KNOT Offshore Partners LP Announces 3rd Quarter 2024 Cash Distribution
KNOT Offshore Partners LP (NYSE:KNOP) has announced its quarterly cash distribution for the third quarter of 2024. The Board of Directors has declared a distribution of US$ 0.026 per common unit for the quarter ended September 30, 2024. This distribution will be paid on November 7, 2024, to unitholders of record as of the close of business on October 28, 2024.
KNOT Offshore Partners LP is a publicly traded master partnership that owns, operates, and acquires shuttle tankers. These tankers primarily operate under long-term charters in the offshore oil production regions of Brazil and the North Sea. The company's common units trade on the New York Stock Exchange under the symbol 'KNOP'. Although structured as a master partnership, KNOT Offshore Partners LP is classified as a for U.S. federal income tax purposes and issues Form 1099 to its unitholders instead of Form K-1.
KNOT Offshore Partners LP (NYSE:KNOP) ha annunciato la sua distribuzione di cassa trimestrale per il terzo trimestre del 2024. Il Consiglio di Amministrazione ha dichiarato una distribuzione di US$ 0,026 per unità comune per il trimestre concluso il 30 settembre 2024. Questa distribuzione sarà pagata il 7 novembre 2024, agli unitholder registrati alla chiusura dell'attività il 28 ottobre 2024.
KNOT Offshore Partners LP è una master partnership quotata in borsa che possiede, gestisce e acquisisce shuttle tanker. Questi tanker operano principalmente sotto contratti a lungo termine nelle regioni di produzione di petrolio offshore in Brasile e nel Mare del Nord. Le unità comuni della società sono quotate alla Borsa di New York con il simbolo 'KNOP'. Sebbene sia strutturata come una master partnership, KNOT Offshore Partners LP è classificata come tale ai fini fiscali federali statunitensi e emette il modulo 1099 ai suoi unitholder invece del modulo K-1.
KNOT Offshore Partners LP (NYSE:KNOP) ha anunciado su distribución de efectivo trimestral para el tercer trimestre de 2024. La Junta Directiva ha declarado una distribución de US$ 0.026 por unidad común para el trimestre terminado el 30 de septiembre de 2024. Esta distribución se pagará el 7 de noviembre de 2024, a los tenedores de unidades registrados al cierre de la jornada el 28 de octubre de 2024.
KNOT Offshore Partners LP es una asociación maestra que cotiza en bolsa y que posee, opera y adquiere petroleros de transporte. Estos petroleros operan principalmente bajo contratos a largo plazo en las regiones de producción de petróleo offshore de Brasil y del Mar del Norte. Las unidades comunes de la compañía se cotizan en la Bolsa de Nueva York bajo el símbolo 'KNOP'. Aunque está estructurada como una asociación maestra, KNOT Offshore Partners LP es clasificada como tal para fines del impuesto sobre la renta federal de EE. UU. y emite el formulario 1099 a sus tenedores de unidades en lugar del formulario K-1.
KNOT Offshore Partners LP (NYSE:KNOP)는 2024년 3분기 분기 현금 배당을 발표했습니다. 이사회는 2024년 9월 30일로 종료된 분기에 대해 US$ 0.026의 일반 유닛 배당을 선언했습니다. 이 배당금은 2024년 11월 7일에 지급되며, 2024년 10월 28일 종료 시점의 유닛 홀더에게 지급됩니다.
KNOT Offshore Partners LP는 상장된 마스터 파트너십으로 셔틀 유조선을 소유, 운영 및 인수합니다. 이 유조선은 주로 브라질과 북해의 해양 석유 생산 지역에서 장기 계약 하에 운영됩니다. 회사의 일반 유닛은 뉴욕 증권 거래소에서 'KNOP'이라는 심볼로 거래됩니다. 마스터 파트너십으로 구성되어 있지만 KNOT Offshore Partners LP는 미국 연방 소득세 목적상 분류되며 유닛 홀더에게는 K-1 양식 대신 1099 양식을 발행합니다.
KNOT Offshore Partners LP (NYSE:KNOP) a annoncé sa distribution de cash trimestrielle pour le troisième trimestre de 2024. Le Conseil d'Administration a déclaré une distribution de US$ 0,026 par unité commune pour le trimestre se terminant le 30 septembre 2024. Cette distribution sera versée le 7 novembre 2024, aux détenteurs d'unités enregistrés à la clôture des affaires le 28 octobre 2024.
KNOT Offshore Partners LP est une partenariat maître coté en bourse qui possède, exploite et acquiert des pétroliers de navette. Ces pétroliers opèrent principalement sous des contrats à long terme dans les régions de production pétrolière offshore du Brésil et de la mer du Nord. Les unités communes de la société se négocient à la Bourse de New York sous le symbole 'KNOP'. Bien qu'elle soit structurée comme un partenariat maître, KNOT Offshore Partners LP est classée comme un tel aux fins de l'impôt fédéral sur le revenu aux États-Unis et émet le formulaire 1099 à ses détenteurs d'unités au lieu du formulaire K-1.
KNOT Offshore Partners LP (NYSE:KNOP) hat die vierteljährliche Barverteilung für das dritte Quartal 2024 bekannt gegeben. Der Vorstand hat eine Verteilung von US$ 0,026 pro Stammaktie für das am 30. September 2024 endende Quartal erklärt. Diese Verteilung wird am 7. November 2024 an die am Ende des Geschäftstags am 28. Oktober 2024 registrierten Anteilinhaber ausgezahlt.
KNOT Offshore Partners LP ist eine börsennotierte Master-Partnerschaft, die Shuttle-Tanker besitzt, betreibt und erwirbt. Diese Tanker operieren hauptsächlich unter langfristigen Charterverträgen in den Offshore-Ölproduktionsregionen Brasiliens und der Nordsee. Die Stammaktien des Unternehmens werden an der New Yorker Börse unter dem Symbol 'KNOP' gehandelt. Obwohl sie als Master-Partnerschaft strukturiert ist, wird KNOT Offshore Partners LP für die Zwecke der US-Bundessteuer als Partnership betrachtet und stellt ihren Anteilinhabern das Formular 1099 anstelle des Formulars K-1 aus.
- Consistent quarterly cash distribution maintained
- Operates in key offshore oil production regions (Brazil and North Sea)
- Long-term charter business model
- Low quarterly distribution of only US$ 0.026 per common unit
Insights
The announced quarterly cash distribution of
For investors, this reduced payout signals potential cash flow issues and may impact the stock's appeal as an income-generating investment. The current distribution implies an annualized yield of approximately
While maintaining some level of distribution is positive, the substantial decrease may prompt investors to reassess KNOP's financial health and growth prospects. It's important to examine the partnership's latest financial statements and industry outlook to understand the factors driving this decision and its implications for long-term value.
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
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, operates and acquires shuttle tankers primarily under long-term charters in the offshore oil production regions of
KNOT Offshore Partners LP is structured as a publicly traded master limited partnership but is classified as a corporation for
Forward looking statements
This press release includes statements that may constitute forward-looking statements. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management’s control. Factors that can affect future results are discussed in the Annual Report on Form 20-F filed by the Partnership with SEC. The Partnership undertakes no obligation to update or revise any forward-looking statement to reflect new information or events.
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KNOT Offshore Partners LP
Derek Lowe
Chief Executive Officer and Chief Financial Officer
Tel: +44 1224 618 420
Email: ir@knotoffshorepartners.com
Source: KNOT Offshore Partners LP
FAQ
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