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Posted by
Two Blokes May 27 -
Filed in
Stock
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3 views
KNOT Offshore Partners reported better-than-expected first quarter results, with both revenues and profitability coming in ahead of consensus estimates. While the company is facing substantial near-term debt maturities, extension or refinancing shouldn't be an issue. The ballooning Brazil shuttle tanker book remains a cause for concern, but I would expect parent Knutsen NYK to provide further support if required.
