KNOT Offshore Partners (KNOP) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
KNOT Offshore Partners reported Q3 2024 revenues of $76.3 million but faced a net loss of $3.8 million, despite strong fleet utilization at 98.8%. The company announced new charter agreements and highlighted optimism in the Brazilian offshore oil market, expecting robust demand to drive growth. As the largest shuttle tanker operator, KNOT aims to leverage market improvements for future value creation.
For further insights into KNOP stock, check out TipRanks’ Stock Analysis page.
