Welcome to our dedicated page for Knot Offshore Partners Lp news (Ticker: KNOP), a resource for investors and traders seeking the latest updates and insights on Knot Offshore Partners Lp stock.
KNOT Offshore Partners LP (NYSE: KNOP) provides essential shuttle tanker services for offshore crude oil transportation, operating primarily in the North Sea and Brazilian markets. This news hub offers investors and industry professionals centralized access to official updates, financial disclosures, and operational developments from this master limited partnership.
Track KNOP's strategic initiatives through verified press releases covering charter agreements, fleet expansions, and partnership announcements. The curated collection includes earnings reports, regulatory filings, and operational updates that demonstrate the company's role in maintaining critical energy infrastructure.
Key focus areas include long-term charter contract developments, environmental compliance measures, and technological advancements in offshore logistics. Users will find factual updates on vessel acquisitions, market expansions, and operational milestones that impact KNOP's position in specialized marine transportation.
Bookmark this page for direct access to primary source materials from KNOT Offshore Partners. Regularly updated content ensures stakeholders maintain current awareness of this shuttle tanker operator's activities in global energy supply chains.
KNOT Offshore Partners LP (NYSE: KNOP) announced a quarterly cash distribution of $0.026 per common unit for the quarter ending June 30, 2024. This distribution will be paid on August 8, 2024, to unitholders of record as of July 29, 2024. KNOT Offshore Partners LP focuses on owning and operating shuttle tankers under long-term charters in the offshore oil production regions of Brazil and the North Sea. Structured as a publicly traded master partnership, it issues Form 1099 to its unitholders for U.S. federal income tax purposes. KNOP common units trade on the New York Stock Exchange.
KNOT Offshore Partners LP reported Q1 2024 financial results.
Key highlights include: revenues of $76.6 million, operating income of $19.7 million, and net income of $7.4 million. EBITDA adjusted to $47.5 million.
Fleet utilization stood at 97.6%, and available liquidity was $55.2 million.
Key events: declaration of cash distributions, vessel contracts renewals, and the signing of new time charters. The Dan Cisne returned post-charter and is assessing new operations.
The company signed a $60 million loan facility and achieved refinancing milestones. CEO Derek Lowe highlighted contract coverage, fleet utilization, and improving market outlooks in Brazil and the North Sea.
Revenue and operating income increased compared to Q4 2023 and Q1 2023.
Interest expenses decreased due to lower rates and debt.
Overall, KNOT Offshore Partners LP reported a strong operational and financial performance for Q1 2024.
KNOT Offshore Partners LP (NYSE:KNOP) announced it will release its financial results for the 1st Quarter of 2024 on May 23, 2024. A conference call will be held to discuss the results on the same day. The Partnership owns and operates shuttle tankers in offshore oil production regions. Common units trade on the NYSE under the symbol 'KNOP'.
FAQ
What is the current stock price of Knot Offshore Partners Lp (KNOP)?
What is the market cap of Knot Offshore Partners Lp (KNOP)?
