Knot Offshore Partners LP Earnings Release—Interim Results for the Period Ended June 30, 2024
KNOT Offshore Partners LP Common Units representing Limited Partner Interests (KNOP)
US:NYSE Investor Relations:
ir.knotoffshorepartners.com/investor-relations/default.aspx
Company Research
Source: Business Wire
ABERDEEN, Scotland--(BUSINESS WIRE)--Financial HighlightsFor the three months ended June 30, 2024 (“Q2 2024”), KNOT Offshore Partners LP (“KNOT Offshore Partners” or the “Partnership”):Generated total revenues of $74.4 million, operating income of $1.3 million and net loss of $12.9 million, after recording a combined $16.4 million non-cash impairment in respect of the vessels Dan Cisne and Dan Sabia. When adjusted to remove the impact of the impairment, operating income for the quarter was $17.7 million and net income was $3.5 million.Generated Adjusted EBITDA1 of $45.5 million.Reported $66.6 million in available liquidity at June 30, 2024, which was comprised of cash and cash equivalents of $56.6 million and undrawn revolving credit facility capacity of $10 million.Other Partnership Highlights and EventsFleet operated with 98.8% utilization for scheduled operations in Q2 2024.On July 9, 2024, the Partnership declared a quarterly cash distribution of $0.026 per common unit with re
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News
- KNOT Offshore Partners LP Announces 3rd Quarter 2024 Earnings Results Conference CallBusiness Wire
- Is Alstom (ALSMY) Outperforming Other Transportation Stocks This Year? [Yahoo! Finance]Yahoo! Finance
- KNOT Offshore Partners LP (NYSE: KNOP) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- KNOT Offshore Partners LP Announces 3rd Quarter 2024 Cash DistributionBusiness Wire
- KNOT Offshore Partners LP (NYSE: KNOP) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
KNOP
Sec Filings
- 11/14/24 - Form SC
- 11/7/24 - Form 6-K
- 10/10/24 - Form SC
- KNOP's page on the SEC website