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) 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 $10 million in undrawn credit facility.
KNOT Offshore Partners LP (NYSE:KNOP) has announced its upcoming 3rd Quarter 2024 earnings results conference call, scheduled for Thursday, December 5, 2024. The financial results will be released before market opening, followed by a conference call at 9:30 AM Eastern Time. Investors can access the call via webcast through the company's website or by dialing specific numbers for US, Canada, and international participants. The earnings presentation will be available on the company's website, and a recording will be accessible until December 12, 2024.
KNOT Offshore Partners LP (NYSE:KNOP) has announced its quarterly cash distribution for the third quarter of 2024. The Board of Directors has declared a distribution of US$ 0.026 per common unit for the quarter ended September 30, 2024. This distribution will be paid on November 7, 2024, to unitholders of record as of the close of business on October 28, 2024.
KNOT Offshore Partners LP is a publicly traded master partnership that owns, operates, and acquires shuttle tankers. These tankers primarily operate under long-term charters in the offshore oil production regions of Brazil and the North Sea. The company's common units trade on the New York Stock Exchange under the symbol 'KNOP'. Although structured as a master partnership, KNOT Offshore Partners LP is classified as a for U.S. federal income tax purposes and issues Form 1099 to its unitholders instead of Form K-1.
KNOT Offshore Partners LP (NYSE:KNOP) has announced that its 2024 Annual Meeting will take place on November 7, 2024. The meeting will be held at Floor 19, 1 Cabot Square, Canary Wharf, London E14 4QJ, United Kingdom at 3:00 pm UK time. The record date for voting at the Annual Meeting has been set for October 3, 2024.
KNOP is a publicly traded master partnership that owns, operates, and acquires shuttle tankers primarily under long-term charters in the offshore oil production regions of Brazil and the North Sea. Despite its structure, KNOP is classified as a for U.S. federal income tax purposes and issues Form 1099 to unitholders instead of Form K-1. The Partnership's common units are traded on the New York Stock Exchange under the symbol 'KNOP'.
KNOT Offshore Partners LP reported its Q2 2024 financial results, generating total revenues of $74.4 million and a net loss of $12.9 million. The loss includes a $16.4 million non-cash impairment for two vessels. Adjusted for this, net income was $3.5 million. Key highlights:
- Adjusted EBITDA of $45.5 million
- Available liquidity of $66.6 million
- Fleet utilization of 98.8%
- Declared quarterly distribution of $0.026 per common unit
- Executed new time charters for multiple vessels
- Acquired Tuva Knutsen and sold Dan Cisne in a vessel swap
The Partnership reports 93% charter coverage for 2024 from fixed contracts, rising to 95% with options. Management sees improving market conditions in Brazil and anticipates offshore oil production growth to outpace shuttle tanker supply in coming years.
KNOT Offshore Partners LP (NYSE:KNOP) has announced a strategic vessel swap, exchanging the smaller, older Dan Cisne for the newer, industry-standard Suezmax shuttle tanker Tuva Knutsen. The transaction involves:
1. Acquiring Tuva Knutsen for $97.5 million (less $69.0 million debt)
2. Selling Dan Cisne for $30 million
3. Net payment of $1.1 million from KNOT to KNOP
The Tuva Knutsen, built in 2021, has a fixed charter with TotalEnergies until February 2026, with KNOT guaranteeing the hire rate until August 2031. This swap reduces KNOP's average fleet age, increases long-term contract stability, and focuses on high-demand shuttle tanker classes without requiring new funding.
KNOT Offshore Partners LP (NYSE:KNOP) has announced its plans to release 2nd Quarter 2024 financial results before market opening on Wednesday, September 4, 2024. The company will host a conference call at 9:30 AM (Eastern Time) on the same day to discuss the results. Unitholders and interested parties can participate via webcast or by dialing in. The earnings presentation will be available on the company's website prior to the call. A recording of the call will be accessible until September 11, 2024.
KNOT Offshore Partners LP operates in the offshore oil production regions of the North Sea and Brazil, primarily owning and operating shuttle tankers under long-term charters. The company is structured as a publicly traded master partnership but is classified as a for U.S. federal income tax purposes.
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