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KNOT OFFSHORE PARTNERS LP - $KNOP STOCK NEWS

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.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect KNOT OFFSHORE PARTNERS LP's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary
KNOT Offshore Partners LP reports Q2 financial results, including total revenues of $73.8 million and net loss of $40.4 million. Adjusted operating income for the quarter was $18.4 million and adjusted net income was $9.3 million. Generated Adjusted EBITDA of $46.5 million. Reported $68.1 million in available liquidity. Fleet operated with 99.3% utilization for scheduled operations. Partnership successfully closed new term loan and refinanced revolving credit facility. Contract extension for Dan Cisne agreed. New time charter contracts signed. Market conditions in Brazil improving.
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6.18%
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Rhea-AI Summary
KNOT Offshore Partners LP generated total revenues of $71.2 million, operating income of $17.7 million, and a net loss of $1.3 million for the first quarter of 2023. They also reported $52.4 million in available liquidity and secured credit approval for refinancing their senior secured credit facility and revolving credit facility. The Partnership has secured employment for the majority of their fleet for 2023 and expects positive trends in the shuttle tanker charter market.
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-2.04%
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0.2%
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0.19%
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0.94%
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KNOT OFFSHORE PARTNERS LP

NYSE:KNOP

KNOP Rankings

KNOP Stock Data

189.01M
24.29M
28.64%
21.16%
0.08%
Deep Sea Freight Transportation
Transportation and Warehousing
Link
United States of America
Aberdeen

About KNOP

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.