KNOT Offshore Partners LP announced robust financial results for the fourth quarter ended December 31, 2024, reporting total revenues of $91.3 million, which included $5.9 million in insurance proceeds. The partnership achieved an operating income of $34.7 million and a net income of $23.3 million for the quarter.
Adjusted EBITDA for Q4 2024 reached $63.1 million, demonstrating strong operational cash flow generation. The company's available liquidity stood at $90.4 million as of December 31, 2024, comprising $70.4 million in cash and cash equivalents and $20 million in undrawn credit facilities.
For the full fiscal year 2024, KNOT Offshore Partners reported a profit of $14.1 million on total revenues of $318.6 million. These results highlight a period of solid financial performance and effective management within the specialized shuttle tanker market.
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