KNOT Offshore Partners LP Common Units (NYSE:KNOP) Q1 2025 Earnings Conference Call May 21, 2025 9:30 AM ET
Company Participants
Derek Lowe – CEO
Conference Call Participants
Liam Burke – B. Riley Securities
Jim Altschul – Aviation Advisors
Pavel Oliva – Rockhill Global
Mario Epelbaum – First New York
Climent Molins – Value Investor’s Edge
Operator
Hello, and welcome, everyone, to the KNOT First Quarter 2025 Earnings Call. My name is Maxine, and I’ll be coordinating the call today. (Operator Instructions). I will now hand you over to Derek Lowe, Chief Executive Officer. Please go ahead.
Derek Lowe
Thank you, Maxine, and good morning, ladies and gentlemen. My name is Derek Lowe, and I’m the Chief Executive and Chief Financial Officer of KNOT Offshore Partners. Welcome to the Partnership’s earnings call for the first quarter of 2025. Our website is knotoffshorepartners.com, and you can find the earnings release there along with this presentation.
On Slide 2, you will find guidance on the inclusion of forward-looking statements in today’s presentation. These are made in good faith and reflect the management’s current views, known and unknown risks and are based on assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond our control. Actual results may differ materially from those expressed or implied in forward-looking statements, and the partnership does not have or undertake a duty to update any such forward-looking statements made as of the date of this presentation. For further information, please consult our SEC filings, especially in relation to our annual and quarterly results. Today’s presentation also includes certain non-US GAAP measures, and our earnings release includes a reconciliation of these to the most directly comparable GAAP measures.
On Slide 3, we have the financial and operational headlines for Q1. Revenues were $84 million, operating income $23.4
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