Blueknight Energy Partners, L.P.

NasdaqGM:BKEP Stock Report

Market Cap: US$199.7m

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Blueknight Energy Partners Management

Management criteria checks 3/4

Key information

Andy Woodward

Chief executive officer

US$1.5m

Total compensation

CEO salary percentage27.22%
CEO tenure2.2yrs
CEO ownership0.3%
Management average tenure3.3yrs
Board average tenure5.8yrs

Recent management updates

Recent updates

Seeking Alpha Aug 03

Blueknight Energy Partners GAAP EPS of $0.02, revenue of $27.76M

Blueknight Energy Partners press release (NASDAQ:BKEP): Q2 GAAP EPS of $0.02. Revenue of $27.76M.
Seeking Alpha Jul 26

Blueknight Energy Partners declares $0.0425 dividend

Blueknight Energy Partners (NASDAQ:BKEP) declared $0.0425/share quarterly dividend, in line with previous. Forward yield 3.7% Payable Aug. 12; for shareholders of record Aug. 5; ex-div Aug. 4. See BKEP Dividend Scorecard, Yield Chart, & Dividend Growth.
Seeking Alpha 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.

CEO Compensation Analysis

How has Andy Woodward's remuneration changed compared to Blueknight Energy Partners's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2022n/an/a

US$9m

Mar 31 2022n/an/a

US$10m

Dec 31 2021US$2mUS$409k

US$8m

Sep 30 2021n/an/a

US$8m

Jun 30 2021n/an/a

US$5m

Mar 31 2021n/an/a

US$3m

Dec 31 2020US$1mUS$379k

US$4m

Sep 30 2020n/an/a

US$3m

Jun 30 2020n/an/a

US$463k

Mar 31 2020n/an/a

-US$2m

Dec 31 2019US$787kUS$239k

-US$3m

Compensation vs Market: Andy's total compensation ($USD1.50M) is about average for companies of similar size in the US market ($USD1.67M).

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


CEO

Andy Woodward (39 yo)

2.2yrs
Tenure
US$1,502,845
Compensation

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...


Leadership Team

NamePositionTenureCompensationOwnership
D. Woodward
Chief Executive Officer of Blueknight Energy Partners G.P.2.2yrsUS$1.50m0.25%
$ 501.9k
Jeffery Speer
Chief Operating Officer of Blueknight Energy Partners G.P.9.1yrsUS$823.85k0.36%
$ 709.6k
Joel Kanvik
Chief Legal Officer & Secretary of Blueknight Energy Partners G.P.5.8yrsUS$709.61k0.13%
$ 266.5k
Matthew Lewis
Chief Financial Officer of Blueknight Energy Partners G.P.1.9yrsno data0.012%
$ 24.4k
Michael McLanahan
Chief Accounting Officer of Blueknight Energy Partners G.P.3.3yrsno data0.045%
$ 89.0k
3.3yrs
Average Tenure
39yo
Average Age

Experienced Management: BKEP's management team is considered experienced (3.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Duke Ligon
Independent Chairman of Blueknight Energy Partners G.P.13.8yrsUS$184.04k0.23%
$ 449.9k
John Shapiro
Independent Director of Blueknight Energy Partners G.P.12.8yrsUS$174.03k0.16%
$ 323.7k
Steven Bradshaw
Independent Director of Blueknight Energy Partners G.P.12.8yrsUS$174.03k0.18%
$ 350.3k
William Lampton
Director of Blueknight Energy Partners G.P.5.8yrsno datano data
Robert Lampton
Director of Blueknight Energy Partners G.P.5.8yrsno datano data
Edward Brooks
Director of Blueknight Energy Partners G.P.5.8yrsno datano data
Wiley Adams
Director of Blueknight Energy Partners G.P.4.5yrsno data0.12%
$ 238.3k
Joel Pastorek
Director of Blueknight Energy Partners G.P.4yrsno datano data
5.8yrs
Average Tenure
63.5yo
Average Age

Experienced Board: BKEP's board of directors are considered experienced (5.8 years average tenure).


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2022/08/18 11:36
End of Day Share Price 2022/08/17 00:00
Earnings2022/06/30
Annual Earnings2021/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Blueknight Energy Partners, L.P. is covered by 9 analysts. of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Richard GrossBarclays
Gabriel MoreenBofA Global Research
Michael GyureBrean Capital Historical (Janney Montgomery)