Blueknight Energy Partners, L.P.

CIK:0001392091|SEC Filings

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Total revenue	$ 29,510	$ 27,759	$ 57,970	$ 54,834
Costs and expenses:
Operating expense	18,301	16,083	35,877	31,963
General and administrative expense	3,558	2,972	6,929	6,954
Loss on disposal of assets	223	0	247	0
Total costs and expenses	22,082	19,055	43,053	38,917
Operating income	7,428	8,704	14,917	15,917
Other income (expenses):
Other income	91	109	218	342
Interest expense	(1,164)	(1,695)	(2,128)	(3,028)
Income before income taxes	6,355	7,118	13,007	13,231
Provision for income taxes	10	10	20	20
Income from continuing operations	6,345	7,108	12,987	13,211
Income from discontinued operations, net	0	175	0	75,725
Net income	6,345	7,283	12,987	88,936
Allocation of net income for calculation of earnings per unit:
General partner interest in net income	101	116	206	1,408
Preferred interest in net income	6,150	6,156	12,300	12,497
Net income available to limited partners	$ 94	$ 1,011	$ 481	$ 75,031
Basic and diluted net income from discontinued operations per common unit (in dollars per share)	$ 0	$ 0	$ 0	$ 1.74
Basic and diluted net income from continuing operations per common unit (in dollars per share)	0.00	0.02	0.01	0.01
Basic and diluted net income per common unit (in dollars per share)	$ 0.00	$ 0.02	$ 0.01	$ 1.75
Weighted average common units outstanding - basic and diluted (in shares)	41,872	41,468	41,845	41,449
Third Party [Member]
Revenue from contracts	$ 8,551	$ 7,312	$ 16,157	$ 14,231
Lease revenue	8,615	8,401	17,102	16,704
Related Party [Member]
Revenue from contracts	5,097	5,035	10,218	9,884
Lease revenue	7,247	7,011	14,493	14,015
Service [Member] \| Third Party [Member]
Revenue from contracts	8,551	7,312	16,157	14,231
Service [Member] \| Related Party [Member]
Revenue from contracts	$ 5,097	$ 5,035	$ 10,218	$ 9,884