KNOT Offshore Partners Ends Talks on Sponsor’s Buyout Offer

KNOT Offshore Partners ( (KNOP) ) just unveiled an announcement.

On March 19, 2026, KNOT Offshore Partners LP announced that it has terminated discussions over an unsolicited, non-binding buyout proposal first received on October 31, 2025 from its sponsor, Knutsen NYK Offshore Tankers AS, which sought to acquire all publicly held common units for cash. A Conflicts Committee of independent, non-KNOT-affiliated directors had engaged outside financial and legal advisers and held several rounds of talks with KNOT, but the parties concluded they could not reach acceptable terms and ended negotiations, leaving the partnership to continue as a standalone listed vehicle and preserving the current structure for public unitholders.

The decision to halt the proposed take-private process removes the prospect of a near-term cash exit for investors and underscores a valuation or strategic gap between KNOT and the Conflicts Committee. It also signals that governance safeguards for minority unitholders played a central role, as the independent committee led the review of the sponsor’s offer before ultimately determining that an agreement was not attainable under the conditions discussed.

The most recent analyst rating on (KNOP) stock is a Buy with a $11.00 price target. To see the full list of analyst forecasts on KNOT Offshore Partners stock, see the KNOP Stock Forecast page.

Spark’s Take on KNOP Stock

According to Spark, TipRanks’ AI Analyst, KNOP is a Outperform.

KNOT Offshore Partners’ strong valuation and technical indicators are the primary drivers of its score. Financial performance is solid, but high leverage and cash conversion issues are risks. Earnings call insights are mixed, with strategic successes offset by uncertainties.

To see Spark’s full report on KNOP stock, click here.

More about KNOT Offshore Partners

KNOT Offshore Partners LP is a publicly traded master limited partnership that owns, operates and acquires shuttle tankers, mainly under long-term charters in the offshore oil production regions of Brazil and the North Sea. Listed on the New York Stock Exchange under the ticker KNOP, it is treated as a corporation for U.S. federal income tax purposes and issues Form 1099 to its unitholders.

Average Trading Volume: 95,639

Technical Sentiment Signal: Buy

Current Market Cap: $356.5M

For detailed information about KNOP stock, go to TipRanks’ Stock Analysis page.