Knot Offshore Partners (KNOP) Reports Q1 Revenue of $68M
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KNOT Offshore Partners LP Earnings Release—Interim Results for the Period Ended March 31, 2018
June 5, 2018 5:00 PM EDTABERDEEN, Scotland--(BUSINESS WIRE)-- Highlights
For the three months ended March 31, 2018, KNOT Offshore Partners LP (KNOT Offshore Partners or the Partnership):
Generated highest ever quarterly total revenues of $68.0Â million, operating income of $31.9Â million and net income of $30.7Â million. Generated highest ever quarterly Adjusted EBITDA of $53.4Â million.1 Generated highest ever quarterly distributable cash flow of $27.9Â million.1 Reported a distribution coverage ratio of 1.55.2 Fleet operated with 99.6% utilization for scheduled operations and 99.5% utilization taking into account the scheduled drydocking of the Brasil Knutsen, which... More