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 publicly traded master limited partnership that owns, operates and acquires shuttle tankers, with a focus on long-term charters in offshore oil production regions in Brazil and the North Sea. The KNOP news feed on Stock Titan brings together the Partnership’s press releases and related coverage so readers can follow developments affecting its shuttle tanker operations and capital structure.
According to its announcements, KNOT Offshore Partners LP regularly issues news on quarterly cash distributions to common unitholders and holders of Series A Convertible Preferred Units, earnings releases for interim periods, and utilization and charter coverage for its fleet. The Partnership also reports on new vessel acquisitions from Knutsen NYK Offshore Tankers AS, sale and leaseback transactions for specific shuttle tankers, and refinancings of revolving credit facilities and term loans secured by its vessels.
Governance and corporate actions are another recurring theme in KNOP news. The Partnership has published notices and proxy materials for its annual meeting of limited partners, disclosed adjournments and rescheduled meeting dates due to lack of quorum, and announced nominations and appointments to its Board of Directors. It has also reported receiving an unsolicited non-binding proposal from Knutsen NYK Offshore Tankers AS to acquire all publicly held common units through a merger, with a conflicts committee evaluating the offer.
Investors and observers can use this news page to review KNOP’s earnings releases, distribution declarations, charter extensions with counterparties in Brazil and the North Sea, financing updates and governance developments in one place. For those following the deep sea freight transportation and shuttle tanker segment, the KNOP news stream provides direct insight into how the Partnership communicates its performance, fleet activity and strategic decisions over time.
KNOT Offshore Partners LP (NYSE:KNOP) has declared a quarterly cash distribution of $0.52 per unit for the quarter ended June 30, 2022, equating to an annualized rate of $2.08 per unit. The distribution will be paid on August 11, 2022 to unitholders on record as of July 28, 2022. KNOT Offshore specializes in owning and operating shuttle tankers under long-term charters in offshore oil production regions.
KNOT Offshore Partners LP (NYSE:KNOP) announced the acquisition of KNOT Shuttle Tankers 35 AS, which owns the shuttle tanker Synnøve Knutsen, for $119 million. This purchase is financed non-dilutively through a sale and leaseback agreement related to the Torill Knutsen. The Synnøve Knutsen, a 153,000-deadweight ton DP2 Suezmax class tanker, operates in Brazil under a five-year charter with
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.