BP Midstream Partners LP (BP Midstream Partners LP) Interest Expense : $-4.3 Mil (TTM As of Dec. 2021)

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What is BP Midstream Partners LP Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. BP Midstream Partners LP's interest expense for the three months ended in Dec. 2021 was $ -1.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2021 was $-4.3 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. BP Midstream Partners LP's Operating Income for the three months ended in Dec. 2021 was $ 21.7 Mil. BP Midstream Partners LP's Interest Expense for the three months ended in Dec. 2021 was $ -1.1 Mil. BP Midstream Partners LP's Interest Coverage for the quarter that ended in Dec. 2021 was 19.73. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

BP Midstream Partners LP Interest Expense Historical Data

The historical data trend for BP Midstream Partners LP's Interest Expense 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.

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BP Midstream Partners LP Interest Expense Chart

BP Midstream Partners LP Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Interest Expense

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-0.11

-4.00

-15.10

-7.90

-4.30

BP Midstream Partners LP Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
Interest Expense	Get a 7-Day Free Trial															-1.10	-1.10	-1.10	-1.00	-1.10

BP Midstream Partners LP Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $-4.3 Mil.

BP Midstream Partners LP (NYSE:BPMP) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

BP Midstream Partners LP's Interest Expense for the three months ended in Dec. 2021 was $-1.1 Mil. Its Operating Income for the three months ended in Dec. 2021 was $21.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2021 was $468.0 Mil.

BP Midstream Partners LP's Interest Coverage for the quarter that ended in Dec. 2021 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2021 )	/	Interest Expense (Q: Dec. 2021 )
	=	-1	*	21.7	/	-1.1
	=	19.73

The higher the ratio, the stronger the company's financial strength is.

BP Midstream Partners LP (BP Midstream Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » BP Midstream Partners LP (NYSE:BPMP) » Definitions » Interest Expense

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Traded in Other Exchanges

N/A

Address

501 Westlake Park Boulevard, Houston, TX, USA, 77079

Website

https://www.bpmidstreampartners.com

BP Midstream Partners LP is a US-based limited partnership. It owns, operates, develops, and acquires pipelines and other midstream assets. The company holds interests in entities that own crude oil, natural gas, refined products, and diluent pipelines serving as key infrastructure for the company to transport onshore crude oil production to whiting refinery and offshore crude oil and natural gas production. It transports oil and gas products to refining markets and trading and distribution hubs.

Executives

Starlee Sykes	director	501 WESTLAKE PARK BLVD HOUSTON TX 77079
Jack T Collins	director	210 PARK AVENUE SUITE 2750 OKLAHOMA CITY OK 73102
David Kurt	officer: Chief Operating Officer	501 WESTLAKE PARK BOULEVARD HOUSTON TX 77079
Derek Rush	officer: Chief Development Officer	501 WESTLAKE PARK BLVD HOUSTON TX 77079
Craig Coburn	director, officer: See Remarks	501 WESTLAKE PARK BOULEVARD HOUSTON TX 77079
Michele F Joy	director	910 LOUISIANA STREET, HOUSTON TX 77002
Robert A Malone	director	3000 NORTH SAM HOUSTON PARKWAY EAST, HOUSTON TX 77032
Gerald J Maret	officer: Chief Operating Officer	501 WESTLAKE PARK BOULEVARD HOUSTON TX 77079
Robert P Zinsmeister	director, officer: See Remarks	501 WESTLAKE PARK BOULEVARD HOUSTON TX 77079
Clive Christison	director	501 WESTLAKE PARK BOULEVARD HOUSTON TX 77079
Mark E Frena	officer: Chief Development Officer	501 WESTLAKE PARK BOULEVARD HOUSTON TX 77079
Douglas Sparkman	director	501 WESTLAKE PARK BOULEVARD HOUSTON TX 77079
Walter Clements	director	501 WESTLAKE PARK BOULEVARD HOUSTON TX 77079
Bp Midstream Partners Gp Llc	director, 10 percent owner	501 WESTLAKE PARK BOULEVARD HOUSTON TX 77079
Bp Midstream Partners Holdings Llc	director, 10 percent owner	501 WESTLAKE PARK BOULEVARD HOUSTON TX 77079