ABERDEEN, Britain (AP) — Knot Offshore Partners LP (KNOP) on Wednesday reported third-quarter profit of $25.1 million.
The Aberdeen, Britain-based company said it had net income of 77 cents per share.
The tanker company that serves the energy industry posted revenue of $71.3 million in the period.
Knot Offshore shares have dropped 33% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $13.32, a drop of 29% in the last 12 months.