Liam Burke

James Altschul

Charles Fratt

Climent Molins

Mario Epelbaum

Pavel Oliva

Charles 'Poe' Fratt

Fredrik

- KNOT Offshore Partners LP (KNOP) announced a **quarterly cash distribution** for the third quarter ended September 30, 2025.  **[1564180_a91d3fe183d74924b06105cf27c458da_0]** 
- The distribution amount is **US$ 0.026 per common unit**.  **[1564180_a91d3fe183d74924b06105cf27c458da_0]** 
- This cash distribution will be paid on **November 6, 2025**, to unitholders of record as of **October 27, 2025**.  **[1564180_a91d3fe183d74924b06105cf27c458da_0]** 
- The Partnership's strategy includes accretive investment in its fleet and maintaining a long-term, sustainable distribution.  **[1564180_a91d3fe183d74924b06105cf27c458da_0]**

KNOT Offshore Partners LP Announces Q3 2025 Cash Distribution

- KNOT Offshore Partners LP reported a significant financial turnaround, achieving **net income of $6.8 million** for the three months ended June 30, 2025, compared to a **net loss of $12.9 million** in the prior-year period, with **basic earnings per common unitholder of $0.15**.  **[1564180_0001104659-25-094189_knop-20250630x6k.htm:24]** **[1564180_0001104659-25-094189_knop-20250630x6k.htm:36]** 
- **Time charter and bareboat revenues increased by 17%** to **$85.9 million** for the three months ended June 30, 2025, primarily due to the inclusion of the _Tuva Knutsen_ and _Live Knutsen_ in the fleet.  **[1564180_0001104659-25-094189_knop-20250630x6k.htm:36]** **[1564180_0001104659-25-094189_knop-20250630x6k.htm:39]** 
- The Partnership engaged in strategic asset movements, including the acquisition of the _Live Knutsen_ and the sale of the _Dan Sabia_ on March 3, 2025, which resulted in a **net gain of $1.3 million** from asset disposal.  **[1564180_0001104659-25-094189_knop-20250630x6k.htm:22]** **[1564180_0001104659-25-094189_knop-20250630x6k.htm:39]** 
- Subsequent to the quarter, the company refinanced a **$25 million** revolving credit facility and completed a sale and leaseback agreement for the _Tove Knutsen_, which generated **$32 million** in net proceeds.  **[1564180_0001104659-25-094189_knop-20250630x6k.htm:36]**

KNOT Offshore Partners LP Reports Q2 2025 Net Income Turnaround and Revenue Growth

- KNOT Offshore Partners reported **Q2 2025 revenues of $87.1 million**, **operating income of $22.2 million**, **net income of $6.8 million**, and **Adjusted EBITDA of $51.6 million**.  **[1564180_2159114_1]** **[1564180_2159114_2]** 
- The company achieved **96.8% overall utilization** and held **$104 million in available liquidity** as of June 30, 2025.  **[1564180_2159114_1]** **[1564180_2159114_2]** 
- Subsequent to quarter-end, the partnership refinanced the **Toba Connexion** through a sale and leaseback, netting **$32 million** in cash, and acquired the **Dakin Connexion** for **$95 million**, which is on time charter until July 2027.  **[1564180_2159114_1]** **[1564180_2159114_2]** 
- A **$10 million unit buyback program** was initiated, with **226,000 common units** repurchased at an average price of **$7.24 per common unit**.  **[1564180_2159114_1]** **[1564180_2159114_2]** 
- The fixed contract backlog was extended to **$895 million** as of June 30, 2025, with **89% of vessel time in 2026** covered by fixed contracts.  **[1564180_2159114_2]** **[1564180_2159114_3]**

KNOT Offshore Partners Reports Q2 2025 Results, Refinances Vessel, and Initiates Unit Buyback

- **KNOT Offshore Partners** reported **Q2 2025 revenues of $87.1 million**, **operating income of $22.2 million**, **net income of $6.8 million**, and **Adjusted EBITDA of $51.6 million**.  **[1564180_2158969:4]** 
- The company's available liquidity stood at **$104.8 million** as of June 30, 2025, an increase of **$4.0 million** since March 31, 2025.  **[1564180_2158969:4]**  Subsequent to quarter-end, KNOP assumed **$71 million** of debt with the acquisition of the Daqing Knutsen and completed the refinancing of the Tove Knutsen, generating **$32 million** in net proceeds.  **[1564180_2158969:5]** **[1564180_2158969:14]** 
- Key operational developments include **100% fleet utilization** (96.8% overall)  **[1564180_2158969:4]**  and the acquisition of the **Daqing Knutsen** on July 2, 2025, for a net cash cost of **$24.8 million**, which is chartered through July 2027 with a guaranteed hire rate until 2032.  **[1564180_2158969:4]** **[1564180_2158969:5]** 
- KNOP extended charters for the **Raquel Knutsen** (three years until June 2028), **Hilda Knutsen** (up to March 2027), and **Bodil Knutsen** (to March 2029 with options).  **[1564180_2158969:4]** **[1564180_2158969:5]**  The company also initiated a **$10 million common unit buyback program** on July 2, 2025, repurchasing **226k units** for **$1.64 million** by September 25, 2025.  **[1564180_2158969:5]**  A cash distribution of **$0.026 per common unit** for Q2 2025 was paid in August 2025.  **[1564180_2158969:4]**

KNOT Offshore Partners Announces Q2 2025 Results and Strategic Developments

- KNOT Offshore Partners LP reported **total revenues of $87.1 million**, **operating income of $22.2 million**, and **net income of $6.8 million** for the three months ended June 30, 2025.  **[1564180_0001104659-25-093354_knop-20250925xex99d1.htm:0]** 
- The Partnership generated **Adjusted EBITDA of $51.6 million** and had **$104.8 million in available liquidity** as of June 30, 2025.  **[1564180_0001104659-25-093354_knop-20250925xex99d1.htm:0]** 
- Fleet utilization for scheduled operations was **100%** in Q2 2025, and **96.8%** when including scheduled drydockings.  **[1564180_0001104659-25-093354_knop-20250925xex99d1.htm:0]** 
- On July 2, 2025, the Partnership acquired the **Daqing Knutsen** shuttle tanker for **$95 million** and declared a quarterly cash distribution of **$0.026 per common unit** for Q2 2025.  **[1564180_0001104659-25-093354_knop-20250925xex99d1.htm:0]** 
- The Board approved a **$10 million common unit buyback program**, under which **226,374 common units** were repurchased for **$1.64 million** at an average price of **$7.24 per unit** through September 25, 2025.  **[1564180_0001104659-25-093354_knop-20250925xex99d1.htm:0]** **[1564180_0001104659-25-093354_knop-20250925xex99d1.htm:6]**

KNOT Offshore Partners (KNOP)