Blueknight Energy Partners LP has announced 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.
It has also declared a cash distribution of $0.17875 per unit on the partnership’s preferred units, all for the quarter ended March 31, 2021.
The first quarter 2021 distributions for both the common and preferred units remain unchanged from those paid for the fourth quarter 2020. The distributions are payable on May 14, 2021, on all outstanding common and preferred units to unitholders of record as of the close of business on May 7, 2021.
Blueknight is a publicly traded master limited partnership that owns the largest independent asphalt terminalling network in the country. Operations include 8.7 million barrels of liquid asphalt storage capacity across 53 terminals and 26 states throughout the US.
Blueknight said it is “focused on providing integrated terminalling solutions for tomorrow’s infrastructure and transportation end markets”.
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