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) is a prominent publicly traded master limited partnership that specializes in owning, operating, and acquiring shuttle tankers. These vessels are essential for crude oil loading, transportation, and storage, operating primarily in the offshore oil production regions of the North Sea and Brazil. The company's unique business model focuses on long-term charters, ensuring consistent revenue streams and stable operations.
The partnership boasts a robust backing from its sponsor, Knutsen NYK Offshore Tankers (KNOT), a strategic joint venture between two globally renowned shipping groups—the Knutsen Group and the NYK Group. This collaboration provides substantial operational, administrative, and developmental support, bolstering KNOP’s market position.
KNOT Offshore Partners LP’s fleet is engaged in time charters and bareboat charters, ensuring versatile service offerings to its clients. KNOP has been structured in a way that optimizes tax efficiency and investor returns, filing as a 1099 entity. This structure is particularly attractive to investors seeking stable, tax-advantaged income from a sector with essential infrastructure.
Recent achievements include the acquisition of new shuttle tankers and securing long-term contracts with leading oil producers. These milestones position KNOP for sustained growth and resilience in the volatile energy sector. Financially, the company maintains a healthy balance sheet, with a strategic focus on leveraging its assets while controlling operational costs.
Keep an eye on KNOP for updates on new contracts, fleet expansions, and potential market opportunities stemming from its solid partnerships and operational expertise.
KNOT Offshore Partners LP (KNOP) reported a net income of $26.8 million for Q1 2022, down from $28.1 million in Q1 2021. Revenues were $65.2 million, a decline from $72.1 million in Q4 2021, primarily due to scheduled drydockings. The Partnership maintained high fleet utilization at 99.7% and declared a quarterly cash distribution of $0.52 per unit. With $96.3 million in available liquidity, the company remains optimistic despite a challenging market environment, citing increased customer inquiries and ongoing contracts.
KNOT Offshore Partners LP (NYSE:KNOP) will release its First Quarter 2022 financial results before market opening on May 12, 2022. A conference call is scheduled for the same day at 11:00 AM ET to discuss these results. Unitholders can participate via phone or access a live webcast through the company's website. A recording of the call will be available until May 19, 2022. KNOT Offshore operates shuttle tankers under long-term charters in the North Sea and Brazil, structured as a publicly traded master limited partnership.
KNOT Offshore Partners LP (NYSE:KNOP) has declared a quarterly cash distribution of $0.52 per unit for the quarter ending March 31, 2022. This distribution annualizes to $2.08 per outstanding unit. Unitholders of record as of April 28, 2022 will receive this payment on May 12, 2022. The partnership, operating primarily in the North Sea and Brazil, is structured as a publicly traded master limited partnership.
KNOT Offshore Partners LP (NYSE:KNOP) has filed its Annual Report on Form 20-F for the year ended December 31, 2021, with the SEC. The report is available on the Partnership's website and includes audited financial statements. Unitholders can request a hard copy of the report free of charge via email or by mail. KNOT Offshore Partners operates shuttle tankers under long-term charters in the North Sea and Brazil, structured as a publicly traded master limited partnership, classified as a corporation for U.S. tax purposes.
KNOT Offshore Partners LP reported strong financials for Q4 2021, with total revenues of $72.1 million and net income of $23.1 million. Adjusted EBITDA stood at $52.0 million, while distributable cash flow reached $23.3 million, supported by a distribution coverage ratio of 1.28. Despite high fleet utilization of 100% for scheduled operations, off-hires due to drydocking affected operational metrics. The Partnership secured new time charters with major oil companies, positioning itself for growth in the shuttle tanker market, especially in Brazil, amidst rising oil prices and increasing demand for offshore production.
KNOT Offshore Partners LP (NYSE:KNOP) is set to release its Fourth Quarter 2021 financial results on March 10, 2022. A conference call will follow at 11:00 AM ET for discussion of the results. Interested parties can join via phone or webcast through the company's website. The call will be recorded for later access. KNOT Offshore focuses on owning and operating shuttle tankers under long-term charters in key offshore oil production areas like the North Sea and Brazil.
KNOT Offshore Partners LP (NYSE:KNOP) has declared a quarterly cash distribution of
KNOT Offshore Partners reported total revenues of $66.6 million for Q3 2021, with an operating income of $21.1 million and net income of $13.5 million. Adjusted EBITDA stood at $47.2 million and distributable cash flow reached $18.6 million, resulting in a distribution coverage ratio of 1.03. The partnership's liquidity as of September 30, 2021, was $121.6 million. Despite a fleet utilization of 91.9%, revenues declined from Q2 due to lower vessel utilization and off-hires. The partnership is optimistic about long-term growth prospects, particularly in the shuttle tanker market.
KNOT Offshore Partners LP (NYSE:KNOP) will release its financial results for Q3 2021 on November 18, 2021, before market opening. A conference call is scheduled for the same day at 11:00 AM ET to discuss the results. Stakeholders can join via phone or webcast. The company's earnings presentation will be accessible on its website prior to the call. KNOT Offshore Partners specializes in owning and operating shuttle tankers under long-term charters in the North Sea and Brazil, structured as a publicly traded MLP.
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.
FAQ
What is the current stock price of KNOT OFFSHORE PARTNERS LP (KNOP)?
What is the market cap of KNOT OFFSHORE PARTNERS LP (KNOP)?
What does KNOT Offshore Partners LP do?
Who are KNOP’s main sponsors?
Where does KNOP primarily operate?
What types of charters does KNOP use?
What is the financial structure of KNOP?
What recent achievements has KNOP accomplished?
How does KNOP ensure operational support?
What are the benefits of investing in KNOP?
What are KNOP’s main services?
Is KNOP positioned for growth?
