KNOT Offshore Partners posted lower profits in the first quarter thanks to increased financing costs.
The Gary Chapman-led shuttle tanker owner also announced it extended the maturity of its $25m unsecured credit facility coming due in August.
For the first three months of 2019, KNOT posted $12.9m in profit, down from the $30.7m from the same period in 2018.
Revenues and expenses stayed largely steady at $70.5m
