KNOT Offshore Partners LP Common Units representing Limited Partner Interests (KNOP) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and thank you all for attending the E-NOT Offshore Partners Second Quarter 2025 Earnings Call. My name is Brika and I will be your moderator for today. All lines will be muted during the presentation portion of the call with an opportunity for questions and answers at the end. I would now like to pass this conference over to your host, our CEO, Derek Lowe. Thank you. You may proceed, Derek. Thank you, Breaker, and good morning, ladies and gentlemen. My name is Derek Lowe, and I'm the Chief Executive and Chief Financial Officer of Not Offshore Partners. Welcome to the Partnerships Earnings Call for the second quarter of 2025. Our website is notoffshorepartners.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, 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 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 gap measures, and our earnings release includes a reconciliation of these to the most directly comparable gap measures. On slide three, we have the Q2 financial and operational headlines. Revenues were $87.1 million, operating income $22.2 million, and net income $6.8 mil...