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KNOT Offshore Partners delivered a stable quarter with revenue rising to $87.1M and net income reaching $6.8M. The company achieved full utilization for scheduled operations and expanded its presence in Brazil through new charter agreements and a vessel acquisition.
KNOT Offshore Partners delivered solid operational performance in Q1 2025 with high vessel utilization and consistent earnings, despite a decline in operating income from the previous quarter.
The company delivered $91.3 million in revenue and $23.3 million in net income for Q4 2024, driven by high fleet utilization and increased charter activity.