With nearly 7 million barrels of crude oil storage capacity at the Cushing hub, Oklahoma City-based Blueknight Energy Partners, L.P. announced a third quarter dividend of 8 cents a unit.
The company’s board of directors of its general partner declared the quarterly cash distribution on the Partnership’s common units and 18 cents per unit on the Partnership’s preferred units.
The distributions for both are unchanged from those paid for the second quarter of 2018. The distributions are payable on Nov. 14, 2018 on all outstanding common and preferred units to unitholders of record as of the close of business Nov. 2, 2018.
Blueknight Energy Partners has 8.8 million barrels of liquid asphalt storage at 53 terminals in 26 states, 6.9 million barrels of above-ground crude oil storage capacity in Oklahoma including 6.6 million located at the Cushing Interchange and 655 miles of crude oil pipeline in Oklahoma and Texas.