KNOT Offshore Partners LP

KNOT Offshore Partners LP

10.05
USD
+0.06
(+0.60%)
0.43EPS
25.55P/E
344.84MMarket Cap
Dec 03Next Earn
KNOT Offshore Partners LP
NYSE:KNOP
(New York Stock Exchange)

Recent

price

10.05

P/E

ratio

25.55

div

yld

3.31%

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
USD
2.56
3.83
4.28
5.71
6.13
6.39
7.29
8.55
8.64
8.54
8.51
7.93
8.54
9.36
10.74
11.33
Revenue per Share
-0.95
0.04
0.86
1.36
1.57
2.2
2.05
2.25
1.55
1.74
1.4
1.5
-1.19
0.21
0.48
0.39
Basic EPS, GAAP
-7.34
1.12
2.58
3
3.47
3.96
5.11
4.54
5.07
5.17
4.69
2.88
3.79
4
4.58
4.56
Free Cash Flow per Basic Share
- -
- -
2.05
1.85
2.11
2.21
2.29
2.43
2.43
2.43
2.4
2.35
0.31
0.31
0.31
0.33
Dividend per Share
3.93
5.67
16.45
18.74
19.15
19.18
22.3
22.39
21.77
21.34
19.97
18.67
17.39
17.49
17.97
17.97
Book Value per Share
3.6
5.34
16.12
18.46
19.15
19.18
22.23
22.33
21.73
21.31
19.96
18.67
17.39
17.49
17.97
17.97
Tangible Book Value per Share
17
17
17
20
25
27
30
33
33
33
33
34
34
34
34
34
Basic Weighted Avg Shares
44
66
73
113
155
174
219
279
283
279
281
269
291
319
364
382
Sales/Revenue/Turnover
30.3
40.57
40.85
44.59
47.96
47.31
43.5
46.05
45.2
44.08
36.64
24.66
25.72
27.81
28.42
23.43
Operating Margin (%)
16
20
22
33
47
55
70
88
89
89
99
106
110
111
113
136
Depreciation Expense
-16
1
15
27
40
61
68
82
59
65
54
59
-34
14
23
15
Net Income, GAAP
- -
62.86
15.8
0.05
- -
- -
- -
- -
0.02
0.02
0.9
1.47
- -
4.29
4.76
5.66
Effective Tax Rate (%)
-37.21
1.13
20.52
24.27
26.09
35.18
31.05
29.4
20.87
23.36
19.16
21.84
-11.81
4.41
6.38
3.9
Profit Margin (%)
-71
-48
-10
-24
-39
-47
-67
-76
-51
-147
-42
-304
-38
-192
-315
-242
Working Capital
348
319
321
575
619
683
934
970
913
847
881
688
859
648
574
589
LT Debt
67
97
282
419
521
522
729
732
712
698
673
652
607
611
621
621
Total Equity
- -
2.23
4.69
6.04
- -
- -
- -
- -
7.26
7.16
4.32
3.89
- -
4.53
5.21
4.27
Return on Invested Capital (%)
- -
1.29
4.48
5.13
- -
- -
- -
- -
6.09
5.49
4.64
5.84
- -
4.96
5.17
4.46
Return on Capital (%)
- -
0.91
7.79
7.66
8.44
11.48
9.86
10.07
7.04
8.08
6.73
7.68
-6.41
1.17
2.62
2.12
Return on Common Equity (%)

Capital Structure

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
382
428
314
LT Borrowings
574
501
589
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
35
35
35
Market Capitalization
358
348
345

Working Capital

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
111
122
125
Cash, Cash Equivalents & STI
89
93
95
Accounts Receivable, Net
4
- -
9
Inventories
4
4
5
Total Current Liabilities
427
481
367
Payables & Accruals
30
40
38
ST Debt
382
428
314
Deferred Revenue
15
13
15

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.43%
-2.25%
1.61%
Free Cash Flow
8.23%
1.31%
14.14%
Net Income, GAAP
-17.7%
-48.52%
65.37%
Sales/Revenue/Turnover
9.41%
5.69%
14.39%
Total Cash Common Dividend
-8.67%
-23.69%
-5.01%

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
77
74
76
91
319
2025
84
87
97
96
364
2026
92
97
- -
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.22
-0.42
-0.11
0.68
0.21
2025
0.22
0.15
0.45
-0.19
0.48
2026
0.08
0.05
- -
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.08
0.08
0.08
0.08
0.31
2025
0.08
0.08
0.08
0.08
0.31
2026
0.08
0.1
- -
- -
- -
Business
KNOT Offshore Partners LP, a Marshall Islands-incorporated limited partnership formed in February 2013 and headquartered at 2 Queen's Cross, Aberdeen, AB15 4YB, United Kingdom, acquires, owns, and operates modern DP2 shuttle tankers under long-term charters, primarily in the North Sea and Brazil. Shuttle tankers, often described as floating pipelines, provide critical infrastructure services by loading, transporting, and discharging crude oil from offshore deepwater field installations to onshore refineries, storage facilities, or other vessels via ship-to-ship transfers; the fleet operates on fixed-rate period time charters and bareboat charters with national oil companies and oil majors such as Shell, Repsol Sinopec, Equinor, and PetroChina, where customers cover fuel costs to insulate revenues from fuel price or volume fluctuations. In conjunction with its sponsor, Knutsen NYK Offshore Tankers AS (KNOT), the partnership manages one of the world's largest shuttle tanker fleets, targeting offshore oil and gas producers in harsh-weather environments requiring dynamic positioning systems. Recent developments include the October 2025 receipt of an unsolicited non-binding buyout proposal from KNOT to acquire all publicly held common units at $10 per unit through a merger with a KNOT subsidiary, under review by the independent Conflicts Committee; the $95 million acquisition of the 2022-built DP2 Suezmax shuttle tanker Daqing Knutsen, financed non-dilutively with charter coverage to PetroChina through July 2027 and guaranteed rates to 2032; implementation of a $10 million common unit buyback program; charter extensions including Repsol Sinopec's three-year deal for Raquel Knutsen and agreements with Shell and Equinor; and strong liquidity of approximately $104 million as of mid-2025 with 100% charter coverage for the second half of 2025 and 89% for 2026.

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  • KNOT Offshore Partners LP Common Units (KNOP) Q1 2026 Earnings Call Transcript

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