KNOT Offshore Partners LP (KNOP) Q2 2024 Earnings Call Transcript Summary
KNOT Offshore Partners LP (KNOP) Q2 2024 Earnings Call Transcript Summary
The company reported a net loss of $12.9 million mainly due to vessel impairments.The following is a summary of the KNOT Offshore Partners LP (KNOP) Q2 2024 Earnings Call Transcript:
以下是KNOT Offshore Partners LP（KNOP）2024年第二季度业绩会交流记录总结：
Financial Performance:
金融业绩：
KNOP reported Q2 2024 revenues of $74.4 million, with an operating income of $1.3 million.
Adjusted EBITDA stood at $45.5 million.
The company reported a net loss of $12.9 million mainly due to vessel impairments.
Excluding impairments, the net income would have been $3.5 million.
KNOP declared a cash distribution of $0.026 per common unit in early August.
The company closed Q2 with a liquidity of $66 million, comprising $56 million in cash and cash equivalents and $10 million in undrawn capacity on credit facilities.
KNOP报告2024年第二季度营业收入为$74.4百万美元，营业利润为$1.3百万美元。
调整后的EBITDA为$45.5百万美元。
该公司报告的净亏损为$12.9百万美元，主要是由于船只减值。
不计入减值的话，净利润将为$3.5百万美元。
KNOP于8月初宣布每个普通单位分配现金$0.026。
该公司第二季度结束时的流动性为$66百万美元，其中现金及现金等价物为$56百万美元，未使用额度的信贷设施为$10百万美元。
Business Progress:
业务进展：
KNOP recently added the Tuva Knutsen to its fleet, enhancing its contractual footprint.
The company extended its contracts with Shell for Tordis and Lena Knutsen vessels by one year, with options for three more years, securing operations until Q3 of 2028.
The company successfully swapped Dan Cisne for Tuva Knutsen, improving the average fleet age and focusing on high demand segments.
KNOP remains operationally efficient with an average vessel age of 10.2 years and a strong debt service capacity.
Contracts secured offer a strong revenue baseline of $773 million with an average duration of 2.3 years, plus additional options averaging a further 2.3 years.
KNOP最近将图厄瓦·克努森号加入其船队，增强了其合同覆盖范围。
该公司与Shell公司将托蒂斯号和莱娜·克努森号的合同延长了一年，并获得了为期三年的期权，确保运营至2028年第三季度。
该公司成功将丹·西斯内号和图厄瓦·克努森号进行交换，提高了平均船队年龄，并专注于高需求领域。
KNOP保持操作高效，平均船龄为10.2年，具备强大的债务偿付能力。
已获得的合同为$77300万提供了一个稳定的营收基准，平均持续时间为2.3年，还有额外的期权平均可延长2.3年。
Opportunities:
机会：
The FPSO market in Brazil is robust, indicating strong current and future demands for shuttle tankers.
Newbuild contracts for shuttle tankers, including those due for delivery to Knutsen NYK in the future with 10-year contracts, support confidence in market growth.
巴西的FPSO市场强劲，表明目前和未来对摆渡油轮的需求强劲。
新建合同的摆渡油轮，包括那些将在未来交付给Knutsen NYk并享有10年合同的船只，将支持对市场增长的信心。
Risks:
风险：
Potential near-term challenges in finding employment for uncontracted vessels like Dan Sabia and Hilda Knutsen in a competitive market.
在竞争激烈的市场中，像丹·萨比亚和希尔达·克努岑这样未签约的船只在就业上可能面临近期的挑战。
Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：本文由AI生成。文章内容的准确性无法完全保证。有关更全面的详细信息，请参阅IR网站。本文只是为投资者提供参考，没有任何指导或推荐建议。
