt	Edgar Link	pending
0001392091-15-000035-xbrl.zip	Edgar Link	pending
bkep-03x31x15x10q.htm	Edgar Link	pending
bkep-20150331.xml	Edgar Link	completed
bkep-20150331.xsd	Edgar Link	pending
bkep-20150331_cal.xml	Edgar Link	unprocessable
bkep-20150331_def.xml	Edgar Link	unprocessable
bkep-20150331_lab.xml	Edgar Link	unprocessable
bkep-20150331_pre.xml	Edgar Link	unprocessable
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xls	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
q12015exhibit311.htm	Edgar Link	pending
q12015exhibit312.htm	Edgar Link	pending
q12015exhibit321.htm	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
R32.htm	Edgar Link	pending
R33.htm	Edgar Link	pending
R34.htm	Edgar Link	pending
R35.htm	Edgar Link	pending
R36.htm	Edgar Link	pending
R37.htm	Edgar Link	pending
R38.htm	Edgar Link	pending
R39.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R40.htm	Edgar Link	pending
R41.htm	Edgar Link	pending
R42.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

Create your account

Find Stocks Worth Researching

Deeply Understand Businesses

Value Businesses Intelligently

Blueknight Energy Partners, L.P.

2015 Q2 Form 10-Q Financial Statement

#000139209115000035 Filed on May 07, 2015

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission