KNOT Offshore Partners LP Announces Second Quarter 2021 Cash Distribution

Rhea-AI Summary

KNOT Offshore Partners LP (NYSE:KNOP) announced a quarterly cash distribution of $0.52 per unit for the quarter ending June 30, 2021, amounting to $2.08 on an annualized basis. This cash distribution will be disbursed on August 12, 2021, to unitholders of record as of July 29, 2021. KNOT Offshore Partners operates shuttle tankers under long-term charters in the offshore oil sectors of the North Sea and Brazil, and is structured as a publicly traded master limited partnership.

Positive

• Quarterly cash distribution declared at $0.52 per unit.
• Annualized distribution equals $2.08 per unit.
• Strong operational focus in offshore oil production regions.

Negative

• None.

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, 2021, of $0.52 per unit.

This corresponds to $2.08 per outstanding unit on an annualized basis.

This cash distribution will be paid on August 12, 2021 to all unitholders of record as of the close of business on July 29, 2021.

About KNOT Offshore Partners LP

KNOT Offshore Partners LP owns, operates and acquires shuttle tankers under long-term charters in the offshore oil production regions of the North Sea and Brazil. KNOT Offshore Partners LP is structured as a publicly traded master limited partnership. KNOT Offshore Partners LP’s common units’ trade on the New York Stock Exchange under the symbol “KNOP”.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210713005642/en/

FAQ

What is the cash distribution per unit announced by KNOT Offshore Partners LP?

KNOT Offshore Partners LP announced a cash distribution of $0.52 per unit.

When will KNOT Offshore Partners LP distribute its quarterly cash distribution?

The distribution will be paid on August 12, 2021.

What is the annualized cash distribution for KNOT Offshore Partners LP?

The annualized cash distribution is $2.08 per unit.

What is the record date for the cash distribution payment?

The record date for the cash distribution payment is July 29, 2021.