KNOT Offshore Partners LP Files 6-K for Q2 2024

TL;DR

KNOT Offshore Partners LP filed their Q2 2024 6-K, check financials for water transport update.

AI Summary

KNOT Offshore Partners LP filed a 6-K report for the period ending June 30, 2024. The filing includes financial data and details related to their operations in water transportation. Specific financial figures and operational details are not fully elaborated in the provided text, but it pertains to their second quarter performance.

Why It Matters

This filing provides investors with an update on KNOT Offshore Partners LP's financial performance and operational status for the second quarter of 2024, crucial for assessing the company's health and future prospects.

Risk Assessment

Risk Level: medium — The filing is a routine 6-K, but the lack of detailed financial summaries in the provided text makes a precise risk assessment difficult without further context.

Key Numbers

• 20240630 — Reporting Period End Date (Indicates the end of the financial period covered by the report.)

Key Players & Entities

• KNOT Offshore Partners LP (company) — Filer of the 6-K report

FAQ

Filing Documents

• knop-20240630x6k.htm (6-K) — 2312KB
• knop-20240630xex4d1.htm (EX-4.1) — 231KB
• knop-20240630xex4d2.htm (EX-4.2) — 214KB
• knop-20240630xex4d3.htm (EX-4.3) — 20KB
• 0001104659-24-100830.txt ( ) — 11465KB
• knop-20240630.xsd (EX-101.SCH) — 84KB
• knop-20240630_cal.xml (EX-101.CAL) — 64KB
• knop-20240630_def.xml (EX-101.DEF) — 335KB
• knop-20240630_lab.xml (EX-101.LAB) — 590KB
• knop-20240630_pre.xml (EX-101.PRE) — 503KB
• knop-20240630x6k_htm.xml (XML) — 2436KB

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 28

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS 40 EXHIBITS 43 SIGNATURE 44 THIS REPORT ON FORM 6-K IS HEREBY INCORPORATED BY REFERENCE INTO THE FOLLOWING REGISTRATION STATEMENT: FORM F-3 (NO. 333-274460) ORIGINALLY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ("SEC") ON SEPTEMBER 11, 2023. 2 Table of Contents Unaudited Condensed Consolidated Statements of Operations For the Three and Six Months Ended June 30, 2024 and 2023 (U.S. Dollars in thousands, except per unit amounts) Three Months Ended Six Months Ended June 30, June 30, (U.S. Dollars in thousands) 2024 2023 2024 2023 Operating revenues: (Notes 3 and 4) Time charter and bareboat revenues $ 73,437 $ 69,924 $ 146,799 $ 132,857 Voyage revenues 351 1,585 3,066 8,839 Loss of hire insurance recoveries (Note 5) 78 1,424 78 2,335 Other income 554 891 1,109 973 Total revenues 74,420 73,824 151,052 145,004 Operating expenses: Vessel operating expenses 26,952 25,287 52,861 44,730 Voyage expenses and commission 584 159 2,219 4,855 Depreciation 27,748 28,107 55,490 55,836 Impairment (Note 19) 16,384 49,649 16,384 49,649 General and administrative expenses 1,426 1,838 3,063 3,488 Total operating expenses 73,094 105,040 130,017 158,558 Operating income (loss) 1,326 ( 31,216 ) 21,035 ( 13,554 ) Finance income (expense): (Note 6) Interest income 897 861 1,725 1,544 Interest expense (Note 6) ( 16,863 ) ( 18,107 ) ( 34,328 ) ( 35,476 ) Other finance income (expense) (Note 6) 177 ( 112 ) ( 92 ) ( 184 ) Realized and unrealized gain (loss) on derivative instruments (Note 7) 1,797 8,124 6,799 5,814 Net gain (loss) on foreign currency transactions 28 109 ( 198 ) ( 27 ) Total finance expense ( 13,964 ) ( 9,125 ) ( 26,094 ) ( 28,329 ) Income (loss) before income taxes ( 12,638 ) ( 40,341 ) ( 5,059 ) ( 41,883 ) Income tax benefit (expense)

View Full Filing

View this 6-K filing on SEC EDGAR