Knot Offshore Partners Lp Stock Price, News & Analysis

KNOT Offshore Partners LP (NYSE: KNOP) has announced its upcoming Q1 2025 earnings conference call scheduled for Wednesday, May 21, 2025. The financial results will be released before market opening, followed by a conference call at 9:30 AM Eastern Time.

Investors can participate through multiple channels: via webcast on the company's website (www.knotoffshorepartners.com), or by dialing 1-833-470-1428 (US), 1-833-950-0062 (Canada), or +1-404-975-4839 (international) using access code 259019. The earnings presentation will be available on the company's website before the call, and a recording will be accessible until May 28, 2025.

KNOT Offshore Partners LP operates shuttle tankers in Brazil and North Sea's offshore oil production regions, structured as a publicly traded master partnership but classified as a for U.S. tax purposes.

KNOT Offshore Partners LP (NYSE:KNOP) has announced its quarterly cash distribution for Q1 2025. The Partnership will distribute US$ 0.026 per common unit to unitholders of record as of April 28, 2025, with payment scheduled for May 8, 2025.

The company, which owns and operates shuttle tankers in Brazil and the North Sea's offshore oil production regions, primarily under long-term charters, emphasizes that accretive fleet investment and sustainable distribution remain key components of its strategy and value proposition. Though structured as a publicly traded master partnership, KNOP is classified as a for U.S. federal income tax purposes, issuing Form 1099 to unitholders instead of Form K-1.

KNOT Offshore Partners LP (NYSE: KNOP) has announced a change to its Board of Directors. Masami Okubo will replace Yasuhiro Fukuda on the Partnership's Board, effective April 1, 2025. Both individuals are employees of Nippon Yusen Kabushiki Kaisha (NYK).

Okubo brings significant experience to the role, currently serving as Managing Director of NYK Energy Transport (Atlantic) in London. His previous positions include Senior General Manager of NYK's LNG Group (April 2024-March 2025), General Manager (2022-2024), and Manager of NYK's Offshore Business Group (2016-2022). He joined NYK in 1999 and is a graduate of the University of Kyoto.

KNOT Offshore Partners operates shuttle tankers under long-term charters in Brazil and the North Sea's offshore oil production regions. The Partnership trades on NYSE as 'KNOP' and is structured as a publicly traded master partnership but classified as a for U.S. federal income tax purposes.

KNOT Offshore Partners LP (NYSE: KNOP) has announced the filing of its Annual Report on Form 20-F for the year ended December 31, 2024 with the SEC. The report is accessible through the Partnership's website under the 'Investors' section or directly on the SEC website.

The Partnership, which specializes in owning and operating shuttle tankers primarily under long-term charters in the offshore oil production regions of Brazil and the North Sea, is structured as a publicly traded master partnership but is classified as a for U.S. federal income tax purposes, issuing Form 1099 to unitholders instead of Form K-1.

KNOT Offshore Partners reported strong Q4 2024 financial results with total revenues of $91.3 million (including $5.9M insurance proceeds), operating income of $34.7 million, and net income of $23.3 million. The fleet maintained a high utilization rate of 98.3%.

The Partnership declared a quarterly cash distribution of $0.026 per common unit and $1.7 million for Series A Preferred Units holders. Available liquidity stood at $90.4 million, including $66.9M in cash and $23.5M in undrawn credit facility.

Several vessels secured new charters or extensions: Ingrid Knutsen (2-year with Eni), Hilda Knutsen (1-year with oil major), Torill Knutsen (3-year with Eni), Carmen Knutsen (1-year extension with Repsol), and Brasil Knutsen (new 2-year charter with Equinor starting Q3 2025). The Partnership has secured over 94% charter coverage for 2025 and 75% for 2026.

KNOT Offshore Partners LP (NYSE:KNOP) has announced a strategic vessel swap transaction, exchanging its smaller 2012-built Dan Sabia for the larger, modern 2021-built Live Knutsen shuttle tanker. The Live Knutsen, a 153,000-deadweight ton DP2 Suezmax class vessel, will be acquired for $100 million less $73.39 million of outstanding debt.

The transaction involves a net payment of $1.21 million from KNOP to KNOT, with completion expected by February 28, 2025. The Live Knutsen operates in Brazil under a charter contract with Galp Sinopec through November 2026, with KNOT guaranteeing the hire rate until November 2029. This strategic move aims to modernize KNOP's fleet and secure stable, long-term revenue streams.

KNOT Offshore Partners LP (NYSE: KNOP) has announced its upcoming 4th Quarter 2024 earnings release and conference call schedule. The financial results will be released before market opening on Thursday, March 20, 2025. A conference call to discuss the results will follow at 9:30 AM Eastern Time on the same day.

Stakeholders can participate via webcast through the company's website or by dialing specific numbers: 1-833-470-1428 (US), 1-833-950-0062 (Canada), or +1-404-975-4839 (international), using access code 060094. The earnings presentation will be available on the company's website before the call, and a recording will be accessible until March 27, 2024.

KNOT Offshore Partners LP specializes in owning, operating, and acquiring shuttle tankers, primarily under long-term charters in the North Sea and Brazil offshore oil production regions. The company trades on the NYSE under 'KNOP' and issues Form 1099 to unitholders as a for U.S. tax purposes.

KNOT Offshore Partners LP (NYSE:KNOP) has announced its quarterly cash distribution for Q4 2024. The Partnership will distribute US$ 0.026 per common unit to unitholders of record as of January 27, 2025, with payment scheduled for February 6, 2025.

The company reaffirms its strategic focus on accretive fleet investments and maintaining long-term, sustainable distributions. KNOT Offshore Partners operates shuttle tankers under long-term charters in Brazil and the North Sea's offshore oil production regions. While structured as a master partnership, it is classified as a for U.S. federal income tax purposes, issuing Form 1099 to unitholders.

KNOT Offshore Partners reported Q3 2024 financial results with total revenues of $76.3 million, operating income of $17.2 million, and a net loss of $3.8 million. The fleet operated with 98.8% utilization for scheduled operations. The Partnership declared a quarterly cash distribution of $0.026 per common unit and $1.7 million for Series A Preferred Units.

Key developments include multiple vessel charter extensions and new agreements: Shell extended charters for Tordis Knutsen and Lena Knutsen until 2028 with options until 2031; new time charters were secured for Ingrid Knutsen, Hilda Knutsen, and Torill Knutsen. The Partnership completed a vessel swap, acquiring Tuva Knutsen while selling Dan Cisne. Available liquidity stood at $77.2 million, including $67.2 million in cash and $10 million in undrawn credit facility.