KNOP

Quarterly Distribution Announcement: KNOT Offshore Partners LP has declared a quarterly cash distribution of US$ 0.026 per common unit for the quarter ending March 31, 2025, to be paid on May 8, 2025, to unitholders of record as of April 28, 2025.

Company Overview: KNOT Offshore Partners LP operates shuttle tankers under long-term charters in offshore oil production areas and is structured as a publicly traded master limited partnership, classified as a corporation for U.S. tax purposes.

Dividend Announcement: KNOT Offshore Partners has declared a quarterly dividend of $0.026 per share, with a forward yield of 1.6%, payable on May 8 to shareholders of record as of April 28.

Company Prospects: Despite a decent quarterly performance, KNOT Offshore's future prospects remain uncertain, although the company is targeting an $870 million contracted revenue pipeline through new vessel acquisitions.

Levi Strauss Earnings Report: Levi Strauss & Co. shares surged 10.7% in pre-market trading after reporting better-than-expected first-quarter earnings of 38 cents per share, surpassing the analyst estimate of 28 cents. The company maintained its 2025 guidance while reflecting its Dockers business as discontinued.

Pre-Market Stock Movements: Several stocks experienced significant movements in pre-market trading, with SaverOne 2014 Ltd. and Galaxy Payroll Group Limited rising over 100%, while Karyopharm Therapeutics Inc. and Bluejay Diagnostics, Inc. saw declines of over 45%.

Board of Directors Change: KNOT Offshore Partners LP announced the appointment of Mr. Masami Okubo to its Board of Directors, effective April 1, 2025, replacing Mr. Yasuhiro Fukuda. Both are employees of Nippon Yusen Kabushiki Kaisha (NYK).

Company Overview: KNOT Offshore Partners LP operates shuttle tankers under long-term charters in offshore oil production areas and is publicly traded on the NYSE under the symbol "KNOP".

Stock Performance and Analyst Recommendation: KNOT Offshore Partners' stock rose 8.4% to a seven-month high after Fearnley Securities initiated coverage with a Buy recommendation and a price target of $12.70, highlighting potential for increased dividends.

Financial Outlook: The company has a strong backlog ensuring significant cash flow for distributions, with analysts predicting a potential dividend increase in Q2 that could exceed current distributions by over 13 times, positively impacting unit pricing.

Genesis Energy and KNOT Offshore Partners: Both stocks in the energy sector are showing overbought signals, with Genesis Energy's RSI at 80.6 and KNOT Offshore Partners at 82.7, indicating potential caution for momentum-focused investors.

Recent Performance: Genesis Energy saw a stock price increase of 25% over the past month, closing at $15.05 after an upgrade from Wells Fargo, while KNOT Offshore Partners also gained 25%, closing at $6.32 following strong Q4 sales results.

Financial Performance: KNOT Offshore Partners reported Q4 2024 revenues of $91.3 million and net income of $23.3 million, with a cash distribution of $0.026 per common unit declared. The company also highlighted strong contracted revenue of $870 million and improved liquidity of $90 million.

Strategic Developments: The acquisition of the Live Knutsen vessel is expected to enhance revenue starting Q2 2025, while management remains focused on addressing open charter periods and refinancing debt, amidst cautious optimism from analysts regarding cash flow and distribution increases.

Financial Performance: KNOT Offshore Partners reported a Q4 profit of $23.2 million, reversing a loss from the previous year, with revenues increasing to $91.2 million and a fleet utilization rate of 98.3%. For the full year, the company achieved a profit of $14.1 million compared to a loss in 2023.

Market Outlook: The company secured significant charter coverage for 2025 and 2026, and expects continued improvement in Brazil's offshore oil market due to high production levels and demand, while noting that the North Sea market is slower to recover.

Financial Performance: KNOT Offshore Partners LP reported total revenues of $91.3 million and a net income of $23.3 million for Q4 2024, with a fleet utilization rate of 98.3% and available liquidity of $90.4 million as of December 31, 2024.

Market Outlook: The partnership anticipates favorable conditions in the shuttle tanker market, particularly in Brazil, driven by increasing oil production and limited newbuild orders, while maintaining a focus on securing long-term charters and enhancing cash flow stability.

Major Earnings Reports: Key companies expected to report earnings before the market opens on Thursday include Accenture, Baozun, Darden Restaurants, Jabil, and PDD Holdings.

Additional Earnings Releases: Other companies scheduled to release their earnings prior to Thursday's opening include ADAP, ASO, AUTL, CAL, CMC, DBI, FDS, HTHT, IFRX, KNOP, RMTI, TITN, VEON, and XXII.

Financial Performance: KNOT Offshore Partners reported Q4 revenue of $91.26 million, a 25% increase year-over-year, exceeding expectations by $14.76 million, with a net income of $23.3 million and adjusted EBITDA of $63.1 million.

Liquidity Position: As of December 31, 2024, the company had $90.4 million in available liquidity, consisting of $66.9 million in cash and cash equivalents and $23.5 million from an undrawn revolving credit facility.

Upcoming Earnings Reports: The week of March 17 to March 21 will feature earnings reports from various companies, including NIO, XPeng, FedEx, General Mills, and Micron Technology, providing insights into sectors like electric vehicles, technology, consumer goods, and shipping.

Market Expectations: Analysts have mixed expectations for these companies, with XPeng and NIO showing strong delivery growth but facing profitability concerns, while FedEx is under scrutiny after lowering its annual forecast, and Micron is highlighted as a key player in the AI semiconductor sector.

Transaction Overview: KNOT Offshore Partners LP announced a vessel transaction involving the acquisition of the shuttle tanker Live Knutsen for $100 million and the sale of Dan Sabia for $25.75 million, resulting in a net payment of $1.21 million from the Partnership to KNOT, with completion expected on February 28, 2025.

Strategic Benefits: The CEO highlighted that this vessel swap enhances the fleet's quality and age, secures long-term employment with reliable counterparties, and aims to create stable cash flows for unitholders without requiring new funding.

Financial Results Announcement: KNOT Offshore Partners LP plans to release its 4th Quarter 2024 financial results on March 20, 2025, before market opening and will host a conference call at 9:30 AM (ET) to discuss the results.

Accessing the Conference Call: Interested parties can join the live conference call via webcast or by phone, with a recording available until March 27, 2024.

Quarterly Distribution Announcement: KNOT Offshore Partners LP has declared a quarterly cash distribution of US$ 0.026 per common unit for the quarter ended December 31, 2024, to be paid on February 6, 2025, to unitholders recorded by January 27, 2025.

Company Overview: KNOT Offshore Partners LP operates shuttle tankers under long-term charters in offshore oil production areas and is structured as a publicly traded master limited partnership, issuing Form 1099 to its unitholders.

Earnings Call Overview: KNOT Offshore Partners LP held its Q3 2024 earnings conference call on December 5, 2024, led by CEO and CFO Derek Lowe, where they discussed the partnership's financial performance and provided guidance on forward-looking statements.

Forward-Looking Statements: The presentation included caution regarding forward-looking statements, emphasizing that actual results may differ due to various risks and uncertainties beyond the company's control.

Financial Performance: KNOT Offshore Partners LP reported total revenues of $76.3 million and a net loss of $3.8 million for Q3 2024, with an Adjusted EBITDA of $45.1 million and a fleet utilization rate of 98.8%.

Operational Developments: The partnership declared cash distributions to common and preferred unit holders, secured new charters extending operations until 2028, and anticipates a favorable market outlook driven by increasing demand in Brazil's offshore oil sector.

Financial Results Announcement: KNOT Offshore Partners LP will release its Q3 2024 financial results on December 5, 2024, before market opening and will host a conference call at 9:30 AM ET to discuss these results.

Access Information: Interested parties can listen to the conference call via webcast or by phone, with a recording available until December 12, 2024.

Quarterly Cash Distribution Announcement: KNOT Offshore Partners LP has declared a quarterly cash distribution of US$ 0.026 per common unit for the quarter ending September 30, 2024, to be paid on November 7, 2024, to unitholders of record by October 28, 2024.

Company Overview: KNOT Offshore Partners LP operates shuttle tankers under long-term charters in offshore oil production areas and is publicly traded on the NYSE under the symbol "KNOP," classified as a corporation for U.S. federal tax purposes.

Q2 2024 Financial Performance: KNOT Offshore Partners reported revenues of $74.4 million and a net loss of $12.9 million for Q2 2024, primarily due to vessel impairments; however, excluding these impairments, the operating income would have been $17.7 million with a net income of $3.5 million. The company ended the quarter with $66 million in available liquidity and maintained a high vessel utilization rate of 98.8%.

Market Developments and Outlook: The company secured new contracts and extensions in both the Brazilian and North Sea markets, including significant long-term agreements with Shell and TotalEnergies. The outlook remains positive with anticipated growth in shuttle tanker demand driven by new production fields, despite challenges in the North Sea market.