Blueknight Energy Partners, L.P.

$ Overview Financials Valuation SEC Filings Company Website

2017 Q2 Form 10-Q Financial Statement

#000139209117000052 Filed on May 04, 2017

Income Statement

Concept	2017 Q2	2017 Q1	2016 Q1

Balance Sheet

Concept	2017 Q2	2017 Q1	2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$3.300M	$2.800M	$2.000M
YoY Change	10.0%	40.0%	-16.67%
Cash & Equivalents	$3.274M	$2.807M	$2.016M
Short-Term Investments
Other Short-Term Assets	$7.671M	$8.429M	$4.270M
YoY Change	-7.71%	97.4%	9.83%
Inventory
Prepaid Expenses
Receivables	$9.341M	$11.36M	$10.81M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$24.49M	$26.04M	$20.25M
YoY Change	-11.39%	28.56%	-5.41%
LONG-TERM ASSETS
Property, Plant & Equipment	$298.3M	$301.9M	$319.6M
YoY Change	2.97%	-5.56%	3.37%
Goodwill	$4.746M	$4.746M	$4.746M
YoY Change	0.0%	0.0%	-34.23%
Intangibles
YoY Change
Long-Term Investments	$0.00	$0.00	$19.70M
YoY Change	-100.0%	-100.0%	3.14%
Other Assets	$13.76M	$14.19M	$14.95M
YoY Change	-5.91%	-5.06%	631.67%
Total Long-Term Assets	$321.6M	$348.0M	$361.0M
YoY Change	-2.76%	-3.6%	6.03%
TOTAL ASSETS
Total Short-Term Assets	$24.49M	$26.04M	$20.25M
Total Long-Term Assets	$321.6M	$348.0M	$361.0M
Total Assets	$346.1M	$374.1M	$381.3M
YoY Change	-3.43%	-1.89%	5.35%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$4.430M	$4.348M	$6.232M
YoY Change	-8.6%	-30.23%	-9.65%
Accrued Expenses	$7.800M	$5.100M	$6.100M
YoY Change	-3.7%	-16.39%	10.91%
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	$25.95M	$22.18M	$23.16M
YoY Change	13.81%	-4.22%	31.44%
LONG-TERM LIABILITIES
Long-Term Debt	$303.6M	$330.0M	$273.0M
YoY Change	8.81%	20.88%	21.88%
Other Long-Term Liabilities	$4.900M	$5.000M	$7.400M
YoY Change	-37.18%	-32.43%	-16.85%
Total Long-Term Liabilities	$3.372M	$330.0M	$273.0M
YoY Change	-98.79%	20.88%	21.88%
TOTAL LIABILITIES
Total Short-Term Liabilities	$25.95M	$22.18M	$23.16M
Total Long-Term Liabilities	$3.372M	$330.0M	$273.0M
Total Liabilities	$29.32M	$352.2M	$296.2M
YoY Change	-90.29%	18.92%	22.57%
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	$11.70M	$16.90M	$77.70M
YoY Change
Total Liabilities & Shareholders Equity	$346.1M	$374.1M	$381.3M
YoY Change	-3.43%	-1.89%	5.35%

Cashflow Statement

Concept	2017 Q2	2017 Q1	2016 Q1

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2016Q4	bkep	Accumulated Depreciationand Impairments Assetsheldforsale AccumulatedDepreciationandImpairmentsAssetsheldforsale	3041000	USD
CY2017Q1	bkep	Accumulated Depreciationand Impairments Assetsheldforsale AccumulatedDepreciationandImpairmentsAssetsheldforsale	3392000	USD
CY2016Q1	bkep	Allowance For Doubtful Accounts Receivable Related Party Period Increase Decrease AllowanceForDoubtfulAccountsReceivableRelatedPartyPeriodIncreaseDecrease	225000	USD
CY2017Q1	bkep	Allowance For Doubtful Accounts Receivable Related Party Period Increase Decrease AllowanceForDoubtfulAccountsReceivableRelatedPartyPeriodIncreaseDecrease	0	USD
CY2016Q4	bkep	Allowance For Doubtful Accounts Receivables Due From Related Parties Current AllowanceForDoubtfulAccountsReceivablesDueFromRelatedPartiesCurrent	0	USD
CY2017Q1	bkep	Allowance For Doubtful Accounts Receivables Due From Related Parties Current AllowanceForDoubtfulAccountsReceivablesDueFromRelatedPartiesCurrent	0	USD
CY2016Q1	bkep	Chief Executive Officer Non Voting Economic Interest In Company Capital Contribution Related To Profit Interests ChiefExecutiveOfficerNonVotingEconomicInterestInCompanyCapitalContributionRelatedToProfitInterests	37000	USD
CY2017Q1	bkep	Chief Executive Officer Non Voting Economic Interest In Company Capital Contribution Related To Profit Interests ChiefExecutiveOfficerNonVotingEconomicInterestInCompanyCapitalContributionRelatedToProfitInterests	0	USD
CY2016Q4	bkep	Deferred Related Party Revenue Current DeferredRelatedPartyRevenueCurrent	383000	USD
CY2017Q1	bkep	Deferred Related Party Revenue Current DeferredRelatedPartyRevenueCurrent	4194000	USD
CY2016Q4	bkep	General Partner Percentage Interest GeneralPartnerPercentageInterest	0.017
CY2017Q1	bkep	General Partner Percentage Interest GeneralPartnerPercentageInterest	0.016
CY2016Q1	bkep	Increase Decrease In Deferred Revenue Related Parties IncreaseDecreaseInDeferredRevenueRelatedParties	-20000	USD
CY2017Q1	bkep	Increase Decrease In Deferred Revenue Related Parties IncreaseDecreaseInDeferredRevenueRelatedParties	3753000	USD
CY2016Q1	bkep	Operating Margin Excluding Depreciation And Amortization OperatingMarginExcludingDepreciationAndAmortization	17197000	USD
CY2017Q1	bkep	Operating Margin Excluding Depreciation And Amortization OperatingMarginExcludingDepreciationAndAmortization	19361000	USD
CY2017Q1	bkep	Partners Capital Account Unit Based Compensation Netof Taxes Withheld PartnersCapitalAccountUnitBasedCompensationNetofTaxesWithheld	-125000	USD
CY2017Q1	bkep	Percentof Qualifying Incomeminimum PercentofQualifyingIncomeminimum	0.90
CY2016Q1	bkep	Total Weighted Average Limited Partnership Units Outstanding Basic TotalWeightedAverageLimitedPartnershipUnitsOutstandingBasic	33792000	shares
CY2017Q1	bkep	Total Weighted Average Limited Partnership Units Outstanding Basic TotalWeightedAverageLimitedPartnershipUnitsOutstandingBasic	38834000	shares
CY2016Q1	bkep	Weighted Average Restrictedand Phantom Partnership Units Outstanding Basic WeightedAverageRestrictedandPhantomPartnershipUnitsOutstandingBasic	616000	shares
CY2017Q1	bkep	Weighted Average Restrictedand Phantom Partnership Units Outstanding Basic WeightedAverageRestrictedandPhantomPartnershipUnitsOutstandingBasic	688000	shares
CY2017Q1	dei	Amendment Flag AmendmentFlag	false
CY2017Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2017Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2017Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2017
CY2017Q1	dei	Document Period End Date DocumentPeriodEndDate	2017-03-31
CY2017Q1	dei	Document Type DocumentType	10-Q
CY2016Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	38003397	shares
CY2017Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	38155434	shares
CY2016Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	38003397	shares
CY2017Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001392091
CY2017Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	38155434	shares
CY2017Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2017Q1	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
CY2017Q1	dei	Entity Registrant Name EntityRegistrantName	Blueknight Energy Partners, L.P.
CY2017Q1	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2017Q1	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2017Q1	invest	Derivative Notional Amount DerivativeNotionalAmount	200000000	USD
CY2016Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	3174000	USD
CY2017Q1	us-gaap	Accounts Payable Current AccountsPayableCurrent	4348000	USD
CY2016Q4	us-gaap	Accounts Payable Related Parties Current AccountsPayableRelatedPartiesCurrent	1053000	USD
CY2017Q1	us-gaap	Accounts Payable Related Parties Current AccountsPayableRelatedPartiesCurrent	1810000	USD
CY2016Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	7544000	USD
CY2017Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	11358000	USD
CY2016Q4	us-gaap	Accrual For Taxes Other Than Income Taxes Current AccrualForTaxesOtherThanIncomeTaxesCurrent	2531000	USD
CY2017Q1	us-gaap	Accrual For Taxes Other Than Income Taxes Current AccrualForTaxesOtherThanIncomeTaxesCurrent	1811000	USD
CY2016Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	292117000	USD
CY2017Q1	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	298782000	USD
CY2016Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	49000	USD
CY2017Q1	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	41000	USD
CY2016Q1	us-gaap	Allowance For Doubtful Accounts Receivable Period Increase Decrease AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease	-13000	USD
CY2017Q1	us-gaap	Allowance For Doubtful Accounts Receivable Period Increase Decrease AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease	-8000	USD
CY2016Q1	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	220000	USD
CY2017Q1	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	342000	USD
CY2016Q1	us-gaap	Asset Impairment Charges AssetImpairmentCharges	271000	USD
CY2017Q1	us-gaap	Asset Impairment Charges AssetImpairmentCharges	28000	USD
CY2016Q4	us-gaap	Assets Assets	375663000	USD
CY2017Q1	us-gaap	Assets Assets	374067000	USD
CY2016Q4	us-gaap	Assets Current AssetsCurrent	22220000	USD
CY2017Q1	us-gaap	Assets Current AssetsCurrent	26038000	USD
CY2016Q4	us-gaap	Assets Held For Sale Not Part Of Disposal Group Current AssetsHeldForSaleNotPartOfDisposalGroupCurrent	4237000	USD
CY2017Q1	us-gaap	Assets Held For Sale Not Part Of Disposal Group Current AssetsHeldForSaleNotPartOfDisposalGroupCurrent	4365000	USD
CY2016Q4	us-gaap	Assets Held For Sale Not Part Of Disposal Group Current Other AssetsHeldForSaleNotPartOfDisposalGroupCurrentOther	0	USD
CY2017Q1	us-gaap	Assets Held For Sale Not Part Of Disposal Group Current Other AssetsHeldForSaleNotPartOfDisposalGroupCurrentOther	21152000	USD
CY2016Q1	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	434000	USD
CY2017Q1	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	1790000	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
CY2016Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	3304000	USD
CY2017Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	2807000	USD
CY2016Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-1022000	USD
CY2017Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-497000	USD
CY2016Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2017Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2017Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	38155434	shares
CY2016Q1	us-gaap	Cost Of Purchased Oil And Gas CostOfPurchasedOilAndGas	3187000	USD
CY2017Q1	us-gaap	Cost Of Purchased Oil And Gas CostOfPurchasedOilAndGas	3139000	USD
CY2016Q4	us-gaap	Deferred Finance Costs Noncurrent Net DeferredFinanceCostsNoncurrentNet	2050000	USD
CY2017Q1	us-gaap	Deferred Finance Costs Noncurrent Net DeferredFinanceCostsNoncurrentNet	1715000	USD
CY2016Q4	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	2350000	USD
CY2017Q1	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	2878000	USD
CY2017Q1	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	822000	USD
CY2017Q1	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet	0	USD
CY2017Q1	us-gaap	Deferred Tax Assets Property Plant And Equipment DeferredTaxAssetsPropertyPlantAndEquipment	822000	USD
CY2017Q1	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	822000	USD
CY2016Q1	us-gaap	Depreciation Depreciation	6900000	USD
CY2017Q1	us-gaap	Depreciation Depreciation	7700000	USD
CY2016Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	7135000	USD
CY2017Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	8066000	USD
CY2016Q4	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Liability At Fair Value DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLiabilityAtFairValue	1947000	USD
CY2017Q1	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Liability At Fair Value DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLiabilityAtFairValue	1195000	USD
CY2017Q1	us-gaap	Distribution Made To Limited Partner Cash Distributions Declared DistributionMadeToLimitedPartnerCashDistributionsDeclared	6000000	USD
CY2016Q4	us-gaap	Due From Related Parties Current DueFromRelatedPartiesCurrent	1860000	USD
CY2017Q1	us-gaap	Due From Related Parties Current DueFromRelatedPartiesCurrent	1557000	USD
CY2016Q4	us-gaap	Due To Related Parties Noncurrent DueToRelatedPartiesNoncurrent	640000	USD
CY2017Q1	us-gaap	Due To Related Parties Noncurrent DueToRelatedPartiesNoncurrent	582000	USD
CY2017Q1	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.35
CY2016Q4	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	6358000	USD
CY2017Q1	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	2986000	USD
CY2016Q1	us-gaap	Employee Stock Ownership Plan Esop Compensation Expense EmployeeStockOwnershipPlanESOPCompensationExpense	100000	USD
CY2017Q1	us-gaap	Employee Stock Ownership Plan Esop Compensation Expense EmployeeStockOwnershipPlanESOPCompensationExpense	100000	USD
CY2017Q1	us-gaap	Employee Stock Ownership Plan Esop Shares In Esop EmployeeStockOwnershipPlanESOPSharesInESOP	1000000	shares
CY2016Q1	us-gaap	Gain Loss On Sale Of Other Assets GainLossOnSaleOfOtherAssets	-33000	USD
CY2017Q1	us-gaap	Gain Loss On Sale Of Other Assets GainLossOnSaleOfOtherAssets	-125000	USD
CY2016Q1	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	-33000	USD
CY2017Q1	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	-125000	USD
CY2016Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	4745000	USD
CY2017Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	4585000	USD
CY2016Q4	us-gaap	General Partners Capital Account GeneralPartnersCapitalAccount	-699527000	USD
CY2017Q1	us-gaap	General Partners Capital Account GeneralPartnersCapitalAccount	-699556000	USD
CY2016Q4	us-gaap	General Partners Capital Account Units Outstanding GeneralPartnersCapitalAccountUnitsOutstanding	1225409	shares
CY2017Q1	us-gaap	General Partners Capital Account Units Outstanding GeneralPartnersCapitalAccountUnitsOutstanding	1225409	shares
CY2016Q4	us-gaap	Goodwill Goodwill	4746000	USD
CY2017Q1	us-gaap	Goodwill Goodwill	4746000	USD
CY2016Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Domestic IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic	767000	USD
CY2017Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Domestic IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic	3588000	USD
CY2016Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	767000	USD
CY2017Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	3588000	USD
CY2016Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	624000	USD
CY2017Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	61000	USD
CY2016Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	41000	USD
CY2017Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	46000	USD
CY2016Q1	us-gaap	Increase Decrease In Accounts Payable Related Parties IncreaseDecreaseInAccountsPayableRelatedParties	0	USD
CY2017Q1	us-gaap	Increase Decrease In Accounts Payable Related Parties IncreaseDecreaseInAccountsPayableRelatedParties	227000	USD
CY2016Q1	us-gaap	Increase Decrease In Accounts Payable Trade IncreaseDecreaseInAccountsPayableTrade	562000	USD
CY2017Q1	us-gaap	Increase Decrease In Accounts Payable Trade IncreaseDecreaseInAccountsPayableTrade	-86000	USD
CY2016Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	2098000	USD
CY2017Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	3806000	USD
CY2016Q1	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	309000	USD
CY2017Q1	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	794000	USD
CY2016Q1	us-gaap	Increase Decrease In Due From Related Parties Current IncreaseDecreaseInDueFromRelatedPartiesCurrent	-677000	USD
CY2017Q1	us-gaap	Increase Decrease In Due From Related Parties Current IncreaseDecreaseInDueFromRelatedPartiesCurrent	-303000	USD
CY2016Q1	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	-3956000	USD
CY2017Q1	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	-3372000	USD
CY2016Q1	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	38000	USD
CY2017Q1	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	-117000	USD
CY2016Q1	us-gaap	Increase Decrease In Other Accrued Liabilities IncreaseDecreaseInOtherAccruedLiabilities	-823000	USD
CY2017Q1	us-gaap	Increase Decrease In Other Accrued Liabilities IncreaseDecreaseInOtherAccruedLiabilities	-443000	USD
CY2016Q1	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	-114000	USD
CY2017Q1	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	610000	USD
CY2016Q1	us-gaap	Increase Decrease In Other Noncurrent Assets IncreaseDecreaseInOtherNoncurrentAssets	-34000	USD
CY2017Q1	us-gaap	Increase Decrease In Other Noncurrent Assets IncreaseDecreaseInOtherNoncurrentAssets	-3000	USD
CY2016Q1	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	-487000	USD
CY2017Q1	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	-441000	USD
CY2016Q1	us-gaap	Increase Decrease In Property And Other Taxes Payable IncreaseDecreaseInPropertyAndOtherTaxesPayable	-233000	USD
CY2017Q1	us-gaap	Increase Decrease In Property And Other Taxes Payable IncreaseDecreaseInPropertyAndOtherTaxesPayable	-695000	USD
CY2016Q1	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	34000	USD
CY2017Q1	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	2000	USD
CY2016Q1	us-gaap	Interest Expense InterestExpense	4870000	USD
CY2017Q1	us-gaap	Interest Expense InterestExpense	3030000	USD
CY2016Q1	us-gaap	Interest Expense Long Term Debt InterestExpenseLongTermDebt	2400000	USD
CY2017Q1	us-gaap	Interest Expense Long Term Debt InterestExpenseLongTermDebt	3300000	USD
CY2016Q1	us-gaap	Interest Expense Other InterestExpenseOther	600000	USD
CY2017Q1	us-gaap	Interest Expense Other InterestExpenseOther	500000	USD
CY2016Q4	us-gaap	Interest Payable Current InterestPayableCurrent	413000	USD
CY2017Q1	us-gaap	Interest Payable Current InterestPayableCurrent	296000	USD
CY2016Q4	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	20561000	USD
CY2017Q1	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	0	USD
CY2016Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	375663000	USD
CY2017Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	374067000	USD
CY2016Q1	us-gaap	Liabilities Assumed1 LiabilitiesAssumed1	750000	USD
CY2017Q1	us-gaap	Liabilities Assumed1 LiabilitiesAssumed1	750000	USD
CY2016Q4	us-gaap	Liabilities Current LiabilitiesCurrent	20541000	USD
CY2017Q1	us-gaap	Liabilities Current LiabilitiesCurrent	22179000	USD
CY2016Q4	us-gaap	Liabilities Fair Value Disclosure LiabilitiesFairValueDisclosure	1947000	USD
CY2017Q1	us-gaap	Liabilities Fair Value Disclosure LiabilitiesFairValueDisclosure	1195000	USD
CY2016Q4	us-gaap	Limited Partners Capital Account LimitedPartnersCapitalAccount	471180000	USD
CY2017Q1	us-gaap	Limited Partners Capital Account LimitedPartnersCapitalAccount	462562000	USD
CY2017Q1	us-gaap	Limited Partners Capital Account Units Issued LimitedPartnersCapitalAccountUnitsIssued	24538	shares
CY2016Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	324000000	USD
CY2017Q1	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	330000000	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	16705000	USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-6844000	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-22374000	USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-1202000	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	4647000	USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	7549000	USD
CY2016Q1	us-gaap	Net Income Loss NetIncomeLoss	726000	USD
CY2017Q1	us-gaap	Net Income Loss NetIncomeLoss	3542000	USD
CY2016Q1	us-gaap	Net Income Loss Allocated To General Partners NetIncomeLossAllocatedToGeneralPartners	144000	USD
CY2017Q1	us-gaap	Net Income Loss Allocated To General Partners NetIncomeLossAllocatedToGeneralPartners	209000	USD
CY2016Q1	us-gaap	Net Income Loss Allocated To Limited Partners NetIncomeLossAllocatedToLimitedPartners	-4809000	USD
CY2017Q1	us-gaap	Net Income Loss Allocated To Limited Partners NetIncomeLossAllocatedToLimitedPartners	-2946000	USD
CY2016Q1	us-gaap	Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted	-0.14
CY2017Q1	us-gaap	Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted	-0.08
CY2016Q1	us-gaap	Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax	-0.14
CY2017Q1	us-gaap	Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax	-0.08
CY2016Q1	us-gaap	Noncontrolling Interest In Net Income Loss Preferred Unit Holders Redeemable NoncontrollingInterestInNetIncomeLossPreferredUnitHoldersRedeemable	5391000	USD
CY2017Q1	us-gaap	Noncontrolling Interest In Net Income Loss Preferred Unit Holders Redeemable NoncontrollingInterestInNetIncomeLossPreferredUnitHoldersRedeemable	6279000	USD
CY2017Q1	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	4	Operating-segments
CY2017Q1	us-gaap	Number Of States In Which Entity Operates NumberOfStatesInWhichEntityOperates	26	States
CY2016Q1	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	27760000	USD
CY2017Q1	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	31906000	USD
CY2016Q1	us-gaap	Operating Expenses OperatingExpenses	35963000	USD
CY2017Q1	us-gaap	Operating Expenses OperatingExpenses	39658000	USD
CY2016Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	5013000	USD
CY2017Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	6557000	USD
CY2016Q4	us-gaap	Other Assets Current OtherAssetsCurrent	7934000	USD
CY2017Q1	us-gaap	Other Assets Current OtherAssetsCurrent	8429000	USD
CY2016Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	14515000	USD
CY2017Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	14191000	USD
CY2016Q4	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	4279000	USD
CY2017Q1	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	3856000	USD
CY2016Q4	us-gaap	Other Long Term Debt Noncurrent OtherLongTermDebtNoncurrent	2959000	USD
CY2017Q1	us-gaap	Other Long Term Debt Noncurrent OtherLongTermDebtNoncurrent	3182000	USD
CY2016Q4	us-gaap	Partners Capital PartnersCapital	25576000	USD
CY2017Q1	us-gaap	Partners Capital PartnersCapital	16929000	USD
CY2017Q1	us-gaap	Partners Capital Account Distributions PartnersCapitalAccountDistributions	12252000	USD
CY2016Q1	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	0	USD
CY2017Q1	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	7000	USD
CY2016Q1	us-gaap	Payments Of Distributions To Affiliates PaymentsOfDistributionsToAffiliates	10593000	USD
CY2017Q1	us-gaap	Payments Of Distributions To Affiliates PaymentsOfDistributionsToAffiliates	12252000	USD
CY2016Q1	us-gaap	Payments To Acquire Businesses Gross PaymentsToAcquireBusinessesGross	18989000	USD
CY2017Q1	us-gaap	Payments To Acquire Businesses Gross PaymentsToAcquireBusinessesGross	0	USD
CY2016Q4	us-gaap	Preferred Units Issued PreferredUnitsIssued	35125202	shares
CY2016Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	4269000	USD
CY2017Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	4052000	USD
CY2017Q1	us-gaap	Preferred Units Issued PreferredUnitsIssued	35125202	shares
CY2016Q4	us-gaap	Preferred Units Outstanding PreferredUnitsOutstanding	35125202	shares
CY2017Q1	us-gaap	Preferred Units Outstanding PreferredUnitsOutstanding	35125202	shares
CY2016Q4	us-gaap	Preferred Units Preferred Partners Capital Accounts PreferredUnitsPreferredPartnersCapitalAccounts	253923000	USD
CY2017Q1	us-gaap	Preferred Units Preferred Partners Capital Accounts PreferredUnitsPreferredPartnersCapitalAccounts	253923000	USD
CY2016Q4	us-gaap	Prepaid Insurance PrepaidInsurance	1578000	USD
CY2017Q1	us-gaap	Prepaid Insurance PrepaidInsurance	1887000	USD
CY2017Q1	us-gaap	Proceeds From Issuance Of Common Limited Partners Units ProceedsFromIssuanceOfCommonLimitedPartnersUnits	84000	USD
CY2016Q1	us-gaap	Proceeds From Issuance Or Sale Of Equity ProceedsFromIssuanceOrSaleOfEquity	154000	USD
CY2017Q1	us-gaap	Proceeds From Issuance Or Sale Of Equity ProceedsFromIssuanceOrSaleOfEquity	84000	USD
CY2016Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	44000000	USD
CY2017Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	25000000	USD
CY2016Q1	us-gaap	Proceeds From Partnership Contribution ProceedsFromPartnershipContribution	0	USD
CY2017Q1	us-gaap	Proceeds From Partnership Contribution ProceedsFromPartnershipContribution	104000	USD
CY2016Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-893000	USD
CY2017Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-773000	USD
CY2016Q1	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	884000	USD
CY2017Q1	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	2850000	USD
CY2016Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	599451000	USD
CY2017Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	600642000	USD
CY2016Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	307334000	USD
CY2017Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	301860000	USD
CY2016Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	16000000	USD
CY2017Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	19000000	USD
CY2016Q1	us-gaap	Revenue From Related Parties RevenueFromRelatedParties	7009000	USD
CY2017Q1	us-gaap	Revenue From Related Parties RevenueFromRelatedParties	13642000	USD
CY2016Q1	us-gaap	Revenues Revenues	41009000	USD
CY2017Q1	us-gaap	Revenues Revenues	46340000	USD
CY2016Q1	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	3745000	USD
CY2017Q1	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	4035000	USD
CY2016Q1	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	30255000	USD
CY2017Q1	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	28663000	USD
CY2016Q1	us-gaap	Share Based Compensation ShareBasedCompensation	153000	USD
CY2017Q1	us-gaap	Share Based Compensation ShareBasedCompensation	-125000	USD
CY2016Q1	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-1880000	USD
CY2017Q1	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	752000	USD
CY2016Q1	us-gaap	Weighted Average Limited Partnership Units Outstanding WeightedAverageLimitedPartnershipUnitsOutstanding	33176000	shares
CY2017Q1	us-gaap	Weighted Average Limited Partnership Units Outstanding WeightedAverageLimitedPartnershipUnitsOutstanding	38146000	shares
CY2016Q1	us-gaap	Weighted Average Limited Partnership Units Outstanding Diluted WeightedAverageLimitedPartnershipUnitsOutstandingDiluted	33176000	shares
CY2017Q1	us-gaap	Weighted Average Limited Partnership Units Outstanding Diluted WeightedAverageLimitedPartnershipUnitsOutstandingDiluted	38146000	shares
CY2017Q1	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;">2016</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;">2017</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;">2017</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;">2016</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;">2017</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, 2017</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 2016 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, 2016, 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, 2017</font><font style="font-family:inherit;font-size:10pt;"> (the “</font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;"> 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 </font><a style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;" href="#s4E236432E3D17BF5C3F2D80C2799A5A6"><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">Note 3</font></a><font style="font-family:inherit;font-size:10pt;"> of the Notes to Consolidated Financial Statements in its </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;"> 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, to the extent received, will be reflected in the Partnership’s unaudited condensed consolidated statements of cash flows in the line item “Distributions from unconsolidated affiliate.” 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. On April 3, 2017, the Partnership sold its investment in Advantage Pipeline. See Note </font><font style="font-family:inherit;font-size:10pt;">17</font><font style="font-family:inherit;font-size:10pt;"> for additional information.</font></div></div>

Files In Submission

Name	View Source	Status
0001392091-17-000052-index-headers.html	Edgar Link	pending
0001392091-17-000052-index.html	Edgar Link	pending
0001392091-17-000052.txt	Edgar Link	pending
0001392091-17-000052-xbrl.zip	Edgar Link	pending
bkep-03x31x17x10q.htm	Edgar Link	pending
bkep-20170331.xml	Edgar Link	completed
bkep-20170331.xsd	Edgar Link	pending
bkep-20170331_cal.xml	Edgar Link	unprocessable
bkep-20170331_def.xml	Edgar Link	unprocessable
bkep-20170331_lab.xml	Edgar Link	unprocessable
bkep-20170331_pre.xml	Edgar Link	unprocessable
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
q12017exhibit311.htm	Edgar Link	pending
q12017exhibit312.htm	Edgar Link	pending
q12017exhibit321.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
R43.htm	Edgar Link	pending
R44.htm	Edgar Link	pending
R45.htm	Edgar Link	pending
R46.htm	Edgar Link	pending
R47.htm	Edgar Link	pending
R48.htm	Edgar Link	pending
R49.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R50.htm	Edgar Link	pending
R51.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.

2017 Q2 Form 10-Q Financial Statement

#000139209117000052 Filed on May 04, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission