KNOP Announces $225M Refinancing Plan and Distribution Increase to $0.075
KNOT Offshore Partners (NYSE: KNOP) has outlined a refinancing plan of $225 million, along with the drop-down of its Hedda Knutsen vessel valued at approximately $113 million. The company also increased its quarterly distribution to shareholders from $0.067 per unit to $0.075 per unit. In Q2 2026, KNOP reported revenues of $96.8 million and adjusted EBITDA of $57.6 million. Operating income stood at $15.6 million with a net income of $3.4 million for the quarter. As of June 30, 2026, available liquidity was $143.3 million. The refinancing and drop-down are expected to strengthen KNOP's balance sheet while supporting its distribution growth strategy.
Tickers: $KNOP
Topics: adjusted_ebitda liquidity net_income operating_income revenue