Blueknight Declares Quarterly Distributions and Announces Timing of Second Quarter 2022 Results
July 26 2022 - 3:15PM
Blueknight Energy Partners, L.P. (“Blueknight” or the
“Partnership”) (Nasdaq: BKEP and BKEPP), announced today that the
board of directors of its general partner has declared a
quarterly cash distribution of $0.0425 per common unit, as
well as a cash distribution of $0.17875 per
preferred unit for the quarter ended June 30, 2022.
The second quarter 2022 distributions for both the common and
preferred units remain unchanged from those paid for the first
quarter 2022. The distributions are payable on August 12, 2022, on
all outstanding common and preferred units to unitholders of record
as of the close of business on August 5, 2022.
Additionally, Blueknight plans to release second quarter 2022
financial results after market close on August 3, 2022.
Supplemental information regarding the Partnership’s results of
operations will be provided in Blueknight’s Quarterly Report on
Form 10-Q for the period ended June 30, 2022, to be filed with the
Securities and Exchange Commission on August 4, 2022.
Forward-Looking Statements and Treasury Regulation
Notice
This release may include forward-looking statements. Statements
included in this release that are not historical facts are
forward-looking statements. Such forward-looking statements are
subject to various risks and uncertainties. These risks and
uncertainties include, among other things, uncertainties relating
to the Partnership’s future cash flows and operations, the
Partnership’s ability to pay future distributions, future market
conditions, current and future governmental regulation, future
taxation and other factors discussed in the Partnership’s filings
with the Securities and Exchange Commission. If any of these risks
or uncertainties materializes, or should underlying assumptions
prove incorrect, actual results or outcomes may vary materially
from those expected. The Partnership undertakes no obligation to
publicly update or revise any forward-looking statement, whether as
a result of new information, future events or otherwise.
This release is intended to be a qualified notice under Treasury
Regulation Section 1.1446-4(b) (4) and (d). Brokers and nominees
should treat one hundred percent (100.0%) of Blueknight’s
distributions to foreign investors as being attributable to income
that is effectively connected with a United States trade or
business. Accordingly, Blueknight’s distributions to foreign
investors are subject to federal income tax withholding at the
highest applicable effective tax rate. Nominees, and not
Blueknight, are treated as withholding agents responsible for
withholding on the distributions received by them on behalf of
foreign investors.
About Blueknight
Blueknight (Nasdaq: BKEP and BKEPP) is a publicly traded master
limited partnership that owns the largest independent asphalt
terminalling network in the country. Operations include 9.0 million
barrels of liquid asphalt storage capacity across 54 terminals and
26 states throughout the U.S. Blueknight is focused on providing
integrated terminalling solutions for tomorrow’s infrastructure and
transportation end markets. More information is available at
www.bkep.com.
Investor Relations Contact:
Matthew Lewis, Chief Financial Officer
(918) 237-4032
investor@bkep.com
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