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KNOT Offshore Partners LP Announces 1st Quarter 2024 Cash Distribution
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KNOT Offshore Partners LP (KNOP) declares a quarterly cash distribution of US$ 0.026 per common unit for the first quarter of 2024, to be paid on May 9, 2024. The distribution is for all unitholders of record as of April 29, 2024.
The Partnership announced today that its Board of Directors has declared a quarterly cash distribution with respect to the quarter ended March 31, 2024, of US$ 0.026 per common unit.
This cash distribution will be paid on May 9, 2024, to all unitholders of record as of the close of business on April 29, 2024.
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.
knot offshore partners lp (nyse: knop) owns, operates and acquires shuttle tankers under long-term charters in the offshore oil production regions of the north sea and brazil. knop is structured as a publicly traded master limited partnership (1099 filer). the partnership’s sponsor, knutsen nyk offshore tankers (knot), is a joint venture between leading global diversified shipping groups knutsen group and nyk group, providing material support to knop in all aspects of its operations, administration, and business development.