KNOT Offshore Partners LP

KNOP · NYSE · Energy / Oil & Gas Midstream

9.05USD-0.18 (-1.95%)

Price History

Full chart

Market Stats

Previous Close9.23

Open9.30

Day Range9.01 – 9.39

52-Week Range7.86 – 11.76

Volume76.33K

Market Cap364.88M

P/E (TTM)44.00

Forward P/E14.41

EPS0.24

Dividend Yield2.84%

Beta-0.06

50-Day Avg10.76

200-Day Avg10.58

About

KNOT Offshore Partners LP, together with its subsidiaries, acquires, owns, and operates shuttle tankers in the United Kingdom and Brazil. The company loads, transports, condensates, and discharges crude oil from offshore oil field installations to onshore terminals and refineries. It serves oil majors and national oil companies. The company was incorporated in 2013 and is headquartered in Aberdeen, the United Kingdom.

Company Details

SectorEnergy
IndustryOil & Gas Midstream
CEOMr. Derek Lowe
Employees1
Headquarters2 Queen?s Cross, Aberdeen, United Kingdom, AB15 4YB, USA
Websitehttps://www.knotoffshorepartners.com

Leadership

Mr. Derek LoweCEO & CFO · b. 1973
John Einar DalsvagVice President of Chartering & Business Development

Financials

Income Statement

Currency: USD	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	43.91M	65.65M	73.40M	112.84M	155.02M	173.67M	219.20M	279.46M	282.56M	279.22M	281.13M	268.58M	290.72M	312.63M	364.44M
Growth (%)	-	+49.52%	+11.80%	+53.73%	+37.38%	+12.03%	+26.22%	+27.49%	+1.11%	-1.18%	+0.68%	-4.46%	+8.24%	+7.54%	+16.57%
Cost of Revenue	29.68M	34.18M	38.06M	58.20M	76.39M	87.13M	118.29M	145.49M	149.97M	150.75M	171.67M	196.26M	209.79M	112.12M	253.48M
Gross Profit	14.23M	31.47M	35.34M	54.64M	78.64M	86.54M	100.91M	133.97M	132.59M	128.47M	109.46M	72.32M	80.93M	200.51M	110.96M
Gross Margin	32.41%	47.94%	48.15%	48.42%	50.73%	49.83%	46.04%	47.94%	46.92%	46.01%	38.93%	26.93%	27.84%	64.14%	30.45%
Operating Expense	927.00K	4.83M	5.36M	4.32M	10.51M	4.37M	5.55M	5.29M	4.86M	5.39M	35.88M	6.10M	55.79M	127.59M	7.40M
Operating Income	13.30M	26.64M	29.98M	50.32M	68.13M	82.17M	95.36M	128.68M	127.73M	123.08M	73.57M	66.22M	25.14M	72.92M	103.57M
Operating Margin	30.30%	40.57%	40.85%	44.59%	43.95%	47.31%	43.50%	46.05%	45.20%	44.08%	26.17%	24.66%	8.65%	23.32%	28.42%
EBITDA	8.30M	35.14M	50.91M	75.48M	104.01M	139.50M	172.18M	222.74M	201.00M	187.63M	183.00M	210.19M	144.64M	190.68M	197.01M
EBITDA Margin	18.91%	53.52%	69.36%	66.89%	67.09%	80.32%	78.55%	79.71%	71.13%	67.20%	65.09%	78.26%	49.75%	60.99%	54.06%
Net Income	-16.34M	745.00K	15.06M	27.39M	40.44M	61.10M	68.06M	82.17M	58.96M	65.22M	53.88M	58.67M	-34.33M	14.06M	23.26M
Net Income Margin	-37.21%	1.13%	20.52%	24.27%	26.09%	35.18%	31.05%	29.40%	20.87%	23.36%	19.16%	21.84%	-11.81%	4.50%	6.38%
Interest Expense	9.65M	13.47M	10.77M	16.54M	17.95M	22.18M	32.12M	51.22M	51.58M	32.35M	29.08M	43.23M	72.66M	65.13M	62.78M
Interest Expense % of Total Revenue	21.98%	20.52%	14.68%	14.66%	11.58%	12.77%	14.65%	18.33%	18.25%	11.59%	10.34%	16.10%	24.99%	20.83%	17.23%

Balance Sheet

Currency: USD	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	534.60M	515.25M	660.17M	1.07B	1.22B	1.29B	1.79B	1.84B	1.74B	1.78B	1.68B	1.73B	1.60B	1.57B	1.68B
Total Liabilities	467.23M	414.62M	378.25M	651.38M	703.10M	770.57M	1.06B	1.10B	1.03B	1.08B	1.00B	1.08B	989.01M	961.03M	1.06B
Total Equity	-31.09M	194.40M	281.93M	419.37M	520.77M	4.00K	673.11M	-363.34M	711.66M	697.55M	673.01M	652.21M	607.48M	611.13M	620.97M
Cash	3.19M	1.29M	28.84M	30.75M	23.57M	27.66M	46.10M	41.71M	43.52M	52.58M	62.29M	47.58M	63.92M	66.93M	88.98M
Total Debt	375.93M	347.85M	349.98M	613.22M	671.69M	741.65M	1.03B	1.08B	997.20M	1.03B	969.87M	1.06B	958.91M	906.00M	955.98M
Net Debt	372.74M	346.56M	321.14M	582.48M	648.12M	713.98M	980.51M	1.04B	953.67M	979.25M	907.57M	1.01B	894.99M	839.07M	866.99M

Cash Flow

Currency: USD	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	11.47M	19.31M	44.16M	59.34M	89.16M	108.44M	154.59M	148.65M	165.69M	169.24M	166.41M	100.94M	131.64M	137.15M	155.74M
Investing Cash Flow	-138.10M	-52.00K	-55.47M	-121.95M	-46.49M	-13.95M	-94.86M	-15.49M	-21.43M	-21.43M	-11.54M	-35.51M	-2.78M	-338.00K	-25.29M
Financing Cash Flow	126.44M	-21.16M	38.89M	64.77M	-49.58M	-90.34M	-41.38M	-137.38M	-163.85M	-139.26M	-145.15M	-79.97M	-112.51M	-133.32M	-108.63M
Capital Expenditure	137.28M	52.00K	1.53M	1.53M	1.53M	846.00K	849.00K	117.00K	339.00K	339.00K	11.54M	3.31M	2.78M	945.00K	281.00K
Free Cash Flow	-125.80M	19.25M	44.16M	59.34M	87.63M	107.60M	153.74M	148.53M	165.69M	168.90M	154.88M	97.63M	128.86M	136.20M	155.46M
Dividends Paid	-	-	35.12M	36.64M	53.37M	60.16M	68.97M	79.34M	79.34M	79.34M	79.39M	79.47M	10.41M	10.41M	10.40M
FCF to OCF	-1096.51%	99.73%	100.00%	100.00%	98.29%	99.22%	99.45%	99.92%	100.00%	99.80%	93.07%	96.72%	97.89%	99.31%	99.82%
Dividend Paid to FCF	-	-	79.52%	61.74%	60.90%	55.91%	44.86%	53.41%	47.88%	46.97%	51.26%	81.40%	8.08%	7.64%	6.69%

Earnings

Report Date	May 29, 2013	Aug 26, 2013	Nov 25, 2013	Feb 19, 2014	May 14, 2014	Aug 14, 2014	Nov 6, 2014	Feb 17, 2015	May 7, 2015	Aug 12, 2015	Nov 4, 2015	Feb 17, 2016	May 11, 2016	Aug 10, 2016	Nov 1, 2016	Feb 15, 2017	May 16, 2017	Aug 9, 2017	Nov 3, 2017	Feb 20, 2018	Jun 5, 2018	Sep 4, 2018	Nov 26, 2018	Mar 13, 2019	May 23, 2019	Aug 28, 2019	Nov 20, 2019	Mar 11, 2020	May 27, 2020	Aug 26, 2020	Nov 18, 2020	Mar 10, 2021	May 12, 2021	Aug 26, 2021	Nov 17, 2021	Mar 9, 2022	May 11, 2022	Aug 24, 2022	Nov 29, 2022	Mar 14, 2023	May 25, 2023	Aug 30, 2023	Dec 13, 2023	Feb 26, 2024	May 22, 2024	Sep 3, 2024	Dec 4, 2024	Mar 19, 2025	May 20, 2025	Sep 25, 2025	Dec 4, 2025	Mar 25, 2026	May 28, 2026	Sep 3, 2026
EPS Estimate	-	0.22	0.26	0.32	0.30	0.30	0.50	0.44	0.51	0.43	0.48	0.47	0.45	0.47	0.46	0.49	0.47	0.54	0.56	0.52	0.48	0.46	0.54	0.56	0.51	0.54	0.59	0.60	0.51	0.59	0.65	0.62	0.72	0.53	0.64	0.44	0.39	0.30	0.18	0.17	0.06	-0.04	-0.07	0.06	-0.07	-0.13	-0.02	0.04	0.18	0.17	0.22	0.21	0.17	-0.03
EPS Actual	-0.18	0.23	0.36	0.45	0.36	0.36	0.50	0.49	0.56	0.53	0.56	0.55	0.50	0.54	0.57	0.56	0.37	0.61	0.61	0.68	0.63	0.65	0.63	0.27	0.39	0.19	0.61	0.60	-0.19	0.75	0.74	0.75	0.61	0.57	0.41	0.69	0.79	0.29	0.47	0.18	-0.04	0.27	0.37	-0.15	0.21	0.10	-0.11	0.55	0.22	0.20	0.43	-0.18	0.08	0.10
Surprise	-	4.55%	38.46%	40.63%	20.00%	20.00%	0.00%	11.36%	9.80%	23.26%	16.67%	17.02%	11.11%	14.89%	23.91%	14.29%	-21.28%	12.96%	8.93%	30.77%	31.25%	41.30%	16.67%	-51.79%	-23.53%	-64.81%	3.39%	0.00%	-137.25%	27.12%	13.85%	20.97%	-15.28%	7.55%	-35.94%	56.82%	102.56%	-3.33%	161.11%	5.88%	-166.67%	775.00%	628.57%	-350.00%	400.00%	176.92%	-450.00%	1275.00%	22.22%	15.41%	95.45%	-186.00%	-52.94%	433.33%
Timing	-	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	Pre-market	After-hours	After-hours	Pre-market	Pre-market	Pre-market	After-hours	Pre-market	After-hours	Pre-market	After-hours	After-hours	Pre-market	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	Pre-market	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	-	After-hours	-	After-hours	After-hours	After-hours	After-hours

Key Statistics & Ratios

Market Cap364.88M

Enterprise Value1.18B

Trailing P/E44.00

Forward P/E14.41

PEG Ratio10.45

Price / Sales0.97

Price / Book0.60

EPS0.24

Book Value15.53

Revenue (TTM)375.78M

Gross Profit (TTM)236.94M

EBITDA196.96M

Profit Margin3.97%

Operating Margin12.34%

Return on Equity2.40%

Return on Assets3.19%

Shares Outstanding33.66M

Shares Float21.15M

Beta-0.06

Dividend Yield2.84%

Dividend Rate0.30

Payout Ratio41.22%

Analyst Ratings

Strong Buy

Based on 3 analystsTarget 14.50

Strong Buy
3

Ownership Breakdown

Institutions: 37.33%
Insiders: 28.97%
Retail / Other: 33.70%

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Dividends

20264×

0.10Oct 26, 20260.07Jul 27, 20260.05Apr 27, 20260.03Jan 26, 2026

20254×

0.03Oct 27, 20250.03Jul 28, 20250.03Apr 28, 20250.03Jan 27, 2025

20244×

0.03Oct 28, 20240.03Jul 29, 20240.03Apr 26, 20240.03Jan 26, 2024

20234×

0.03Oct 25, 20230.03Jul 26, 20230.03Apr 26, 20230.03Jan 25, 2023

20224×

0.52Oct 26, 20220.52Jul 27, 20220.52Apr 27, 20220.52Jan 27, 2022

20214×

0.52Oct 27, 20210.52Jul 28, 20210.52Apr 28, 20210.52Jan 28, 2021