KNOT Offshore Partners LP announced its financial results for the third quarter ended September 30, 2024, reporting total revenues of $76.3 million. The partnership recorded an operating income of $17.2 million for the period.
Despite the positive operating income, the company reported a net loss of $3.8 million for Q3 2024. Adjusted EBITDA, a key measure of operational cash flow, stood at $45.1 million for the quarter.
As of September 30, 2024, KNOT Offshore Partners maintained $77.2 million in available liquidity. This liquidity comprised $67.2 million in cash and cash equivalents, alongside $10 million in undrawn revolving credit facilities.
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