KNOT Offshore Partners Optimistic After Q2 Results

KNOT Offshore Partners (KNOP) has released an update.

KNOT Offshore Partners LP reported strong Q2 2024 results with $74.4 million in revenue and $45.5 million in Adjusted EBITDA, despite a net loss due to vessel impairment. The company maintains high fleet utilization and continued to secure new charter contracts, bolstering its coverage for the year. The outlook is optimistic with a tightening market in Brazil and new tanker orders indicating strong demand in the offshore oil sector.

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