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KNOT Offshore Partners LP
KNOT Offshore Partners LP has entered into a share purchase agreement to sell 100% of its subsidiary, Knutsen Canadian Chartering AS, to KNOT Shuttle Tankers AS. The transaction is scheduled to close on August 31, 2026, with a cash payment of $24,454,845 to the seller after adjusting for the outstanding principal of the Hedda Facility and capitalized fees.…more
KNOT Offshore Partners LP
KNOT Offshore Partners reported total revenues of $96.8 million and a net income of $3.4 million for Q2 2026. The company successfully refinanced existing debt through a new $225 million senior secured credit facility on August 25 and acquired the vessel Hedda Knutsen for $113 million on September 1.…more
KNOT Offshore Partners LP
KNOT Offshore Partners LP has finalized the acquisition of the shuttle tanker 'Hedda Knutsen' for $113 million, with an initial cash outlay of approximately $24.4 million. Additionally, the company completed a $225 million senior secured credit facility on August 25 to refinance existing debt.…more
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KNOT Offshore Partners Q2 Earnings Miss Estimates Despite Revenue Beat
KNOT Offshore Partners reported Q2 revenue of $96.776 million, exceeding analyst estimates, but its EPS of $0.10 significantly missed the expected $0.23. Despite the year-over-year revenue growth, the decline in earnings compared to the previous year suggests underlying profitability challenges.…more
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KNOT Offshore Partners' subsidiary has agreed to acquire Knutsen Canadian Chartering AS, the owner of the shuttle tanker Hedda Knutsen, for $113 million. The initial cash outlay for the acquisition is approximately $24.4 million after accounting for outstanding debt.…more
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