KNOP Earnings Prediction
The chart below shows how KNOP performed 10 days before and after its earnings report, based on data from the past quarters. Typically, KNOP sees a +0.90% change in stock price 10 days leading up to the earnings, and a +1.26% change 10 days following the report. On the earnings day itself, the stock moves by +0.39%. This data can give you a slight idea of what to expect for the next quarter's release.
KNOP Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
76.29M
4.97%
2.52%
Gross Margin
23.58%
-20.93%
-8.28%
Operating Margin
21.64%
-23.61%
-9.08%
Net Margin
-4.95%
-128.46%
-71.34%
EPS
-0.15
-150.00%
-62.50%
No Data Available
KNOP Earnings Analysis
KNOT OFFSHORE PARTNERS LP Corporation (KNOP.N) Earnings Conference Call
Positive
Financial Performance Overview: Revenues were $76.3 million, operating income $17.2 million, and adjusted EBITDA was $45.1 million.
Available Liquidity Overview: We closed Q3 with $77 million in available liquidity, made up of $67 million in cash and cash equivalents plus $10 million in undrawn capacity on our credit facilities.
Vessel Utilization Efficiency: We operated with 98.8% utilization and the vessel time available for scheduled operations was not impacted by any planned dry docking.
Cash Distribution Announcement: Following the end of Q3, we declared a cash distribution of $0.026 per common unit, which was paid in early November.
Contracted Revenue Resilience: The partnership remains financially resilient with a strong contracted revenue position of $980 million at the end of Q3 on fixed contracts, which have averaged 2.8 years in duration.
Negative
Financial Performance Overview: Revenues were $76.3 million, operating income $17.2 million, and there was a net loss of $3.8 million.
Decline in Adjusted EBITDA: Adjusted EBITDA was $45.1 million, indicating a decline in profitability.
Cash Distribution Decline: The company declared a cash distribution of $0.026 per common unit, reflecting reduced cash flow availability.
Increased Operating Expenses: Operating expenses increased due to higher costs of crewing and supplies, impacting overall profitability.
Market Uncertainty Impact: The company faced significant uncertainty regarding future market conditions, which may affect financial performance.
KNOP FAQs
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KNOP Earning Call Sentiment
KNOT Offshore Partners LP (KNOP) Q3 2024 Earnings Call Transcript
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KNOP.N
-0.18%Positive
The earnings call summary provides a mixed picture. Basic financial performance and market strategy show stability, with strong contracted revenue and positive market conditions. However, the absence of a share buyback plan and a slight increase in debt liabilities are concerns. The Q&A section reveals some uncertainties, particularly regarding operational expenses and insurance recoveries. Overall, the sentiment is neutral, as strong financial metrics are offset by risk factors and the lack of a clear shareholder return plan.