The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Liam Burke - B. Riley Securities Holdings Inc - Analyst
: Thank you. Derek, how are you today?
Question: Liam Burke - B. Riley Securities Holdings Inc - Analyst
: I'm just fine. Thank you. On the Daqing Knutsen, I know you've got customary closing events prior to taking delivery, but could you give us a sense
as to when you'd expect to take delivery on that vessel?
Question: Liam Burke - B. Riley Securities Holdings Inc - Analyst
: Oh, okay, because it says a customary closing. Okay, great. Second question I had was on the drop-downs. There are four additional vessels. You
made the closing of the Daqing in a very shareholder-friendly manner. Do you anticipate being able to continue to do that?
Question: Liam Burke - B. Riley Securities Holdings Inc - Analyst
: Well, that and the fact there's four currently available in addition to the new builds. What I was getting at is, I mean, you were able to add one more
vessel quite easily in a very shareholder-friendly manner. I guess, more or less, do you have a sense of timing based on your financing flexibility
and your desire to grow the fleet?
Question: Liam Burke - B. Riley Securities Holdings Inc - Analyst
: Great. Thank you, Derek.
Question: Climent Molins - Value Investor's Edge - Analyst
: Hi. Thank you for taking my questions. I want to ask about the older Windsor Knutsen, the Fortaleza, and the Recife. Could you talk a bit about how
contracting discussions with potential customers compare relative to your more modern tonnage? And is there maybe any appetite to dispose of
these vessels over the coming years?
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SEPTEMBER 26, 2025 / 1:30PM, KNOP.N - Q2 2025 Knot Offshore Partners LP Earnings Call
Question: Climent Molins - Value Investor's Edge - Analyst
: Makes sense. And you've been clear that your near-term priority is to continue expanding the fleet. But could you talk a bit on how you plan to mix
that with potential distribution increases in the medium term?
Question: Climent Molins - Value Investor's Edge - Analyst
: That's helpful. That's everything from me. Thank you for taking my questions.
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