KNOT Offshore Partners (KNOP)
NYSE:KNOP
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Earnings Data
Report Date
May 27, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.3Last Year’s EPS
0.22Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a largely positive operational and commercial outlook: strong revenue generation (adjusted for impairment), high utilization, a substantial contracted backlog, improving liquidity and demonstrated refinancing capability. Key negatives include a significant noncash impairment that pressured reported results, upcoming material debt maturities that require refinancing, a reduced accounting useful life that may raise depreciation, and continued uncertainty around distributions and sponsor-related transactions. On balance, the positive operational momentum, backlog, and liquidity improvements outweigh the near-term financial and accounting headwinds.Company Guidance
Quarterly Revenue and Profitability (Adjusted)
Revenues of $96.5 million for Q4 FY2025; operating income of $8.4 million on a fully reported basis and $28.6 million excluding the noncash impairment related to Bodil Knutsen; net income was a loss of $6.2 million reported but $14.0 million when excluding the impairment; Adjusted EBITDA of $59.3 million.
Very High Fleet Utilization
Reported vessel utilization at 99.5% when accounting for scheduled dry docking (96.4% utilization overall), indicating very strong operational deployment in Q4.
Strong Backlog and Contract Coverage
Backlog of $929 million in fixed contracts as of December 31, 2025, averaging 2.6 years; charter coverage of 93% of vessel time in 2026 and 69% in 2027 (rising to 98% and 88% respectively if options exercised).
Improving Liquidity and Cash Position
Available liquidity of $137 million (comprised of $89 million cash and $48 million undrawn credit capacity), which was $11.8 million higher than September 30, 2025.
Active Balance Sheet Management and Refinancing Track Record
Entered a $71.1 million senior secured term loan to refinance Synnove Knutsen; completed two RCF refinancings rolled over on similar terms; management noted a history of successful refinancings and lender appetite with average margin on floating rate debt at 2.2% over SOFR in Q4.
Commercial Wins and Charter Extensions
Vigdis Knutsen transitioned from a time charter to a bareboat charter with Shell extended to at least 2030; Fortaleza Knutsen agreed to a time charter with KNOT commencing Q2 2026 for 1–3 years and expected to serve the North Sea market.
Operating Cash Flow Momentum
Management and analysts highlighted improving cash generation; an analyst on the call noted operating cash flow was up 13.5% year-over-year, supporting stronger liquidity and capital allocation optionality.
KNOP Earnings History
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 |
|---|---|---|---|
Mar 25, 2026 | $9.84 | $9.99 | +1.52% |
Dec 04, 2025 | $10.03 | $10.64 | +6.13% |
Sep 26, 2025 | $9.35 | $8.98 | -3.93% |
May 21, 2025 | $6.42 | $6.39 | -0.45% |
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 May 27, 2026, Before Open (Confirmed).
What is KNOT Offshore Partners (KNOP) earnings time?
KNOT Offshore Partners (KNOP) earnings time is at May 27, 2026, 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 2026 (Q1) is 0.3.