Financial Highlights For the three months ended March 31, 2021, KNOT Offshore Partners LP ("KNOT Offshore Partners" or the "Partnership"): Generated total revenues of $71.5 million, operating
(2)
Financial Highlights
For the three months ended December 31, 2020, KNOT Offshore Partners LP ( KNOT Offshore Partners or the Partnership ):
Generated total revenues of $69.9 million, operating income of $30.4 million and net income of $24.6 million.
Generated Adjusted EBITDA of $52.9 million (1)
Generated distributable cash flow of $28.6 million (1)
Reported a distribution coverage ratio of 1.58 (2)
Other Partnership Highlights and Events
Fleet operated with 98.6% utilization for scheduled operations.
The Partnership s operations remained materially unaffected by the COVID-19 outbreak to date.
On November 20, 2020, the Partnership entered into a new and additional $25 million unsecured revolving credit facility to further increase its available liquidity.
The Partnership secured new three-year fixed time charter contracts for the vessels,