Robert Silvera's questions to Knot Offshore Partners LP (KNOP) leadership • Q1 2025
Question
Robert Silvera inquired about the reasons for the approximate $50 million increase in long-term debt during the quarter and expressed hope for a future dividend increase.
Answer
CEO and CFO Derek Lowe explained the debt increase was primarily due to assuming $73 million in debt from the Live Knutsen vessel swap. He highlighted that the net increase was only $47 million, demonstrating the company's significant debt paydown rate of about $90 million per year. He did not comment directly on the dividend.