This solid niche leader posted record revenues, EBITDA, and cash flow for Q2 '17. The yield is 9%, with record 1.43x coverage in Q2 '17. Revenues grew 18%, EBITDA and DCF rose 27%. Management will make another accretive acquisition in Q3 '17. It issues a 1099 at tax time, not a K-1.
Remember the song, "What A Difference A Day Makes"? We'd like to abridge that title to "What A Difference A Quarter Makes" for KNOT Offshore Partners LP (NYSE:KNOP), one of our long-term holdings, which just did a complete turnaround vs. a sub-par Q1 '17. It reported record revenues (up by 18%), EBITDA (up by 27%), and distributable cash flow (up by 27%). Although net income wasn't a company record, it grew by 46% in Q2. KNOT Offshore Partners LP owns and operates shuttle tankers under long-term charters in the North Sea and Brazil. The company provides crude oil loading, transportation, and storage services under time charters and bareboat charters. KNOT Offshore Partners GP LLC serves as the general partner of the company, and Knutsen NYK Offshore Tankers AS is its sponsor. The company was founded in 2013 and is headquartered in Aberdeen, UK.
Source: Seeking Alpha
Related Articles:
- Managing Risk With Dividend Stocks
- If Only I Had Known About These Dividend Stocks...
- 13 Dividend Stocks and 3 ETFs To Balance Your Asset Allocation
- 4 Communications Services Stocks With Increasing Dividends
- 5 Stocks With Room To Grow Their Dividend
A 9% Yield, Record Earnings, Very Strong Coverage, And More Growth Due In 2017 For This Niche LP
Posted by D4L | Sunday, September 10, 2017 | ArticleLinks | 0 comments »________________________________________________________________
Subscribe to:
Post Comments (Atom)
~
Popular Posts Last 30 Days
-
As a relatively new blogger, the one thing that has stood out in my mind is the number of Canadian bloggers in the areas that I am most inte...
-
Boring stocks to buy and hold almost always align with deeply established businesses. While they won’t offer the outstanding growth potentia...
-
Did you know that if a company were to increase its dividends by 5% per year, it would take 14 years for its payouts to double? And if its r...
-
The quick rise in interest rates over the past year turned investor sentiment toward REITs negative. Higher interest rates make it harder fo...
-
While there are many paths investors can take to generate long-term wealth, our preferred method is to buy-and-hold quality dividend stocks ...
-
Indeed, with recession on the horizon, investors are increasingly emphasizing quality, safety and dividends in their portfolio selections. W...
-
While it is prudent to build a more robustly diversified portfolio than just three stocks, the three discussed in this article are sure to g...
-
Cash is king when you’re looking to add dividend stocks to your portfolio There’s ample reason for caution. In case you haven’t noticed, a l...
-
Linked here is a detailed quantitative analysis of Texas Instruments Inc. (TXN). Below are some highlights from the above linked analysis: C...
-
Countless people dream of being able to pay their bills with the cash they receive from their investments. But it doesn't have to be jus...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.