Blueknight Energy Partners, L.P.

$ Overview Financials Valuation SEC Filings Company Website

2018 Q2 Form 10-Q Financial Statement

#000139209118000047 Filed on May 10, 2018

Income Statement

Concept	2018 Q2	2018 Q1	2017 Q1

Balance Sheet

Concept	2018 Q2	2018 Q1	2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$1.200M	$2.100M	$2.800M
YoY Change	-63.64%	-25.0%	40.0%
Cash & Equivalents	$1.193M	$2.081M	$2.807M
Short-Term Investments
Other Short-Term Assets	$12.72M	$8.503M	$8.429M
YoY Change	65.77%	0.88%	97.4%
Inventory
Prepaid Expenses
Receivables	$31.27M	$10.39M	$11.36M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$48.49M	$25.07M	$26.04M
YoY Change	98.04%	-3.71%	28.56%
LONG-TERM ASSETS
Property, Plant & Equipment	$295.7M	$304.4M	$301.9M
YoY Change	-0.88%	0.85%	-5.56%
Goodwill	$6.728M	$6.728M	$4.746M
YoY Change	41.76%	41.76%	0.0%
Intangibles
YoY Change
Long-Term Investments			$0.00
YoY Change			-100.0%
Other Assets	$18.92M	$19.65M	$14.19M
YoY Change	37.48%	38.5%	-5.06%
Total Long-Term Assets	$342.0M	$336.5M	$348.0M
YoY Change	6.34%	-3.31%	-3.6%
TOTAL ASSETS
Total Short-Term Assets	$48.49M	$25.07M	$26.04M
Total Long-Term Assets	$342.0M	$336.5M	$348.0M
Total Assets	$390.5M	$361.6M	$374.1M
YoY Change	12.83%	-3.34%	-1.89%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$5.244M	$4.699M	$4.348M
YoY Change	18.37%	8.07%	-30.23%
Accrued Expenses	$7.700M	$5.900M	$5.100M
YoY Change	-1.28%	15.69%	-16.39%
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	$49.60M	$25.51M	$22.18M
YoY Change	91.18%	15.0%	-4.22%
LONG-TERM LIABILITIES
Long-Term Debt	$349.6M	$334.6M	$330.0M
YoY Change	15.15%	1.39%	20.88%
Other Long-Term Liabilities	$4.700M	$4.600M	$5.000M
YoY Change	-4.08%	-8.0%	-32.43%
Total Long-Term Liabilities	$349.6M	$334.6M	$330.0M
YoY Change	10267.5%	1.39%	20.88%
TOTAL LIABILITIES
Total Short-Term Liabilities	$49.60M	$25.51M	$22.18M
Total Long-Term Liabilities	$349.6M	$334.6M	$330.0M
Total Liabilities	$399.2M	$360.1M	$352.2M
YoY Change	1261.61%	2.25%	18.92%
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	-$13.40M	-$3.100M	$16.90M
YoY Change
Total Liabilities & Shareholders Equity	$390.5M	$361.6M	$374.1M
YoY Change	12.83%	-3.34%	-1.89%

Cashflow Statement

Concept	2018 Q2	2018 Q1	2017 Q1

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2017Q4	bkep	Accumulated Depreciationand Impairments Assetsheldforsale AccumulatedDepreciationandImpairmentsAssetsheldforsale	0	USD
CY2018Q1	bkep	Accumulated Depreciationand Impairments Assetsheldforsale AccumulatedDepreciationandImpairmentsAssetsheldforsale	3736000	USD
CY2017Q4	bkep	Allowance For Doubtful Accounts Receivables Due From Related Parties Current AllowanceForDoubtfulAccountsReceivablesDueFromRelatedPartiesCurrent	0	USD
CY2018Q1	bkep	Allowance For Doubtful Accounts Receivables Due From Related Parties Current AllowanceForDoubtfulAccountsReceivablesDueFromRelatedPartiesCurrent	0	USD
CY2017Q4	bkep	Deferred Related Party Revenue Current DeferredRelatedPartyRevenueCurrent	551000	USD
CY2018Q1	bkep	Deferred Related Party Revenue Current DeferredRelatedPartyRevenueCurrent	4312000	USD
CY2017Q4	bkep	General Partner Percentage Interest GeneralPartnerPercentageInterest	0.016
CY2018Q1	bkep	General Partner Percentage Interest GeneralPartnerPercentageInterest	0.016
CY2017Q1	bkep	Increase Decrease In Deferred Revenue Related Parties IncreaseDecreaseInDeferredRevenueRelatedParties	3753000	USD
CY2018Q1	bkep	Increase Decrease In Deferred Revenue Related Parties IncreaseDecreaseInDeferredRevenueRelatedParties	3655000	USD
CY2017Q1	bkep	Noncash Changesin Property Plantand Equipment NoncashChangesinPropertyPlantandEquipment	1790000	USD
CY2018Q1	bkep	Noncash Changesin Property Plantand Equipment NoncashChangesinPropertyPlantandEquipment	1251000	USD
CY2017Q1	bkep	Operating Leases Lease Revenuefrom Related Parties OperatingLeasesLeaseRevenuefromRelatedParties	0	USD
CY2018Q1	bkep	Operating Leases Lease Revenuefrom Related Parties OperatingLeasesLeaseRevenuefromRelatedParties	7703000	USD
CY2017Q1	bkep	Operating Margin Excluding Depreciation And Amortization OperatingMarginExcludingDepreciationAndAmortization	19361000	USD
CY2018Q1	bkep	Operating Margin Excluding Depreciation And Amortization OperatingMarginExcludingDepreciationAndAmortization	18255000	USD
CY2017Q1	bkep	Sales Revenuefrom Related Parties Services Net SalesRevenuefromRelatedPartiesServicesNet	13642000	USD
CY2018Q1	bkep	Sales Revenuefrom Related Parties Services Net SalesRevenuefromRelatedPartiesServicesNet	6321000	USD
CY2017Q1	bkep	Total Weighted Average Limited Partnership Units Outstanding Basic TotalWeightedAverageLimitedPartnershipUnitsOutstandingBasic	38834000	shares
CY2018Q1	bkep	Total Weighted Average Limited Partnership Units Outstanding Basic TotalWeightedAverageLimitedPartnershipUnitsOutstandingBasic	41122000	shares
CY2017Q1	bkep	Weighted Average Restrictedand Phantom Partnership Units Outstanding Basic WeightedAverageRestrictedandPhantomPartnershipUnitsOutstandingBasic	688000	shares
CY2018Q1	bkep	Weighted Average Restrictedand Phantom Partnership Units Outstanding Basic WeightedAverageRestrictedandPhantomPartnershipUnitsOutstandingBasic	833000	shares
CY2018Q1	dei	Amendment Flag AmendmentFlag	false
CY2018Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2018Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2018Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2018
CY2018Q1	dei	Document Period End Date DocumentPeriodEndDate	2018-03-31
CY2018Q1	dei	Document Type DocumentType	10-Q
CY2018Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001392091
CY2018Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	40321442	shares
CY2018Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2018Q1	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
CY2018Q1	dei	Entity Registrant Name EntityRegistrantName	Blueknight Energy Partners, L.P.
CY2018Q1	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2018Q1	us-gaap	Accounts Payable Related Parties Current AccountsPayableRelatedPartiesCurrent	3266000	USD
CY2018Q1	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2018Q1	invest	Derivative Notional Amount DerivativeNotionalAmount	200000000	USD
CY2017Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	4439000	USD
CY2018Q1	us-gaap	Accounts Payable Current AccountsPayableCurrent	4699000	USD
CY2017Q4	us-gaap	Accounts Payable Related Parties Current AccountsPayableRelatedPartiesCurrent	2268000	USD
CY2017Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	7589000	USD
CY2018Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	10392000	USD
CY2017Q4	us-gaap	Accrual For Taxes Other Than Income Taxes Current AccrualForTaxesOtherThanIncomeTaxesCurrent	2432000	USD
CY2018Q1	us-gaap	Accrual For Taxes Other Than Income Taxes Current AccrualForTaxesOtherThanIncomeTaxesCurrent	2352000	USD
CY2017Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	316591000	USD
CY2018Q1	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	319220000	USD
CY2017Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	28000	USD
CY2018Q1	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	36000	USD
CY2017Q1	us-gaap	Allowance For Doubtful Accounts Receivable Period Increase Decrease AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease	-8000	USD
CY2018Q1	us-gaap	Allowance For Doubtful Accounts Receivable Period Increase Decrease AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease	8000	USD
CY2017Q1	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	342000	USD
CY2018Q1	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	256000	USD
CY2017Q1	us-gaap	Asset Impairment Charges AssetImpairmentCharges	28000	USD
CY2018Q1	us-gaap	Asset Impairment Charges AssetImpairmentCharges	616000	USD
CY2017Q4	us-gaap	Assets Assets	340869000	USD
CY2018Q1	us-gaap	Assets Assets	361591000	USD
CY2017Q4	us-gaap	Assets Current AssetsCurrent	23575000	USD
CY2018Q1	us-gaap	Assets Current AssetsCurrent	25071000	USD
CY2017Q4	us-gaap	Assets Fair Value Disclosure AssetsFairValueDisclosure	68000	USD
CY2018Q1	us-gaap	Assets Fair Value Disclosure AssetsFairValueDisclosure	197000	USD
CY2017Q4	us-gaap	Assets Held For Sale Not Part Of Disposal Group AssetsHeldForSaleNotPartOfDisposalGroup	0	USD
CY2018Q1	us-gaap	Assets Held For Sale Not Part Of Disposal Group AssetsHeldForSaleNotPartOfDisposalGroup	1536000	USD
CY2017Q4	us-gaap	Billed Contract Receivables BilledContractReceivables	8500000	USD
CY2018Q1	us-gaap	Billed Contract Receivables BilledContractReceivables	8400000	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
CY2017Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	2469000	USD
CY2018Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	2081000	USD
CY2017Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-497000	USD
CY2018Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-388000	USD
CY2017Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2018Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2017Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	40158342	shares
CY2018Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	40321442	shares
CY2017Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	40158342	shares
CY2018Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	40321442	shares
CY2017Q4	us-gaap	Contract With Customer Asset Net Current ContractWithCustomerAssetNetCurrent	0	USD
CY2018Q1	us-gaap	Contract With Customer Asset Net Current ContractWithCustomerAssetNetCurrent	100000	USD
CY2017Q4	us-gaap	Contract With Customer Liability Noncurrent ContractWithCustomerLiabilityNoncurrent	3700000	USD
CY2018Q1	us-gaap	Contract With Customer Liability Noncurrent ContractWithCustomerLiabilityNoncurrent	5500000	USD
CY2018Q1	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	1500000	USD
CY2018Q1	us-gaap	Contract With Customer Performance Obligation Satisfied In Previous Period ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod	0	USD
CY2017Q1	us-gaap	Cost Of Purchased Oil And Gas CostOfPurchasedOilAndGas	3139000	USD
CY2018Q1	us-gaap	Cost Of Purchased Oil And Gas CostOfPurchasedOilAndGas	2637000	USD
CY2017Q4	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	2393000	USD
CY2018Q1	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	3028000	USD
CY2018Q1	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	469000	USD
CY2018Q1	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet	5000	USD
CY2017Q4	us-gaap	Deferred Finance Costs Noncurrent Net DeferredFinanceCostsNoncurrentNet	4442000	USD
CY2018Q1	us-gaap	Deferred Finance Costs Noncurrent Net DeferredFinanceCostsNoncurrentNet	4186000	USD
CY2018Q1	us-gaap	Deferred Revenue Additions DeferredRevenueAdditions	3300000	USD
CY2018Q1	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	5000	USD
CY2018Q1	us-gaap	Deferred Tax Assets Property Plant And Equipment DeferredTaxAssetsPropertyPlantAndEquipment	464000	USD
CY2018Q1	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	464000	USD
CY2017Q1	us-gaap	Depreciation Depreciation	7700000	USD
CY2018Q1	us-gaap	Depreciation Depreciation	7000000	USD
CY2017Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	8066000	USD
CY2018Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	7367000	USD
CY2017Q4	us-gaap	Derivative Fair Value Of Derivative Asset DerivativeFairValueOfDerivativeAsset	68000	USD
CY2018Q1	us-gaap	Derivative Fair Value Of Derivative Asset DerivativeFairValueOfDerivativeAsset	197000	USD
CY2017Q4	us-gaap	Derivative Fair Value Of Derivative Liability DerivativeFairValueOfDerivativeLiability	225000	USD
CY2018Q1	us-gaap	Derivative Fair Value Of Derivative Liability DerivativeFairValueOfDerivativeLiability	0	USD
CY2017Q4	us-gaap	Due From Related Parties Current DueFromRelatedPartiesCurrent	3070000	USD
CY2018Q1	us-gaap	Due From Related Parties Current DueFromRelatedPartiesCurrent	2110000	USD
CY2017Q4	us-gaap	Due To Related Parties Noncurrent DueToRelatedPartiesNoncurrent	1052000	USD
CY2018Q1	us-gaap	Due To Related Parties Noncurrent DueToRelatedPartiesNoncurrent	996000	USD
CY2017Q4	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	6119000	USD
CY2018Q1	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	2796000	USD
CY2017Q1	us-gaap	Employee Stock Ownership Plan Esop Compensation Expense EmployeeStockOwnershipPlanESOPCompensationExpense	100000	USD
CY2018Q1	us-gaap	Employee Stock Ownership Plan Esop Compensation Expense EmployeeStockOwnershipPlanESOPCompensationExpense	100000	USD
CY2018Q1	us-gaap	Employee Stock Ownership Plan Esop Shares In Esop EmployeeStockOwnershipPlanESOPSharesInESOP	1000000	shares
CY2017Q1	us-gaap	Equity Method Investment Realized Gain Loss On Disposal EquityMethodInvestmentRealizedGainLossOnDisposal	0	USD
CY2018Q1	us-gaap	Equity Method Investment Realized Gain Loss On Disposal EquityMethodInvestmentRealizedGainLossOnDisposal	2225000	USD
CY2017Q1	us-gaap	Gain Loss On Sale Of Other Assets GainLossOnSaleOfOtherAssets	-125000	USD
CY2018Q1	us-gaap	Gain Loss On Sale Of Other Assets GainLossOnSaleOfOtherAssets	-236000	USD
CY2017Q1	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	-125000	USD
CY2018Q1	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	-236000	USD
CY2017Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	4585000	USD
CY2018Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	4221000	USD
CY2017Q4	us-gaap	General Partners Capital Account GeneralPartnersCapitalAccount	-703597000	USD
CY2018Q1	us-gaap	General Partners Capital Account GeneralPartnersCapitalAccount	-703539000	USD
CY2017Q4	us-gaap	General Partners Capital Account Units Outstanding GeneralPartnersCapitalAccountUnitsOutstanding	1225409	shares
CY2018Q1	us-gaap	General Partners Capital Account Units Outstanding GeneralPartnersCapitalAccountUnitsOutstanding	1225409	shares
CY2017Q4	us-gaap	Goodwill Goodwill	3870000	USD
CY2018Q1	us-gaap	Goodwill Goodwill	6728000	USD
CY2017Q1	us-gaap	Impairment Of Intangible Assets Finitelived ImpairmentOfIntangibleAssetsFinitelived	0	USD
CY2018Q1	us-gaap	Impairment Of Intangible Assets Finitelived ImpairmentOfIntangibleAssetsFinitelived	189000	USD
CY2017Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	3588000	USD
CY2018Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	4471000	USD
CY2017Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	61000	USD
CY2018Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	0	USD
CY2017Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	46000	USD
CY2017Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	3806000	USD
CY2018Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	2811000	USD
CY2017Q1	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	794000	USD
CY2018Q1	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	637000	USD
CY2018Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	29000	USD
CY2017Q1	us-gaap	Increase Decrease In Accounts Payable Related Parties IncreaseDecreaseInAccountsPayableRelatedParties	227000	USD
CY2018Q1	us-gaap	Increase Decrease In Accounts Payable Related Parties IncreaseDecreaseInAccountsPayableRelatedParties	625000	USD
CY2017Q1	us-gaap	Increase Decrease In Accounts Payable Trade IncreaseDecreaseInAccountsPayableTrade	-86000	USD
CY2018Q1	us-gaap	Increase Decrease In Accounts Payable Trade IncreaseDecreaseInAccountsPayableTrade	-154000	USD
CY2017Q1	us-gaap	Increase Decrease In Due From Related Parties Current IncreaseDecreaseInDueFromRelatedPartiesCurrent	-303000	USD
CY2018Q1	us-gaap	Increase Decrease In Due From Related Parties Current IncreaseDecreaseInDueFromRelatedPartiesCurrent	-960000	USD
CY2017Q1	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	-3372000	USD
CY2018Q1	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	-3323000	USD
CY2017Q1	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	-117000	USD
CY2018Q1	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	24000	USD
CY2017Q1	us-gaap	Increase Decrease In Other Accrued Liabilities IncreaseDecreaseInOtherAccruedLiabilities	-443000	USD
CY2018Q1	us-gaap	Increase Decrease In Other Accrued Liabilities IncreaseDecreaseInOtherAccruedLiabilities	-419000	USD
CY2017Q1	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	610000	USD
CY2018Q1	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	345000	USD
CY2017Q1	us-gaap	Increase Decrease In Other Noncurrent Assets IncreaseDecreaseInOtherNoncurrentAssets	-3000	USD
CY2018Q1	us-gaap	Increase Decrease In Other Noncurrent Assets IncreaseDecreaseInOtherNoncurrentAssets	-41000	USD
CY2017Q1	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	-441000	USD
CY2018Q1	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	-744000	USD
CY2017Q1	us-gaap	Increase Decrease In Property And Other Taxes Payable IncreaseDecreaseInPropertyAndOtherTaxesPayable	-695000	USD
CY2018Q1	us-gaap	Increase Decrease In Property And Other Taxes Payable IncreaseDecreaseInPropertyAndOtherTaxesPayable	-80000	USD
CY2017Q1	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	2000	USD
CY2018Q1	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	28000	USD
CY2017Q1	us-gaap	Interest Expense InterestExpense	3030000	USD
CY2018Q1	us-gaap	Interest Expense InterestExpense	3569000	USD
CY2017Q1	us-gaap	Interest Expense Long Term Debt InterestExpenseLongTermDebt	3300000	USD
CY2018Q1	us-gaap	Interest Expense Long Term Debt InterestExpenseLongTermDebt	3900000	USD
CY2017Q1	us-gaap	Interest Expense Other InterestExpenseOther	500000	USD
CY2018Q1	us-gaap	Interest Expense Other InterestExpenseOther	100000	USD
CY2017Q4	us-gaap	Interest Payable Current InterestPayableCurrent	694000	USD
CY2018Q1	us-gaap	Interest Payable Current InterestPayableCurrent	718000	USD
CY2017Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	340869000	USD
CY2018Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	361591000	USD
CY2017Q1	us-gaap	Liabilities Assumed1 LiabilitiesAssumed1	750000	USD
CY2018Q1	us-gaap	Liabilities Assumed1 LiabilitiesAssumed1	720000	USD
CY2017Q4	us-gaap	Liabilities Current LiabilitiesCurrent	23643000	USD
CY2018Q1	us-gaap	Liabilities Current LiabilitiesCurrent	25506000	USD
CY2017Q4	us-gaap	Liabilities Fair Value Disclosure LiabilitiesFairValueDisclosure	225000	USD
CY2017Q4	us-gaap	Limited Partners Capital Account LimitedPartnersCapitalAccount	454358000	USD
CY2018Q1	us-gaap	Limited Partners Capital Account LimitedPartnersCapitalAccount	446471000	USD
CY2017Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	307592000	USD
CY2018Q1	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	334592000	USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-6844000	USD
CY2018Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	13942000	USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-1202000	USD
CY2018Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-24271000	USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	7549000	USD
CY2018Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	9941000	USD
CY2017Q1	us-gaap	Net Income Loss NetIncomeLoss	3542000	USD
CY2018Q1	us-gaap	Net Income Loss NetIncomeLoss	4442000	USD
CY2017Q1	us-gaap	Net Income Loss Allocated To General Partners NetIncomeLossAllocatedToGeneralPartners	209000	USD
CY2018Q1	us-gaap	Net Income Loss Allocated To General Partners NetIncomeLossAllocatedToGeneralPartners	231000	USD
CY2017Q1	us-gaap	Net Income Loss Allocated To Limited Partners NetIncomeLossAllocatedToLimitedPartners	-2946000	USD
CY2018Q1	us-gaap	Net Income Loss Allocated To Limited Partners NetIncomeLossAllocatedToLimitedPartners	-2067000	USD
CY2017Q1	us-gaap	Net Income Loss Per Outstanding Limited Partnership And General Partnership Unit Basic And Diluted NetIncomeLossPerOutstandingLimitedPartnershipAndGeneralPartnershipUnitBasicAndDiluted	-0.08
CY2018Q1	us-gaap	Net Income Loss Per Outstanding Limited Partnership And General Partnership Unit Basic And Diluted NetIncomeLossPerOutstandingLimitedPartnershipAndGeneralPartnershipUnitBasicAndDiluted	-0.05
CY2017Q1	us-gaap	Noncontrolling Interest In Net Income Loss Preferred Unit Holders Redeemable NoncontrollingInterestInNetIncomeLossPreferredUnitHoldersRedeemable	6279000	USD
CY2018Q1	us-gaap	Noncontrolling Interest In Net Income Loss Preferred Unit Holders Redeemable NoncontrollingInterestInNetIncomeLossPreferredUnitHoldersRedeemable	6278000	USD
CY2018Q1	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	4	Operating-segments
CY2018Q1	us-gaap	Number Of States In Which Entity Operates NumberOfStatesInWhichEntityOperates	27	States
CY2017Q1	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	31906000	USD
CY2018Q1	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	31135000	USD
CY2017Q1	us-gaap	Operating Expenses OperatingExpenses	39658000	USD
CY2018Q1	us-gaap	Operating Expenses OperatingExpenses	38609000	USD
CY2017Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	6557000	USD
CY2018Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	5815000	USD
CY2017Q1	us-gaap	Operating Leases Income Statement Lease Revenue OperatingLeasesIncomeStatementLeaseRevenue	0	USD
CY2018Q1	us-gaap	Operating Leases Income Statement Lease Revenue OperatingLeasesIncomeStatementLeaseRevenue	9804000	USD
CY2017Q4	us-gaap	Other Assets Current OtherAssetsCurrent	8438000	USD
CY2018Q1	us-gaap	Other Assets Current OtherAssetsCurrent	8503000	USD
CY2017Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	12913000	USD
CY2018Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	19654000	USD
CY2017Q4	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	4747000	USD
CY2018Q1	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	4335000	USD
CY2017Q4	us-gaap	Other Long Term Debt Noncurrent OtherLongTermDebtNoncurrent	3673000	USD
CY2018Q1	us-gaap	Other Long Term Debt Noncurrent OtherLongTermDebtNoncurrent	3642000	USD
CY2017Q4	us-gaap	Partners Capital PartnersCapital	4684000	USD
CY2018Q1	us-gaap	Partners Capital PartnersCapital	-3145000	USD
CY2018Q1	us-gaap	Partners Capital Account Distributions PartnersCapitalAccountDistributions	12587000	USD
CY2018Q1	us-gaap	Partners Capital Account Unit Based Compensation PartnersCapitalAccountUnitBasedCompensation	41000	USD
CY2018Q1	us-gaap	Partners Capital Account Units Unitbased Compensation PartnersCapitalAccountUnitsUnitbasedCompensation	21246	shares
CY2017Q1	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	7000	USD
CY2018Q1	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	0	USD
CY2017Q1	us-gaap	Payments Of Distributions To Affiliates PaymentsOfDistributionsToAffiliates	12252000	USD
CY2018Q1	us-gaap	Payments Of Distributions To Affiliates PaymentsOfDistributionsToAffiliates	12587000	USD
CY2017Q1	us-gaap	Payments To Acquire Businesses Gross PaymentsToAcquireBusinessesGross	0	USD
CY2018Q1	us-gaap	Payments To Acquire Businesses Gross PaymentsToAcquireBusinessesGross	21959000	USD
CY2017Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	4052000	USD
CY2018Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	4563000	USD
CY2017Q4	us-gaap	Preferred Units Issued PreferredUnitsIssued	35125202	shares
CY2018Q1	us-gaap	Preferred Units Issued PreferredUnitsIssued	35125202	shares
CY2017Q4	us-gaap	Preferred Units Outstanding PreferredUnitsOutstanding	35125202	shares
CY2018Q1	us-gaap	Preferred Units Outstanding PreferredUnitsOutstanding	35125202	shares
CY2017Q4	us-gaap	Preferred Units Preferred Partners Capital Accounts PreferredUnitsPreferredPartnersCapitalAccounts	253923000	USD
CY2018Q1	us-gaap	Preferred Units Preferred Partners Capital Accounts PreferredUnitsPreferredPartnersCapitalAccounts	253923000	USD
CY2017Q4	us-gaap	Prepaid Insurance PrepaidInsurance	2009000	USD
CY2018Q1	us-gaap	Prepaid Insurance PrepaidInsurance	1985000	USD
CY2018Q1	us-gaap	Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans	92000	USD
CY2017Q1	us-gaap	Proceeds From Issuance Or Sale Of Equity ProceedsFromIssuanceOrSaleOfEquity	84000	USD
CY2018Q1	us-gaap	Proceeds From Issuance Or Sale Of Equity ProceedsFromIssuanceOrSaleOfEquity	92000	USD
CY2017Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	25000000	USD
CY2018Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	54000000	USD
CY2017Q1	us-gaap	Proceeds From Partnership Contribution ProceedsFromPartnershipContribution	104000	USD
CY2018Q1	us-gaap	Proceeds From Partnership Contribution ProceedsFromPartnershipContribution	183000	USD
CY2017Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-773000	USD
CY2018Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-746000	USD
CY2017Q1	us-gaap	Proceeds From Sale Of Equity Method Investments ProceedsFromSaleOfEquityMethodInvestments	0	USD
CY2018Q1	us-gaap	Proceeds From Sale Of Equity Method Investments ProceedsFromSaleOfEquityMethodInvestments	2225000	USD
CY2017Q1	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	2850000	USD
CY2018Q1	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	26000	USD
CY2017Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	612660000	USD
CY2018Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	623636000	USD
CY2017Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	296069000	USD
CY2018Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	304416000	USD
CY2017Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	19000000	USD
CY2018Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	27000000	USD
CY2018Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	27153000	USD
CY2018Q1	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	163759000	USD
CY2018Q1	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	35270000	USD
CY2018Q1	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	63229000	USD
CY2018Q1	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	48079000	USD
CY2018Q1	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	17181000	USD
CY2017Q1	us-gaap	Revenues Revenues	46340000	USD
CY2018Q1	us-gaap	Revenues Revenues	44660000	USD
CY2017Q1	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	4035000	USD
CY2018Q1	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	3514000	USD
CY2017Q1	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	28663000	USD
CY2018Q1	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	17318000	USD
CY2017Q1	us-gaap	Share Based Compensation ShareBasedCompensation	-125000	USD
CY2018Q1	us-gaap	Share Based Compensation ShareBasedCompensation	41000	USD
CY2017Q1	us-gaap	Tangible Asset Impairment Charges TangibleAssetImpairmentCharges	28000	USD
CY2018Q1	us-gaap	Tangible Asset Impairment Charges TangibleAssetImpairmentCharges	427000	USD
CY2017Q1	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	752000	USD
CY2018Q1	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	354000	USD
CY2017Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	38146000	shares
CY2018Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	40289000	shares
CY2017Q2	us-gaap	Write Off Of Deferred Debt Issuance Cost WriteOffOfDeferredDebtIssuanceCost	700000	USD
CY2018Q1	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:24px;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;">2017</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;">2018</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;">2018</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;">2017</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;">2018</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, 2018</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 </font><font style="font-family:inherit;font-size:10pt;">2017</font><font style="font-family:inherit;font-size:10pt;"> 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 </font><font style="font-family:inherit;font-size:10pt;">December 31, 2017</font><font style="font-family:inherit;font-size:10pt;">, 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 8, 2018</font><font style="font-family:inherit;font-size:10pt;"> (the “</font><font style="font-family:inherit;font-size:10pt;">2017</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="#s614D6734C42C5B0EAD30EC5C3CA463EE"><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;">2017</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:24px;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 had significant influence but not control, was accounted for by the equity method. The Partnership did 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 increased or decreased, as applicable, the carrying value of the Partnership’s “Investment in unconsolidated affiliate” on the unaudited condensed consolidated balance sheets. Distributions to the Partnership reduced the carrying value of its investment and, to the extent received, were reflected in the Partnership’s unaudited condensed consolidated statements of cash flows in the line item “Distributions from unconsolidated affiliate.” Contributions increased the carrying value of the Partnership’s investment and were 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;">5</font><font style="font-family:inherit;font-size:10pt;"> for additional information.</font></div></div>

Files In Submission

Name	View Source	Status
0001392091-18-000047-index-headers.html	Edgar Link	pending
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0001392091-18-000047.txt	Edgar Link	pending
0001392091-18-000047-xbrl.zip	Edgar Link	pending
bkep-03x31x18x10q.htm	Edgar Link	pending
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bkep-20180331_pre.xml	Edgar Link	unprocessable
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Financial_Report.xlsx	Edgar Link	pending
q12018exhibit311.htm	Edgar Link	pending
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Blueknight Energy Partners, L.P.

2018 Q2 Form 10-Q Financial Statement

#000139209118000047 Filed on May 10, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission