KNOT Offshore Partners LP Common Units representing Limited Partner Interests (KNOP)
Frequently Asked Questions About KNOT Offshore Partners LP Common Units representing Limited Partner Interests (KNOP)
How does KNOT Offshore Partners LP distribute cash to its investors?
KNOT Offshore Partners LP typically distributes cash to its investors on a quarterly basis, based on the partnership's available cash flow after meeting operational expenses, debt obligations, and capital expenditures. The distribution policy is designed to provide a predictable stream of income to unit holders, which is a key attraction for investors seeking stable returns. The partnership reviews its distribution level regularly and adjusts it based on financial performance and growth opportunities.
How does KNOT Offshore Partners LP ensure environmental compliance?
KNOT Offshore Partners LP prioritizes environmental compliance and operates under stringent safety and environmental regulations. The company implements robust policies and procedures to minimize its environmental footprint, including regular monitoring of operations, adherence to international environmental standards, and investment in technology that reduces emissions and enhances fuel efficiency. This commitment to sustainability not only protects marine ecosystems but also aligns with industry best practices.
How does KNOT Offshore Partners LP perform risk management?
KNOT Offshore Partners LP employs a comprehensive risk management framework to identify, assess, and mitigate risks associated with its operations and investments. This includes diversifying its client base, entering into long-term contracts to stabilize revenue streams, and ensuring compliance with safety and environmental regulations. The company regularly reviews its risk management policies and practices, adapting them as needed to address emerging challenges in the offshore oil and gas landscape.
How has KNOT Offshore Partners LP performed financially in recent years?
KNOT Offshore Partners LP has demonstrated a resilient financial performance over recent years, navigating challenges in the oil and gas market while maintaining stable cash flow and distributions to its investors. By effectively managing operational costs and optimizing its fleet utilization, the partnership has succeeded in generating consistent earnings, even in fluctuating market conditions. Financial results are regularly disclosed to investors, providing transparency into the partnership's operational health and future outlook.
How is KNOT Offshore Partners LP structured?
KNOT Offshore Partners LP is structured as a master limited partnership (MLP), which combines the benefits of a publicly traded company with the tax efficiencies of a partnership. This structure allows the company to raise capital through the issuance of common units representing limited partner interests while providing investors with the opportunity to receive quarterly cash distributions based on its earnings. The general partner manages the day-to-day operations and has an interest aligned with the limited partners, supporting growth and stability.
How many vessels does KNOT Offshore Partners LP operate?
KNOT Offshore Partners LP operates a modern fleet of shuttle tankers, currently consisting of multiple vessels designed to handle a range of offshore transportation needs. The company continually assesses its fleet composition and may expand or modernize its holdings to meet the demands and evolving requirements of the offshore oil and gas sector, ensuring that it maintains a competitive edge in the marketplace.
What are limited partner interests in KNOT Offshore Partners LP?
Limited partner interests in KNOT Offshore Partners LP represent an ownership stake in the partnership structure of the company. These interests entitle holders to receive a share of the partnership's cash distributions, which are typically derived from the profits generated by the company’s operations. Limited partners benefit from the potential for stable income generation while enjoying limited liability in terms of the partnership's financial obligations.
What are the primary services offered by KNOT Offshore Partners LP?
The primary services offered by KNOT Offshore Partners LP include the operation and management of shuttle tankers that transport crude oil and other liquids from offshore production sites to refineries and distribution points on land. Additionally, the company focuses on providing logistics solutions that enhance supply chain efficiency for its clients, ensuring safe and dependable transportation of petroleum products across various environments.
What are the risks associated with investing in KNOT Offshore Partners LP?
Investing in KNOT Offshore Partners LP involves various risks, including fluctuations in oil prices, changes in demand for offshore transportation services, regulatory challenges, and economic downturns that may affect the oil and gas sector. Additionally, the partnership's dependence on a limited number of clients for a significant portion of its revenues can heighten vulnerability. Potential investors should conduct thorough due diligence and consider these risks when evaluating their investment.
What challenges does KNOT Offshore Partners LP face in the market?
KNOT Offshore Partners LP faces several market challenges, including volatile oil prices that can impact demand for its services, increased competition in the offshore shipping sector, and changing regulatory environments that may affect operational practices. Additionally, geopolitical factors and global economic uncertainties can influence investment in offshore projects, posing risks to the company's growth and profitability. The firm continuously assesses these factors to navigate the complexities of the market.
What does KNOT Offshore Partners LP do?
KNOT Offshore Partners LP is a publicly traded limited partnership that specializes in the ownership and operation of shuttle tankers and other offshore vessels primarily serving the oil and gas industry. The company provides essential services for the transportation of crude oil and other liquids from offshore production facilities to onshore processing and storage facilities. With a strong fleet and a focus on high-quality operations, KNOT Offshore Partners is committed to meeting the needs of its clients while maximizing shareholder value.
What financial metrics are important for KNOT Offshore Partners LP investors?
Investors in KNOT Offshore Partners LP often focus on key financial metrics such as distribution yield, earnings before interest, taxes, depreciation, and amortization (EBITDA), and net debt to EBITDA ratios. The distribution yield indicates the return on investment through cash distributions, while EBITDA provides insights into the company's operational performance. Monitoring net debt levels in relation to EBITDA helps assess financial leverage and overall sustainability of the partnership.
What is KNOT Offshore Partners LP's approach to safety?
Safety is a cornerstone of KNOT Offshore Partners LP's operational philosophy. The company implements comprehensive safety management systems to ensure that all operations are conducted with the utmost regard for the well-being of its crew, the vessels, and the environment. Ongoing training, adherence to industry safety standards, and regular audits are part of KNOT's commitment to maintaining a strong safety culture across its fleet and operations.
What is the growth strategy of KNOT Offshore Partners LP?
KNOT Offshore Partners LP's growth strategy includes expanding its fleet through acquisitions of new vessels, entering into long-term contracts with clients, and exploring opportunities in emerging markets within the offshore oil and gas sector. The company aims to enhance its market presence and diversify its offerings, while maintaining its commitment to operational excellence and responsible business practices to maximize returns for its investors.
What is the outlook for KNOT Offshore Partners LP in the next few years?
The outlook for KNOT Offshore Partners LP over the next few years is shaped by several factors, including global oil demand, investment trends in offshore drilling, and the company's strategic initiatives for fleet expansion and operational efficiency. As the energy market evolves and transitions toward sustainable practices, KNOT is positioned to leverage its expertise and modern fleet to capture growth opportunities, despite potential market volatility. The company's focus on long-term partnerships with clients instills confidence in its prospects.
What is the role of the general partner in KNOT Offshore Partners LP?
The general partner of KNOT Offshore Partners LP is responsible for managing the day-to-day operations of the partnership, making strategic decisions, and overseeing the execution of the company's business plan. This includes responsibilities such as vessel management, contract negotiation, financial planning, and compliance with regulatory requirements. The general partner typically holds a vested interest in the partnership's success, aligning its objectives with the interests of limited partners and enhancing the overall value of the investment.
What is the significance of the NYSE listing for KNOT Offshore Partners LP?
KNOT Offshore Partners LP is listed on the New York Stock Exchange (NYSE) under the ticker symbol KNOP. This listing provides the company with increased visibility and credibility in the financial markets, allowing it to access a broader range of investors. Being publicly traded also enhances liquidity for unit holders, as they can buy and sell their limited partner interests on the exchange, providing an easier exit strategy compared to private investments.
Where is KNOT Offshore Partners LP headquartered?
KNOT Offshore Partners LP is headquartered in the vibrant city of Hamilton, Bermuda. This strategic location provides the company with access to important maritime and financial services, enabling efficient operations and facilitating effective communication with clients, partners, and investors in the offshore oil and gas industry.
Who are KNOT Offshore Partners LP's main clients?
KNOT Offshore Partners LP serves a diverse range of clients within the oil and gas industry, including major international oil companies, independent producers, and national oil companies. By providing reliable offshore transportation services, KNOT Offshore Partners creates long-term relationships with clients who depend on efficient and safe logistics for their crude oil and liquid hydrocarbons. The company strategically positions itself to address the specific needs of each client to optimize operations.
What is the current price of KNOT Offshore Partners LP Common Units representing Limited Partner Interests?
The current price of KNOT Offshore Partners LP Common Units representing Limited Partner Interests is 6.680
When was KNOT Offshore Partners LP Common Units representing Limited Partner Interests last traded?
The last trade of KNOT Offshore Partners LP Common Units representing Limited Partner Interests was at 7:00 pm EDT on May 9th, 2025
What is the market capitalization of KNOT Offshore Partners LP Common Units representing Limited Partner Interests?
The market capitalization of KNOT Offshore Partners LP Common Units representing Limited Partner Interests is 227.42M
How many shares of KNOT Offshore Partners LP Common Units representing Limited Partner Interests are outstanding?
KNOT Offshore Partners LP Common Units representing Limited Partner Interests has 34.05M shares outstanding.