BP Midstream Partners LP (BPMP) Financial Statements (2024 and earlier)

Company Profile

Business Address 501 WESTLAKE PARK BLVD
HOUSTON, TX 77079
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 461 - Pipelines, Except Natural Gas (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments126,90098,83156,97032,694
Cash and cash equivalents126,90098,83156,97032,694
Receivables11,20016,17710,0949,669
Other current assets2,9004,9806291,655
Other undisclosed current assets6,6008244,6671,370
Total current assets:147,600120,81272,36045,388
Noncurrent Assets
Property, plant and equipment67,90062,69368,58069,488
Long-term investments and receivables519,900534,383549,039487,999
Long-term investments519,900534,383549,039487,999
Other noncurrent assets3,5004,2083,2242,783
Total noncurrent assets:591,300601,284620,843560,270
TOTAL ASSETS:738,900722,096693,203605,658
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities9,7007,1497,5074,750
Accounts payable1,900550607269
Accrued liabilities7,8006,5996,9004,481
Deferred revenue1,8001,544
Debt    15,000
Due to related parties1,9001,7172,5532,270
Other undisclosed current liabilities   1,067 
Total current liabilities:13,40010,41011,12722,020
Noncurrent Liabilities
Long-term debt and lease obligation468,000468,417468,000 
Long-term debt, excluding current maturities468,000468,000468,000 
Liabilities, other than long-term debt3,5006,4953,2242,783
Accrued environmental loss contingencies  3,0393,2242,783
Other liabilities3,5003,456  
Operating lease, liability  417
Other undisclosed noncurrent liabilities  (3,456)  
Total noncurrent liabilities:471,500471,456471,2242,783
Total liabilities:484,900481,866482,35124,803
Equity
Other undisclosed equity254,000240,230210,852580,855
Total equity:254,000240,230210,852580,855
TOTAL LIABILITIES AND EQUITY:738,900722,096693,203605,658

Income Statement (P&L) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues128,900128,468116,439108,151
Revenue, net116,447108,151
Revenue from related parties126,000125,436 
Cost of revenue(26,800)(26,114)(24,956)(21,707)
Cost of goods and services sold   (2,640)(4,437)
Gross profit:102,100102,35491,48386,444
Operating expenses(16,700)(16,907)(16,125)(9,984)
Operating income:85,40085,44775,35876,460
Income from continuing operations before equity method investments, income taxes:85,40085,44775,35876,460
Income from equity method investments110,800116,74794,36117,916
Other undisclosed loss from continuing operations before income taxes  (15,127)(4,043) 
Income from continuing operations before income taxes:196,200187,067165,67694,376
Income tax expense    (25,318)
Income from continuing operations:196,200187,067165,67669,058
Income before gain (loss) on sale of properties:196,200187,067165,67669,058
Other undisclosed net loss(7,900)  (82)
Net income:188,300187,067165,67668,976
Net loss attributable to noncontrolling interest(19,900) (32,619)(8,099)
Other undisclosed net loss attributable to parent  (19,183) (39,102)
Net income available to common stockholders, diluted:168,400167,884133,05721,775

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:188,300187,067165,67668,976
Comprehensive income:188,300187,067165,67668,976
Comprehensive loss, net of tax, attributable to noncontrolling interest(19,900) (32,619)(8,099)
Comprehensive income, net of tax, attributable to parent:168,400187,067133,05760,877

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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