KNOT Offshore Partners LP Announces Third Quarter 2023 Cash Distribution

Rhea-AI Summary

KNOT Offshore Partners LP declares quarterly cash distribution of US$ 0.026 per common unit

Positive

• The Partnership has declared a quarterly cash distribution of US$ 0.026 per common unit for the quarter ended September 30, 2023.

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 2023, of US$ 0.026 per common unit.

This cash distribution will be paid on November 9, 2023 to all unitholders of record as of the close of business on October 26, 2023.

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 Brazil and the North Sea.

KNOT Offshore Partners LP is structured as a publicly traded master limited partnership but is classified as a corporation for U.S. federal income tax purposes, and thus issues a Form 1099 to its unitholders, rather than a Form K-1. 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/20231012390134/en/

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

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

The Partnership has declared a cash distribution of US$ 0.026 per common unit.

When will the cash distribution be paid?

The cash distribution will be paid on November 9, 2023.

Who is eligible to receive the cash distribution?

All unitholders of record as of the close of business on October 26, 2023, are eligible to receive the cash distribution.