Knot Offshore Partners LP Q3 2023 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Liam Burke - B. Riley - Analyst : Hello, Derek. How are you today?

Question: Liam Burke - B. Riley - Analyst : I'm fine. Thank you. I wanted to ask you about the Cisne and Sabia. They are both in the offshore Brazil , which is looks like to be a really, really fast-growing market, but the size of the vessels are not ideal for Brazil. How do you reconcile that? Is there a fit in that market at all ? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. DECEMBER 14, 2023 / 2:30PM, KNOP.N - Q3 2023 Knot Offshore Partners LP Earnings Call

Question: Liam Burke - B. Riley - Analyst : And you also talked about possibly repositioning, I guess that would be in the prepared -- in your press release you have mentioned repositioning as well .

Question: Liam Burke - B. Riley - Analyst : Okay. And then just on the on the other two vessels, the Hilda and Torill, are you seeing any interest out of that market? What's the degree of interest in Brazil ?

Question: Liam Burke - B. Riley - Analyst : Great. Thank you Derek.

Question: Robert Silvera - R.E. Silvera - Analyst : Thank you very much for taking my call there. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. DECEMBER 14, 2023 / 2:30PM, KNOP.N - Q3 2023 Knot Offshore Partners LP Earnings Call

Question: Robert Silvera - R.E. Silvera - Analyst : We have not contracted for any reason drop downs since the end of last year? Is that correct ?

Question: Robert Silvera - R.E. Silvera - Analyst : Can you help me understand then how our long-term debt from the end of last year went from $686 million to $820 million plus currently.

Question: Robert Silvera - R.E. Silvera - Analyst : Okay. I thought that's what it might mean. So overall, we've really lowered the liability by $81 million, which is good.

Question: Robert Silvera - R.E. Silvera - Analyst : And I thank you. And this market seems to have liked it in the early market on pricing. Could you give me any color on what's happening in the Bering Sea ?

Question: Robert Silvera - R.E. Silvera - Analyst : So, there's no opportunity for us up there ? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. DECEMBER 14, 2023 / 2:30PM, KNOP.N - Q3 2023 Knot Offshore Partners LP Earnings Call

Question: Robert Silvera - R.E. Silvera - Analyst : Okay. Well, that's all for me. Thank you and welcome. And I'm I hope that you can at least round off the dividend from $2.6 to $0.03, make it an even number Anyhow, thank you very much.