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KNOT Offshore Partners
(NYSE:KNOP)
KNOT Offshore Partners (KNOP) vs. SPDR S&P 500 ETF (SPY)
KNOT Offshore Partners Business Overview & Revenue Model
KNOT Offshore Partners Earnings Call Summary
KNOT Offshore Partners Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 359.21M | 312.63M | 290.72M | 268.58M | 281.13M | 279.22M |
| Gross Profit | 144.79M | 200.51M | 80.93M | 72.32M | 109.46M | 128.47M |
| EBITDA | 227.04M | 190.68M | 144.64M | 210.19M | 183.00M | 187.63M |
| Net Income | 52.76M | 14.06M | -34.33M | 58.67M | 53.88M | 65.22M |
Balance Sheet | ||||||
| Total Assets | 1.72B | 1.57B | 1.60B | 1.73B | 1.68B | 1.78B |
| Cash, Cash Equivalents and Short-Term Investments | 77.21M | 66.93M | 63.92M | 47.58M | 62.29M | 52.58M |
| Total Debt | 983.60M | 906.00M | 958.91M | 1.06B | 969.87M | 1.03B |
| Total Liabilities | 1.09B | 961.03M | 989.01M | 1.08B | 1.00B | 1.08B |
| Stockholders Equity | 621.44M | 611.13M | 607.48M | 652.21M | 673.01M | 697.55M |
Cash Flow | ||||||
| Free Cash Flow | 155.26M | 136.20M | 128.86M | 97.63M | 154.88M | 168.90M |
| Operating Cash Flow | 155.50M | 137.15M | 131.64M | 100.94M | 166.41M | 169.24M |
| Investing Cash Flow | -25.97M | -338.00K | -2.78M | -35.51M | -11.54M | -21.43M |
| Financing Cash Flow | -119.30M | -133.32M | -112.51M | -79.97M | -145.15M | -139.26M |
KNOT Offshore Partners Technical Analysis
KNOT Offshore Partners Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | $1.73B | 3.78 | 13.16% | 3.64% | 3.82% | -13.73% | |
78 Outperform | kr1.16B | 13.72 | ― | 6.50% | -12.47% | -34.41% | |
76 Outperform | $1.48B | 5.87 | 8.36% | 0.39% | -1.33% | -33.66% | |
74 Outperform | $364.47M | 6.82 | 8.71% | 1.00% | 19.59% | ― | |
67 Neutral | $2.17B | 36.09 | 2.50% | 1.59% | -13.87% | -82.48% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
58 Neutral | $1.12B | ― | -0.15% | 12.24% | -11.10% | -101.57% |
KNOT Offshore Partners Corporate Events
KNOT Offshore Partners LP announced the adjournment of its 2025 Annual Meeting of limited partners due to a lack of quorum. The meeting has been rescheduled to December 22, 2025, with no changes to the proposals to be voted on. The company encourages unitholders who have not yet voted to do so in favor of all proposals. This adjournment may impact the company’s operational timelines but maintains the integrity of the voting process.
KNOT Offshore Partners LP reported its financial results for Q3 2025, showing total revenues of $96.9 million and a net income of $15.1 million. The company achieved a fleet utilization rate of 99.87% for scheduled operations. Significant events included the acquisition of a new shuttle tanker, the establishment of a buyback program, and several refinancing and charter agreements. The company also received a non-binding proposal from KNOT to acquire all publicly held common units. The shuttle tanker market, particularly in Brazil, is experiencing growth, with new production start-ups and increasing demand expected to outpace supply in the coming years.
KNOT Offshore Partners LP announced its 2025 Annual Meeting of Limited Partners scheduled for December 15, 2025, in Aberdeen, UK. The meeting will include the election of Ms. Pernille Østensjø as a Class IV Director and the ratification of Ernst & Young AS as the independent public accounting firm for the fiscal year ending December 31, 2025. This meeting is significant as it involves key decisions impacting the governance and financial oversight of the company, which could influence its strategic direction and stakeholder confidence.
On November 3, 2025, KNOT Offshore Partners LP announced that it received an unsolicited non-binding buyout proposal from Knutsen NYK Offshore Tankers AS. The proposal involves acquiring all publicly held common units of the Partnership for $10 per unit through a merger. The offer is subject to approval by the KNOP Conflicts Committee, the KNOP Board, and the KNOT board of directors, along with other customary conditions. The outcome of this proposal could significantly impact the company’s operations and its stakeholders, although there is no certainty that the transaction will be completed.
KNOT Offshore Partners LP announced its 2025 Annual Meeting will be held on December 15, 2025, with a record date for voting set for November 6, 2025. The Board has nominated Pernille Østensjø to serve as an Independent Director, subject to a vote by the Partnership’s unitholders. Østensjø brings extensive experience in financial management and investment in the energy sector, which is expected to strengthen the Board’s oversight capabilities. The announcement also marks the retirement of Hans Petter Aas, whose contributions have been pivotal to the Partnership’s history.
On July 2, 2025, KNOT Offshore Partners LP completed a significant transaction involving the sale of shares in KNOT Shuttle Tankers 37 AS to KNOT Shuttle Tankers AS. This move is part of a strategic realignment, potentially impacting the company’s operational focus and financial structure. The transaction, valued at USD 95 million, reflects KNOT’s efforts to optimize its asset portfolio and strengthen its market position in the shuttle tanker sector.
KNOT Offshore Partners LP reported strong financial performance for Q2 2025, with revenues of $87.1 million and a net income of $6.8 million. The company achieved nearly full fleet utilization and declared cash distributions for common and preferred units. Significant events included the acquisition of a new shuttle tanker, a unit buyback program, and various charter extensions. The company is optimistic about future growth, driven by increased offshore oil production in Brazil and the North Sea, and anticipates that new shuttle tanker orders will meet rising demand.