The earnings call reflected a strong financial performance and optimistic outlook in the Brazilian market. High utilization rates and a strong contracted revenue position were highlighted as positives. However, challenges include increasing debt from recent acquisitions, upcoming debt maturities requiring refinancing, and potential impacts from expiring interest rate hedges. While the company demonstrated financial resilience, shareholder concerns over limited dividend distributions were noted.

Company Guidance

During the KNOT Offshore Partners' Q1 2025 earnings call, several key metrics and guidance were highlighted. The partnership reported revenues of $84 million, operating income of $23.4 million, and net income of $7.6 million. Adjusted EBITDA stood at $52.2 million. The company maintained a high operational efficiency with a 99.5% utilization rate, although overall fleet utilization was 96.9% due to the initiation of two dry dockings. KNOT closed the quarter with $101 million in available liquidity, consisting of $67 million in cash and cash equivalents and $34 million in undrawn credit facilities. The partnership has a strong contracted revenue position of $854 million on fixed contracts with an average duration of 2.3 years, complemented by additional transfer options averaging 4.7 years. In terms of debt, KNOT's long-term debt increased by $47 million, which reflects the assumption of $73 million of debt from a recent acquisition, offset by a robust annual debt paydown rate of approximately $90 million. The outlook remains positive, with expectations of industry growth, particularly in the Brazilian and North Sea markets, and a strategic focus on maintaining long-term charter visibility and financial resilience.

Strong Financial Performance

Revenues were $84 million, operating income $23.4 million, and net income $7.6 million. Adjusted EBITDA was $52.2 million with $101 million in available liquidity.

High Utilization Rates

Achieved 99.5% utilization, even with two dry dockings, translating to 96.9% overall utilization.

Positive Market Outlook

Strong contracted revenue position of $854 million with an average of 2.3 years on fixed contracts and additional options averaging 4.7 years.

Brazilian Market Growth

Significant growth anticipated in Brazilian FPSOs, with several projects delivering and starting up ahead of schedule.

Successful Vessel Swap

Addressed near-term chartering exposure by swapping the Dan Sabia for the Live Knutsen, which fits within the current repayment profile.

KNOT Offshore Partners (KNOP) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

KNOP Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Sep 26, 2025	2025 (Q2)	0.17 / -	-0.377	―	―	―
May 21, 2025	2025 (Q1)	0.14 / 0.22	0.218	2.29% (<+0.01)
Mar 19, 2025	2024 (Q4)	0.03 / 0.68	-0.155	540.65% (+0.84)
Dec 04, 2024	2024 (Q3)	-0.02 / -0.11	0.371	-129.92% (-0.48)
Sep 03, 2024	2024 (Q2)	-0.07 / -0.38	-1.186	68.21% (+0.81)
May 22, 2024	2024 (Q1)	-0.07 / 0.22	-0.038	673.68% (+0.26)
Feb 26, 2024	2023 (Q4)	0.06 / -0.15	1.162	-113.34% (-1.32)
Dec 13, 2023	2023 (Q3)	-0.11 / 0.37	0.471	-21.23% (-0.10)
Aug 31, 2023	2023 (Q2)	-0.04 / -1.19	0.292	-506.16% (-1.48)
May 26, 2023	2023 (Q1)	0.06 / -0.04	0.793	-104.79% (-0.83)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

KNOP Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 21, 2025	$6.48	$6.46	-0.31%
Mar 19, 2025	$5.59	$6.27	+12.16%
Dec 04, 2024	$5.79	$5.67	-2.07%
Sep 03, 2024	$7.54	$6.86	-9.02%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does KNOT Offshore Partners (KNOP) report earnings?

KNOT Offshore Partners (KNOP) is schdueled to report earning on Sep 26, 2025, Before Open (Confirmed).

What is KNOT Offshore Partners (KNOP) earnings time?

KNOT Offshore Partners (KNOP) earnings time is at Sep 26, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is KNOP EPS forecast?

KNOP EPS forecast for the fiscal quarter 2025 (Q2) is 0.18.

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