KNOT Offshore Partners LP(KNOP) - 2025 Q1 - Earnings Call Presentation

Financial Performance - Q1 2025 - Revenues reached $84 million[7] - Operating income was $234 million[7] - Net income amounted to $76 million[7] - Adjusted EBITDA stood at $522 million[7] - Available liquidity as of March 31, 2025, was $1008 million, including $673 million in cash and $335 million from an undrawn credit facility[7] Operational Highlights - Fleet utilization was 995%, or 969% overall when considering drydocking schedules for the Raquel Knutsen and Windsor Knutsen[7] - A cash distribution of $0026 per common unit was paid in May 2025[7] - The company is repaying debt at approximately $90+ million per year[8] Contractual and Fleet Updates - The contractual backlog expanded to $854 million of fixed contracts, averaging 23 years[8] - Charterers' options average an additional 47 years[8] - The fleet consists of 18 vessels with an average age of 98 years[8] - The Live Knutsen was purchased and the Dan Sabia was sold in a swap transaction with Knutsen NYK[9, 13]