Blueknight Energy Partners, L.P.

$ Overview Financials Valuation SEC Filings Company Website

2016 Q2 Form 10-Q Financial Statement

#000139209116000112 Filed on May 05, 2016

Income Statement

Concept	2016 Q2	2016 Q1	2015 Q1

Balance Sheet

Concept	2016 Q2	2016 Q1	2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$3.000M	$2.000M	$2.400M
YoY Change	25.0%	-16.67%	166.67%
Cash & Equivalents	$3.034M	$2.016M	$2.383M
Short-Term Investments			$0.00
Other Short-Term Assets	$8.312M	$4.270M	$3.888M
YoY Change	102.98%	9.83%	-1.52%
Inventory
Prepaid Expenses
Receivables	$10.66M	$10.81M	$10.27M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$27.63M	$20.25M	$21.41M
YoY Change	0.74%	-5.41%	-2.23%
LONG-TERM ASSETS
Property, Plant & Equipment	$289.7M	$319.6M	$309.2M
YoY Change	-10.58%	3.37%	2.65%
Goodwill	$4.746M	$4.746M	$7.216M
YoY Change	-55.76%	-34.23%	0.0%
Intangibles
YoY Change
Long-Term Investments	$19.90M	$19.70M	$19.10M
YoY Change	2.05%	3.14%	-1.04%
Other Assets	$14.63M	$14.95M	$2.043M
YoY Change	289.07%	631.67%	7.13%
Total Long-Term Assets	$330.7M	$361.0M	$340.5M
YoY Change	-8.28%	6.03%	2.23%
TOTAL ASSETS
Total Short-Term Assets	$27.63M	$20.25M	$21.41M
Total Long-Term Assets	$330.7M	$361.0M	$340.5M
Total Assets	$358.4M	$381.3M	$361.9M
YoY Change	-7.65%	5.35%	1.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$4.847M	$6.232M	$6.898M
YoY Change	-60.06%	-9.65%	-11.69%
Accrued Expenses	$8.100M	$6.100M	$5.500M
YoY Change	8.0%	10.91%	3.77%
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	$22.80M	$23.16M	$17.62M
YoY Change	-15.03%	31.44%	-7.02%
LONG-TERM LIABILITIES
Long-Term Debt	$279.0M	$273.0M	$224.0M
YoY Change	14.81%	21.88%	-20.28%
Other Long-Term Liabilities	$7.800M	$7.400M	$8.900M
YoY Change	-10.34%	-16.85%	111.9%
Total Long-Term Liabilities	$279.0M	$273.0M	$224.0M
YoY Change	14.81%	21.88%	-20.28%
TOTAL LIABILITIES
Total Short-Term Liabilities	$22.80M	$23.16M	$17.62M
Total Long-Term Liabilities	$279.0M	$273.0M	$224.0M
Total Liabilities	$301.8M	$296.2M	$241.6M
YoY Change	11.85%	22.57%	-19.45%
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	$48.80M	$77.70M	$111.4M
YoY Change
Total Liabilities & Shareholders Equity	$358.4M	$381.3M	$361.9M
YoY Change	-7.65%	5.35%	1.96%

Cashflow Statement

Concept	2016 Q2	2016 Q1	2015 Q1

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2015Q4	bkep	Accumulated Depreciationand Impairments Assetsheldforsale AccumulatedDepreciationandImpairmentsAssetsheldforsale	0	USD
CY2016Q1	bkep	Accumulated Depreciationand Impairments Assetsheldforsale AccumulatedDepreciationandImpairmentsAssetsheldforsale	334000	USD
CY2015Q4	bkep	Allowance For Doubtful Accounts Receivables Due From Related Parties Current AllowanceForDoubtfulAccountsReceivablesDueFromRelatedPartiesCurrent	225000	USD
CY2016Q1	bkep	Allowance For Doubtful Accounts Receivables Due From Related Parties Current AllowanceForDoubtfulAccountsReceivablesDueFromRelatedPartiesCurrent	4000	USD
CY2016Q1	bkep	Assets Impairment Chargeson Continuing Operations AssetsImpairmentChargesonContinuingOperations	271000	USD
CY2015Q1	bkep	Chief Executive Officer Non Voting Economic Interest In Company Capital Contribution Related To Profit Interests ChiefExecutiveOfficerNonVotingEconomicInterestInCompanyCapitalContributionRelatedToProfitInterests	37000	USD
CY2016Q1	bkep	Chief Executive Officer Non Voting Economic Interest In Company Capital Contribution Related To Profit Interests ChiefExecutiveOfficerNonVotingEconomicInterestInCompanyCapitalContributionRelatedToProfitInterests	37000	USD
CY2016Q1	bkep	Chief Executive Officer Non Voting Economic Interest In Company Profit Interest Contributions ChiefExecutiveOfficerNonVotingEconomicInterestInCompanyProfitInterestContributions	37000	USD
CY2015Q4	bkep	Deferred Related Party Revenue Current DeferredRelatedPartyRevenueCurrent	756000	USD
CY2016Q1	bkep	Deferred Related Party Revenue Current DeferredRelatedPartyRevenueCurrent	746000	USD
CY2015Q4	bkep	General Partner Percentage Interest GeneralPartnerPercentageInterest	0.018
CY2016Q1	bkep	General Partner Percentage Interest GeneralPartnerPercentageInterest	0.018
CY2016Q1	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
CY2015Q1	bkep	Increase Decrease In Deferred Revenue Related Parties IncreaseDecreaseInDeferredRevenueRelatedParties	-116000	USD
CY2016Q1	bkep	Increase Decrease In Deferred Revenue Related Parties IncreaseDecreaseInDeferredRevenueRelatedParties	-20000	USD
CY2015Q1	bkep	Operating Margin Excluding Depreciation And Amortization OperatingMarginExcludingDepreciationAndAmortization	16616000	USD
CY2016Q1	bkep	Operating Margin Excluding Depreciation And Amortization OperatingMarginExcludingDepreciationAndAmortization	17197000	USD
CY2015Q1	bkep	Provisionforuncollectiblereceivablesfromrelatedparty Provisionforuncollectiblereceivablesfromrelatedparty	0	USD
CY2016Q1	bkep	Provisionforuncollectiblereceivablesfromrelatedparty Provisionforuncollectiblereceivablesfromrelatedparty	-225000	USD
CY2015Q1	bkep	Weighted Average Restrictedand Phantom Partnership Units Outstanding Basic WeightedAverageRestrictedandPhantomPartnershipUnitsOutstandingBasic	562000	shares
CY2016Q1	bkep	Weighted Average Restrictedand Phantom Partnership Units Outstanding Basic WeightedAverageRestrictedandPhantomPartnershipUnitsOutstandingBasic	616000	shares
CY2016Q1	dei	Amendment Flag AmendmentFlag	false
CY2016Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2016Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2016Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2016
CY2016Q1	dei	Document Period End Date DocumentPeriodEndDate	2016-03-31
CY2016Q1	dei	Document Type DocumentType	10-Q
CY2016Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001392091
CY2016Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	33202518	shares
CY2016Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2016Q1	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
CY2016Q1	dei	Entity Registrant Name EntityRegistrantName	Blueknight Energy Partners, L.P.
CY2016Q1	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2016Q1	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2016Q1	invest	Derivative Notional Amount DerivativeNotionalAmount	200000000	USD
CY2015Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	5236000	USD
CY2016Q1	us-gaap	Accounts Payable Current AccountsPayableCurrent	6232000	USD
CY2015Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	8697000	USD
CY2016Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	10808000	USD
CY2015Q4	us-gaap	Accrual For Taxes Other Than Income Taxes Current AccrualForTaxesOtherThanIncomeTaxesCurrent	2773000	USD
CY2016Q1	us-gaap	Accrual For Taxes Other Than Income Taxes Current AccrualForTaxesOtherThanIncomeTaxesCurrent	2540000	USD
CY2015Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	205967000	USD
CY2016Q1	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	211780000	USD
CY2015Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	38000	USD
CY2016Q1	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	21000	USD
CY2015Q1	us-gaap	Allowance For Doubtful Accounts Receivable Period Increase Decrease AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease	-4000	USD
CY2016Q1	us-gaap	Allowance For Doubtful Accounts Receivable Period Increase Decrease AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease	-13000	USD
CY2015Q1	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	219000	USD
CY2016Q1	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	220000	USD
CY2015Q1	us-gaap	Asset Impairment Charges AssetImpairmentCharges	0	USD
CY2016Q1	us-gaap	Asset Impairment Charges AssetImpairmentCharges	271000	USD
CY2015Q4	us-gaap	Assets Assets	364746000	USD
CY2016Q1	us-gaap	Assets Assets	381271000	USD
CY2015Q4	us-gaap	Assets Current AssetsCurrent	19360000	USD
CY2016Q1	us-gaap	Assets Current AssetsCurrent	20253000	USD
CY2015Q4	us-gaap	Assets Held For Sale Not Part Of Disposal Group Current AssetsHeldForSaleNotPartOfDisposalGroupCurrent	0	USD
CY2016Q1	us-gaap	Assets Held For Sale Not Part Of Disposal Group Current AssetsHeldForSaleNotPartOfDisposalGroupCurrent	107000	USD
CY2015Q1	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	-593000	USD
CY2016Q1	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	434000	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
CY2015Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	3038000	USD
CY2016Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	2016000	USD
CY2015Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-278000	USD
CY2016Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-1022000	USD
CY2015Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2016Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2015Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	32774163	shares
CY2016Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	33198339	shares
CY2015Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	32774163	shares
CY2016Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	33198339	shares
CY2015Q1	us-gaap	Cost Of Purchased Oil And Gas CostOfPurchasedOilAndGas	0	USD
CY2016Q1	us-gaap	Cost Of Purchased Oil And Gas CostOfPurchasedOilAndGas	3187000	USD
CY2015Q1	us-gaap	Debt Instrument Interest Rate During Period DebtInstrumentInterestRateDuringPeriod	0.0341
CY2016Q1	us-gaap	Debt Instrument Interest Rate During Period DebtInstrumentInterestRateDuringPeriod	0.0360
CY2015Q4	us-gaap	Deferred Finance Costs Noncurrent Net DeferredFinanceCostsNoncurrentNet	2201000	USD
CY2016Q1	us-gaap	Deferred Finance Costs Noncurrent Net DeferredFinanceCostsNoncurrentNet	1981000	USD
CY2015Q4	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	4299000	USD
CY2016Q1	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	4922000	USD
CY2016Q1	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	870000	USD
CY2016Q1	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet	0	USD
CY2016Q1	us-gaap	Deferred Tax Assets Property Plant And Equipment DeferredTaxAssetsPropertyPlantAndEquipment	870000	USD
CY2016Q1	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	870000	USD
CY2015Q1	us-gaap	Depreciation Depreciation	6600000	USD
CY2016Q1	us-gaap	Depreciation Depreciation	6900000	USD
CY2015Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	6646000	USD
CY2016Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	7135000	USD
CY2015Q4	us-gaap	Derivative Fair Value Of Derivative Liability DerivativeFairValueOfDerivativeLiability	3103000	USD
CY2016Q1	us-gaap	Derivative Fair Value Of Derivative Liability DerivativeFairValueOfDerivativeLiability	4983000	USD
CY2016Q1	us-gaap	Distribution Made To Limited Partner Cash Distributions Declared DistributionMadeToLimitedPartnerCashDistributionsDeclared	4800000	USD
CY2015Q4	us-gaap	Due From Related Parties Current DueFromRelatedPartiesCurrent	1844000	USD
CY2016Q1	us-gaap	Due From Related Parties Current DueFromRelatedPartiesCurrent	1392000	USD
CY2015Q4	us-gaap	Due To Related Parties Noncurrent DueToRelatedPartiesNoncurrent	80000	USD
CY2016Q1	us-gaap	Due To Related Parties Noncurrent DueToRelatedPartiesNoncurrent	70000	USD
CY2016Q1	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.35
CY2015Q4	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	7263000	USD
CY2016Q1	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	3307000	USD
CY2015Q1	us-gaap	Employee Stock Ownership Plan Esop Compensation Expense EmployeeStockOwnershipPlanESOPCompensationExpense	100000	USD
CY2016Q1	us-gaap	Employee Stock Ownership Plan Esop Compensation Expense EmployeeStockOwnershipPlanESOPCompensationExpense	100000	USD
CY2016Q1	us-gaap	Employee Stock Ownership Plan Esop Shares In Esop EmployeeStockOwnershipPlanESOPSharesInESOP	1000000	shares
CY2015Q1	us-gaap	Gain Loss On Sale Of Other Assets GainLossOnSaleOfOtherAssets	304000	USD
CY2016Q1	us-gaap	Gain Loss On Sale Of Other Assets GainLossOnSaleOfOtherAssets	-33000	USD
CY2015Q1	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	304000	USD
CY2016Q1	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	-33000	USD
CY2015Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	4977000	USD
CY2016Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	4745000	USD
CY2015Q4	us-gaap	General Partners Capital Account GeneralPartnersCapitalAccount	-611204000	USD
CY2016Q1	us-gaap	General Partners Capital Account GeneralPartnersCapitalAccount	-611469000	USD
CY2015Q4	us-gaap	General Partners Capital Account Units Outstanding GeneralPartnersCapitalAccountUnitsOutstanding	1127755	shares
CY2016Q1	us-gaap	General Partners Capital Account Units Outstanding GeneralPartnersCapitalAccountUnitsOutstanding	1127755	shares
CY2015Q4	us-gaap	Goodwill Goodwill	4387000	USD
CY2016Q1	us-gaap	Goodwill Goodwill	4746000	USD
CY2015Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Domestic IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic	1670000	USD
CY2016Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Domestic IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic	767000	USD
CY2015Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	1670000	USD
CY2016Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	767000	USD
CY2015Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	656000	USD
CY2016Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	624000	USD
CY2015Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	91000	USD
CY2016Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	41000	USD
CY2015Q1	us-gaap	Increase Decrease In Accounts Payable Trade IncreaseDecreaseInAccountsPayableTrade	-135000	USD
CY2016Q1	us-gaap	Increase Decrease In Accounts Payable Trade IncreaseDecreaseInAccountsPayableTrade	562000	USD
CY2015Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	1217000	USD
CY2016Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	2098000	USD
CY2015Q1	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	424000	USD
CY2016Q1	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	309000	USD
CY2015Q1	us-gaap	Increase Decrease In Due From Related Parties Current IncreaseDecreaseInDueFromRelatedPartiesCurrent	449000	USD
CY2016Q1	us-gaap	Increase Decrease In Due From Related Parties Current IncreaseDecreaseInDueFromRelatedPartiesCurrent	-677000	USD
CY2015Q1	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	-2901000	USD
CY2016Q1	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	-3956000	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-22374000	USD
CY2015Q1	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	-31000	USD
CY2016Q1	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	38000	USD
CY2015Q1	us-gaap	Increase Decrease In Other Accrued Liabilities IncreaseDecreaseInOtherAccruedLiabilities	-360000	USD
CY2016Q1	us-gaap	Increase Decrease In Other Accrued Liabilities IncreaseDecreaseInOtherAccruedLiabilities	-823000	USD
CY2015Q1	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	83000	USD
CY2016Q1	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	-114000	USD
CY2015Q1	us-gaap	Increase Decrease In Other Noncurrent Assets IncreaseDecreaseInOtherNoncurrentAssets	-4000	USD
CY2016Q1	us-gaap	Increase Decrease In Other Noncurrent Assets IncreaseDecreaseInOtherNoncurrentAssets	-34000	USD
CY2015Q1	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	-278000	USD
CY2016Q1	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	-487000	USD
CY2015Q1	us-gaap	Increase Decrease In Property And Other Taxes Payable IncreaseDecreaseInPropertyAndOtherTaxesPayable	-362000	USD
CY2016Q1	us-gaap	Increase Decrease In Property And Other Taxes Payable IncreaseDecreaseInPropertyAndOtherTaxesPayable	-233000	USD
CY2015Q1	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	100000	USD
CY2016Q1	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	100000	USD
CY2015Q1	us-gaap	Interest Expense InterestExpense	4283000	USD
CY2016Q1	us-gaap	Interest Expense InterestExpense	4870000	USD
CY2015Q1	us-gaap	Interest Expense Long Term Debt InterestExpenseLongTermDebt	1900000	USD
CY2016Q1	us-gaap	Interest Expense Long Term Debt InterestExpenseLongTermDebt	2400000	USD
CY2015Q1	us-gaap	Interest Expense Other InterestExpenseOther	600000	USD
CY2016Q1	us-gaap	Interest Expense Other InterestExpenseOther	600000	USD
CY2015Q4	us-gaap	Interest Payable Current InterestPayableCurrent	191000	USD
CY2016Q1	us-gaap	Interest Payable Current InterestPayableCurrent	229000	USD
CY2015Q4	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	19078000	USD
CY2016Q1	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	19702000	USD
CY2015Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	364746000	USD
CY2016Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	381271000	USD
CY2015Q1	us-gaap	Liabilities Assumed1 LiabilitiesAssumed1	800000	USD
CY2016Q1	us-gaap	Liabilities Assumed1 LiabilitiesAssumed1	750000	USD
CY2015Q4	us-gaap	Liabilities Current LiabilitiesCurrent	26876000	USD
CY2016Q1	us-gaap	Liabilities Current LiabilitiesCurrent	23155000	USD
CY2015Q4	us-gaap	Liabilities Fair Value Disclosure LiabilitiesFairValueDisclosure	3103000	USD
CY2016Q1	us-gaap	Liabilities Fair Value Disclosure LiabilitiesFairValueDisclosure	4983000	USD
CY2015Q4	us-gaap	Limited Partners Capital Account LimitedPartnersCapitalAccount	493824000	USD
CY2016Q1	us-gaap	Limited Partners Capital Account LimitedPartnersCapitalAccount	484566000	USD
CY2016Q1	us-gaap	Limited Partners Capital Account Units Issued LimitedPartnersCapitalAccountUnitsIssued	30444	shares
CY2014Q3	us-gaap	Limited Partners Capital Account Units Issued LimitedPartnersCapitalAccountUnitsIssued	9775000	shares
CY2014Q3	us-gaap	Limited Partners Offering Costs LimitedPartnersOfferingCosts	3200000	USD
CY2015Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	245000000	USD
CY2016Q1	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	273000000	USD
CY2015Q1	us-gaap	Marketable Securities Unrealized Gain Loss MarketableSecuritiesUnrealizedGainLoss	267000	USD
CY2016Q1	us-gaap	Marketable Securities Unrealized Gain Loss MarketableSecuritiesUnrealizedGainLoss	0	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-2616000	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	16705000	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-1744000	USD
CY2015Q4	us-gaap	Other Assets Current OtherAssetsCurrent	4384000	USD
CY2016Q1	us-gaap	Net Income Loss NetIncomeLoss	726000	USD
CY2016Q1	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	27760000	USD
CY2015Q1	us-gaap	Operating Expenses OperatingExpenses	37363000	USD
CY2015Q1	us-gaap	Net Income Loss Allocated To General Partners NetIncomeLossAllocatedToGeneralPartners	103000	USD
CY2016Q1	us-gaap	Net Income Loss Allocated To General Partners NetIncomeLossAllocatedToGeneralPartners	144000	USD
CY2015Q1	us-gaap	Net Income Loss Allocated To Limited Partners NetIncomeLossAllocatedToLimitedPartners	-3915000	USD
CY2016Q1	us-gaap	Operating Expenses OperatingExpenses	35963000	USD
CY2015Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	5297000	USD
CY2016Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	5013000	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	4082000	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	4647000	USD
CY2015Q1	us-gaap	Net Income Loss NetIncomeLoss	1579000	USD
CY2016Q1	us-gaap	Net Income Loss Allocated To Limited Partners NetIncomeLossAllocatedToLimitedPartners	-4809000	USD
CY2015Q1	us-gaap	Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted	-0.12
CY2016Q1	us-gaap	Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted	-0.14
CY2015Q1	us-gaap	Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax	-0.12
CY2016Q1	us-gaap	Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax	-0.14
CY2015Q1	us-gaap	Noncontrolling Interest In Net Income Loss Preferred Unit Holders Redeemable NoncontrollingInterestInNetIncomeLossPreferredUnitHoldersRedeemable	5391000	USD
CY2016Q1	us-gaap	Noncontrolling Interest In Net Income Loss Preferred Unit Holders Redeemable NoncontrollingInterestInNetIncomeLossPreferredUnitHoldersRedeemable	5391000	USD
CY2016Q1	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	4	Operating-segments
CY2016Q1	us-gaap	Number Of States In Which Entity Operates NumberOfStatesInWhichEntityOperates	24	States
CY2015Q1	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	32386000	USD
CY2016Q1	us-gaap	Other Assets Current OtherAssetsCurrent	4270000	USD
CY2015Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	6786000	USD
CY2016Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	14948000	USD
CY2015Q4	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	6358000	USD
CY2016Q1	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	5179000	USD
CY2015Q4	us-gaap	Other Long Term Debt Noncurrent OtherLongTermDebtNoncurrent	2468000	USD
CY2016Q1	us-gaap	Other Long Term Debt Noncurrent OtherLongTermDebtNoncurrent	2367000	USD
CY2015Q4	us-gaap	Partners Capital PartnersCapital	87219000	USD
CY2016Q1	us-gaap	Partners Capital PartnersCapital	77696000	USD
CY2016Q1	us-gaap	Partners Capital Account Distributions PartnersCapitalAccountDistributions	10593000	USD
CY2015Q1	us-gaap	Payments For Proceeds From Investments PaymentsForProceedsFromInvestments	-2346000	USD
CY2016Q1	us-gaap	Payments For Proceeds From Investments PaymentsForProceedsFromInvestments	0	USD
CY2015Q1	us-gaap	Payments Of Distributions To Affiliates PaymentsOfDistributionsToAffiliates	10170000	USD
CY2016Q1	us-gaap	Payments Of Distributions To Affiliates PaymentsOfDistributionsToAffiliates	10593000	USD
CY2015Q1	us-gaap	Payments To Acquire Businesses Gross PaymentsToAcquireBusinessesGross	0	USD
CY2016Q1	us-gaap	Payments To Acquire Businesses Gross PaymentsToAcquireBusinessesGross	18989000	USD
CY2015Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	6413000	USD
CY2016Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	4269000	USD
CY2015Q4	us-gaap	Preferred Units Issued PreferredUnitsIssued	30158619	shares
CY2016Q1	us-gaap	Preferred Units Issued PreferredUnitsIssued	30158619	shares
CY2015Q4	us-gaap	Preferred Units Outstanding PreferredUnitsOutstanding	30158619	shares
CY2016Q1	us-gaap	Preferred Units Outstanding PreferredUnitsOutstanding	30158619	shares
CY2015Q4	us-gaap	Preferred Units Preferred Partners Capital Accounts PreferredUnitsPreferredPartnersCapitalAccounts	204599000	USD
CY2016Q1	us-gaap	Preferred Units Preferred Partners Capital Accounts PreferredUnitsPreferredPartnersCapitalAccounts	204599000	USD
CY2015Q4	us-gaap	Prepaid Insurance PrepaidInsurance	1397000	USD
CY2016Q1	us-gaap	Prepaid Insurance PrepaidInsurance	1660000	USD
CY2015Q1	us-gaap	Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital	1906000	USD
CY2016Q1	us-gaap	Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital	0	USD
CY2016Q1	us-gaap	Proceeds From Issuance Of Common Limited Partners Units ProceedsFromIssuanceOfCommonLimitedPartnersUnits	154000	USD
CY2015Q1	us-gaap	Proceeds From Issuance Or Sale Of Equity ProceedsFromIssuanceOrSaleOfEquity	0	USD
CY2016Q1	us-gaap	Proceeds From Issuance Or Sale Of Equity ProceedsFromIssuanceOrSaleOfEquity	154000	USD
CY2015Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	25000000	USD
CY2016Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	44000000	USD
CY2015Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-483000	USD
CY2016Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-893000	USD
CY2015Q1	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	417000	USD
CY2016Q1	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	884000	USD
CY2015Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	518901000	USD
CY2016Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	531421000	USD
CY2015Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	312934000	USD
CY2016Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	319641000	USD
CY2015Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	17000000	USD
CY2016Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	16000000	USD
CY2015Q1	us-gaap	Revenue From Related Parties RevenueFromRelatedParties	10233000	USD
CY2016Q1	us-gaap	Revenue From Related Parties RevenueFromRelatedParties	7009000	USD
CY2015Q1	us-gaap	Revenues Revenues	42356000	USD
CY2016Q1	us-gaap	Revenues Revenues	41009000	USD
CY2014Q3	us-gaap	Sale Of Stock Price Per Share SaleOfStockPricePerShare	7.61
CY2015Q1	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	0	USD
CY2016Q1	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	3745000	USD
CY2015Q1	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	32123000	USD
CY2016Q1	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	30255000	USD
CY2015Q1	us-gaap	Share Based Compensation ShareBasedCompensation	11000	USD
CY2016Q1	us-gaap	Share Based Compensation ShareBasedCompensation	153000	USD
CY2015Q1	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-1806000	USD
CY2016Q1	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-1880000	USD
CY2015Q1	us-gaap	Weighted Average Limited Partnership Units Outstanding WeightedAverageLimitedPartnershipUnitsOutstanding	32894000	shares
CY2016Q1	us-gaap	Weighted Average Limited Partnership Units Outstanding WeightedAverageLimitedPartnershipUnitsOutstanding	33176000	shares
CY2015Q1	us-gaap	Weighted Average Limited Partnership Units Outstanding Diluted WeightedAverageLimitedPartnershipUnitsOutstandingDiluted	32894000	shares
CY2016Q1	us-gaap	Weighted Average Limited Partnership Units Outstanding Diluted WeightedAverageLimitedPartnershipUnitsOutstandingDiluted	33176000	shares
CY2016Q1	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 generally accepted in the United States of America (“GAAP”).  The condensed 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;">2015</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;">2016</font><font style="font-family:inherit;font-size:10pt;">, the condensed 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;">2016</font><font style="font-family:inherit;font-size:10pt;">, the condensed 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;">2015</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;">2016</font><font style="font-family:inherit;font-size:10pt;">, and the condensed consolidated balance sheet as of </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">March 31, 2016</font><font style="font-family:inherit;font-size:10pt;">, are unaudited.  In the opinion of management, the unaudited condensed 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 2015 year-end condensed consolidated balance sheet data was derived from audited financial statements but does not include all disclosures required by GAAP.  These unaudited condensed 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, 2015, 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 9, 2016</font><font style="font-family:inherit;font-size:10pt;"> (the “2015 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 3 of the Notes to Consolidated Financial Statements in its 2015 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 unaudited condensed 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 unconsolidated affiliate” on the unaudited condensed consolidated balance sheets. Distributions to the Partnership reduce the carrying value of its investment and are reflected in the Partnership’s unaudited condensed 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 unaudited condensed consolidated statements of cash flows in investing activities.</font></div></div>

Files In Submission

Name	View Source	Status
0001392091-16-000112-index-headers.html	Edgar Link	pending
0001392091-16-000112-index.html	Edgar Link	pending
0001392091-16-000112.txt	Edgar Link	pending
0001392091-16-000112-xbrl.zip	Edgar Link	pending
bkep-03x31x16x10q.htm	Edgar Link	pending
bkep-20160331.xml	Edgar Link	completed
bkep-20160331.xsd	Edgar Link	pending
bkep-20160331_cal.xml	Edgar Link	unprocessable
bkep-20160331_def.xml	Edgar Link	unprocessable
bkep-20160331_lab.xml	Edgar Link	unprocessable
bkep-20160331_pre.xml	Edgar Link	unprocessable
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
q12016exhibit311.htm	Edgar Link	pending
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report.css	Edgar Link	pending
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Blueknight Energy Partners, L.P.

2016 Q2 Form 10-Q Financial Statement

#000139209116000112 Filed on May 05, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission