KNOT Offshore Partners LP (KNOP)
NYSE:KNOP
Want to see KNOP full AI Analyst Report?
KNOP Stock Chart & Stats
$10.12
$0.04(0.64%)
At close: 4:00 PM EST
$10.12
$0.04(0.64%)
Day’s Range― - ―
52-Week Range$6.16 - $11.78
Previous CloseN/A
Volume9.76K
Average Volume (3M)95.63K
Market Cap
$380.08M
Enterprise Value$1.21B
Total Cash (Recent Filing)$92.66M
Total Debt (Recent Filing)$929.62M
Price to Earnings (P/E)20.3
Beta0.05
Next Earnings
Aug 20, 2026EPS Estimate
0.15Next Dividend Ex-DateN/A
Dividend Yield1%
Share Statistics
EPS (TTM)0.53
Shares Outstanding33,660,343
10 Day Avg. Volume117,581
30 Day Avg. Volume95,628
Financial Highlights & Ratios
PEG Ratio0.07
Price to Book (P/B)0.57
Price to Sales (P/S)0.96
P/FCF Ratio2.26
Enterprise Value/Market Cap3.18
Enterprise Value/Revenue3.24
Enterprise Value/Gross Profit11.58
Enterprise Value/Ebitda5.30
Forecast
1Y Price Target
$14.50Price Target Upside43.28% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)1.48
Revenue Forecast (FY)$368.82M
Bulls Say, Bears Say
Bulls Say
High EBITDA Margins & Cash GenerationSustained ~61% EBITDA margins and robust operating/free cash flow indicate durable contract economics from long-term charters. Strong cash conversion supports maintenance, debt repayment and selective growth (drop-downs), reducing reliance on volatile spot markets over the next 2–6 months.
Multi-year BacklogAn $858M fixed contract backlog with ~2.4 years remaining provides multi-year revenue visibility and reduces near-term cash flow volatility. This coverage supports predictable charter cash flows, underwriting of financing and modest distribution policy decisions for the medium term.
High Utilization And Recharter SuccessVery high fleet utilization and repeated successful recharters demonstrate demand resilience and commercial execution. Strong employment rates limit idle capacity risk and support steady revenue capture, enhancing long‑term operating leverage and fleet cash generation.
Bears Say
Elevated LeverageDebt-to-equity near 1.5x is persistent and constrains financial flexibility. Elevated leverage increases refinancing dependency and interest burden, limiting free cash for growth or distributions and making the partnership more sensitive to financing market conditions over the coming months.
Near-term Refinancing NeedsMaterial upcoming financings ($220M Sept, $65M Oct) create execution risk. Even with constructive past refinancings, these milestones concentrate funding needs in a short window and could affect liquidity, covenant room or incremental cost of capital if markets or credit spreads shift.
GAAP Profit Headwinds From DepreciationA large gap between adjusted EBITDA and GAAP net income, amplified by a reduced vessel useful life (23→20 yrs), increases non‑cash depreciation and will compress reported earnings. Persistently low GAAP profits can pressure ROE, covenants and perceived profitability despite cash strength.
KNOT Offshore Partners News
KNOP FAQ
What was KNOT Offshore Partners LP’s price range in the past 12 months?
KNOT Offshore Partners LP lowest stock price was $6.16 and its highest was $11.78 in the past 12 months.
What is KNOT Offshore Partners LP’s market cap?
KNOT Offshore Partners LP’s market cap is $380.08M.
When is KNOT Offshore Partners LP’s upcoming earnings report date?
KNOT Offshore Partners LP’s upcoming earnings report date is Aug 20, 2026 which is in 78 days.
How were KNOT Offshore Partners LP’s earnings last quarter?
KNOT Offshore Partners LP released its earnings results on May 29, 2026. The company reported $0.078 earnings per share for the quarter, missing the consensus estimate of $0.304 by -$0.226.
Is KNOT Offshore Partners LP overvalued?
According to Wall Street analysts KNOT Offshore Partners LP’s price is currently Undervalued.
Does KNOT Offshore Partners LP pay dividends?
KNOT Offshore Partners LP pays a Quarterly dividend of $0.026 which represents an annual dividend yield of 1%. See more information on KNOT Offshore Partners LP dividends here
What is KNOT Offshore Partners LP’s EPS estimate?
KNOT Offshore Partners LP’s EPS estimate is 0.15.
How many shares outstanding does KNOT Offshore Partners LP have?
KNOT Offshore Partners LP has 33,660,343 shares outstanding.
What happened to KNOT Offshore Partners LP’s price movement after its last earnings report?
KNOT Offshore Partners LP reported an EPS of $0.078 in its last earnings report, missing expectations of $0.304. Following the earnings report the stock price went down -1.698%.
Which hedge fund is a major shareholder of KNOT Offshore Partners LP?
Currently, no hedge funds are holding shares in KNOP
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
KNOT Offshore Partners Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$14.50 (43.28% Upside)
$14.50 (43.28% Upside)
Blogger Sentiment
Bullish
KNOP Sentiment 70%
Sector Average 72%
Sector Average 72%
Crowd Wisdom
Very Positive
Last 7 Days ▲ 2.6%
Last 30 Days ▲ 9.9%
Last 30 Days ▲ 9.9%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
74.34%
12-Months-Change
Fundamentals
Return on Equity
2.97%
Trailing 12-Months
Asset Growth
0.70%
Trailing 12-Months
Company Description
KNOT Offshore Partners LP
KNOT Offshore Partners LP owns, acquires, and operates shuttle tankers under long-term charters in the North Sea and Brazil. The company provides loading, transportation, discharge, and storage of crude oil under time charters and bareboat charters. As of March 17, 2022, it operated a fleet of seventeen shuttle tankers. The company was founded in 2013 and is headquartered in Aberdeen, the United Kingdom.
KNOP Company Deck
KNOP Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call presented a generally positive operational picture: strong adjusted EBITDA, high utilization excluding dry docks, a sizeable $858M backlog, improved liquidity (+$3.7M QoQ ≈ +2.7%) and successful rechartering/extensions that support multi-year cash flows. Management has resumed and modestly increased distributions and outlined a path for accretive sponsor drop-downs to grow the fleet. Key negatives include a sequential revenue dip tied to scheduled dry docks and contract timing, a significant gap between adjusted EBITDA and GAAP net income, and a prospective useful-life reduction (23 to 20 years, ≈13% shorter) that will raise non-cash depreciation and weigh on reported earnings. Upcoming refinancing milestones represent execution items to monitor. On balance, the operational strengths and backlog outweigh the near-term accounting and timing headwinds.View all KNOP earnings summariesKNOP Stock 12 Month Forecast
Average Price Target
$14.50
▲(43.28% Upside)
Technical Analysis
Danaos
―
Navios Maritime Partners
―
SFL Corporation
―
Star Bulk Carriers
―
Okeanis Eco Tankers Corp.
―
Ownership Overview
―
Insiders
6.78% Mutual Funds
7.83% Other Institutional Investors
85.18% Public Companies and
Individual Investors