KNOT Offshore Partners LP logo

KNOT Offshore Partners LP

KNOP

NYSEIndustrialsMarine Shipping

Previous close

$10.68

+$0.17 · +1.62%

Aug 21, 4:00 PM ET

Pre-market

$10.17

−$0.51 · -4.78%

Aug 24, 4:00 AM ET

KNOP company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

75

Undervalued

Momentum

43

Neutral

Sentiment

48

Mixed

Risk resilience

71

Moderate Risk

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Company profile

Company website

KNOT Offshore Partners LP is engaged in the management and expansion of a fleet of specialized shuttle tankers. These vessels are primarily utilized for the intricate logistics of crude oil, operating under extended contractual agreements predominantly within the North Sea and Brazilian offshore regions. The company's services cover the comprehensive crude oil supply chain, from collection and transportation to discharge and temporary storage, facilitated through both time and bareboat charter arrangements. As of March 17, 2022, the organization maintained a fleet comprising seventeen such tankers. KNOT Offshore Partners LP was established in 2013 and has its principal office situated in Aberdeen, United Kingdom.

Industry
Marine Shipping
Sector
Industrials
Headquarters
GB
CEO
Derek Lowe
Listed since
Apr 10, 2013
Employees
815

Market position

Day range

Current $10.68

52-week range

Current $10.68

Open
$10.595
Previous close
$10.51
Volume
48.1K
0.64× average
Average volume
75.06K
Average daily volume
Market cap
359.49M USD
Beta
-0.06
Market reference 1
50-day average
$10.461
+2.09% above average
200-day average
$10.4467
+2.23% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
1.22B USD
P/E (TTM)
20.25×
P/B (TTM)
0.59×
P/S (TTM)
0.97×
EV / EBITDA
6.18×
Earnings yield
6.63%
Free cash flow yield
44.28%
Dividend yield
1.66%

Profitability & efficiency

Gross margin
28.00%
Operating margin
25.82%
Net margin
4.92%
Return on equity
3.75%
Return on assets
1.38%
Return on invested capital
6.01%

Financial health

Debt / equity
1.52×
Current ratio
0.26×
Altman Z-score
0.33
Piotroski F-score
7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends72%41%11%-19%Gross margin, FY2021: 38.93%Gross margin, FY2022: 26.93%Gross margin, FY2023: 27.84%Gross margin, FY2024: 64.14%Gross margin, FY2025: 30.45%Operating margin, FY2021: 26.17%Operating margin, FY2022: 24.66%Operating margin, FY2023: 8.65%Operating margin, FY2024: 23.32%Operating margin, FY2025: 28.42%Net margin, FY2021: 19.16%Net margin, FY2022: 21.84%Net margin, FY2023: -11.81%Net margin, FY2024: 4.50%Net margin, FY2025: 6.38%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 38.93%. Gross margin FY2022 26.93%. Gross margin FY2023 27.84%. Gross margin FY2024 64.14%. Gross margin FY2025 30.45%. Operating margin FY2021 26.17%. Operating margin FY2022 24.66%. Operating margin FY2023 8.65%. Operating margin FY2024 23.32%. Operating margin FY2025 28.42%. Net margin FY2021 19.16%. Net margin FY2022 21.84%. Net margin FY2023 -11.81%. Net margin FY2024 4.50%. Net margin FY2025 6.38%.

Income trends

Revenue

364.44M USD+16.57%

Operating income

103.57M USD+42.04%

Net income

23.26M USD+65.37%
Income trends across reported periods404.32M USD244.81M USD85.3M USD−74.21M USDRevenue, FY2021: 281.13M USDRevenue, FY2022: 268.59M USDRevenue, FY2023: 290.72M USDRevenue, FY2024: 312.63M USDRevenue, FY2025: 364.44M USDOperating income, FY2021: 73.57M USDOperating income, FY2022: 66.22M USDOperating income, FY2023: 25.14M USDOperating income, FY2024: 72.92M USDOperating income, FY2025: 103.57M USDNet income, FY2021: 53.88M USDNet income, FY2022: 58.67M USDNet income, FY2023: −34.33M USDNet income, FY2024: 14.07M USDNet income, FY2025: 23.26M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 281.13M USD. Revenue FY2022 268.59M USD. Revenue FY2023 290.72M USD. Revenue FY2024 312.63M USD. Revenue FY2025 364.44M USD. Operating income FY2021 73.57M USD. Operating income FY2022 66.22M USD. Operating income FY2023 25.14M USD. Operating income FY2024 72.92M USD. Operating income FY2025 103.57M USD. Net income FY2021 53.88M USD. Net income FY2022 58.67M USD. Net income FY2023 −34.33M USD. Net income FY2024 14.07M USD. Net income FY2025 23.26M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue364.44M USD312.63M USD290.72M USD268.59M USD281.13M USD
Cost of goods sold253.48M USD112.12M USD209.79M USD196.27M USD171.67M USD
Gross profit110.96M USD200.51M USD80.93M USD72.32M USD109.46M USD
Selling, general, and administrative7.4M USD6.07M USD6.14M USD6.1M USD6.46M USD
Operating expenses7.4M USD127.6M USD55.79M USD6.1M USD6.46M USD
Interest income3.57M USD1.06M USD3.47M USD822K USD2K USD
Interest expense62.79M USD65.13M USD72.66M USD43.23M USD29.08M USD
Depreciation and amortization112.95M USD110.85M USD110.25M USD107.42M USD99.56M USD
Operating income103.57M USD72.92M USD25.14M USD66.22M USD73.57M USD
Net income23.26M USD14.07M USD−34.33M USD58.67M USD53.88M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
50%
5 beats, 5 misses, 0 met estimates
Average EPS surprise
+97.30%
10 comparable reports
Latest EPS result
0.08
Estimate 0.17 · Miss by 52.94%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.740.460.19-0.09Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26MissQ3 '26EstimateQ3 '26Estimate
Q1 2025, reported Mar 20, 2025: actual 0.68, estimate 0.04, surprise +1600.00%, Beat. Q2 2025, reported May 20, 2025: actual 0.22, estimate 0.14, surprise +57.14%, Beat. Q3 2025, reported Sep 25, 2025: actual 0.2, estimate 0.17, surprise +17.65%, Beat. Q4 2025, reported Dec 4, 2025: actual 0.45, estimate 0.13, surprise +246.15%, Beat. Q1 2026, reported Mar 25, 2026: actual 0.185, estimate 0.21, surprise -11.71%, Miss. Q2 2026, reported May 28, 2026: actual 0.08, estimate 0.17, surprise -52.94%, Miss. Q3 2026, reported Sep 4, 2026: actual —, estimate 0.06, surprise —, Comparison unavailable. Q3 2026, reported Sep 24, 2026: actual —, estimate -0.03, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates100.74M91.37M81.99M72.62MQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26EstimateQ3 '26Estimate
Q1 2025, reported Mar 20, 2025: actual 91.26M USD, estimate 76.5M USD, surprise +19.30%, Beat. Q2 2025, reported May 20, 2025: actual 84.03M USD, estimate 79.96M USD, surprise +5.09%, Beat. Q3 2025, reported Sep 25, 2025: actual 87.06M USD, estimate 81.16M USD, surprise +7.27%, Beat. Q4 2025, reported Dec 4, 2025: actual 96.87M USD, estimate 95.84M USD, surprise +1.07%, Beat. Q1 2026, reported Mar 25, 2026: actual 96.49M USD, estimate 95.84M USD, surprise +0.68%, Beat. Q2 2026, reported May 28, 2026: actual 92.01M USD, estimate 90.35M USD, surprise +1.84%, Beat. Q3 2026, reported Sep 4, 2026: actual —, estimate 93.48M USD, surprise —, Comparison unavailable. Q3 2026, reported Sep 24, 2026: actual —, estimate 96.48M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Recent analyst actions

1 institution
Alliance Global PartnersdowngradeBuyNeutral

KNOP news

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$0.104

2025 complete year-95.0% since 2021

2026 partial: $0.151

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Jul 27, 2026

$0.075

Quarterly

Record Jul 27, 2026 · Payment Aug 13, 2026

Dividend

Ex-dividend Apr 27, 2026

$0.05

Quarterly

Record Apr 27, 2026 · Payment May 14, 2026

Dividend

Ex-dividend Jan 26, 2026

$0.026

Quarterly

Record Jan 26, 2026 · Payment Feb 5, 2026

Dividend

Ex-dividend Oct 27, 2025

$0.026

Quarterly

Record Oct 27, 2025 · Payment Nov 6, 2025

Dividend

Ex-dividend Jul 28, 2025

$0.026

Quarterly

Record Jul 28, 2025 · Payment Aug 7, 2025

Dividend

Ex-dividend Apr 28, 2025

$0.026

Quarterly

Record Apr 28, 2025 · Payment May 8, 2025

KNOP peers

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