KNOT Offshore Partners

KNOT Offshore Partners LP is engaged in the operation and acquisition of shuttle tankers under long-term charters. Its fleet consists of sixteen shuttle tankers, which are vessels designed to transport crude oil and condensates from offshore oil field installations to onshore terminals and refineries. The company was founded on February 21, 2013 and is headquartered in Aberdeen, the United Kingdom.

Earnings data Q1 2021

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Earnings data Q1 2024

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Earnings data Q3 2024

Earnings data Q4 2024

KNOT Offshore Partners reports strong Q4 earnings amidst market variations

KNOP delivered strong financial performance in Q4 2022 with solid revenues and operational efficiency, despite challenges in debt refinancings and market conditions.
The partnership's focus on safe operations, crew welfare, and contract certainty underpins its commitment to sustainable growth and shareholder value.
Opportunities in debt refinancings, market expansion in Brazil, and contract diversification position KNOP for long-term success and resilience in the offshore industry.
Navigating challenges in debt management, market dynamics, and interest rate risks will be crucial for KNOP to sustain its financial performance and drive growth.

KNOT Offshore Partners (KNOP) reports robust Q1 performance amidst market challenges

KNOT Offshore Partners (KNOP) posts strong Q1 results with stable financials and operational performance, while navigating challenges around shareholder concerns and market rate fluctuations. The company remains focused on long-term sustainability and growth opportunities in the evolving tanker market.

KNOT Offshore Partners reports robust Q2 performance and strategic focus

KNOP's Q2 performance showcased operational strength and financial resilience.
Balancing liquidity needs with operational requirements and market dynamics is crucial.
Strategic focus on stability and revenue generation positions KNOP for future growth.
Management's emphasis on financial prudence and operational excellence is evident.

KNOP reports robust Q3 earnings, eyes growth amid debt refinancing

KNOP's Q3 performance reflects financial strength and operational growth, supported by secured vessel contracts and liquidity management.
While facing challenges such as limited recent drop-downs and increased long-term debt, KNOP is well-positioned to capitalize on growth opportunities.
The partnership's proactive marketing strategies and focus on debt management indicate a strategic approach to navigating market dynamics.

KNOT Offshore Partners reports solid Q4 results, eyes growth opportunities

KNOP's Q4 performance showcased resilience with strong revenue generation and operational efficiency. While facing debt repayment challenges, the company's strategic contract extensions and positive industry outlook position it well for future growth.

KNOT Offshore Partners reports strong Q1 earnings and growth outlook

KNOP's Q1 performance reflects financial stability, operational efficiency, and strategic growth initiatives amidst market challenges and opportunities.
The company's strengths lie in its strong liquidity position, customer relationships, and focus on debt repayment, while challenges include debt management and market uncertainties.
Opportunities for KNOP include expanding in high-demand markets, securing new contracts, and enhancing shareholder value through strategic initiatives like share buybacks.

KNOT Offshore Partners reports resilient Q2 performance amidst growth opportunities

KNOT Offshore Partners' Q2 performance showcased resilience despite challenges. The company's strong liquidity position and operational efficiency are notable strengths. Opportunities lie in fleet growth and anticipated sector expansion, while challenges include addressing losses and optimizing asset deployment.

KNOT Offshore Partners reports resilient Q3 performance and strategic growth

KNOP's Q3 performance reflects resilience amidst challenges, with a focus on stability and growth through strategic initiatives.
The company's strong contracted revenue position and proactive business approach position it well for future opportunities.
While facing challenges in financial management, KNOP remains committed to navigating uncertainties and optimizing operational performance.

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KNOT Offshore Partners LP engages in the operation and acquisition of shuttle tankers under long-term charters. Its fleet consists of sixteen shuttle tankers, which are vessels designed to transport crude oil and condensates from offshore oil field installations to onshore terminals and refineries. The company was founded on February 21, 2013 and is headquartered in Aberdeen, the United Kingdom.

Leading shuttle tanker operator KNOT Offshore Partners reported mixed Q3/2024 with the company's bottom line impacted by derivative losses and inflationary pressures on operating expenses. A recent vessel swap with parent Knutsen NYK resulted in backlog and estimated average daily time charter rate increasing to new multi-year highs. However, a combination of heavy debt amortization requirements and near-term refinancing needs are likely to result in quarterly distributions remaining at current levels for the time being.

KNOT Offshore Partners: No Visible Near-Term Catalysts - Hold

KNOT Offshore Partners LP (NYSE:KNOP ) Q3 2024 Earnings Conference Call December 5, 2024 9:30 AM ET Company Participants Derek Lowe - CEO and CFO Conference Call Participants Liam Burke - B. Riley Jim Altschul - Aviation Advisory Service Poe Fratt - Alliance Global Partners Pavel Oliva - RockHill Global Clement Mullins - Value Investor's Edge Fredrik Dybwad - Fearnley Securities Operator Good morning and thank you all for joining.

KNOT Offshore Partners LP (KNOP) Q3 2024 Earnings Call Transcript

ABERDEEN, Scotland--(BUSINESS WIRE)--Financial Highlights For the three months ended September 30, 2024 (“Q3 2024”), KNOT Offshore Partners LP (“KNOT Offshore Partners” or the “Partnership”): Generated total revenues of $76.3 million, operating income of $17.2 million and net loss of $3.8 million. Generated Adjusted EBITDA1 of $45.1 million. Reported $77.2 million in available liquidity at September 30, 2024, which was comprised of cash and cash equivalents of $67.2 million and undrawn revolvin.

KNOT Offshore Partners LP Earnings Release — Interim Results for the Period Ended September 30, 2024

KNOT Offshore Partners faces significant debt maturities in 2025 and 2026. Despite generating free cash flow, KNOP is still likely to have a large shortfall that needs to be refinanced. Their dry dockings in 2025 and 2026 are likely to modestly weaken financial performance versus 2024.

KNOT Offshore Partners: The Outlook For Higher Distributions

ABERDEEN, Scotland--(BUSINESS WIRE)--KNOT Offshore Partners LP (NYSE:KNOP) (“the Partnership”) plans to release its financial results for the 3rd Quarter of 2024 before opening of the market on Thursday, December 5, 2024. The Partnership also plans to host a conference call on Thursday, December 5, 2024 at 9:30 AM (Eastern Time) to discuss the results for the 3rd Quarter of 2024. All unitholders and interested parties are invited to listen to the live conference call by choosing from the follow.

KNOT Offshore Partners LP Announces 3rd Quarter 2024 Earnings Results Conference Call

ABERDEEN, Scotland--(BUSINESS WIRE)--KNOT Offshore Partners LP (NYSE:KNOP) (“The Partnership”) Distribution The Partnership announced today that its Board of Directors has declared a quarterly cash distribution with respect to the quarter ended September 30, 2024, of US$ 0.026 per common unit. This cash distribution will be paid on November 7, 2024, to all unitholders of record as of the close of business on October 28, 2024. About KNOT Offshore Partners LP KNOT Offshore Partners LP owns, opera.

KNOT Offshore Partners LP Announces 3rd Quarter 2024 Cash Distribution

Impressive fleet utilization is a tailwind for KNOP and adds to the stock's investment-worthiness.

Here's Why Investors Should Bet on KNOT Offshore Stock Now

ABERDEEN, Scotland--(BUSINESS WIRE)--KNOT Offshore Partners LP (NYSE:KNOP) (“the Partnership”) advises that its 2024 Annual Meeting will be held on November 7, 2024. The record date for voting at the Annual Meeting is set to October 3, 2024. The notice, agenda and associated material will be distributed prior to the meeting. The 2024 Annual Meeting will be held at Floor 19, 1 Cabot Square, Canary Wharf, London E14 4QJ, United Kingdom at 3:00 pm UK time. About KNOT Offshore Partners LP KNOT Offs.

KNOT Offshore Partners LP Announces 2024 Annual Meeting

Adjusted for a $16.4 million non-cash impairment charge related to its MR shuttle tankers, KNOT Offshore Partners LP delivered solid Q2 2024 results. After cutting common unit distributions by 95% in January 2023, net debt decreased for a sixth consecutive quarter to approximately $845 million. While contracting activity wasn't great, the company managed to negotiate a favorable asset swap transaction with parent Knutsen NYK Offshore Tankers.

KNOT Offshore Partners: Solid Q2 But Going Private Deal Growing Unlikely - Hold

KNOT Offshore Partners LP (NYSE:KNOP ) Q2 2024 Results Conference Call September 4, 2024 9:30 AM ET Company Participants Derek Lowe - CEO and CFO Conference Call Participants Liam Burke - B. Riley Poe Fratt - AGP Jim Altschul - Aviation Advisory Service Operator Good morning, everyone.

KNOT Offshore Partners LP (KNOP) Q2 2024 Earnings Call Transcript

ABERDEEN, Scotland--(BUSINESS WIRE)--Financial Highlights For the three months ended June 30, 2024 (“Q2 2024”), KNOT Offshore Partners LP (“KNOT Offshore Partners” or the “Partnership”): Generated total revenues of $74.4 million, operating income of $1.3 million and net loss of $12.9 million, after recording a combined $16.4 million non-cash impairment in respect of the vessels Dan Cisne and Dan Sabia. When adjusted to remove the impact of the impairment, operating income for the quarter was $1.

Knot Offshore Partners LP Earnings Release—Interim Results for the Period Ended June 30, 2024

ABERDEEN, Scotland--(BUSINESS WIRE)--KNOT Offshore Partners LP (NYSE:KNOP) (“The Partnership”) The Partnership announced today that its wholly owned subsidiary, KNOT Shuttle Tankers AS, has entered into agreements with our Sponsor, Knutsen NYK Offshore Tankers AS (“KNOT”), to simultaneously: acquire from KNOT the shuttle tanker, Tuva Knutsen (the “Tuva Knutsen Acquisition”); and sell to KNOT the shuttle tanker, Dan Cisne (the “Dan Cisne Sale” and, together with the Tuva Knutsen Acquisition, the.

KNOT Offshore Partners LP announces swap of Dan Cisne for Tuva Knutsen

High costs are likely to have hurt KNOT Offshore's bottom-line performance in the second quarter.

KNOP to Report Q2 Earnings: What's in Store for the Stock?

ABERDEEN, Scotland--(BUSINESS WIRE)--KNOT Offshore Partners LP (NYSE:KNOP) (“the Partnership”) plans to release its financial results for the 2nd Quarter of 2024 before opening of the market on Wednesday, September 4, 2024. The Partnership also plans to host a conference call on Wednesday, September 4, 2024 at 9:30 AM (Eastern Time) to discuss the results for the 2nd Quarter of 2024. All unitholders and interested parties are invited to listen to the live conference call by choosing from the fo.

KNOT Offshore Partners LP Announces 2nd Quarter 2024 Earnings Results Conference Call

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Should Value Investors Buy KNOT Offshore Partners (KNOP) Stock?

ABERDEEN, Scotland--(BUSINESS WIRE)--KNOT Offshore Partners LP (NYSE:KNOP) (“The Partnership”) Distribution The Partnership announced today that its Board of Directors has declared a quarterly cash distribution with respect to the quarter ended June 30, 2024, of US$ 0.026 per common unit. This cash distribution will be paid on August 8, 2024, to all unitholders of record as of the close of business on July 29, 2024. About KNOT Offshore Partners LP KNOT Offshore Partners LP owns, operates and ac.

KNOT Offshore Partners LP Announces 2nd Quarter 2024 Cash Distribution

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Are Investors Undervaluing KNOT Offshore Partners (KNOP) Right Now?

KNOT Offshore Partners LP (NYSE:KNOP ) Q1 2024 Earnings Conference Call May 23, 2024 9:30 AM ET Company Participants Derek Lowe - Chief Executive Officer, Chief Financial Officer Conference Call Participants Liam Burke - B. Riley Poe Fratt - AGP Pavel Oliva - Rockhill Global Robert Silvera - R.A.

KNOT Offshore Partners (KNOP) Q1 2024 Earnings Call Transcript

ABERDEEN, Scotland--(BUSINESS WIRE)--Financial Highlights For the three months ended March 31, 2024 (“Q1 2024”), KNOT Offshore Partners LP (“KNOT Offshore Partners” or the “Partnership”): Generated total revenues of $76.6 million, operating income of $19.7 million and net income of $7.4 million. Generated Adjusted EBITDA1 of $47.5 million Reported $55.2 million in available liquidity at March 31, 2024, which was comprised of cash and cash equivalents of $50.2 million and undrawn revolving credi.

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