KNOT Offshore Partners LP
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Derek Lowe
- Full Time Employees
- 815
- Sector
- Transportation
- Industry
- Marine shipping
- Address
- 2 Queens Cross Aberdeen AS United Kingdom AB15 4YB
- IPO Date
- Apr 9, 2013
- CIK
- 0001564180
- Website
- knotoffshorepartners.com
- Similar Companies
- 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.
Company News
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KNOT Offshore Partners LP Common Units (KNOP) Q1 2026 Earnings Call Transcript
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KNOT Offshore Partners LP Earnings Release — Interim Results for the Period Ended March 31, 2026
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KNOT Offshore Partners LP Announces Availability of Its Form 20-F for the Year Ended December 31, 2025
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