KNOT Offshore Partners LP reported Q2 2026 financial results showing total revenues of $96.8 million, operating income of $15.6 million, and net income of $3.4 million. The company declared a quarterly cash distribution of $0.075 per common unit for the period ended June 30, 2026, payable on August 13, 2026, to holders of record as of July 27, 2026. Operational highlights include 96.8% fleet utilization and $143.3 million in available liquidity at quarter-end. The filing also details significant corporate actions, including the acquisition of the shuttle tanker Hedda Knutsen for approximately $24.4 million net cost on September 1, 2026, and the closing of a new $225 million senior secured credit facility on August 25, 2026, to refinance existing term loans maturing in September 2026. KNOT Offshore Partners LP owns, operates, and acquires shuttle tankers primarily under long-term charters in the offshore oil production regions of Brazil and the North Sea.

KNOT Offshore Partners LP acquired the shuttle tanker Hedda Knutsen for an initial net cost of approximately $24.4 million, calculated as a $113.0 million purchase price less $89.4 million in outstanding indebtedness and plus $0.8 million in capitalized fees. The vessel is a 154,000-deadweight ton DP2 Suezmax class tanker built in 2024, operating under a time charter with Petrobras in Brazil that expires in November 2034 with an option for five additional years. Additionally, the company completed the refinancing of $225.8 million in existing term loans into a new $225 million senior secured credit facility backed by five vessels. This new facility carries interest at SOFR plus 1.65% and matures in June 2031 with quarterly installments and an $111.1 million balloon payment, replacing debt previously due in September 2026. KNOT Offshore Partners LP owns, operates and acquires shuttle tankers primarily under long-term charters in the offshore oil production regions of Brazil and the North Sea.