Reuters logo
BRIEF-Knot Offshore sees full year net income to range from $60 mln to $62 mln
February 15, 2017 / 10:31 AM / 8 months ago

BRIEF-Knot Offshore sees full year net income to range from $60 mln to $62 mln

Feb 15 (Reuters) - Knot Offshore Partners Lp

* Knot Offshore Partners LP earnings release_interim results for the period ended December 31, 2016

* Q4 revenue $45 million versus I/B/E/S view $43.9 million

* Sees FY net income to range from $60 million to $62 million;

* Knot Offshore Partners-Unit entered agreement to buy Knot 24, company that owns shuttle tanker, Tordis Knutsen, from Knutsen Nyk

* Says purchase price of acquisition is $147.0 million

* Says purchase price will be settled in cash

* Knot Offshore-Partnership’s board and conflicts committee of board have approved purchase price of acquisition

* Knot Offshore-Partnership estimates deal to generate about $7.8 million of net income,about $16.2 million of ebitda for 12 months following deal close

* Knot Offshore Partners-Partnership’s earnings for Q1 of 2017 to be affected by planned dry-docking of Windsor Knutsen which will commence in Europe in mid-February

* Knot Offshore -Expects to receive options to acquire three additional vessels (in addition to Tordis Knutsen ) owned by Knutsen Nyk

Source text for Eikon:

Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below