Blueknight Energy to Release Earnings Report May 10

Oklahoma City-based Blueknight Energy Partners, L.P. plans to release its first quarter 2018 earnings report next week.

The official release will be Thursday, May 10 before the market opens.

A conference call will be held later in the day at 1 p.m. CDT.

The company reported net income of $0.4 million for the fourth quarter of 2017 compared to $2 million a year earlier. Operating income for the quarter totaled $3.6 million, compared to $3.4 million for the same period in 2016.

Net income for all of 2017 came to $20 million compared to a net loss of $4.8 million for 2016.

The company has 10.4 million barrels of liquid asphalt storage at 56 terminals in 26 states. It also has 6.9 million in above-ground crude oil storage capacity, most of it at the Cushing Interchange terminalling facility. In addition, Blueknight has 655 miles of crude oil pipeline in Oklahoma and Texas.