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Knot Offshore Partners LP (KNOP.N)

KNOP.N on New York Stock Exchange

22.55USD
29 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Knot Offshore sees full year net income to range from $60 mln to $62 mln
Wednesday, 15 Feb 2017 01:10am EST 

Knot Offshore Partners Lp : Knot Offshore Partners LP earnings release_interim results for the period ended December 31, 2016 . Q4 revenue $45 million versus I/B/E/S view $43.9 million . Sees FY net income to range from $60 million to $62 million; . Knot Offshore Partners-Unit entered agreement to buy Knot 24, company that owns shuttle tanker, Tordis Knutsen, from Knutsen Nyk . Says purchase price of acquisition is $147.0 million . Says purchase price will be settled in cash . Knot Offshore-Partnership's board and conflicts committee of board have approved purchase price of acquisition . Knot Offshore-Partnership estimates deal to generate about $7.8 million of net income,about $16.2 million of ebitda for 12 months following deal close . Knot Offshore Partners-Partnership's earnings for Q1 of 2017 to be affected by planned dry-docking of Windsor Knutsen which will commence in Europe in mid-February .Knot Offshore -Expects to receive options to acquire three additional vessels (in addition to Tordis Knutsen ) owned by Knutsen Nyk.  Full Article

NYK Logistics Holding (Europe) posts 31.8 pct stake in Knot Offshore - SEC Filing
Monday, 22 Aug 2016 06:13am EDT 

Knot Offshore Partners LP:NYK Logistics Holding (Europe) B.V. reports 31.8 pct stake in Knot Offshore Partners LP, as of May 18, 2016 - SEC Filing.  Full Article

Knot Offshore Partners LP sees Q3 operating income is expected to be at same level as in Q2 of 2016
Wednesday, 10 Aug 2016 06:00pm EDT 

Knot Offshore Partners LP : Knot Offshore Partners LP: earnings release _ interim results for the period ended June 30, 2016 . Q2 revenue $43.1 million versus I/B/E/S view $42.8 million . Knot Offshore Partners LP sees Q3 operating income is expected to be at same level as in Q2 of 2016 .Qtrly net income increased by $4.7 million compared to net income for three months ended June 30, 2015.  Full Article

Knot Offshore Partners reports q1 revenue of $42 mln
Wednesday, 11 May 2016 07:09am EDT 

Knot Offshore Partners Lp : Knot offshore partners lp earnings release_interim results for the quarter ended march 31, 2016 .Q1 revenue $42 million versus i/b/e/s view $42.5 million.  Full Article

KNOT Offshore Partners LP announces third quarter 2015 cash distribution
Thursday, 15 Oct 2015 06:00pm EDT 

KNOT Offshore Partners LP:Declared a quarterly cash distribution with respect to the quarter ended September 30, 2015, of $0.52 per unit.  Full Article

KNOT Offshore Partners LP announces entry into an agreement to acquire Ingrid Knutsen and extension of Carmen Knutsen time charter
Tuesday, 13 Oct 2015 08:45am EDT 

KNOT Offshore Partners LP:Announces entry into an agreement to acquire the Ingrid Knutsen and extension of carmen knutsen time charter.Deal for $115 million.Says partnership's management believes the acquisition will be accretive.Says on the closing of the acquisition, the partnership will repay $27.0 million.Says conflicts committee retained an outside financial advisor to assist with its evaluation of the acquisition.Partnership's unit KNOT shuttle tankers as, has entered into share purchase agreement to buy Knutsen NYK shuttle tankers 16 as.Partnership's board and the conflicts committee of the board approved the purchase price of the acquisition.Management evaluating whether to recommend increase in partnership's quarterly cash distribution to board as result of deal.Partnership estimates acquisition will generate about $3.9 million net income and approximately $11.5 million of EBITDA in 2016.Says partnership may not realize estimated level of net income or EBITDA from the acquisition in 2016.Partnership's board of directors and the conflicts committee of the board have approved the purchase price of the acquisition.  Full Article

KNOT Offshore Partners LP announces second quarter 2015 cash distribution
Thursday, 16 Jul 2015 04:15pm EDT 

KNOT Offshore Partners LP:Declared a quarterly cash distribution with respect to the quarter ended June 30 of $0.51 per unit.Says this corresponds to $2.04 per outstanding unit on an annualized basis.Says this cash distribution will be paid on Aug. 14 to all unitholders of record as of the close of business on Aug. 03.  Full Article

KNOT Offshore Partners LP announces completion of Acquisition of Dan Sabia
Monday, 15 Jun 2015 04:14pm EDT 

KNOT Offshore Partners LP:Completes acquisition of all the ownership interests in company that owns and operates the shuttle tanker Dan Sabia.Purchase price was $103.0 mln.  Full Article

KNOT Offshore Partners LP announces pricing of public offering
Thursday, 28 May 2015 08:53am EDT 

KNOT Offshore Partners LP:Prices its public offering of 5,000,000 common units, representing limited partner interests, at a price of $23.76 per unit.Partnership has granted the underwriters a 30-day option to purchase up to an additional 750,000 common units.Intends to use net proceeds in offering and related capital contribution by its general partner to maintain its 2% general partner interest.Also uses to fund cash portion of purchase price of previously announced acquisition of shuttle tanker, Dan Sabia, from Knutsen NYK Offshore Tankers AS and the remainder for general partnership purposes.Says if the Acquisition does not close, the Partnership will use the net proceeds from the offering and the related capital contribution by its general partner for general partnership purposes.Partnership owns, operates and acquires shuttle tankers under long-term charters in the offshore oil production regions of the North Sea and Brazil. The Partnership is structured as a master limited partnership.Partnership's common units trade on the New York Stock Exchange under the symbol KNOP.Barclays, BofA Merrill Lynch, Citigroup, Morgan Stanley, UBS Investment Bank, Wells Fargo Securities Raymond James and RBC Capital Markets, are acting as the joint book-running managers in connection with the offering.In addition, BNP PARIBAS and SMBC Nikko are acting as the co-managers in connection with the offering.  Full Article

KNOT Offshore Partners LP announces public offering of common units
Wednesday, 27 May 2015 04:33pm EDT 

KNOT Offshore Partners LP:Says it plans to offer 5,000,000 common units.Says partnership expects to grant underwriters 30-day option to purchase up to an additional 750,000 common units.Barclays, BofA Merrill Lynch, Citigroup, Morgan Stanley, UBS Investment Bank, Wells Fargo Securities, Raymond James and RBC Capital Markets are acting as the joint book-running managers in connection with the offering.  Full Article

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BRIEF-Knot Offshore sees full year net income to range from $60 mln to $62 mln

* Knot Offshore Partners LP earnings release_interim results for the period ended December 31, 2016