BlueKnight Energy Partners (BKEP) Update - Jan 27

[dan_s]

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 on the Partnership’s common units of $0.04 per common unit, as well as a cash distribution of $0.17875 per unit on the Partnership’s preferred units for the quarter ended December 31, 2020. The fourth quarter 2020 distributions for both the common and preferred units remain unchanged from those paid for the third quarter of 2020. The distributions are payable on February 12, 2021, on all outstanding common and preferred units to unitholders of record as of the close of business on February 5, 2021.

Based on my forecast model, BKEP should raise their distributions on the common units in 2H 2021.