News Details

View all news

KNOT Offshore Partners LP Announces Third Quarter 2015 Cash Distribution

October 15, 2015

ABERDEEN, Scotland--(BUSINESS WIRE)-- KNOT Offshore Partners LP (NYSE:KNOP) (“The Partnership”)

Distribution

The Partnership announced today that as a result of the acquisition of Dan Sabia, its Board of Directors has declared a quarterly cash distribution with respect to the quarter ended September 30, 2015, of $0.52 per unit. This represents an increase of 2% over the previous quarter distribution of $0.51 per unit and a 38.7% increase over the minimum quarterly distribution.

This cash distribution will be paid on November 13, 2015 to all unitholders of record as of the close of business on November 2, 2015.

About KNOT Offshore Partners LP

KNOT Offshore Partners LP owns, operates and acquires shuttle tankers under long-term charters in the offshore oil production regions of the North Sea and Brazil. KNOT Offshore Partners LP is structured as a publicly-traded master limited partnership. KNOT Offshore Partners LP’s common units trade on the New York Stock Exchange under the symbol “KNOP.”

Forward Looking statements

This press release includes statements that may constitute forward-looking statements. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management’s control. Factors that can affect future results are discussed in the Annual Report on Form 20-F filed by the Partnership with SEC. The Partnership undertakes no obligation to update or revise any forward-looking statement to reflect new information or events.

Source: KNOT Offshore Partners

KNOT Offshore Partners LP

John Costain, 44 749 6170 620

Chief Executive Officer and Chief Financial Officer

Categories: Press Releases
View all news