Brief: Knot Offshore sees full year net income to range from $60 mln to $62 mln

KNOT Offshore Partners LP

15/02/2017 06:10

Feb 15 (Reuters) - Knot Offshore Partners Lp  KNOP.N  
    * Knot Offshore Partners LP earnings release_interim results 
for the period ended December 31, 2016 
    * Q4 revenue $45 million versus I/B/E/S view $43.9 million 
    * Sees FY net income to range from $60 million to $62 
million; 
    * Knot Offshore Partners-Unit entered agreement to buy Knot 
24, company that owns shuttle tanker, Tordis Knutsen, from 
Knutsen Nyk 
    * Says purchase price of acquisition is $147.0 million 
    * Says purchase price will be settled in cash 
    * Knot Offshore-Partnership's board and conflicts committee 
of board have approved purchase price of acquisition 
    * Knot Offshore-Partnership estimates deal to generate about 
$7.8 million of net income,about $16.2 million of ebitda for 12 
months following deal close 
    * Knot Offshore Partners-Partnership's earnings for Q1 of 
2017 to be affected by planned dry-docking of Windsor Knutsen 
which will commence in Europe in mid-February 
    * Knot Offshore -Expects to receive options to acquire three 
additional vessels (in addition to Tordis Knutsen ) owned by 
Knutsen Nyk 
 
    Source text for Eikon:  ID:nBw4l6zlSa  
    Further company coverage:  KNOP.N  
 
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