KNOT Offshore Partners LP (NYSE:KNOP) is reporting second quarter financial results on Thursday 27th August 2020, before market open.
According to analysts surveyed by Thomson Reuters, KNOP is expected to report 2Q20 income of $ 0.57 per share from revenue of $ 71.00 million.
For the full year, analysts anticipate top line of $ 294.00 million, while looking forward to income of $ 1.60 per share bottom line.
Previous Quarter Performance
KNOT Offshore Partners LP unveiled loss for the first quarter of $ 0.19 per share, from the revenue of $ 67.82 million. Street analysts expected KNOT Offshore Partners LP to report income of $ 0.50 per share on revenue of $ 70.10 million for the first quarter. The bottom line results missed street analysts by $ 0.69 or 138 percent, at the same time, top line results fell short of analysts by $ 2.28 million or 3.25 percent.
Stock Performance
Shares of KNOT Offshore Partners LP traded low $ -0.32 or -2.46 percent on Wednesday, reaching $ 12.70 with volume of 172.90 thousand shares. KNOT Offshore Partners LP has traded high as $ 13.02 and has cracked $ 12.75 on the downward trend
The closing price of $ 12.70, representing a 50.17 % increase from the 52 week low of $ 8.67 and a 37.91 % decrease over the 52 week high of $ 20.97.
The company has a market capital of $ 415.22 million and is part of the Industrials sector and Shipping & Ports industry.
Recent Stock Dividend Announcement
On July 15, 2020, the board of directors authorized quarterly dividend of $ 0.52 per share to holders of record as of the close of business on July 30, 2020, with payment date of August 13, 2020 and ex-dividend date on July 29, 2020.
Conference Call
KNOT Offshore Partners LP will be hosting a conference call at 11:00 AM eastern time on 27th August 2020, to discuss its 2Q20 financial results with the investment community. The participants may dial, 1-855-209-8259 Toll Free, (United States) or 1-412-542-4105 Toll Number, with passcode : KNOT Offshore Partners LP call in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website 78449.choruscall.com/dataconf/productusers/knop/mediaframe/39732/indexr.html
KNOT Offshore Partners LP owns and operates shuttle tankers under long-term charters in the North Sea and Brazil. The company provides loading, transportation, and storage of crude oil under time charters and bareboat charters. As of April 10, 2019, it had a fleet of 16 shuttle tankers.
