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: C. K. Poe Fratt - AGP / Alliance Global Partners Corp - Analyst
: Just a couple of questions. One on the Fortaleza. Can you give me an appreciation for the potential rate change versus the current time
charter with Transpetro when it moves over to not?
Question: C. K. Poe Fratt - AGP / Alliance Global Partners Corp - Analyst
: Okay. Can I assume it's a higher rate than -- or directionally, Derek?
Question: C. K. Poe Fratt - AGP / Alliance Global Partners Corp - Analyst
: Okay. And then looking at '26 for dry dockings, it looks like it's a pretty active year with at least what probably four, potentially five dry docks.
Question: C. K. Poe Fratt - AGP / Alliance Global Partners Corp - Analyst
: Okay. And then you added the additional I can't pronounce the name, but (inaudible), but G&A didn't go up at all. Is that something we
should continue to look at sort of the G&A at the $1.6 million per quarter range?
Question: C. K. Poe Fratt - AGP / Alliance Global Partners Corp - Analyst
: Yes, just want to double check. And then did I hear you correctly that -- or did I hear you say that the buyback -- the unit buyback program
had concluded?
Question: C. K. Poe Fratt - AGP / Alliance Global Partners Corp - Analyst
: So you've -- so you stopped at $3 million instead of going to the full $10 million -- $10 million authorization?
Question: C. K. Poe Fratt - AGP / Alliance Global Partners Corp - Analyst
: Okay. And then -- no, that's it for me. Derek, can I just have to ask, I know you said you couldn't comment it, but can you at least give us a
ballpark time frame when you think this independent committee process of evaluating or potentially getting the definitive agreement in
place? What a ballpark time frame for that would be.
Question: C. K. Poe Fratt - AGP / Alliance Global Partners Corp - Analyst
: Yes. Okay. But just mechanically, just so we all understand what the process is you get a definitive agreement, then you'll have to put a
proxy out and then you'll have a shareholder vote or (inaudible) vote at some point in time. So it really looks more holistically at least in my
mind, that this would be a first quarter event at the earliest.
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DECEMBER 05, 2025 / 2:30PM, KNOP.N - Q3 2025 Knot Offshore Partners LP Earnings Call
Question: C. K. Poe Fratt - AGP / Alliance Global Partners Corp - Analyst
: Great.
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