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 reports developments tied to its shuttle tanker fleet, which it owns, operates and acquires primarily under long-term charters in offshore oil production regions of Brazil and the North Sea. News commonly covers interim results, vessel utilization, credit facilities, cash distributions on common and preferred units, and the availability of annual Form 20-F reports.
Company updates also address limited-partner meeting and proxy matters, board capital-allocation actions such as unit buyback authorization, and governance processes involving proposals affecting the Partnership’s public common units. KNOP is a publicly traded master limited partnership whose common units trade on the NYSE and whose U.S. tax reporting is on Form 1099 rather than Schedule K-1.
KNOT Offshore Partners LP (NYSE:KNOP) will release its Second Quarter 2022 financial results before market open on August 25, 2022. The Partnership will hold a conference call on the same day at 11:00 AM ET to discuss the results. Shareholders and interested parties can participate via phone or webcast through the company’s website. The earnings presentation will be available ahead of the call, and a recording will remain accessible until September 1, 2022.
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 Equinor Shipping Inc., extendable for up to 15 years. This acquisition enhances distribution coverage and increases average charter duration, improving liquidity and reducing refinancing needs.
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 $0.52 per unit for Q4 2021, amounting to an annualized rate of $2.08 per unit. The distribution will be paid on February 10, 2022, to unitholders on record as of January 28, 2022. The Partnership operates shuttle tankers under long-term charters primarily in North Sea and Brazil's offshore oil regions. Although the Partnership issues Form 1099 for tax purposes, it faces potential risks and uncertainties affecting future performance.