KNOT Offshore Partners

KNOT Offshore Partners LP is engaged in the operation and acquisition of shuttle tankers under long-term charters. Its fleet consists of sixteen shuttle tankers, which are vessels designed to transport crude oil and condensates from offshore oil field installations to onshore terminals and refineries. The company was founded on February 21, 2013 and is headquartered in Aberdeen, the United Kingdom.

Earnings data Q1 2021

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Earnings data Q1 2022

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Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

KNOT Offshore Partners reports strong Q4 earnings amidst market variations

KNOP delivered strong financial performance in Q4 2022 with solid revenues and operational efficiency, despite challenges in debt refinancings and market conditions.
The partnership's focus on safe operations, crew welfare, and contract certainty underpins its commitment to sustainable growth and shareholder value.
Opportunities in debt refinancings, market expansion in Brazil, and contract diversification position KNOP for long-term success and resilience in the offshore industry.
Navigating challenges in debt management, market dynamics, and interest rate risks will be crucial for KNOP to sustain its financial performance and drive growth.

KNOT Offshore Partners (KNOP) reports robust Q1 performance amidst market challenges

KNOT Offshore Partners (KNOP) posts strong Q1 results with stable financials and operational performance, while navigating challenges around shareholder concerns and market rate fluctuations. The company remains focused on long-term sustainability and growth opportunities in the evolving tanker market.

KNOT Offshore Partners reports robust Q2 performance and strategic focus

KNOP's Q2 performance showcased operational strength and financial resilience.
Balancing liquidity needs with operational requirements and market dynamics is crucial.
Strategic focus on stability and revenue generation positions KNOP for future growth.
Management's emphasis on financial prudence and operational excellence is evident.

KNOP reports robust Q3 earnings, eyes growth amid debt refinancing

KNOP's Q3 performance reflects financial strength and operational growth, supported by secured vessel contracts and liquidity management.
While facing challenges such as limited recent drop-downs and increased long-term debt, KNOP is well-positioned to capitalize on growth opportunities.
The partnership's proactive marketing strategies and focus on debt management indicate a strategic approach to navigating market dynamics.

KNOT Offshore Partners reports solid Q4 results, eyes growth opportunities

KNOP's Q4 performance showcased resilience with strong revenue generation and operational efficiency. While facing debt repayment challenges, the company's strategic contract extensions and positive industry outlook position it well for future growth.

KNOT Offshore Partners reports strong Q1 earnings and growth outlook

KNOP's Q1 performance reflects financial stability, operational efficiency, and strategic growth initiatives amidst market challenges and opportunities.
The company's strengths lie in its strong liquidity position, customer relationships, and focus on debt repayment, while challenges include debt management and market uncertainties.
Opportunities for KNOP include expanding in high-demand markets, securing new contracts, and enhancing shareholder value through strategic initiatives like share buybacks.

KNOT Offshore Partners reports resilient Q2 performance amidst growth opportunities

KNOT Offshore Partners' Q2 performance showcased resilience despite challenges. The company's strong liquidity position and operational efficiency are notable strengths. Opportunities lie in fleet growth and anticipated sector expansion, while challenges include addressing losses and optimizing asset deployment.

KNOT Offshore Partners reports resilient Q3 performance and strategic growth

KNOP's Q3 performance reflects resilience amidst challenges, with a focus on stability and growth through strategic initiatives.
The company's strong contracted revenue position and proactive business approach position it well for future opportunities.
While facing challenges in financial management, KNOP remains committed to navigating uncertainties and optimizing operational performance.

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KNOT Offshore Partners LP engages in the operation and acquisition of shuttle tankers under long-term charters. Its fleet consists of sixteen shuttle tankers, which are vessels designed to transport crude oil and condensates from offshore oil field installations to onshore terminals and refineries. The company was founded on February 21, 2013 and is headquartered in Aberdeen, the United Kingdom.

ABERDEEN, Scotland--(BUSINESS WIRE)--KNOT Offshore Partners LP (NYSE:KNOP) (“The Partnership”) Distribution The Partnership announced today that its Board of Directors has declared a quarterly cash distribution with respect to the quarter ended March 31, 2023, of $0.026 per common unit. This cash distribution will be paid on May 11, 2023 to all unitholders of record as of the close of business on April 27, 2023.

KNOT Offshore Partners LP Announces First Quarter 2023 Cash Distribution

ABERDEEN, Scotland--(BUSINESS WIRE)--KNOT Offshore Partners LP (the “Partnership”) (NYSE:KNOP), an owner and operator of shuttle tankers, announced today that Gary Chapman, KNOP's CEO and CFO, has given notice that he intends to resign from his roles at the Partnership in order to pursue an opportunity outside of the shuttle tanker sector. Mr.

KNOT Offshore Partners LP Announces CEO/CFO Stepping Down

ABERDEEN, Scotland--(BUSINESS WIRE)--KNOT Offshore Partners LP (the “Partnership”) (NYSE:KNOP), an owner and operator of shuttle tankers, announced today that there has been a change on the board of directors of the Partnership. The Partnership's general partner has appointed Mr. Yasuhiro Fukuda to replace Mr. Junya Omoto, both of whom are employees of Nippon Yusen Kabushiki Kaisha (“NYK”), on the Partnership's Board of Directors, effective April 1, 2023. Mr.

KNOT Offshore Partners LP Announces Change to its Board of Directors

ABERDEEN, Scotland--(BUSINESS WIRE)--KNOT Offshore Partners LP (the “Partnership”) (NYSE:KNOP), an owner and operator of shuttle tankers, announced today that its Annual Report on Form 20-F for the year ended December 31, 2022 has been filed with the SEC. The report can be accessed on the Partnership's website www.knotoffshorepartners.com in the “Investors” section under “Financial Information” then “Annual Report” or “SEC Filings”, or on the website of the U.S.

KNOT Offshore Partners LP Announces Availability Of Its Form 20-F for the Year Ended December 31, 2022

KNOT Offshore Partners LP (NYSE:KNOP ) Q4 2022 Results Conference Call March 15, 2023 10:00 AM ET Company Participants Gary Chapman - CEO and CFO Conference Call Participants Liam Burke - B. Riley Richard Diamond - Castlewood Poe Fratt - Alliance Global Partners Operator Hello and welcome to the KNOT Fourth Quarter 2022 Earnings Results Conference Call.

KNOT Offshore Partners LP (KNOP) Q4 2022 Earnings Call Transcript

ABERDEEN, Scotland--(BUSINESS WIRE)--  Financial Highlights For the three months ended December 31, 2022, KNOT Offshore Partners LP (“KNOT Offshore Partners” or the “Partnership”): • Generated total revenues of $71.6 million, operating income of $19.6 million and net income of $6.0 million. • Generated Adjusted EBITDA of $47.4 million (1) • Reported $47.6 million in available liquidity, which included cash and cash equivalents of $47.6 million at December 31, 2022.

KNOT Offshore Partners LP Earnings Release — Interim Results for the Period Ended December 31, 2022

ABERDEEN, Scotland--(BUSINESS WIRE)--KNOT Offshore Partners LP (NYSE:KNOP) (“the Partnership”) plans to release its financial results for the Fourth Quarter of 2022 before opening of the market on Wednesday, March 15, 2023. The Partnership also plans to host a conference call on Wednesday, March 15, 2023 at 10:00 AM (Eastern Time) to discuss the results for the Fourth Quarter of 2022.

KNOT Offshore Partners LP Announces Fourth Quarter 2022 Earnings Results Conference Call

KNOT Offshore Partners recently cut their distributions by 95%, which management blames on their lack of future earnings visibility in 2023. Worryingly, 2024 and beyond sees even less earnings visibility and thus as it stands right now, this is not merely a blip on the radar.

KNOT Offshore Partners: 3 Reasons Not To Jump Aboard This Ship

The shuttle tanker operator is struggling to find work for its fleet.

Why Units of KNOT Offshore Partners Are Plunging Today

Leading shuttle tanker player is the latest partnership to succumb to adverse market conditions. Quarterly cash distribution will be cut by 95% to a measly $0.026 per common unit.

KNOT Offshore Partners Cuts Common Unit Distribution By 95%, Now What?

ABERDEEN, Scotland--( BUSINESS WIRE )--KNOT Offshore Partners LP (NYSE:KNOP) (“The Partnership”)

KNOT Offshore Partners LP Announces Fourth Quarter 2022 Cash Distribution

ABERDEEN, Scotland--( BUSINESS WIRE )--KNOT Offshore Partners LP (NYSE:KNOP) (“the Partnership”) today announced that the U.S. Treasury and Internal Revenue Service (“IRS”) final regulations concerning publicly traded partnerships that are taxed as partnerships for U.S. federal income tax purposes (“PTP”) that are coming into effect on January 1, 2023, will not affect its unitholders.

KNOT Offshore Partners LP Announces that Unitholders Remain Unaffected by U.S. Internal Revenue Service Regulations Effective January 1, 2023

KNOP faces multiple issues and implied pricing of distribution cut could mean lower unit prices going forward. Revenues in the next year might decline facing renewals on contracts.

KNOT Offshore Partners: Lots Of Issues Ahead

Knot Offshore (KNOP) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

Here's Why Knot Offshore (KNOP) is Poised for a Turnaround After Losing 27.4% in 4 Weeks

KNOT Offshore Partners is facing numerous operational issues that have hindered their financial performance during 2022. Disappointingly, these continued into the third quarter and appear likely to worsen during 2023.

KNOT Offshore Partners: Covenant Alert, Distributions Could Fall To Zero

KNOT Offshore Partners LP (NYSE:KNOP ) Q3 2022 Results Conference Call November 30, 2022 10:00 AM ET Company Participants Gary Chapman - Chief Executive Officer and CFO Conference Call Participants Liam Burke - B. Riley Richard Diamond - Castlewood Capital Jim Altschul - Aviation Advisory Service Rob Silvera - R.E.

KNOT Offshore Partners LP (KNOP) Q3 2022 Earnings Call Transcript

Demand for shuttle tankers is sinking due to oversupply.

Why Knot Offshore Partners Stock Is Plunging Today

ABERDEEN, Scotland--( BUSINESS WIRE )--KNOT Offshore Partners LP (NYSE:KNOP):

KNOT Offshore Partners LP Earnings Release—Interim Results for the Period Ended September 30, 2022

KNOT Offshore Partners eliminated their IDRs at the end of 2021, which in my eyes, appeared to be lining up for a distribution cut. Whilst their distributions have since been sustained, their fundamentals have deteriorated and thus it now seems prudent for unitholders to brace for a cut.

KNOT Offshore Partners: Brace For A Distribution Cut

ABERDEEN, Scotland--(BUSINESS WIRE)--KNOT Offshore Partners LP (NYSE:KNOP) (“the Partnership”) plans to release its financial results for the Third Quarter of 2022 before opening of the market on Wednesday, November 30, 2022.

KNOT Offshore Partners LP Announces Third Quarter 2022 Earnings Results Conference Call

ABERDEEN, Scotland--(BUSINESS WIRE)--KNOT Offshore Partners LP (NYSE:KNOP) (“The Partnership”) Distribution The Partnership announced today that its Board of Directors has declared a quarterly cash distribution with respect to the quarter ended September 30, 2022, of $0.52 per unit.

KNOT Offshore Partners LP Announces Third Quarter 2022 Cash Distribution

ABERDEEN, Scotland--(BUSINESS WIRE)--KNOT Offshore Partners LP (NYSE:KNOP) (“the Partnership”) advises that its 2022 Annual Meeting will be held on October 20, 2022. The record date for voting at the Annual Meeting is set to September 20, 2022. The notice, agenda and associated material will be distributed prior to the meeting. The 2022 Annual Meeting will be held at One Elmfield Park, Bromley, BR1 1LU, United Kingdom at 3:00 pm UK time.1 Source: KNOT Offshore Partners LP 1 Based on any regulat

KNOT Offshore Partners LP Announces 2022 Annual Meeting

KNOT Offshore Partners LP (NYSE:KNOP ) Q2 2022 Earnings Conference Call August 25, 2022 11:00 AM ET Company Participants Gary Chapman - Chief Executive Officer Conference Call Participants Richard Diamond - Castlewood Capital Liam Burke - B. Riley Securities Robert Silvera - R.E.

KNOT Offshore Partners LP (KNOP) Q2 2022 Earnings Call Transcript

ABERDEEN, Scotland--(BUSINESS WIRE)--KNOT Offshore Partners LP (NYSE:KNOP): Financial Highlights For the three months ended June 30, 2022, KNOT Offshore Partners LP (“KNOT Offshore Partners” or the “Partnership”): Generated total revenues of $64.0 million, operating income of $13.4 million and net income of $9.9 million. Generated Adjusted EBITDA of $39.5 million (1) Generated distributable cash flow of $9.4 million (1) Reported $123.5 million in available liquidity at June 30, 2022, which incl

KNOT Offshore Partners LP Earnings Release—Interim Results for the Period Ended June 30, 2022

ABERDEEN, Scotland--(BUSINESS WIRE)--KNOT Offshore Partners LP (NYSE:KNOP) (“the Partnership”) plans to release its financial results for the Second Quarter of 2022 before opening of the market on Thursday, August 25, 2022. The Partnership also plans to host a conference call on Thursday, August 25, 2022 at 11:00 AM (Eastern Time) to discuss the results for the Second Quarter of 2022. All unitholders and interested parties are invited to listen to the live conference call by choosing from the f

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