KNOT Offshore Partners LP Common Units representing Limited Partner Interests (KNOP) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, thank you for joining us and welcome to the NAAF first quarter 2026 earnings call. After today's prepared remarks, we will host a question and answer session with an opportunity for equity research analysts to ask questions. If you would like to ask a question, please raise your hand. If you had dialed into today's call, please press star one to raise your hand. I will now hand the conference over to Derek Lowe. Please go ahead. Thank you, Jade, and good morning, ladies and gentlemen. My name is Derek Lowe, and I'm the Chief Executive and Chief Financial Officer of Knott Offshore Partners. Welcome to the partnership's earnings call for the first quarter of 2026. Our website is knottoffshorepartners.com, and you can find the earnings release there along with this presentation. On slide two, you will find guidance on the inclusion of forward-looking statements in today's presentation. These are made in good faith and reflect management's current views and 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 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. We begin on slide four with the Q1 financial and operational headlines. Revenues were $92 million. Operating i...