KNOT Offshore Partners LP ( (KNOP) ) has released its Q3 earnings. Here is a breakdown of the information KNOT Offshore Partners LP presented to its investors.
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KNOT Offshore Partners LP is a publicly traded master limited partnership that owns, operates, and acquires shuttle tankers under long-term charters in offshore oil production regions, primarily in Brazil and the North Sea. In its latest earnings report for Q3 2025, KNOT Offshore Partners LP reported total revenues of $96.9 million, operating income of $30.7 million, and net income of $15.1 million. The company also highlighted a strong fleet utilization rate and significant liquidity of $125.2 million. Key financial metrics showed an increase in revenues compared to the previous quarter, driven by the addition of the Daqing Knutsen to the fleet. The company also reported a significant improvement in net income from the previous year, reflecting better fleet utilization and improved contract terms. Strategic announcements included the acquisition of a new shuttle tanker, the establishment of a buyback program, and several charter extensions with major clients like Shell and Equinor. Looking ahead, KNOT Offshore Partners LP remains optimistic about the growing demand for shuttle tankers in Brazil and the North Sea, driven by new oil production start-ups and a tightening market. The company is also evaluating an unsolicited acquisition proposal from its parent company, KNOT, which could impact its future operations.