KNOT Offshore Partners finishes second quarter in black

Increased financing costs continue to push down KNOT Offshore Partners' bottom line.

The New York-listed shuttle tanker owner reported $8.2m in net income for the second quarter of 2019 after the close Wednesday.

The performance was a drop from the $21.5m reported for the same period the year prior, primarily due to a $10.3m loss on derivatives as revenues, of $71m, and expenses, of $39m, stayed largely the same.

KNOT Offshore Partners shares were up $0.10, or 0.54%, in after-hours trading to $18.56.