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Blueknight Energy Partners NasdaqGM:BKEP Stock Report

Last Price


Market Cap







28 Jun, 2022


Company Financials
BKEP fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance5/6
Financial Health3/6

BKEP Stock Overview

Blueknight Energy Partners, L.P. provides integrated terminalling services for companies engaged in the production, distribution, and handling of liquid asphalt in the United States.

Blueknight Energy Partners Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Blueknight Energy Partners
Historical stock prices
Current Share PriceUS$4.53
52 Week HighUS$4.60
52 Week LowUS$3.00
1 Month Change0%
3 Month Change36.45%
1 Year Change19.21%
3 Year Change287.18%
5 Year Change-26.94%
Change since IPO-84.55%

Recent News & Updates

Apr 28

Blueknight Energy Partners Is Being Acquired By Ergon

Ergon is making a cash offer of $4.65 per common unit and $8.75 per Series A Preferred Unit. This appears to be a fair valuation based on Blueknight's expected 2022 adjusted EBITDA. Previous offers appeared to undervalue the common units. Support from only 28% of non-Ergon units is needed for the transaction to be approved. The closing date is expected to be in mid-2022 with an outside date of October 21.

Shareholder Returns

BKEPUS Oil and GasUS Market

Return vs Industry: BKEP underperformed the US Oil and Gas industry which returned 34.2% over the past year.

Return vs Market: BKEP exceeded the US Market which returned -18.8% over the past year.

Price Volatility

Is BKEP's price volatile compared to industry and market?
BKEP volatility
BKEP Average Weekly Movement11.0%
Oil and Gas Industry Average Movement8.8%
Market Average Movement8.0%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.2%

Stable Share Price: BKEP is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: BKEP's weekly volatility (11%) has been stable over the past year.

About the Company

2007130Andy Woodward

Blueknight Energy Partners, L.P. provides integrated terminalling services for companies engaged in the production, distribution, and handling of liquid asphalt in the United States. As of March 1, 2022, it had 54 terminals located in 26 states. Blueknight Energy Partners G.P., L.L.C. operates as a general partner of Blueknight Energy Partners, L.P.

Blueknight Energy Partners Fundamentals Summary

How do Blueknight Energy Partners's earnings and revenue compare to its market cap?
BKEP fundamental statistics
Market CapUS$195.29m
Earnings (TTM)US$10.10m
Revenue (TTM)US$116.80m


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BKEP income statement (TTM)
Cost of RevenueUS$63.86m
Gross ProfitUS$52.95m
Other ExpensesUS$42.85m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date


Earnings per share (EPS)0.24
Gross Margin45.33%
Net Profit Margin8.65%
Debt/Equity Ratio1,939.0%

How did BKEP perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio
We’ve recently updated our valuation analysis.


Is BKEP undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score


Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BKEP?

Other financial metrics that can be useful for relative valuation.

BKEP key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Earnings Ratio vs Peers

How does BKEP's PE Ratio compare to its peers?

BKEP PE Ratio vs Peers
The above table shows the PE ratio for BKEP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average8.8x
USDP USD Partners
GPP Green Plains Partners
MMLP Martin Midstream Partners
DLNG Dynagas LNG Partners
BKEP Blueknight Energy Partners

Price-To-Earnings vs Peers: BKEP is expensive based on its Price-To-Earnings Ratio (18.8x) compared to the peer average (8.8x).

Price to Earnings Ratio vs Industry

How does BKEP's PE Ratio compare vs other companies in the US Oil and Gas Industry?

Price-To-Earnings vs Industry: BKEP is expensive based on its Price-To-Earnings Ratio (18.8x) compared to the US Oil and Gas industry average (11.9x)

Price to Earnings Ratio vs Fair Ratio

What is BKEP's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BKEP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.8x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate BKEP's Price-To-Earnings Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of BKEP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BKEP ($4.53) is trading below our estimate of fair value ($7.03)

Significantly Below Fair Value: BKEP is trading below fair value by more than 20%.

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BKEP's PEG Ratio to determine if it is good value.

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Future Growth

How is Blueknight Energy Partners forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score


Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted Energy industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Blueknight Energy Partners has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

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Past Performance

How has Blueknight Energy Partners performed over the past 5 years?

Past Performance Score


Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BKEP has high quality earnings.

Growing Profit Margin: BKEP's current net profit margins (8.6%) are higher than last year (2.7%).

Past Earnings Growth Analysis

Earnings Trend: BKEP has become profitable over the past 5 years, growing earnings by 36.4% per year.

Accelerating Growth: BKEP's earnings growth over the past year (234.1%) exceeds its 5-year average (36.4% per year).

Earnings vs Industry: BKEP earnings growth over the past year (234.1%) exceeded the Oil and Gas industry 98.5%.

Return on Equity

High ROE: Whilst BKEP's Return on Equity (595.13%) is outstanding, this metric is skewed due to their high level of debt.

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Financial Health

How is Blueknight Energy Partners's financial position?

Financial Health Score


Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: BKEP's short term assets ($12.4M) do not cover its short term liabilities ($18.2M).

Long Term Liabilities: BKEP's short term assets ($12.4M) do not cover its long term liabilities ($126.0M).

Debt to Equity History and Analysis

Debt Level: BKEP's net debt to equity ratio (1921.2%) is considered high.

Reducing Debt: BKEP's debt to equity ratio has reduced from 1961.4% to 1939% over the past 5 years.

Debt Coverage: BKEP's debt is well covered by operating cash flow (39.1%).

Interest Coverage: BKEP's interest payments on its debt are well covered by EBIT (8.4x coverage).

Balance Sheet

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What is Blueknight Energy Partners's current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: BKEP's dividend (3.75%) is higher than the bottom 25% of dividend payers in the US market (1.57%).

High Dividend: BKEP's dividend (3.75%) is low compared to the top 25% of dividend payers in the US market (4.25%).

Stability and Growth of Payments

Stable Dividend: BKEP's dividend payments have been volatile in the past 10 years.

Growing Dividend: BKEP's dividend payments have fallen over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (67.9%), BKEP's dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (25.3%), BKEP's dividend payments are well covered by cash flows.

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How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Andy Woodward (38 yo)





Mr. D. Andrew Woodward, also known as Andy, serves as Chief Executive Officer of Blueknight Energy Partners G.P., L.L.C. at Blueknight Energy Partners, L.P. since June 22, 2020. He served as Interim Chief...

CEO Compensation Analysis

Compensation vs Market: Andy's total compensation ($USD1.50M) is about average for companies of similar size in the US market ($USD1.75M).

Compensation vs Earnings: Andy's compensation has increased by more than 20% in the past year.

Leadership Team

Experienced Management: BKEP's management team is considered experienced (3.2 years average tenure).

Board Members

Experienced Board: BKEP's board of directors are considered experienced (5.7 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

Blueknight Energy Partners, L.P.'s employee growth, exchange listings and data sources

Key Information

  • Name: Blueknight Energy Partners, L.P.
  • Ticker: BKEP
  • Exchange: NasdaqGM
  • Founded: 2007
  • Industry: Oil and Gas Storage and Transportation
  • Sector: Energy
  • Implied Market Cap: US$195.287m
  • Market Cap: US$189.749m
  • Shares outstanding: 43.11m
  • Website:

Number of Employees


  • Blueknight Energy Partners, L.P.
  • 6060 American Plaza
  • Suite 600
  • Tulsa
  • Oklahoma
  • 74135
  • United States


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/28 00:00
End of Day Share Price2022/06/28 00:00
Annual Earnings2021/12/31

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.