KNOT Offshore Partners (KNOP) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
KNOT Offshore Partners reported Q3 2024 revenues of $76.3 million but faced a net loss of $3.8 million, despite strong fleet utilization at 98.8%. The company announced new charter agreements and highlighted optimism in the Brazilian offshore oil market, expecting robust demand to drive growth. As the largest shuttle tanker operator, KNOT aims to leverage market improvements for future value creation.
For further insights into KNOP stock, check out TipRanks’ Stock Analysis page.