KNOT Offshore Partners (KNOP) AI Stock Analysis

• Market Cap: $341.34M
• Dividend Yield: 1.05%
• Average Volume (3M): 106.52K
• Price to Earnings (P/E): 9.9
• Beta (1Y): 0.04
• Revenue Growth: 14.11%
• EPS Growth: 1641.62%
• Country: US
• Employees: 1
• Sector: Energy
• Sector Strength: 52
• Industry: Marine Shipping
• EPS (TTM): 0.20
• Shares Outstanding: 34,045,082
• 10 Day Avg. Volume: 61,440
• 30 Day Avg. Volume: 106,517
• PEG Ratio: -0.11
• Price to Book (P/B): 0.30
• Price to Sales (P/S): 0.59
• P/FCF Ratio: 1.36
• Enterprise Value/Market Cap: 3.40
• Enterprise Value/Revenue: 3.43
• Enterprise Value/Gross Profit: 8.89
• Enterprise Value/Ebitda: 5.59
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 82 Outperform
• Price Target: $11.50 ▲(27.07% Upside)

KNOT Offshore Partners is performing well with strong financial results and technical indicators suggesting bullish momentum. The stock is attractively valued with a high dividend yield. While debt remains a concern, strategic initiatives and fleet expansion provide a positive outlook.

KNOT Offshore Partners Business Overview & Revenue Model

Company Description

KNOT Offshore Partners LP (KNOP) is a publicly traded limited partnership that focuses on acquiring and operating a fleet of shuttle tankers and other offshore support vessels. The company primarily serves the offshore oil and gas industry, providing critical transportation services for crude oil from offshore production facilities to refineries. KNOT Offshore Partners is known for its modern fleet, which is designed to operate in harsh marine environments, ensuring safe and efficient delivery of hydrocarbons.

How the Company Makes Money

KNOT Offshore Partners generates revenue primarily through long-term charters of its vessels to major oil companies and other operators in the offshore oil and gas sector. The company typically enters into fixed-rate contracts, which provide stable cash flows and predictable earnings. Revenue is derived from the operational performance of the fleet, with earnings bolstered by a mix of time charters and spot market contracts. Additionally, strategic partnerships with leading oil and gas companies enhance its market position and contribute to its revenue stability. The company's financial health is further supported by its focus on fleet utilization and cost management, ensuring competitive pricing and operational efficiency.

KNOT Offshore Partners Financial Statement Overview

Summary

KNOT Offshore Partners shows solid revenue growth and improved profit margins, indicating a positive financial trajectory. However, high leverage remains a challenge, necessitating continued focus on debt reduction.

Income Statement

KNOT Offshore Partners shows a solid revenue growth rate of 3.88% in the TTM, indicating a positive trajectory. The gross profit margin has improved to 38.56% from the previous year's 28.37%, reflecting better cost management. The net profit margin has also increased to 10.00% from 4.50%, showing enhanced profitability. However, the gross profit margin is still below the 2020 level of 46.01%, suggesting room for improvement. The EBIT margin of 28.08% and EBITDA margin of 61.35% are strong, indicating efficient operations.

Balance Sheet

The debt-to-equity ratio stands at 1.50, which is a slight improvement from the previous year's 1.58, indicating a gradual reduction in leverage. However, the company still carries a high level of debt, which poses a risk. The return on equity has improved to 5.58% from 2.30%, showing better returns for shareholders, though it remains below the 2020 level of 10.36%. The equity ratio is stable, reflecting a balanced asset structure.

Cash Flow

The free cash flow growth rate of 15.70% in the TTM is a positive sign of increasing cash generation. The operating cash flow to net income ratio of 0.67 indicates a healthy conversion of income to cash. The free cash flow to net income ratio is nearly 1, suggesting efficient cash management. However, the operating cash flow coverage ratio is lower than in previous years, indicating potential pressure on cash flow coverage.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	338.64M	312.63M	290.72M	268.58M	281.13M	279.22M
Gross Profit	130.57M	200.51M	80.93M	72.32M	109.46M	128.47M
EBITDA	207.74M	190.68M	144.64M	210.19M	183.00M	187.63M
Net Income	33.87M	14.06M	-34.33M	58.67M	53.88M	65.22M
Balance Sheet
Total Assets	1.62B	1.57B	1.60B	1.73B	1.68B	1.78B
Cash, Cash Equivalents and Short-Term Investments	66.32M	66.93M	63.92M	47.58M	62.29M	52.58M
Total Debt	918.34M	906.00M	958.91M	1.06B	969.87M	1.03B
Total Liabilities	1.00B	961.03M	989.01M	1.08B	1.00B	1.08B
Stockholders Equity	610.80M	611.13M	607.48M	652.21M	673.01M	697.55M
Cash Flow
Free Cash Flow	145.51M	136.20M	128.86M	97.63M	154.88M	168.90M
Operating Cash Flow	146.60M	137.15M	131.64M	100.94M	166.41M	169.24M
Investing Cash Flow	588.89K	-338.00K	-2.78M	-35.51M	-11.54M	-21.43M
Financing Cash Flow	-137.37M	-133.32M	-112.51M	-79.97M	-145.15M	-139.26M

KNOT Offshore Partners Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 9.05
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KNOP, the sentiment is Positive. The current price of 9.05 is below the 20-day moving average (MA) of 9.30, above the 50-day MA of 8.93, and above the 200-day MA of 7.05, indicating a bullish trend. The MACD of 0.32 indicates Negative momentum. The RSI at 66.15 is Neutral, neither overbought nor oversold. The STOCH value of 87.64 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for KNOP.

KNOT Offshore Partners Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KNOP	82 Outperform	$341.34M	9.89	5.61%	1.05%	14.11%	1641.62%
DAC	73 Outperform	$1.73B	3.90	13.38%	3.60%	5.63%	-17.54%
NMM	69 Neutral	$1.46B	5.02	9.89%	0.39%	-0.47%	-22.23%
ECO	68 Neutral	kr1.06B	15.97	―	5.16%	-14.77%	-44.86%
SFL	66 Neutral	$1.01B	29.14	-0.15%	12.10%	3.51%	-74.09%
SBLK	66 Neutral	$2.14B	17.65	5.11%	4.20%	2.95%	-61.74%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%

KNOT Offshore Partners Corporate Events

KNOT Offshore Partners Receives Buyout Proposal from Knutsen NYK

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 Announces 2025 Annual Meeting and Board Nomination

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.

KNOT Offshore Partners Completes Strategic Share Sale in July 2025

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 Reports Strong Q2 2025 Results and Strategic Developments

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.