KNOT Offshore Partners LP(NYSE:KNOP)
KNOT Offshore Partners LP owns and operates shuttle tankers under long-term charters in the North Sea and Brazil. The company provides loading, transportation, and storage of crude oil under time charters and bareboat charters. As of March 18, 2021, it operated a fleet of seventeen shuttle tankers. ...
Website: http://www.knotoffshorepartners.com
Full Time Employees: 1
Sector: Industrials
Industry: Marine Shipping
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Quarterly
Annual
| Unit: USD | 2025-12-04 | 2025-09-25 | 2025-06-30 | 2025-05-20 | 2025-03-19 | 2024-12-31 | 2024-12-04 | 2024-09-03 | 2024-06-30 | 2024-05-22 | 2024-02-26 | 2023-12-31 | 2023-12-13 | 2023-08-30 | 2023-06-30 | 2023-05-25 | 2023-03-14 | 2022-12-31 | 2022-11-29 | 2022-08-24 | 2022-06-30 | 2022-05-11 | 2022-03-09 | 2021-12-31 | 2021-12-02 | 2021-11-17 | 2021-08-26 | 2021-06-30 | 2021-05-12 | 2021-03-10 | 2020-12-31 | 2020-11-18 | 2020-08-26 | 2020-06-30 | 2020-05-27 | 2020-03-11 | 2019-11-20 | 2019-08-28 | 2019-06-30 | 2019-05-23 | 2019-03-13 | 2018-11-26 | 2018-09-04 | 2018-06-30 | 2018-06-06 | 2018-02-20 | 2017-12-31 | 2017-11-03 | 2017-09-30 | 2017-08-09 | 2017-06-30 | 2017-05-16 | 2017-02-14 | 2016-12-31 | 2016-11-01 | 2016-09-30 | 2016-08-10 | 2016-06-30 | 2016-05-11 | 2016-02-18 | 2015-12-31 | 2015-05-07 | 2015-02-17 | 2014-12-31 | 2013-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
time charter and bareboat revenues | 96,329,000 | 85,920,000 | 85,920,000 | 82,991,000 | 84,434,000 | 84,434,000 | 75,682,000 | 73,437,000 | 73,437,000 | 73,362,000 | 72,039,000 | 72,039,000 | 72,188,000 | 69,924,000 | 69,924,000 | 62,933,000 | 66,000 | 262,601,000 | 67,000 | 63,000 | 63,788,000 | 65,187,000 | 70,637,000 | 70,636,000 | 66,559,000 | 66,559,000 | 66,513,000 | 66,513,000 | 65,598,000 | 69,864,000 | 69,864,000 | 71,241,000 | 70,250,000 | 70,250,000 | 67,226,000 | 70,063,000 | 70,983,000 | 70,908,000 | 70,908,000 | 70,548,000 | 70,878,000 | 70,706,000 | 69,221,000 | 67,386,000 | 59,247,000 | 59,246,000 | 57,970,000 | 57,970,000 | 51,537,000 | 51,537,000 | 43,747,000 | 44,798,000 | 44,798,000 | 43,390,000 | 43,390,000 | 42,864,000 | 42,864,000 | 41,826,000 | 42,417,000 | 36,071,000 | 34,247,000 | ||||
voyage revenues | 466,000 | 438,000 | 438,000 | 124,000 | 351,000 | 351,000 | 2,715,000 | 10,000 | 1,585,000 | 1,585,000 | 7,254,000 | 4,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
loss of hire insurance recoveries | 607,000 | 607,000 | 5,892,000 | 5,892,000 | 78,000 | 78,000 | 505,000 | 505,000 | 1,424,000 | 1,424,000 | 911,000 | 758,000 | 1,154,000 | 1,154,000 | 17,000 | 17,000 | 4,397,000 | 4,397,000 | 5,882,000 | 450,000 | 450,000 | 1,750,000 | 1,750,000 | 2,276,000 | 2,276,000 | 1,150,000 | |||||||||||||||||||||||||||||||||||||||
other income | 538,000 | 533,000 | 533,000 | 572,000 | 491,000 | 491,000 | 486,000 | 554,000 | 554,000 | 555,000 | 485,000 | 485,000 | 485,000 | 891,000 | 891,000 | 82,000 | 83,000 | 83,000 | 78,000 | 171,000 | 171,000 | 9,000 | 342,000 | 342,000 | 3,000 | 3,000 | 27,000 | 27,000 | 1,000 | -5,000 | -5,000 | 39,000 | 9,000 | 9,000 | 598,000 | 18,000 | 26,000 | 14,000 | 14,000 | 1,000 | 53,000 | 12,000 | 94,000 | 94,000 | 655,000 | 592,000 | 592,000 | 247,000 | 247,000 | 593,000 | 593,000 | 95,000 | 197,000 | 197,000 | 197,000 | 197,000 | 199,000 | 199,000 | 200,000 | 120,000 | 149,000 | 18,000 | |||
total revenues | 96,867,000 | 87,060,000 | 87,060,000 | 84,029,000 | 91,255,000 | 91,255,000 | 76,292,000 | 74,420,000 | 74,420,000 | 76,632,000 | 73,029,000 | 73,029,000 | 72,683,000 | 73,824,000 | 73,824,000 | 71,180,000 | 71,000 | 268,389,000 | 67,000 | 63,000 | 63,959,000 | 65,196,000 | 72,133,000 | 52,249,250 | 66,579,000 | 66,579,000 | 70,937,000 | 70,937,000 | 71,481,000 | 69,859,000 | 69,859,000 | 71,280,000 | 70,259,000 | 70,259,000 | 67,824,000 | 70,081,000 | 71,009,000 | 70,922,000 | 70,549,000 | 70,931,000 | 70,718,000 | 69,765,000 | 69,765,000 | 68,041,000 | 61,589,000 | 61,588,000 | 58,217,000 | 58,217,000 | 54,406,000 | 54,406,000 | 44,992,000 | 44,995,000 | 44,995,000 | 43,587,000 | 43,587,000 | 43,063,000 | 43,063,000 | 42,026,000 | 42,537,000 | 36,220,000 | 34,265,000 | ||||
yoy | 6.15% | -4.60% | 14.11% | 12.91% | 22.62% | 19.08% | 4.47% | 1.90% | 2.39% | 3.80% | -1.08% | 2.60% | 102270.42% | -72.49% | 110085.07% | 112884.13% | -99.89% | 311.66% | -99.91% | -99.88% | -3.94% | -2.08% | 1.69% | -26.34% | -6.86% | -4.70% | 1.54% | -0.48% | 1.74% | -0.57% | 3.00% | 1.71% | -1.06% | -0.93% | -0.66% | 0.11% | 0.29% | 1.12% | 4.25% | 14.82% | 13.28% | 19.84% | 16.87% | 13.20% | 13.20% | 29.39% | 29.39% | 20.92% | 24.82% | 3.22% | 4.49% | 4.49% | 3.71% | 2.47% | 18.89% | 22.65% | |||||||||
qoq | 11.26% | 0.00% | 3.61% | -7.92% | 0.00% | 19.61% | 2.52% | 0.00% | -2.89% | 4.93% | 0.00% | 0.48% | -1.55% | 0.00% | 3.71% | 100153.52% | -99.97% | 400480.60% | 6.35% | -99.90% | -1.90% | -9.62% | 38.06% | -21.52% | 0.00% | -6.14% | 0.00% | -0.76% | 2.32% | 0.00% | -1.99% | 1.45% | 0.00% | 3.59% | -3.22% | -1.31% | 0.12% | -0.54% | 0.30% | 1.37% | 0.00% | 2.53% | 10.48% | 0.00% | 5.79% | 0.00% | 7.00% | 0.00% | 20.92% | -0.01% | 0.00% | 3.23% | 0.00% | 1.22% | 0.00% | 2.47% | -1.20% | 5.71% | |||||||
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gain from disposal of vessel | 1,342,000 | 703,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
vessel operating expenses | 33,724,000 | 33,005,000 | 33,005,000 | 30,609,000 | 26,205,000 | 26,205,000 | 29,453,000 | 26,952,000 | 26,952,000 | 25,909,000 | 25,457,000 | 25,457,000 | 23,164,000 | 25,287,000 | 25,287,000 | 19,443,000 | 19,000 | 85,966,000 | 23,000 | 23,000 | 23,024,000 | 20,061,000 | 18,501,000 | 18,501,000 | 17,659,000 | 17,659,000 | 17,394,000 | 17,394,000 | 18,560,000 | 15,565,000 | 15,565,000 | 16,694,000 | 13,112,000 | 13,112,000 | 15,634,000 | 15,401,000 | 14,971,000 | 15,301,000 | 15,301,000 | 14,456,000 | 14,221,000 | 15,289,000 | 13,974,000 | 13,974,000 | 13,247,000 | 15,172,000 | 15,172,000 | 11,828,000 | 11,828,000 | 9,427,000 | 9,427,000 | 10,282,000 | 7,693,000 | 7,693,000 | 7,588,000 | 7,588,000 | 7,975,000 | 7,975,000 | 7,647,000 | 7,636,000 | 6,807,000 | 7,601,000 | |||
voyage expenses and commission | 944,000 | 944,000 | 767,000 | 430,000 | 430,000 | 951,000 | 584,000 | 584,000 | 1,635,000 | 306,000 | 306,000 | 375,000 | 159,000 | 159,000 | 4,696,000 | 2,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
depreciation | 30,940,000 | 29,372,000 | 29,372,000 | 28,763,000 | 28,425,000 | 28,425,000 | 27,902,000 | 27,748,000 | 27,748,000 | 27,742,000 | 27,594,000 | 27,594,000 | 27,472,000 | 28,107,000 | 28,107,000 | 27,729,000 | 27,000 | 107,340,000 | 27,000 | 26,000 | 26,059,000 | 25,937,000 | 25,974,000 | 25,974,000 | 26,070,000 | 26,070,000 | 23,831,000 | 23,831,000 | 23,684,000 | 22,466,000 | 22,466,000 | 22,453,000 | 22,451,000 | 22,451,000 | 22,373,000 | 22,554,000 | 22,430,000 | 22,429,000 | 22,429,000 | 22,431,000 | 22,450,000 | 22,400,000 | 22,332,000 | 22,332,000 | 21,574,000 | 20,079,000 | 20,078,000 | 18,379,000 | 18,379,000 | 17,372,000 | 17,372,000 | 15,753,000 | 14,505,000 | 14,505,000 | 13,920,000 | 13,920,000 | 13,913,000 | 13,913,000 | 13,892,000 | 13,464,000 | 11,400,000 | ||||
impairment | 16,384,000 | 16,384,000 | 49,649,000 | 49,649,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
general and administrative expenses | 1,540,000 | 1,555,000 | 1,555,000 | 1,796,000 | 1,530,000 | 1,529,000 | 1,475,000 | 1,426,000 | 1,426,000 | 1,637,000 | 1,571,000 | 1,571,000 | 1,083,000 | 1,838,000 | 1,838,000 | 1,650,000 | 1,000 | 6,094,000 | 1,000 | 1,000 | 1,428,000 | 1,698,000 | 1,633,000 | 1,632,000 | 1,716,000 | 1,716,000 | 1,492,000 | 1,492,000 | 1,621,000 | 1,410,000 | 1,410,000 | 1,258,000 | 1,337,000 | 1,337,000 | 1,387,000 | 1,105,000 | 1,190,000 | 1,264,000 | 1,264,000 | 1,298,000 | 1,289,000 | 1,307,000 | 1,350,000 | 1,350,000 | 1,345,000 | 1,308,000 | 1,308,000 | 1,285,000 | 1,285,000 | 1,493,000 | 1,493,000 | 1,469,000 | 1,207,000 | 1,207,000 | 908,000 | 908,000 | 948,000 | 948,000 | 1,308,000 | 1,058,000 | 1,068,000 | 987,000 | |||
total operating expenses | 66,204,000 | 64,876,000 | 64,876,000 | 61,935,000 | 56,590,000 | 56,589,000 | 59,781,000 | 73,094,000 | 73,094,000 | 56,923,000 | 54,928,000 | 54,928,000 | 52,094,000 | 105,040,000 | 105,040,000 | 53,518,000 | 52,000 | 202,213,000 | 52,000 | 50,000 | 50,511,000 | 47,696,000 | 46,108,000 | 46,107,000 | 45,445,000 | 45,445,000 | 72,138,000 | 72,138,000 | 43,865,000 | 39,441,000 | 39,441,000 | 40,405,000 | 36,900,000 | 36,900,000 | 39,394,000 | 39,060,000 | 38,591,000 | 38,994,000 | 38,185,000 | 37,960,000 | 38,996,000 | 37,656,000 | 37,656,000 | 36,166,000 | 36,559,000 | 36,558,000 | 31,492,000 | 31,492,000 | 28,292,000 | 28,292,000 | 27,504,000 | 23,405,000 | 23,405,000 | 22,416,000 | 22,416,000 | 22,836,000 | 22,836,000 | 22,847,000 | 22,158,000 | 19,275,000 | 18,789,000 | ||||
operating income | 30,663,000 | 22,184,000 | 22,184,000 | 23,436,000 | 34,665,000 | 34,666,000 | 17,214,000 | 1,326,000 | 1,326,000 | 19,709,000 | 18,101,000 | 18,101,000 | 20,589,000 | -31,216,000 | -31,216,000 | 17,662,000 | 19,000 | 66,176,000 | 15,000 | 13,000 | 13,448,000 | 17,500,000 | 26,025,000 | 26,025,000 | 21,134,000 | 21,134,000 | -1,201,000 | -1,201,000 | 27,616,000 | 30,418,000 | 30,418,000 | 30,875,000 | 33,359,000 | 33,359,000 | 28,430,000 | 31,021,000 | 32,418,000 | 31,928,000 | 32,364,000 | 32,971,000 | 31,722,000 | 32,109,000 | 32,109,000 | 31,875,000 | 25,030,000 | 25,030,000 | 26,725,000 | 26,725,000 | 26,114,000 | 26,114,000 | 17,488,000 | 21,590,000 | 21,590,000 | 21,171,000 | 21,171,000 | 20,227,000 | 20,227,000 | 19,179,000 | 20,379,000 | 16,945,000 | 15,476,000 | ||||
yoy | -11.54% | -36.01% | 28.87% | 1667.42% | 2514.25% | 75.89% | -4.90% | -92.67% | -93.56% | -163.14% | -157.99% | 2.49% | 108263.16% | -147.17% | -208206.67% | 135761.54% | -99.86% | 278.15% | -99.94% | -99.95% | -36.37% | -17.20% | -2266.94% | -2266.94% | -23.47% | -30.52% | -103.95% | -103.89% | -17.22% | -8.82% | 6.99% | -0.47% | 2.90% | 4.48% | -4.15% | -1.68% | 0.65% | 0.79% | 3.44% | 26.74% | 28.28% | 20.15% | 19.27% | -4.15% | -4.15% | 52.82% | 23.78% | 20.95% | 23.35% | -17.40% | 6.74% | 6.74% | 10.39% | 3.89% | 19.37% | 23.93% | |||||||||
qoq | 38.22% | 0.00% | -5.34% | -32.39% | -0.00% | 101.38% | 1198.19% | 0.00% | -93.27% | 8.88% | 0.00% | -12.08% | -165.96% | 0.00% | -276.74% | 92857.89% | -99.97% | 441073.33% | 15.38% | -99.90% | -23.15% | -32.76% | 0.00% | 23.14% | 0.00% | -1859.70% | 0.00% | -104.35% | -9.21% | 0.00% | -1.48% | -7.45% | 0.00% | 17.34% | -8.35% | -4.31% | 1.53% | -1.84% | 3.94% | -1.21% | 0.00% | 0.73% | 27.35% | 0.00% | -6.34% | 0.00% | 2.34% | 0.00% | 49.33% | -19.00% | 0.00% | 1.98% | 0.00% | 4.67% | 0.00% | 5.46% | -5.89% | 9.49% | |||||||
operating margin % | 31.65% | 25.48% | 25.48% | 27.89% | 37.99% | 37.99% | 22.56% | 1.78% | 1.78% | 25.72% | 24.79% | 24.79% | 28.33% | -42.28% | -42.28% | 24.81% | 26.76% | 24.66% | 22.39% | 20.63% | 21.03% | 26.84% | 36.08% | 49.81% | 31.74% | 31.74% | -1.69% | -1.69% | 38.63% | 43.54% | 43.54% | 43.32% | 47.48% | 47.48% | 41.92% | 44.26% | 45.65% | 45.02% | NaN% | 45.87% | 46.48% | 44.86% | 46.02% | 46.02% | 46.85% | 40.64% | 40.64% | 45.91% | 45.91% | 48.00% | 48.00% | 38.87% | 47.98% | 47.98% | 48.57% | 48.57% | 46.97% | 46.97% | 45.64% | 47.91% | NaN% | 46.78% | 45.17% | ||
finance income: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest income | 832,000 | 903,000 | 903,000 | 748,000 | 1,055,000 | 1,054,000 | 857,000 | 897,000 | 897,000 | 828,000 | 992,000 | 992,000 | 932,000 | 861,000 | 861,000 | 683,000 | 472,000 | 472,000 | 289,000 | 59,000 | 59,000 | 2,000 | 2,000 | 2,000 | 4,000 | 4,000 | 3,000 | 3,000 | 118,000 | 169,000 | 225,000 | 233,000 | 233,000 | 238,000 | 247,000 | 196,000 | 161,000 | 161,000 | 136,000 | 101,000 | 101,000 | 68,000 | 68,000 | 44,000 | 44,000 | 36,000 | 15,000 | 15,000 | 6,000 | 6,000 | 2,000 | 5,000 | 1,000 | ||||||||||||
interest expense | -16,484,000 | -15,316,000 | -15,316,000 | -14,902,000 | -16,167,000 | -16,167,000 | -16,857,000 | -16,863,000 | -16,863,000 | -17,465,000 | -18,101,000 | -18,101,000 | -18,493,000 | -18,107,000 | -18,107,000 | -17,369,000 | -15,000 | -42,577,000 | -12,000 | -8,000 | -8,301,000 | -6,725,000 | -6,646,000 | -6,646,000 | -7,243,000 | -7,243,000 | -6,804,000 | -6,804,000 | -7,372,000 | -6,113,000 | -6,113,000 | -6,558,000 | -8,512,000 | -13,472,000 | -12,526,000 | -12,526,000 | -10,594,000 | -9,208,000 | -9,208,000 | -8,040,000 | -8,040,000 | -7,252,000 | -7,252,000 | -6,215,000 | -5,654,000 | -5,654,000 | -5,129,000 | -5,129,000 | -5,055,000 | -5,054,000 | -5,029,000 | -4,731,000 | -4,186,000 | -4,014,000 | |||||||||||
other finance expense | -147,000 | -152,000 | -87,000 | -269,000 | -176,000 | -176,000 | -228,000 | -112,000 | -112,000 | -72,000 | -103,000 | -103,000 | -213,000 | -103,000 | -103,000 | -209,000 | -337,000 | -337,000 | -265,000 | -265,000 | -250,000 | -250,000 | -159,000 | -203,000 | -203,000 | -195,000 | -199,000 | -406,000 | -288,000 | -288,000 | -337,000 | -450,000 | -450,000 | -327,000 | -327,000 | -328,000 | -328,000 | -302,000 | -395,000 | -395,000 | -315,000 | -315,000 | -334,000 | -334,000 | -267,000 | -326,000 | -20,000 | -96,000 | |||||||||||||||||
realized and unrealized gain on derivative instruments | 376,000 | -370,000 | -370,000 | -1,344,000 | 4,560,000 | 4,560,000 | -4,561,000 | 1,797,000 | 1,797,000 | 5,002,000 | -4,806,000 | -4,806,000 | 4,361,000 | 8,124,000 | 8,124,000 | -2,310,000 | 1,000 | 35,477,000 | 12,000 | 5,000 | 5,116,000 | 16,357,000 | 4,145,000 | 69,000 | -2,265,000 | -2,265,000 | 8,011,000 | 245,000 | 245,000 | 858,000 | -3,092,000 | 4,198,000 | 3,000,000 | 1,968,000 | 1,968,000 | 9,977,000 | 3,015,000 | 3,015,000 | 2,832,000 | 2,832,000 | -1,536,000 | -1,536,000 | 519,000 | 3,960,000 | 3,960,000 | 3,613,000 | 3,613,000 | -3,176,000 | -3,176,000 | -3,184,000 | 2,145,000 | -5,623,000 | 1,128,000 | ||||||||||||
net gain on foreign currency transactions | -87,000 | -267,000 | -267,000 | 374,000 | -772,000 | -773,000 | 28,000 | 28,000 | 28,000 | -226,000 | -224,000 | -224,000 | 14,000 | 109,000 | 109,000 | -136,000 | 81,000 | 81,000 | 237,000 | -165,000 | -165,000 | 67,000 | 61,000 | -61,000 | -144,000 | -144,000 | 48,000 | 257,000 | 257,000 | 97,000 | 127,000 | 127,000 | 91,000 | -100,000 | 260,000 | 260,000 | -330,000 | 128,000 | 128,000 | -176,000 | -176,000 | -124,000 | -124,000 | -94,000 | -35,000 | -35,000 | 13,000 | 13,000 | -82,000 | -35,000 | 30,000 | 72,000 | 68,000 | ||||||||||||
total finance expense | -15,510,000 | -15,249,000 | -13,964,000 | -9,125,000 | -3,394,000 | -2,777,000 | -7,498,000 | -9,463,000 | -5,810,000 | -5,810,000 | -5,798,000 | -11,673,000 | -10,782,000 | -10,425,000 | -10,425,000 | -1,148,000 | -6,414,000 | -6,414,000 | -5,643,000 | -5,643,000 | -9,196,000 | -9,196,000 | -6,056,000 | -2,109,000 | -2,109,000 | -1,812,000 | -1,812,000 | -8,646,000 | -8,646,000 | -8,513,000 | -2,877,000 | -9,756,000 | -2,914,000 | ||||||||||||||||||||||||||||||||
income before income taxes | 15,153,000 | 6,935,000 | 6,935,000 | 8,160,000 | 23,254,000 | 23,253,000 | -3,498,000 | -12,638,000 | -12,638,000 | 7,579,000 | -4,214,000 | -4,214,000 | 7,175,000 | -40,341,000 | -40,341,000 | -1,542,000 | 6,000 | 59,489,000 | 16,000 | 10,000 | 10,054,000 | 26,992,000 | 23,248,000 | 23,248,000 | 13,636,000 | 13,636,000 | -10,664,000 | -10,664,000 | 28,144,000 | 24,608,000 | 24,608,000 | 25,077,000 | 21,686,000 | 21,686,000 | 23,767,000 | 14,148,000 | 8,179,000 | 12,872,000 | 8,812,000 | 20,940,000 | 21,684,000 | 21,684,000 | 30,727,000 | 18,616,000 | 18,616,000 | 21,082,000 | 21,082,000 | 16,918,000 | 16,918,000 | 11,432,000 | 19,481,000 | 19,480,000 | 19,360,000 | 19,360,000 | 11,581,000 | 11,581,000 | 10,666,000 | 17,502,000 | 7,189,000 | 12,562,000 | |||||
income tax expense | -39,000 | -125,000 | -139,500 | -180,000 | -166,000 | -3,000 | -3,000 | -3,000 | -3,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 15,114,000 | 6,810,000 | 6,810,000 | 7,581,000 | 23,251,000 | 23,250,000 | -3,773,000 | -12,851,000 | -12,851,000 | 7,438,000 | -5,282,000 | -5,282,000 | 12,641,000 | -40,390,000 | -40,390,000 | -1,297,000 | 6,000 | 58,615,000 | 15,000 | 9,000 | 9,888,000 | 26,780,000 | 23,133,000 | 23,133,000 | 13,527,000 | 13,527,000 | -10,925,000 | -10,925,000 | 28,141,000 | 24,605,000 | 24,605,000 | 25,076,000 | 21,683,000 | 21,683,000 | 23,764,000 | 14,148,000 | 8,176,000 | 8,176,000 | 12,869,000 | 8,830,000 | 20,931,000 | 21,681,000 | 21,681,000 | 30,724,000 | 18,640,000 | 18,641,000 | 21,079,000 | 21,079,000 | 16,915,000 | 16,915,000 | 11,429,000 | 19,505,000 | 19,504,000 | 19,357,000 | 19,357,000 | 11,578,000 | 11,578,000 | 10,663,000 | 17,567,000 | 7,186,000 | 12,563,000 | ||||
yoy | -35.00% | -70.71% | -280.49% | -158.99% | -280.93% | 212.58% | -28.57% | 143.30% | -201.66% | -118.42% | -86.92% | 307.25% | 210583.33% | -168.91% | -269366.67% | -14511.11% | -99.94% | 118.88% | -99.94% | -99.96% | -26.90% | 97.97% | -311.74% | -311.74% | -51.93% | -45.02% | -144.40% | -143.57% | 29.78% | 13.48% | 5.52% | 53.26% | 165.20% | 84.66% | 60.23% | -60.94% | -62.29% | -40.64% | -71.26% | 12.29% | 16.31% | 2.86% | 45.76% | 10.20% | 10.20% | 84.43% | 8.07% | -13.27% | -12.62% | -40.96% | 68.47% | 68.46% | 81.53% | 10.19% | 61.12% | -15.12% | |||||||||
qoq | 121.94% | 0.00% | -10.17% | -67.39% | 0.00% | -716.22% | -70.64% | 0.00% | -272.77% | -240.82% | 0.00% | -141.78% | -131.30% | 0.00% | 3014.11% | -21716.67% | -99.99% | 390666.67% | 66.67% | -99.91% | -63.08% | 15.77% | 0.00% | 71.01% | 0.00% | -223.82% | 0.00% | -138.82% | 14.37% | 0.00% | -1.88% | 15.65% | 0.00% | 67.97% | 73.04% | 0.00% | -36.47% | 45.74% | -57.81% | -3.46% | 0.00% | -29.43% | 64.83% | -0.01% | -11.57% | 0.00% | 24.62% | 0.00% | 48.00% | -41.40% | 0.01% | 0.76% | 0.00% | 67.19% | 0.00% | 8.58% | -39.30% | -42.80% | |||||||
net income margin % | 15.60% | 7.82% | 7.82% | 9.02% | 25.48% | 25.48% | -4.95% | -17.27% | -17.27% | 9.71% | -7.23% | -7.23% | 17.39% | -54.71% | -54.71% | -1.82% | 8.45% | 21.84% | 22.39% | 14.29% | 15.46% | 41.08% | 32.07% | 44.27% | 20.32% | 20.32% | -15.40% | -15.40% | 39.37% | 35.22% | 35.22% | 35.18% | 30.86% | 30.86% | 0% | 33.91% | 19.92% | 11.53% | Infinity% | 18.24% | 12.45% | 29.60% | 31.08% | 31.08% | 45.16% | 30.27% | 30.27% | 36.21% | 36.21% | 31.09% | 31.09% | 25.40% | 43.35% | 43.35% | 44.41% | 44.41% | 26.89% | 26.89% | 25.37% | 41.30% | NaN% | 19.84% | 36.66% | ||
weighted-average units outstanding | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common units | 33,899,000 | 34,045,000 | 34,045,000 | 34,045,000 | 8,511,250 | 34,045,000 | 34,045,000 | 34,045,000 | 34,045,000 | 8,511,250 | 34,045,000 | 34,045,000 | 34,045,000 | 34,000 | 8,250 | 33,000 | 33,000 | 33,754,000 | 33,659,000 | 33,056,000 | 32,782,000 | 32,694,000 | 32,694,000 | 8,173,500 | 32,694,000 | 32,694,000 | 32,694,000 | 32,694,000 | 32,694,000 | 32,694,000 | 32,694,000 | 32,694,000 | 32,694,000 | 32,694,000 | 32,694,000 | 31,422,000 | 7,403,000 | 29,694,000 | 29,694,000 | 29,444,000 | 27,194,000 | -22,814,709 | 27,194,000 | 22,581,000 | 18,627,000 | 18,770,000 | 13,808,000 | 13,657,000 | |||||||||||||||||
class b units | 252,000 | 252,000 | 252,000 | 252,000 | 63,000 | 252,000 | 252,000 | 252,000 | 252,000 | 63,000 | 252,000 | 252,000 | 252,000 | 289,000 | 114,750 | 375,000 | 460,000 | 543,000 | 626,000 | -3,620 | 2,200 | 146,000 | |||||||||||||||||||||||||||||||||||||||||||
general partner units | 640,000 | 640,000 | 640,000 | 640,000 | 160,000 | 640,000 | 640,000 | 640,000 | 640,000 | 160,000 | 640,000 | 640,000 | 640,000 | 640,000 | 160,000 | 640,000 | 640,000 | 640,000 | 640,000 | 621,000 | 615,000 | 615,000 | 615,000 | 153,750 | 615,000 | 615,000 | 615,000 | 615,000 | 615,000 | 615,000 | 615,000 | 615,000 | 615,000 | 615,000 | 615,000 | 591,000 | 139,750 | 559,000 | 559,000 | 559,000 | 559,000 | -556,752 | 559,000 | 559,000 | 559,000 | 571,000 | 457,000 | 454,000 | |||||||||||||||||
operating revenues: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating expenses: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other finance income | -199,000 | -199,000 | -67,750 | -179,000 | 177,000 | 177,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total finance income | -15,249,000 | -15,276,000 | -11,411,000 | -11,413,000 | -20,712,000 | -13,964,000 | -12,130,000 | -22,315,000 | -10,436,000 | -13,414,000 | -9,125,000 | -19,204,000 | -13,000 | 1,500 | 467,000 | -3,000 | 9,492,000 | -2,777,000 | -7,498,000 | -9,463,000 | 528,000 | ||||||||||||||||||||||||||||||||||||||||||||
income tax benefit | -125,000 | -579,000 | -3,000 | -275,000 | -213,000 | -213,000 | -141,000 | -1,068,000 | -1,068,000 | 5,000 | -49,000 | -49,000 | 245,000 | -317,000 | -166,000 | -212,000 | -115,000 | -115,000 | -109,000 | -109,000 | -261,000 | -261,000 | -3,000 | -3,000 | -3,000 | -1,000 | 18,000 | -9,000 | -3,000 | -3,000 | -3,000 | 24,000 | 25,000 | -3,000 | -3,000 | -3,000 | -3,000 | -3,000 | 24,000 | 24,000 | -3,000 | -3,000 | -3,000 | 65,000 | 1,000 | ||||||||||||||||||||
gain from disposals of assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series a preferred unitholders’ interest in net income | 1,700,000 | 1,700,000 | 1,700,000 | 1,700,000 | 1,759,000 | 1,800,000 | 1,800,000 | 1,800,000 | 1,009,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
general partner’s interest in net income | 95,000 | -269,000 | -777,000 | 150,000 | 393,000 | 216,000 | -233,000 | 368,000 | 367,000 | 356,000 | 294,000 | 390,000 | 233,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
limited partners’ interest in net income | 5,015,000 | -14,282,000 | -41,313,000 | 8,038,000 | 21,040,000 | 11,611,000 | -12,451,000 | 19,515,000 | 19,514,000 | 18,923,000 | 15,613,000 | 18,967,000 | 11,345,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per unit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common unit | 150 | -420 | -1,210 | 230 | 630 | 340 | -380 | 597 | 597 | 637 | 526 | 697 | 502 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
class b unit | 190 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
general partner unit | 150 | -420 | -1,210 | 230 | 620 | 350 | -380 | 597 | 597 | 637 | 526 | 697 | 417 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
realized and unrealized gain (loss) on derivative instruments | 4,146,000 | 69,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net gain (loss) on foreign currency transactions | 60,000 | -61,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
write-down | 7,355,250 | 29,421,000 | 29,421,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series a preferred unitholders' interest in net income | 1,300,000 | 1,700,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: series a preferred unitholders’ interest in net income | 1,800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to the unitholders of knot offshore partners lp | 6,376,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: distributions | 18,034,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
under (over) distributed earnings | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
under (over) distributed earnings attributable to: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common unitholders | 32,694,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
general partner | 615,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash distributions declared and paid in the period per unit | 520 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
subsequent event: cash distributions declared and paid per unit relating to the period | 520 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase consideration | 19,913,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: fair value of net assets acquired: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
vessels and equipment | 120,274,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash | 4,537,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
inventories | 257,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
derivative assets | 1,839,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
others current assets | 111,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amounts due from related parties | 520,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt from related parties | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred debt issuance | 1,228,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
trade accounts payable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued expenses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amounts due to related parties | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
subtotal | 19,913,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
difference between the purchase price and fair value of net assets acquired | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
time charter and bareboat revenues3 | 69,221,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
subordinated units | -4,375,458 | 4,613,000 | 8,568,000 | 8,568,000 | 8,568,000 | 8,568,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
finance income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
subordinated unit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
goodwill impairment charge | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash distributions declared and paid per unit | 520 | 520 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income on foreign currency transactions | -82,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 10,201,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to knot offshore partners lp owners | 12,563,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-06-30 | 2024-12-31 | 2024-06-30 | 2023-12-31 | 2023-06-30 | 2022-12-31 | 2022-06-30 | 2021-12-31 | 2021-06-30 | 2020-12-31 | 2020-06-30 | 2017-05-17 | 2017-05-16 | 2017-03-31 | 2017-02-14 | 2016-12-31 | 2016-11-01 | 2016-09-30 | 2016-08-10 | 2016-06-30 | 2016-05-11 | 2016-03-31 | 2016-02-18 | 2015-12-31 | 2015-06-02 | 2015-05-07 | 2015-02-17 | 2014-12-31 | 2013-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | 712 | ||||||||||||||||||||||||||||
current assets: | |||||||||||||||||||||||||||||
cash and cash equivalents | 66,322,000 | 66,933,000 | 56,619,000 | 63,921,000 | 63,124,000 | 47,579,000 | 88,474,000 | 62,293,000 | 51,589,000 | 52,583,000 | 41,436,000 | 34,851,000 | 34,851,000 | 27,664,000 | 27,664,000 | 27,382,000 | 27,382,000 | 25,667,000 | 25,667,000 | 28,782,000 | 28,782,000 | 23,573,000 | 23,573,000 | 32,746,000 | 30,746,000 | 30,746,000 | 28,836,000 | ||
amounts due from related parties | 2,020,000 | 2,230,000 | 784,000 | 348,000 | 2,428,000 | 1,998,000 | 1,561,000 | 2,668,000 | 1,762,000 | 5,726,000 | 1,728,000 | 155,000 | 155,000 | 150,000 | 150,000 | 69,000 | 69,000 | 25,000 | 25,000 | 123,000 | 123,000 | 58,000 | 58,000 | 173,000 | 130,000 | 130,000 | 77,000 | ||
inventories | 3,598,000 | 3,304,000 | 3,717,000 | 3,696,000 | 3,096,000 | 5,759,000 | 3,647,000 | 3,306,000 | 3,264,000 | 2,652,000 | 2,242,000 | 1,725,000 | 1,725,000 | 1,176,000 | 1,176,000 | 758,000 | 758,000 | 774,000 | 774,000 | 864,000 | 864,000 | 849,000 | 849,000 | 1,079,000 | 915,000 | 915,000 | 578,000 | ||
derivative assets | 5,084,000 | 8,112,000 | 12,593,000 | 13,019,000 | 16,764,000 | 15,070,000 | 4,480,000 | 1,015,000 | 168,000 | 39,000 | 28,000 | 28,000 | 1,645,000 | 1,645,000 | 232,000 | 232,000 | 243,000 | 243,000 | 695,000 | 695,000 | 370,000 | 2,966,000 | 2,966,000 | 2,617,000 | |||||
other current assets | 17,607,000 | 14,793,000 | 10,698,000 | 8,795,000 | 8,622,000 | 15,528,000 | 11,632,000 | 5,626,000 | 14,381,000 | 5,511,000 | 4,072,000 | 3,709,000 | 3,709,000 | 2,089,000 | 2,089,000 | 1,455,000 | 1,705,000 | 1,859,000 | 1,859,000 | 2,949,000 | 2,949,000 | 4,597,000 | 3,958,000 | 3,958,000 | 1,814,000 | ||||
total current assets | 94,631,000 | 95,372,000 | 84,411,000 | 89,779,000 | 94,034,000 | 85,934,000 | 109,794,000 | 73,893,000 | 70,996,000 | 66,472,000 | 49,517,000 | 173 | 40,468,000 | 40,468,000 | 31,079,000 | 31,079,000 | 31,309,000 | 31,309,000 | 28,403,000 | 28,403,000 | 31,871,000 | 31,871,000 | 27,429,000 | 27,429,000 | 185 | 38,595,000 | 35,749,000 | 35,749,000 | 32,011,000 |
| |||||||||||||||||||||||||||||
long-term assets: | |||||||||||||||||||||||||||||
vessels, net of accumulated depreciation | 1,512,647,000 | 1,462,192,000 | 1,421,256,000 | 1,492,998,000 | 1,539,432,000 | 1,631,380,000 | 1,558,650,000 | 1,598,106,000 | 1,708,786,000 | 1,635,546,000 | 1,391,039,000 | 1,391,039,000 | |||||||||||||||||
right-of-use assets | 3,860,000 | 1,269,000 | 1,730,000 | 2,126,000 | 2,423,000 | 2,261,000 | 2,419,000 | 2,742,000 | 3,061,000 | 1,490,000 | 1,516,000 | ||||||||||||||||||
deferred tax assets | 3,082,000 | 3,326,000 | 3,812,000 | 4,358,000 | |||||||||||||||||||||||||
accrued income | 7,531,000 | 4,817,000 | 668,000 | 1,450,000 | 2,164,000 | 2,867,000 | 3,424,000 | 1,302,000 | 1,302,000 | 1,153,000 | 1,153,000 | 921,000 | 921,000 | 706,000 | 706,000 | 461,000 | 461,000 | ||||||||||||
total long-term assets | 1,529,521,000 | 1,476,793,000 | 1,433,204,000 | 1,506,711,000 | 1,553,935,000 | 1,648,019,000 | 1,572,756,000 | ||||||||||||||||||||||
total assets | 1,624,152,000 | 1,572,165,000 | 1,517,615,000 | 1,596,490,000 | 1,647,969,000 | 1,733,953,000 | 1,682,550,000 | 1,677,281,000 | 1,718,793,000 | 1,780,296,000 | 1,690,986,000 | 647 | 1,441,295,000 | 1,441,295,000 | 1,292,275,000 | 1,292,275,000 | 1,186,877,000 | 1,186,877,000 | 1,197,349,000 | 1,197,349,000 | 1,214,429,000 | 1,214,429,000 | 1,223,870,000 | 1,223,870,000 | 1,059,271,000 | 1,070,748,000 | 1,070,748,000 | 660,173,000 | |
liabilities and equity | |||||||||||||||||||||||||||||
current liabilities: | |||||||||||||||||||||||||||||
trade accounts payable | 5,789,000 | 5,766,000 | 5,475,000 | 10,243,000 | 6,898,000 | 4,268,000 | 5,675,000 | 3,872,000 | 3,804,000 | 3,848,000 | 2,496,000 | 6,008,000 | 6,008,000 | 2,221,000 | 2,221,000 | 1,453,000 | 1,453,000 | 1,949,000 | 1,949,000 | 2,564,000 | 2,564,000 | 1,995,000 | 1,995,000 | 1,743,000 | 1,869,000 | 1,869,000 | 1,107,000 | ||
accrued expenses | 18,427,000 | 11,465,000 | 9,717,000 | 14,775,000 | 13,876,000 | 10,651,000 | 9,082,000 | 6,429,000 | 5,866,000 | 5,380,000 | 4,755,000 | 8,990,000 | 8,990,000 | 3,368,000 | 3,368,000 | 3,967,000 | 3,967,000 | 3,469,000 | 3,469,000 | 6,052,000 | 6,052,000 | 3,000 | 3,888,000 | 3,812,000 | 2,735,000 | 2,735,000 | 2,642,000 | ||
current portion of long-term debt | 179,030,000 | 256,659,000 | 89,157,000 | 98,960,000 | 188,317,000 | 369,787,000 | 90,522,000 | 88,578,000 | 351,370,000 | 184,188,000 | 83,523,000 | 58,872,000 | 58,872,000 | 58,984,000 | 58,984,000 | 48,877,000 | 53,888,000 | 48,535,000 | 48,535,000 | 49,684,000 | 49,684,000 | 38,718,000 | 38,718,000 | 38,718,000 | 29,269,000 | ||||
current lease liabilities | 1,004,000 | 1,172,000 | 1,096,000 | 982,000 | 886,000 | 715,000 | 656,000 | 648,000 | 641,000 | 652,000 | 585,000 | ||||||||||||||||||
income taxes payable | 54,000 | 60,000 | 25,000 | 44,000 | 289,000 | 699,000 | 812,000 | 548,000 | 276,000 | 86,000 | 18,000 | 15,000 | 15,000 | 190,000 | 190,000 | 21,000 | 21,000 | 18,000 | 18,000 | 122,000 | 122,000 | 249,000 | 249,000 | 137,000 | 362,000 | 362,000 | 743,000 | ||
current portion of contract liabilities | 5,529,000 | 2,889,000 | 68,000 | 651,000 | 1,342,000 | 1,518,000 | 1,518,000 | 1,518,000 | 1,518,000 | 1,518,000 | 1,518,000 | 1,518,000 | 1,518,000 | ||||||||||||||||
prepaid charter and deferred revenue | 2,079,000 | 2,354,000 | 5,290,000 | 5,141,000 | 5,141,000 | 7,218,000 | 7,218,000 | 8,954,000 | 8,954,000 | 6,999,000 | 6,999,000 | 6,857,000 | 6,857,000 | 3,365,000 | 3,365,000 | 6,595,000 | 6,751,000 | 6,751,000 | 4,471,000 | ||||||||||
amount due to related parties | 7,202,000 | 1,835,000 | 3,859,000 | 2,106,000 | 1,760,000 | 1,717,000 | 1,133,000 | 1,424,000 | 3,450,000 | 2,140,000 | 1,250,000 | 4,119,000 | 4,119,000 | 834,000 | 834,000 | 765,000 | 765,000 | 492,000 | 492,000 | 618,000 | 618,000 | 848,000 | 848,000 | 401,000 | 628,000 | 628,000 | 163,000 | ||
total current liabilities | 219,114,000 | 287,122,000 | 111,683,000 | 127,577,000 | 217,509,000 | 389,992,000 | 116,779,000 | 115,957,000 | 384,730,000 | 213,931,000 | 105,132,000 | 5 | 89,109,000 | 89,109,000 | 77,637,000 | 77,637,000 | 68,176,000 | 68,176,000 | 72,080,000 | 72,080,000 | 70,150,000 | 70,150,000 | 66,685,000 | 66,685,000 | 11 | 61,891,000 | 60,031,000 | 60,031,000 | 42,037,000 |
long-term liabilities: | |||||||||||||||||||||||||||||
long-term debt | 735,449,000 | 648,075,000 | 806,214,000 | 857,829,000 | 820,883,000 | 686,601,000 | 891,091,000 | 878,548,000 | 646,348,000 | 846,157,000 | 870,150,000 | 722,287,000 | 722,287,000 | 657,662,000 | 657,662,000 | 586,332,000 | 594,621,000 | 610,894,000 | 610,894,000 | 622,006,000 | 622,006,000 | 553,924,000 | 562,503,000 | 562,503,000 | 310,359,000 | ||||
lease liabilities | 2,856,000 | 97,000 | 634,000 | 1,144,000 | 1,536,000 | 1,546,000 | 1,763,000 | 2,093,000 | 2,419,000 | 838,000 | 931,000 | ||||||||||||||||||
derivative liabilities | 1,317,000 | 4,260,000 | 8,495,000 | 19,358,000 | 23,987,000 | 4,446,000 | 4,446,000 | 3,304,000 | 3,304,000 | 2,621,000 | 4,132,000 | 3,747,000 | 6,028,000 | 3,884,000 | 3,884,000 | 5,138,000 | 1,232,000 | 8,967,000 | 7,450,000 | ||||||||||
contract liabilities | 43,355,000 | 23,776,000 | 68,000 | 651,000 | 1,410,000 | 2,168,000 | 2,927,000 | 1,518,000 | 1,518,000 | 1,518,000 | 1,518,000 | 1,518,000 | 8,619,000 | 1,518,000 | 8,998,000 | 1,518,000 | 1,518,000 | 1,518,000 | 9,757,000 | 1,518,000 | 1,518,000 | 11,275,000 | 1,518,000 | ||||||
deferred tax liabilities | 103,000 | 91,000 | 121,000 | 127,000 | 150,000 | 424,000 | 203,000 | 228,000 | 294,000 | 295,000 | 323,000 | 690,000 | 690,000 | 685,000 | 685,000 | 957,000 | 957,000 | 919,000 | 919,000 | 927,000 | 927,000 | 877,000 | 877,000 | 1,293,000 | 1,402,000 | 1,402,000 | 2,141,000 | ||
deferred revenues | 1,635,000 | 1,869,000 | 2,102,000 | 2,336,000 | 2,569,000 | 3,178,000 | 2,698,000 | 2,529,000 | |||||||||||||||||||||
total long-term liabilities | 784,715,000 | 673,908,000 | 809,071,000 | 861,436,000 | 825,138,000 | 691,749,000 | 895,823,000 | 888,309,000 | 658,966,000 | 868,816,000 | 898,318,000 | ||||||||||||||||||
total liabilities | 1,003,829,000 | 961,030,000 | 920,754,000 | 989,013,000 | 1,042,647,000 | 1,081,741,000 | 1,012,602,000 | 1,004,266,000 | 1,043,696,000 | 1,082,747,000 | 1,003,450,000 | 478 | 821,056,000 | 821,056,000 | 770,564,000 | 770,564,000 | 669,643,000 | 669,643,000 | 684,445,000 | 684,445,000 | 698,008,000 | 698,008,000 | 703,100,000 | 703,100,000 | 644,180,000 | 651,383,000 | 651,383,000 | 378,246,000 | |
commitments and contingencies | |||||||||||||||||||||||||||||
series a convertible preferred units | 84,308,000 | 84,308,000 | 84,308,000 | 84,308,000 | 84,308,000 | 84,308,000 | 84,308,000 | 84,308,000 | 84,367,000 | 89,264,000 | 89,264,000 | 49,259,000 | 49,259,000 | ||||||||||||||||
equity: | |||||||||||||||||||||||||||||
partners’ capital: | |||||||||||||||||||||||||||||
common unitholders: 34,045,081 units issued and outstanding at june 30, 2025 and december 31, 2024 respectively | 522,621,000 | ||||||||||||||||||||||||||||
class b unitholders : 252,405 units issued and outstanding at june 30, 2025 and december 31, 2024 respectively | 3,871,000 | ||||||||||||||||||||||||||||
general partner interest: 640,278 units issued and outstanding at june 30, 2025 and december 31, 2024 respectively | 9,523,000 | ||||||||||||||||||||||||||||
total partners’ capital | 536,015,000 | 526,827,000 | 512,553,000 | 523,169,000 | 521,014,000 | 567,904,000 | 585,640,000 | 588,707,000 | 590,730,000 | 608,285,000 | 598,272,000 | 517,234,000 | 512,904,000 | 520,770,000 | 415,091,000 | 419,365,000 | 419,365,000 | 281,927,000 | |||||||||||
total liabilities and equity | 1,624,152,000 | 1,572,165,000 | 1,517,615,000 | 1,596,490,000 | 1,647,969,000 | 1,733,953,000 | 1,682,550,000 | 1,677,281,000 | 1,718,793,000 | 1,780,296,000 | 1,690,986,000 | 1,441,295,000 | 1,441,295,000 | 1,292,275,000 | 1,292,275,000 | 1,186,877,000 | 1,186,877,000 | 1,197,349,000 | 1,197,349,000 | 1,214,429,000 | 1,214,429,000 | 1,223,870,000 | 1,223,870,000 | 1,059,271,000 | 1,070,748,000 | 1,070,748,000 | 660,173,000 | ||
prepaid charter | 7,276,000 | 467,000 | 1,504,000 | 6,933,000 | 6,186,000 | 7,821,000 | 5,424,000 | 3,776,000 | |||||||||||||||||||||
common unitholders: 34,045,081 units issued and outstanding at december 31, 2024 and 2023, respectively | 513,603,000 | ||||||||||||||||||||||||||||
class b unitholders: 252,405 units issued and outstanding at december 31, 2024 and 2023, respectively | 3,871,000 | ||||||||||||||||||||||||||||
general partner interest: 640,278 units issued and outstanding at december 31, 2024 and 2023, respectively | 9,353,000 | ||||||||||||||||||||||||||||
common unitholders | 499,593,000 | 507,897,000 | 568,515,000 | 580,248,000 | 587,562,000 | 560,785,000 | 560,785,000 | 511,413,000 | 511,413,000 | 507,045,000 | 507,045,000 | 502,756,000 | 502,756,000 | 408,388,000 | 408,388,000 | 411,324,000 | 411,317,000 | 304,877,000 | 307,544,000 | 307,544,000 | 168,773,000 | ||||||||
class b unitholders | 3,871,000 | 3,871,000 | 6,689,000 | ||||||||||||||||||||||||||
general partner interest | 9,089,000 | 9,246,000 | 10,436,000 | 10,482,000 | 10,710,000 | 10,195,000 | 10,195,000 | 10,297,000 | 10,297,000 | 10,189,000 | 10,189,000 | 10,148,000 | 10,148,000 | 10,219,000 | 10,219,000 | 10,288,000 | 10,295,000 | 8,053,000 | 8,141,000 | 8,141,000 | 5,297,000 | ||||||||
common unitholders: 34,045,081 units issued and outstanding at december 31, 2023 and 2022, respectively | 510,013,000 | ||||||||||||||||||||||||||||
class b unitholders: 252,405 units issued and outstanding at december 31, 2023 and 2022, respectively | 3,871,000 | ||||||||||||||||||||||||||||
general partner interest: 640,278 units issued and outstanding at december 31, 2023 and 2022, respectively | 9,285,000 | ||||||||||||||||||||||||||||
current portion of derivative liabilities | 125,000 | 624,000 | 6,754,000 | 9,984,000 | 10,695,000 | 7,211,000 | 2,621,000 | 3,747,000 | |||||||||||||||||||||
intangible assets | 75,000 | 378,000 | 681,000 | 983,000 | |||||||||||||||||||||||||
common unitholders: 34,045,081 and 33,708,541 units issued and outstanding at december 31, 2022 and 2021, respectively | 553,922,000 | ||||||||||||||||||||||||||||
class b unitholders: 252,405 and 588,945 units issued and outstanding at december 31, 2022 and 2021, respectively | 3,871,000 | ||||||||||||||||||||||||||||
general partner interest: 640,278 units issued and outstanding at december 31, 2022 and 2021, respectively | 10,111,000 | ||||||||||||||||||||||||||||
trade accounts receivable, less expected credit loss of 0 in 2021 and 0 in 2020 | |||||||||||||||||||||||||||||
total long term assets | 1,603,388,000 | 1,647,797,000 | 1,713,824,000 | 1,641,469,000 | |||||||||||||||||||||||||
common unitholders: 33,708,541 and 32,694,094 units issued and outstanding at december 31, 2021 and 2020, respectively. | 568,762,000 | ||||||||||||||||||||||||||||
class b unitholder: 588,945 and 0 units issued and outstanding at december 31, 2021 and 2020, respectively. | 9,453,000 | ||||||||||||||||||||||||||||
general partner interest: 640,278 and 615,117 units issued and outstanding at december 31, 2021 and 2020, respectively. | 10,492,000 | ||||||||||||||||||||||||||||
vessels, net of accumulated depreciation and impairment | 1,642,026,000 | ||||||||||||||||||||||||||||
trade accounts receivable, less benefit from expected credit loss of 0 in 2020 and 0 in 2019 | |||||||||||||||||||||||||||||
common unitholders: 32,694,094 units issued and outstanding at december 31, 2020 and 2019. | 597,390,000 | ||||||||||||||||||||||||||||
general partner interest: 615,117 units issued and outstanding at december 31, 2020 and 2019. | 10,895,000 | ||||||||||||||||||||||||||||
three months ended june 30, 2019 and 2020 | |||||||||||||||||||||||||||||
consolidated balance at march 31, 2019 | 624,408,000 | ||||||||||||||||||||||||||||
net income | 6,258,000 | ||||||||||||||||||||||||||||
other comprehensive income | |||||||||||||||||||||||||||||
cash distributions | -17,701,000 | ||||||||||||||||||||||||||||
consolidated balance at june 30, 2019 | 612,965,000 | ||||||||||||||||||||||||||||
consolidated balance at march 31, 2020 | 585,748,000 | ||||||||||||||||||||||||||||
consolidated balance at june 30, 2020 | 587,562,000 | ||||||||||||||||||||||||||||
six months ended june 30, 2019 and 2020 | |||||||||||||||||||||||||||||
consolidated balance at december 31, 2018 | 631,244,000 | ||||||||||||||||||||||||||||
consolidated balance at december 31, 2019 | 611,241,000 | ||||||||||||||||||||||||||||
fixed assets | |||||||||||||||||||||||||||||
vessel | 468 | 527 | |||||||||||||||||||||||||||
financial receivable | 5 | ||||||||||||||||||||||||||||
total fixed assets | 473 | 527 | |||||||||||||||||||||||||||
current assets | |||||||||||||||||||||||||||||
receivables | 25 | ||||||||||||||||||||||||||||
current receivables group | 154 | 165 | |||||||||||||||||||||||||||
bank deposits | 18 | 19 | |||||||||||||||||||||||||||
shareholders equity and liabilities | |||||||||||||||||||||||||||||
equity | |||||||||||||||||||||||||||||
share capital | 100 | 100 | |||||||||||||||||||||||||||
other paid-in equity | 165 | ||||||||||||||||||||||||||||
total capital paid-in | 165 | ||||||||||||||||||||||||||||
retained earnings | |||||||||||||||||||||||||||||
other equity | 2 | ||||||||||||||||||||||||||||
total shareholders’ equity | 168 | ||||||||||||||||||||||||||||
long term liabilities | |||||||||||||||||||||||||||||
liabilities to financial institutions | 285 | 402 | |||||||||||||||||||||||||||
long-term debt group | 158 | ||||||||||||||||||||||||||||
other long term liabilities | 186 | ||||||||||||||||||||||||||||
total long term liabilities | 472 | ||||||||||||||||||||||||||||
current liabilities | |||||||||||||||||||||||||||||
accounts payable | 3 | 315 | |||||||||||||||||||||||||||
other current liabilities | 2 | 11 | |||||||||||||||||||||||||||
shareholders’ equity and liabilities | 647 | 712 | |||||||||||||||||||||||||||
intangible assets, net¹ | 1,443,000 | 1,443,000 | |||||||||||||||||||||||||||
liabilities and partners’ equity | |||||||||||||||||||||||||||||
long-term debt from related parties | 25,000,000 | 25,000,000 | 12,000,000 | 12,000,000 | 12,000,000 | 10,349,000 | |||||||||||||||||||||||
other long-term liabilities | 684,000 | 684,000 | 1,056,000 | 1,056,000 | 1,427,000 | 1,427,000 | 1,799,000 | 1,799,000 | 2,171,000 | 2,171,000 | 2,543,000 | 2,543,000 | 3,693,000 | 4,172,000 | 4,172,000 | 567,000 | |||||||||||||
partners’ equity: | |||||||||||||||||||||||||||||
total partners’ equity | 570,980,000 | 570,980,000 | 521,712,000 | 521,712,000 | 517,234,000 | 512,904,000 | 516,421,000 | 516,421,000 | 520,770,000 | ||||||||||||||||||||
vessels and equipment: | |||||||||||||||||||||||||||||
vessels | 1,468,913,000 | 1,468,913,000 | 1,352,165,000 | 1,352,165,000 | 1,351,838,000 | 1,351,838,000 | 1,351,589,000 | 1,351,589,000 | 1,351,219,000 | 1,351,219,000 | 1,131,253,000 | 1,131,321,000 | 1,131,321,000 | 692,926,000 | |||||||||||||||
less accumulated depreciation | -212,024,000 | -212,024,000 | -197,518,000 | -197,518,000 | -183,598,000 | -183,598,000 | -169,686,000 | -169,686,000 | -158,292,000 | -120,847,000 | |||||||||||||||||||
net property, plant, and equipment | 1,256,889,000 | 1,256,889,000 | 1,154,647,000 | 1,154,647,000 | 1,168,240,000 | 1,168,240,000 | 1,181,903,000 | 1,181,903,000 | 1,192,927,000 | 1,010,406,000 | 1,021,857,000 | 617,785,000 | |||||||||||||||||
subordinated unitholders | 97,814,000 | 97,814,000 | 99,158,000 | 99,158,000 | 102,161,000 | 103,680,000 | 103,680,000 | 107,857,000 | |||||||||||||||||||||
other current assets* | 1,455,000 | 1,705,000 | |||||||||||||||||||||||||||
current portion of long-term debt* | 48,877,000 | 53,888,000 | |||||||||||||||||||||||||||
long-term debt* | 586,332,000 | 594,621,000 | |||||||||||||||||||||||||||
goodwill | 6,217,000 | 6,217,000 | 6,217,000 | 5,750,000 | |||||||||||||||||||||||||
deferred debt issuance cost | 2,819,000 | 2,819,000 | 3,683,000 | 3,959,000 | 3,959,000 | 2,010,000 | |||||||||||||||||||||||
trade accounts receivable, less allowance for doubtful accounts of 0 in, 2015 and 0 in 2014 | |||||||||||||||||||||||||||||
vessels and equipment | 1,192,927,000 | 1,021,857,000 | |||||||||||||||||||||||||||
less accumulated depreciation and amortization | -158,292,000 | -109,464,000 | -109,464,000 | -75,141,000 | |||||||||||||||||||||||||
liabilities and partners’ capital/owners’ equity | |||||||||||||||||||||||||||||
current portion derivative liabilities | 5,138,000 | 7,450,000 | 2,124,000 | ||||||||||||||||||||||||||
share premium | 7 | ||||||||||||||||||||||||||||
additional paid-in capital | 140 | ||||||||||||||||||||||||||||
total paid in capital | 140 | ||||||||||||||||||||||||||||
total equity | 140 | ||||||||||||||||||||||||||||
total long term debt | 560 | ||||||||||||||||||||||||||||
restricted cash | 458,000 | ||||||||||||||||||||||||||||
current portion of derivative assets | 248,000 | ||||||||||||||||||||||||||||
trade accounts receivable, less allowance for doubtful accounts of 0 in, 2014 and 0 in 2013 | |||||||||||||||||||||||||||||
trade accounts receivable, less allowance for doubtful accounts of 0 in, 2013 and 0 in 2012 | |||||||||||||||||||||||||||||
deferred tax asset | |||||||||||||||||||||||||||||
owners’ equity |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-05-20 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-05-22 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-05-25 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-05-11 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-05-12 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-05-27 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-05-23 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-06-06 | 2018-03-31 | 2018-02-20 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-05-16 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-05-11 | 2016-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating activities | ||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 15,114,000 | 6,810,000 | 7,581,000 | 7,581,000 | 23,250,000 | -3,772,000 | -12,851,000 | 7,438,000 | 7,438,000 | -5,282,000 | 12,641,000 | -40,390,000 | -1,297,000 | -1,297,000 | 58,615,000 | 16,000 | 9,888,000 | 26,780,000 | 26,780,000 | 23,133,000 | 13,527,000 | -10,924,000 | 28,140,000 | 28,140,000 | 24,605,000 | 25,076,000 | 21,683,000 | -6,139,000 | -6,139,000 | 23,764,000 | 14,148,000 | 8,176,000 | 12,869,000 | 12,869,000 | 8,831,000 | 20,929,000 | 21,681,000 | 30,724,000 | 30,724,000 | 68,064,000 | 18,641,000 | 21,079,000 | 16,915,000 | 11,429,000 | 11,429,000 | 19,504,000 | 19,357,000 | 11,578,000 | 10,663,000 | 10,663,000 |
adjustments to reconcile net income to cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation | 30,941,000 | 29,372,000 | 28,763,000 | 28,763,000 | 28,425,000 | 27,902,000 | 27,748,000 | 27,742,000 | 27,742,000 | 27,594,000 | 28,107,000 | 27,729,000 | 27,729,000 | 107,340,000 | 28,000 | 26,059,000 | 25,937,000 | 25,937,000 | 25,974,000 | 26,070,000 | 23,831,000 | 23,684,000 | 23,684,000 | 22,466,000 | 22,453,000 | 22,451,000 | 22,373,000 | 22,373,000 | 22,554,000 | 22,430,000 | 22,429,000 | 22,431,000 | 22,431,000 | 22,450,000 | 22,400,000 | 22,332,000 | 21,574,000 | 21,574,000 | 71,583,000 | 20,078,000 | 18,380,000 | 17,372,000 | 15,753,000 | 15,753,000 | 14,505,000 | 13,920,000 | 13,913,000 | 13,892,000 | 13,892,000 | |
impairment | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||
amortization of contract intangibles / liabilities | -2,256,000 | -1,382,000 | -862,000 | -862,000 | -722,000 | 0 | -204,000 | -379,000 | -379,000 | -379,000 | -304,000 | -304,000 | -228,000 | -228,000 | -228,000 | -228,000 | -228,000 | -228,000 | -228,000 | -228,000 | -228,000 | -1,089,000 | -229,000 | -228,000 | -278,000 | -354,000 | -354,000 | -380,000 | -379,000 | -379,000 | -380,000 | -380,000 | ||||||||||||||||||
amortization of deferred revenue | -116,000 | -117,000 | -117,000 | -117,000 | -117,000 | -116,000 | -117,000 | -117,000 | -117,000 | -117,000 | -250,000 | -371,000 | -372,000 | -372,000 | -1,487,000 | -372,000 | -372,000 | -371,000 | -372,000 | -372,000 | -372,000 | -371,000 | -408,000 | -478,000 | -478,000 | |||||||||||||||||||||||||
amortization of deferred debt issuance cost | 629,000 | 596,000 | 567,000 | 567,000 | 573,000 | 559,000 | 543,000 | 546,000 | 546,000 | 569,000 | 757,000 | 598,000 | 598,000 | 2,690,000 | 1,000 | 852,000 | 600,000 | 600,000 | 624,000 | 1,137,000 | 656,000 | 1,102,000 | 1,102,000 | 617,000 | 624,000 | 626,000 | 636,000 | 636,000 | 647,000 | 656,000 | 658,000 | 656,000 | 656,000 | 683,000 | 1,234,000 | 697,000 | 574,000 | 574,000 | 1,737,000 | 513,000 | 469,000 | 407,000 | 348,000 | 348,000 | 315,000 | 310,000 | 286,000 | 287,000 | 287,000 | |
drydocking expenditure | -3,489,000 | -6,613,000 | -979,000 | -979,000 | -91,000 | -404,000 | -155,000 | 97,000 | 97,000 | -6,168,000 | -7,796,000 | -2,905,000 | -2,905,000 | -3,941,000 | -7,398,000 | -7,398,000 | -583,000 | -224,000 | -139,000 | -3,289,000 | -3,289,000 | -14,000 | 8,000 | -7,000 | 76,000 | 76,000 | -5,723,000 | -3,277,000 | -526,000 | -526,000 | -6,885,000 | -2,597,000 | -488,000 | -77,000 | -3,723,000 | -3,723,000 | 0 | 0 | -5,133,000 | 2,538,000 | 2,538,000 | |||||||||
income tax expense | 125,000 | 579,000 | 3,000 | 212,000 | 142,000 | 1,067,000 | 49,000 | -245,000 | 317,000 | 180,000 | 166,000 | 212,000 | 212,000 | 115,000 | 109,000 | 261,000 | 3,000 | 3,000 | 3,000 | 1,000 | 3,000 | 3,000 | 3,000 | 3,000 | 0 | 3,000 | 3,000 | 3,000 | 9,000 | 3,000 | 3,000 | 3,000 | -16,000 | -25,000 | 3,000 | 3,000 | 3,000 | 3,000 | -24,000 | 3,000 | 3,000 | 3,000 | 3,000 | |||||||
income taxes paid | -12,000 | 0 | -52,000 | -52,000 | 19,000 | -37,000 | 0 | -23,000 | -23,000 | 0 | 0 | -414,000 | -414,000 | -8,000 | -58,000 | -58,000 | 0 | -9,000 | 0 | -74,000 | -74,000 | 1,000 | -18,000 | 0 | -172,000 | -172,000 | -219,000 | -25,000 | -12,000 | 0 | -182,000 | -182,000 | -14,000 | 0 | -107,000 | -134,000 | -134,000 | |||||||||||||
unrealized loss on derivative instruments | 2,890,000 | 4,455,000 | -863,000 | 2,190,000 | -939,000 | 8,948,000 | -4,587,000 | 5,316,000 | -6,666,000 | -18,209,000 | -6,346,000 | 179,000 | -11,921,000 | -2,264,000 | 2,792,000 | 23,893,000 | 10,828,000 | 6,219,000 | -1,776,000 | -9,477,000 | -7,391,000 | -3,779,000 | -2,855,000 | 501,000 | -1,258,000 | -4,465,000 | -4,436,000 | 1,609,000 | 2,259,000 | |||||||||||||||||||||
unrealized loss on foreign currency transactions | -243,000 | -355,000 | 780,000 | -39,000 | 187,000 | 93,000 | -31,000 | -12,000 | 87,000 | -45,000 | -2,000 | 87,000 | -60,000 | -291,000 | -186,000 | 130,000 | 16,000 | 14,000 | 35,000 | -79,000 | 45,000 | 112,000 | -65,000 | -1,000 | -1,000 | 63,000 | -33,000 | 107,000 | -44,000 | |||||||||||||||||||||
net gain from disposal of vessel | ||||||||||||||||||||||||||||||||||||||||||||||||||
changes in operating assets and liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in amounts due from related parties | 72,000 | -327,000 | -319,000 | 415,000 | -851,000 | 882,000 | 95,000 | -525,000 | -182,000 | 1,296,000 | -189,000 | -556,000 | -556,000 | 4,520,000 | -3,788,000 | -47,000 | -243,000 | 62,391,000 | 315,000 | 23,486,000 | 17,761,000 | 20,829,000 | -22,000 | -44,000 | 98,000 | -65,000 | ||||||||||||||||||||||||
decrease in inventories | 649,000 | -1,365,000 | 530,000 | 570,000 | -590,000 | -532,000 | 404,000 | 2,259,000 | 215,000 | -556,000 | -948,000 | -653,000 | 40,000 | -451,000 | -46,000 | 50,000 | -358,000 | -151,000 | 9,000 | 204,000 | -420,000 | -110,000 | 15,000 | 90,000 | -15,000 | |||||||||||||||||||||||||
decrease in other current assets | 1,799,000 | -3,085,000 | -4,300,000 | 868,000 | -2,775,000 | -1,371,000 | 5,216,000 | 1,688,000 | 56,000 | -6,063,000 | 6,056,000 | -4,638,000 | -4,291,000 | -779,000 | 2,242,000 | 1,274,000 | -1,724,000 | -1,078,000 | 1,268,000 | -1,644,000 | -270,000 | -454,000 | 250,000 | 153,000 | -59,000 | |||||||||||||||||||||||||
decrease in accrued income | -1,380,000 | -1,334,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
increase in trade accounts payable | 828,000 | -2,161,000 | 3,003,000 | 3,003,000 | -523,000 | 780,000 | -1,218,000 | -3,418,000 | -3,418,000 | 4,081,000 | 1,629,000 | 997,000 | 997,000 | 249,000 | 1,000 | -302,000 | 2,191,000 | 2,191,000 | -509,000 | 535,000 | -2,230,000 | 2,222,000 | 2,222,000 | 378,000 | 1,921,000 | 227,000 | 1,314,000 | -2,536,000 | -2,536,000 | 2,195,000 | 2,507,000 | -383,000 | -3,623,000 | 3,694,000 | 3,694,000 | 610,000 | -478,000 | -610,000 | 523,000 | 523,000 | ||||||||||
increase in accrued expenses | -872,000 | 3,536,000 | 67,000 | 67,000 | -3,227,000 | 4,109,000 | -4,624,000 | -434,000 | -434,000 | 3,908,000 | 4,479,000 | -1,253,000 | -1,253,000 | 3,525,000 | 1,000 | -1,624,000 | 4,278,000 | 4,278,000 | 911,000 | 54,000 | -2,812,000 | 3,452,000 | 3,452,000 | 577,000 | 149,000 | 4,379,000 | -285,000 | -371,000 | -371,000 | 142,000 | -208,000 | -476,000 | -4,293,000 | 5,119,000 | 5,119,000 | -1,778,000 | 498,000 | -2,584,000 | 2,165,000 | 2,165,000 | ||||||||||
increase prepaid charter | -202,000 | -3,164,000 | -2,033,000 | -2,033,000 | 2,907,000 | 2,015,000 | 0 | 4,822,000 | -1,504,000 | -1,504,000 | 6,932,000 | -6,186,000 | -6,186,000 | -930,000 | -1,976,000 | 4,375,000 | 4,375,000 | 159,000 | 659,000 | |||||||||||||||||||||||||||||||
increase in amounts due to related parties | -1,294,000 | 1,170,000 | 2,857,000 | 2,857,000 | -3,691,000 | 7,991,000 | 1,963,000 | -209,000 | -209,000 | 624,000 | 444,000 | -401,000 | -401,000 | -561,000 | 643,000 | 2,838,000 | -3,130,000 | -3,130,000 | -1,574,000 | -452,000 | 1,445,000 | -135,000 | -135,000 | 136,000 | -50,000 | -270,000 | -4,929,000 | 1,129,000 | 1,129,000 | -33,298,000 | -33,210,000 | -4,578,000 | 2,555,000 | 1,935,000 | 1,935,000 | -77,000 | 274,000 | -230,000 | -230,000 | |||||||||||
net cash from operating activities | 44,246,000 | 31,959,000 | 36,021,000 | 36,021,000 | 41,224,000 | 35,349,000 | 33,776,000 | 26,796,000 | 26,796,000 | 34,296,000 | 25,284,000 | 42,410,000 | 29,651,000 | 29,651,000 | 100,863,000 | 25,000 | 35,824,000 | 18,287,000 | 18,287,000 | 45,762,000 | 40,835,000 | 31,965,000 | 47,849,000 | 47,849,000 | 41,406,000 | 47,046,000 | 41,625,000 | 39,164,000 | 39,164,000 | 42,949,000 | 40,722,000 | 42,477,000 | 39,544,000 | 39,544,000 | 34,986,000 | 35,426,000 | 45,818,000 | 32,416,000 | 32,416,000 | 154,585,000 | -3,836,000 | 60,400,000 | 47,717,000 | 50,304,000 | 50,304,000 | 25,335,000 | 30,625,000 | 18,423,000 | 34,062,000 | 34,062,000 |
capital expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
free cash flows | 44,246,000 | 31,959,000 | 36,021,000 | 36,021,000 | 41,224,000 | 35,349,000 | 33,776,000 | 26,796,000 | 26,796,000 | 34,296,000 | 25,284,000 | 42,410,000 | 29,651,000 | 29,651,000 | 100,863,000 | 25,000 | 35,824,000 | 18,287,000 | 18,287,000 | 45,762,000 | 40,835,000 | 31,965,000 | 47,849,000 | 47,849,000 | 41,406,000 | 47,046,000 | 41,625,000 | 39,164,000 | 39,164,000 | 42,949,000 | 40,722,000 | 42,477,000 | 39,544,000 | 39,544,000 | 34,986,000 | 35,426,000 | 45,818,000 | 32,416,000 | 32,416,000 | 154,585,000 | -3,836,000 | 60,400,000 | 47,717,000 | 50,304,000 | 50,304,000 | 25,335,000 | 30,625,000 | 18,423,000 | 34,062,000 | 34,062,000 |
| ||||||||||||||||||||||||||||||||||||||||||||||||||
investing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||
additions to vessel and equipment | 9,000 | 0 | -213,000 | -213,000 | -29,000 | -5,000 | -70,000 | -70,000 | -6,726,000 | -6,726,000 | ||||||||||||||||||||||||||||||||||||||||
proceeds from asset swap | 0 | 0 | 1,040,000 | 1,040,000 | -754,000 | |||||||||||||||||||||||||||||||||||||||||||||
acquisition of daqing knutsen | ||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from investing activities | -26,040,000 | 0 | 827,000 | 827,000 | -783,000 | 520,000 | -5,000 | -70,000 | -70,000 | 32,000 | -67,000 | -1,314,000 | -1,430,000 | -1,430,000 | -857,000 | -173,000 | -173,000 | -4,645,000 | -143,000 | -22,000 | -6,726,000 | -6,726,000 | -21,091,000 | 21,000 | -10,000 | -15,376,000 | -15,376,000 | -94,857,000 | -1,140,000 | -32,842,000 | -28,075,000 | -32,800,000 | -32,800,000 | -13,103,000 | -328,000 | |||||||||||||||
financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from long-term debt | 0 | 0 | 5,000,000 | 5,000,000 | 166,858,000 | 10,000 | 0 | 345,000,000 | 5,000,000 | 94,300,000 | 94,300,000 | 0 | 352,279,000 | 0 | 145,500,000 | 145,500,000 | 211,500,000 | 33,500,000 | 48,000,000 | 125,000,000 | 5,000,000 | 5,000,000 | 0 | |||||||||||||||||||||||||||
repayment of long-term debt | -119,525,000 | -34,078,000 | -34,078,000 | -37,639,000 | -22,782,000 | -37,700,000 | -37,700,000 | -26,052,000 | -37,512,000 | -20,807,000 | -20,807,000 | -98,835,000 | -19,302,000 | -19,302,000 | -26,126,000 | -347,488,000 | -25,538,000 | -106,670,000 | -106,670,000 | -31,475,000 | -352,747,000 | -24,802,000 | -121,200,000 | -121,200,000 | -297,708,000 | -68,332,000 | -61,916,000 | -113,009,000 | -54,451,000 | -54,451,000 | -22,771,000 | -13,579,000 | -16,062,000 | -8,580,000 | -8,580,000 | |||||||||||||||
payment of debt issuance cost | 15,000 | 0 | 0 | 5,000 | -20,000 | -3,717,000 | 0 | -1,478,000 | -1,478,000 | -77,000 | 0 | 0 | 0 | 21,000 | 21,000 | -4,194,000 | -61,000 | -1,053,000 | -1,053,000 | -1,241,000 | -82,000 | |||||||||||||||||||||||||||||
cash distributions | -2,602,000 | -2,601,000 | -2,602,000 | -2,602,000 | -2,601,000 | -2,603,000 | -2,601,000 | -2,602,000 | -2,602,000 | -2,602,000 | -2,602,000 | -2,601,000 | -2,602,000 | -2,602,000 | -19,867,000 | -19,868,000 | -19,868,000 | -19,850,000 | -19,834,000 | -19,834,000 | ||||||||||||||||||||||||||||||
repurchase of common units | ||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from financing activities | -7,316,000 | -32,981,000 | -36,680,000 | -36,680,000 | -40,225,000 | -25,385,000 | -27,408,000 | -40,302,000 | -40,302,000 | -23,654,000 | -35,109,000 | -30,338,000 | -23,409,000 | -23,409,000 | 12,470,000 | -39,170,000 | -39,170,000 | -45,489,000 | -25,604,000 | -40,372,000 | -33,682,000 | -33,682,000 | -18,386,000 | -24,496,000 | -44,696,000 | -19,127,000 | -19,127,000 | -41,378,000 | 12,995,000 | -54,029,000 | 9,969,000 | -10,313,000 | -10,313,000 | -11,816,000 | -28,636,000 | -26,301,000 | -23,592,000 | -23,592,000 | ||||||||||||
effect of exchange rate changes on cash | -5,000 | 84,000 | 159,000 | 159,000 | -508,000 | 122,000 | 13,000 | -102,000 | -102,000 | 58,000 | 15,000 | -40,000 | -40,000 | -250,000 | 50,000 | 50,000 | 60,000 | -72,000 | -1,000 | -5,000 | -5,000 | 361,000 | -14,000 | -80,000 | 35,000 | 35,000 | 90,000 | -33,000 | 88,000 | 39,000 | -4,000 | -4,000 | -134,000 | 54,000 | -122,000 | 145,000 | 145,000 | |||||||||||||
net increase in cash and cash equivalents | 10,885,000 | -938,000 | 327,000 | 327,000 | -292,000 | 10,606,000 | 6,376,000 | -13,678,000 | -13,678,000 | 10,732,000 | -9,935,000 | 10,773,000 | 4,772,000 | 4,772,000 | 47,187,000 | -21,006,000 | -21,006,000 | -4,312,000 | 15,016,000 | -8,430,000 | 7,436,000 | 7,436,000 | 2,290,000 | 695,000 | -1,322,000 | 2,418,000 | 1,393,000 | 10,936,000 | 1,032,000 | -2,051,000 | -2,051,000 | 18,440,000 | 7,986,000 | -26,383,000 | 29,650,000 | 7,187,000 | 7,187,000 | 359,000 | 1,638,000 | -3,115,000 | 5,209,000 | 5,209,000 | ||||||||
cash and cash equivalents at the beginning of the period | 0 | 0 | 66,933,000 | 66,933,000 | 0 | 0 | 0 | 63,921,000 | 63,921,000 | 0 | 0 | 0 | 47,579,000 | 47,579,000 | 62,231,000 | 0 | 0 | 62,293,000 | 62,293,000 | 0 | 0 | 0 | 52,583,000 | 52,583,000 | 0 | 0 | 0 | 43,525,000 | 43,525,000 | 0 | 0 | 0 | 41,712,000 | 41,712,000 | 0 | 0 | 0 | 46,104,000 | 46,104,000 | 27,664,000 | 0 | 0 | 0 | 27,664,000 | 27,664,000 | 0 | 23,573,000 | 23,573,000 | ||
cash and cash equivalents at the end of the period | 10,885,000 | -938,000 | 67,260,000 | 67,260,000 | -292,000 | 10,606,000 | 6,376,000 | 50,243,000 | 50,243,000 | 10,732,000 | -9,935,000 | 10,773,000 | 52,351,000 | 52,351,000 | 47,530,000 | -39,000 | 47,187,000 | 41,287,000 | 41,287,000 | -4,312,000 | 15,016,000 | -8,430,000 | 60,019,000 | 60,019,000 | 2,290,000 | 8,857,000 | -2,784,000 | 44,220,000 | 44,220,000 | -1,322,000 | 2,418,000 | -676,000 | 43,105,000 | 43,105,000 | -14,309,000 | 10,936,000 | 1,032,000 | 44,053,000 | 44,053,000 | 46,104,000 | 7,986,000 | -26,383,000 | 29,650,000 | 34,851,000 | 34,851,000 | 1,715,000 | 28,782,000 | 28,782,000 | ||
income tax (benefit)/expense | 579,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
unrealized (gain) loss on derivative instruments | 4,455,000 | -939,000 | 5,316,000 | -18,209,000 | -11,921,000 | 23,893,000 | 6,219,000 | -9,477,000 | -1,258,000 | 2,259,000 | ||||||||||||||||||||||||||||||||||||||||
unrealized (gain) loss on foreign currency transactions | -355,000 | 187,000 | -12,000 | -45,000 | -60,000 | 130,000 | 14,000 | -79,000 | -1,000 | -44,000 | ||||||||||||||||||||||||||||||||||||||||
decrease (increase) in amounts due from related parties | -327,000 | -851,000 | -525,000 | -189,000 | 4,520,000 | -210,000 | 55,000 | 55,000 | -243,000 | 20,829,000 | -65,000 | |||||||||||||||||||||||||||||||||||||||
decrease (increase) in inventories | -1,365,000 | -590,000 | 2,259,000 | -556,000 | 40,000 | 176,000 | 76,000 | 76,000 | -18,000 | 50,000 | -420,000 | -15,000 | ||||||||||||||||||||||||||||||||||||||
decrease (increase) in other current assets | -3,085,000 | -2,775,000 | 1,688,000 | -6,063,000 | -4,291,000 | 1,274,000 | -270,000 | -59,000 | ||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in accrued income | -1,334,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
gain from disposal of vessel | -1,342,000 | -1,342,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
net gain from sale of asset | ||||||||||||||||||||||||||||||||||||||||||||||||||
repayments of long-term debt | ||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in accrued revenue | 1,449,000 | 355,000 | 427,000 | 358,000 | 353,000 | 350,000 | -295,000 | -589,000 | -540,000 | -146,000 | -151,000 | -149,000 | -215,000 | -245,000 | -461,000 | |||||||||||||||||||||||||||||||||||
decrease (increase) in accrued revenue | 427,000 | 350,000 | 278,000 | 275,000 | 275,000 | -589,000 | -149,000 | -461,000 | ||||||||||||||||||||||||||||||||||||||||||
(additions) to vessel and equipment | ||||||||||||||||||||||||||||||||||||||||||||||||||
income tax (benefit) expense | 142,000 | -245,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
disposals (additions) to vessel and equipment | -1,430,000 | -1,430,000 | -173,000 | -173,000 | -143,000 | 3,000 | 21,000 | -849,000 | -76,000 | 246,000 | -426,000 | -426,000 | 3,000 | -328,000 | -191,000 | -330,000 | -330,000 | |||||||||||||||||||||||||||||||||
acquisition of synnøve knutsen | ||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from issuance of general partner units | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from public offering | ||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of tove knutsen | ||||||||||||||||||||||||||||||||||||||||||||||||||
write-down | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||
interest expenses | 6,106,000 | 6,147,000 | 6,271,000 | 6,271,000 | ||||||||||||||||||||||||||||||||||||||||||||||
interest paid | -5,979,000 | -6,553,000 | -6,259,000 | -6,312,000 | -6,312,000 | |||||||||||||||||||||||||||||||||||||||||||||
interest expense | ||||||||||||||||||||||||||||||||||||||||||||||||||
changes in operating assets and liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||
increase prepaid revenue | -3,603,000 | 8,768,000 | -8,319,000 | -8,319,000 | 1,435,000 | -4,234,000 | 5,309,000 | 2,437,000 | -2,077,000 | -2,077,000 | -1,735,000 | 3,598,000 | 3,598,000 | |||||||||||||||||||||||||||||||||||||
cash distribution | -19,868,000 | -19,834,000 | -19,834,000 | -19,834,000 | -19,834,000 | -68,970,000 | -18,179,000 | -17,388,000 | -17,024,000 | -16,379,000 | -16,379,000 | -15,027,000 | -15,027,000 | -15,095,000 | -15,012,000 | -15,012,000 | ||||||||||||||||||||||||||||||||||
amortization of intangible assets and contract liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of anna knutsen | 0 | 0 | -15,376,000 | -15,376,000 | ||||||||||||||||||||||||||||||||||||||||||||||
repayment of long-term debt from related parties | 0 | 1,000 | -22,536,000 | -22,536,000 | -93,369,000 | 0 | -22,706,000 | -22,703,000 | -47,960,000 | -47,960,000 | ||||||||||||||||||||||||||||||||||||||||
net proceeds from issuance of common units | 0 | 0 | -4,000 | -4,000 | 120,946,000 | 66,067,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||
net cash (used in) investing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||
net cash (used in) financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||
increase (decrease) in trade accounts payable | 1,921,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
increase (decrease) in accrued expenses | 149,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
increase (decrease) prepaid charter | 462,000 | 659,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
increase (decrease) in amounts due to related parties | ||||||||||||||||||||||||||||||||||||||||||||||||||
net increase (decrease) in cash and cash equivalents | 695,000 | -676,000 | 1,393,000 | |||||||||||||||||||||||||||||||||||||||||||||||
increase (decrease) prepaid revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of brasil knutsen | -547,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of lena knutsen | -32,766,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of vigdis knutsen | -28,321,000 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||
acquisition of tordis knutsen | -32,374,000 | 0 | 0 | 0 | -32,374,000 | -32,374,000 | ||||||||||||||||||||||||||||||||||||||||||||
net proceeds from sale of convertible preferred units | 0 | 38,829,000 | 48,614,000 | 48,614,000 | ||||||||||||||||||||||||||||||||||||||||||||||
proceeds from long-term debt from related parties | ||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from sale of series a convertible preferred units | 87,464,000 | 21,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
goodwill impairment charge | ||||||||||||||||||||||||||||||||||||||||||||||||||
increase in accrued revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of raquel knutsen | ||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of ingrid knutsen | ||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of dan sabia | ||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt from related parties | ||||||||||||||||||||||||||||||||||||||||||||||||||
payment on debt issuance cost | ||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from investing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from financing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from issuance of common unit | 54,863,000 | 54,863,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from public offering, net of underwriters’ discount | ||||||||||||||||||||||||||||||||||||||||||||||||||
offering cost | ||||||||||||||||||||||||||||||||||||||||||||||||||
other items | ||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of the raquel knutsen | ||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of the hilda knutsen and torill knutsen | ||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of the dan cisne | ||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of the dan sabia | ||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of the ingrid knutsen | ||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt | ||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated interest from related party | ||||||||||||||||||||||||||||||||||||||||||||||||||
payments of debt issuance cost | ||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from public offerings, net of underwriters’ discount | ||||||||||||||||||||||||||||||||||||||||||||||||||
change in restricted cash | ||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at the beginning of the year | ||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at the end of the year | ||||||||||||||||||||||||||||||||||||||||||||||||||
increase in prepaid revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in amounts due to related parties | ||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from (provided by) investing activities | -330,000 | -330,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
accumulated interest expense on long-term debt from related parties | ||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in trade accounts receivable | ||||||||||||||||||||||||||||||||||||||||||||||||||
increase in other liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of the carmen knutsen | ||||||||||||||||||||||||||||||||||||||||||||||||||
changes in payables to related parties | ||||||||||||||||||||||||||||||||||||||||||||||||||
contributions from/distribution to owner | ||||||||||||||||||||||||||||||||||||||||||||||||||
cash distributed to knot | ||||||||||||||||||||||||||||||||||||||||||||||||||
changes in payables to owners and affiliates | ||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | ||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of contract liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income tax expense | ||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in receivables from owner and affiliates | ||||||||||||||||||||||||||||||||||||||||||||||||||
increase in amounts due from related parties | ||||||||||||||||||||||||||||||||||||||||||||||||||
settlement of foreign exchange forward contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of short-term debt | ||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from initial public offering, net of underwriters’ discount |
