KNOT Offshore Partners LP Announces Third Quarter 2021 Cash Distribution

Rhea-AI Summary

KNOT Offshore Partners LP (NYSE:KNOP) has declared a quarterly cash distribution of $0.52 per unit for the quarter ending September 30, 2021. This amounts to an annualized distribution of $2.08 per unit. The payout date is set for November 10, 2021, with an ex-dividend date of October 28, 2021. The company operates shuttle tankers in offshore oil regions such as the North Sea and Brazil, and is structured as a publicly traded master limited partnership.

Positive

• Quarterly cash distribution of $0.52 per unit signifies financial stability.
• Annualized distribution stands at $2.08 per unit, appealing for investors.

Negative

• None.

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, 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 November 10, 2021 to all unitholders of record as of the close of business on October 28, 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.

Source: KNOT Offshore Partners LP

View source version on businesswire.com: https://www.businesswire.com/news/home/20211013005931/en/

KNOT Offshore Partners LP

Gary Chapman

Chief Executive Officer and Chief Financial Officer

Tel: +44 7496 170 620

Email: ir@knotoffshorepartners.com

Source: KNOT Offshore Partners LP

FAQ

What is the cash distribution declared by KNOT Offshore Partners LP for Q3 2021?

KNOT Offshore Partners LP declared a cash distribution of $0.52 per unit for the quarter ending September 30, 2021.

When will KNOT Offshore Partners LP pay its cash distribution?

The cash distribution will be paid on November 10, 2021.

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

The annualized cash distribution for KNOT Offshore Partners LP is $2.08 per unit.

What is the record date for the cash distribution by KNOT Offshore Partners LP?

The record date for the cash distribution is October 28, 2021.