Sign in

    James Altschul • Aviation Advisory Service

    James Altschul's questions to Knot Offshore Partners LP (KNOP) leadership

    James Altschul's questions to Knot Offshore Partners LP (KNOP) leadership • Q1 2025

    Question

    James Altschul questioned the financial impact of expiring interest rate hedges and asked for clarification on the portion of long-term debt covered by these swaps.

    Answer

    CEO and CFO Derek Lowe explained that the company places new hedges on a rolling basis and did not provide a direct bottom-line impact figure. He directed Mr. Altschul to the earnings release for details on debt coverage, noting the total debt is $948 million, and sale and leaseback facilities are on fixed rates.

    Ask Fintool Equity Research AI

    James Altschul's questions to Knot Offshore Partners LP (KNOP) leadership • Q3 2024

    Question

    James Altschul inquired if current market charter rates were lower than in previous years and asked about the specific factors driving the year-over-year increase in operating expenses.

    Answer

    CEO & CFO Derek Lowe clarified that market conditions have been strengthening, meaning more recent charter rates are typically higher, not lower. Regarding operating expenses, he attributed the increase to general inflation, specifically citing higher costs for crewing, crew travel, and vessel supplies.

    Ask Fintool Equity Research AI

    James Altschul's questions to Knot Offshore Partners LP (KNOP) leadership • Q2 2024

    Question

    James Altschul questioned the notification deadline for the charterer's option on the Carmen Knutsen and requested a summary of the company's current interest rate swap arrangements, including sizes and upcoming maturities.

    Answer

    CEO and CFO Derek Lowe indicated the notification deadline for the Carmen Knutsen option is late in the year, with a period that can be as short as 30 days. Regarding swaps, he noted the company has several layered arrangements with an average fixed rate just under 2% and an average maturity of 1.4 years, directing investors to SEC filings for detailed figures.

    Ask Fintool Equity Research AI