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Blueknight Energy Partners LP (Blueknight Energy Partners LP) Property, Plant and Equipment : $126.75 Mil (As of Jun. 2022)


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What is Blueknight Energy Partners LP Property, Plant and Equipment?

Blueknight Energy Partners LP's quarterly net PPE increased from Dec. 2021 ($114.24 Mil) to Mar. 2022 ($123.57 Mil) and increased from Mar. 2022 ($123.57 Mil) to Jun. 2022 ($126.75 Mil).

Blueknight Energy Partners LP's annual net PPE declined from Dec. 2019 ($117.27 Mil) to Dec. 2020 ($113.26 Mil) but then increased from Dec. 2020 ($113.26 Mil) to Dec. 2021 ($114.24 Mil).


Blueknight Energy Partners LP Property, Plant and Equipment Historical Data

The historical data trend for Blueknight Energy Partners LP's Property, Plant and Equipment can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Blueknight Energy Partners LP Property, Plant and Equipment Chart

Blueknight Energy Partners LP Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Property, Plant and Equipment
Get a 7-Day Free Trial Premium Member Only Premium Member Only 296.07 248.26 117.27 113.26 114.24

Blueknight Energy Partners LP Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Property, Plant and Equipment Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 111.96 113.26 114.24 123.57 126.75

Blueknight Energy Partners LP Property, Plant and Equipment Calculation

Property, Plant and Equipment (PPE) are the fixed assets of the companyFixed assets are also known as non-current assets.

Property, plant, and equipment includes assets that will - in the normal course of business - neither be used up in the next year nor will become a part of any product sold to customers.

Some of the most common parts of property, plant, and equipment are:


Land
Buildings (and leasehold improvements)
Transportation equipment
Manufacturing equipment
Office equipment
Office furniture

Companies with lots of property, plant, and equipment often have special categories. For example, railroad property includes:


Track
Ties
Ballast
Bridges
Tunnels
Signals
Locomotives
Freight Cars

There is often a note in the financial statements - found in a company's 10-K - that will explain the different categories of property a company owns.

The market value of property, plant, and equipment can differ tremendously from the book value of property, plant, and equipment.

For example, when Berkshire Hathaway liquidated its textile mills, it had to pay the buyers of the company's manufacturing equipment to haul the equipment away. That property, plant, and equipment was literally worth less than zero. On the other hand, some companies own thousands of acres of land.

All property, plant, and equipment other than land is depreciated. Land is never depreciated. However, land is not marked up to market value either. Under Generally Accepted Accounting Principles (GAAP), land is shown on the balance sheet at cost.

The property, plant, and equipment line shown on the balance sheet is usually net property, plant, and equipment. This means it is the cost of the property, plant, and equipment less accumulated depreciation.


Blueknight Energy Partners LP  (NAS:BKEPP.PFD) Property, Plant and Equipment Explanation

A company with durable competitive advantage doesn't need to constantly upgrade its equipment to stay competitive. The company replaces when it wears out. On the other hand, a company without any advantages must replace to keep pace.

Difference between a company with a moat and one without is that the company with the competitive advantage finances new equipment through internal cash flows, whereas the no advantage company requires debt to finance.

Producing a consistent product that doesn't change equates to consistent profits. There is no need to upgrade plants which frees up cash for other ventures. Think Coca Cola, Johnson & Johnson etc.


Blueknight Energy Partners LP Property, Plant and Equipment Related Terms

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Blueknight Energy Partners LP (Blueknight Energy Partners LP) Business Description

Traded in Other Exchanges
N/A
Address
6060 American Plaza, Suite 600, Tulsa, OK, USA, 74135
Blueknight Energy Partners LP is a limited partnership operating in the US. The company is engaged in providing storage, gathering, and distribution services that support the domestic transportation infrastructure markets.
Executives
Matthew R Lewis officer: Chief Financial Officer 6060 AMERICAN PLAZA, SUITE 600, TULSA OK 74135
D Andrew Woodward officer: Chief Financial Officer C/O ANDX, FINDLAY OH 45840
Michael G Mclanahan officer: Chief Accounting Officer 6060 AMERICAN PLAZA, SUITE 600, TULSA OK 74135
Joel Pastorek director 2829 LAKELAND DRIVE, SUITE 2000, JACKSON MS 39232
Wiley Rebhun Adams director 2829 LAKELAND DRIVE, SUITE 2000, JACKSON MS 39232
Joel Kanvik officer: Cheif Legal Officer 6060 AMERICAN PLAZA, SUITE 600, TULSA OK 74135
Edward Drew Brooks director 2829 LAKELAND DRIVE, SUITE 2000, JACKSON MS 39232
Jimmy Arden Langdon director 2829 LAKELAND DRIVE, FLOWOOD MS 39232
Robert Howard Lampton director 2829 LAKELAND DRIVE, 2000, FLOWOOD MS 39232
William Walter Lampton director 2829 LAKELAND DRIVE, SUITE 2000, JACKSON MS 39232
Donald M Brooks director 6165 W. DETROIT ST., CHANDLER AZ 85284
Michael R Eisenson director C/O CHARLESBANK CAPITAL PARTNERS, 600 ATLANTIC AV 28TH FL, BOSTON MA 02210
Charlesbank Capital Partners Llc 10 percent owner, other: Director by Deputization 600 ATLANTIC AVENUE, BOSTON MA 02210
Cb-blueknight, Llc 10 percent owner, other: Director by Deputization 200 CLARENDON STREET, FLOOR 54, BOSTON MA 02116
Jon Biotti director C/O CHARLESBANK CAPITAL PARTNERS LLC, 200 CLARENDON STREET, 54TH FLOOR, BOSTON MA 02109

Blueknight Energy Partners LP (Blueknight Energy Partners LP) Headlines