KNOT Offshore Partners
Operates purpose-built shuttle tankers on fixed-rate charters for offshore oil producers.
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Profile
Owns and operates purpose-built shuttle tankers that move crude from offshore facilities to shore. Revenue comes from long-term, fixed-rate charters, with operations centered on Brazil and the North Sea.
Moves crude from offshore installations to shore-side facilities, storage, or onward conventional transport using DP2 shuttle tankers. The vessels are generally purpose-built for an initial customer charter, making the business closer to a floating-pipeline service than spot tanker shipping.
Most activity is in Brazil, alongside North Sea operations. Long-term charters are fixed-rate and customers ordinarily pay fuel, which separates revenue from oil volumes carried and fuel prices.
Operations depend on charter renewals, vessel availability, drydock execution, and KNOT's sponsor relationship. The public partnership owns the fleet and trades common units on the NYSE.
Company facts
Categories
Key statistics
Year to date +5.7% · Average volume (30d) 46.7K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating |
|---|---|---|---|---|
| Dec 8, 2025 | Alliance Global Partners | Downgrade | Buy | Neutral |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| May 28, 2026Q1 FY26 | $0.17 | $0.08 | −52.9% | $90.3M | $92.0M | +1.8% | −1.70% |
| Mar 25, 2026Q4 FY25 | $0.21 | $0.28 | +33.3% | $95.8M | $96.5M | +0.7% | −1.29% |
| Dec 4, 2025Q3 FY25 | $0.13 | $0.45 | +246.2% | $95.9M | $96.9M | +1.0% | +6.14% |
| Sep 25, 2025Q2 FY25 | $0.17 | $0.20 | +17.6% | $84.9M | $87.1M | +2.6% | −3.92% |
Financial highlights
| 12 quarters | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $91.3M | $84.0M | $87.1M | $96.9M | $96.5M | $92.0M | |
| Gross profit | $36.2M | $52.7M | $23.7M | $32.2M | $31.1M | $17.2M | |
| Operating income | $34.7M | $23.4M | $22.2M | $30.7M | $28.6M | $14.7M | |
| Net income | $23.3M | $7.6M | $6.8M | $15.1M | −$6.2M | $2.6M | |
| Diluted EPS | $0.68 | $0.22 | $0.20 | $0.44 | −$0.19 | $0.08 | |
| Gross margin | 39.7% | 62.7% | 27.3% | 33.2% | 32.3% | 18.7% | |
| Operating margin | 38.0% | 27.9% | 25.5% | 31.7% | 29.7% | 16.0% |
Fiscal years (4-quarter sums)FY21 $281.1M · FY22 $268.6M · FY23 $290.7M · FY24 $318.6M · FY25 $364.4M
Revenue by product · FY25
Balance sheet, Mar 31, 2026Cash & short-term investments $92.7M · Total debt $929.6M · Total assets $1.66B · Shareholders' equity $611.4M
Dividends
Raised for 2 straight years — most recently to $0.075 from $0.05 in Jul 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 27, 2026 | Jul 27 | Aug 13 | $0.075 | raised from $0.05 |
| Apr 27, 2026 | Apr 27 | May 14 | $0.05 | raised from $0.026 |
| Jan 26, 2026 | Jan 26 | Feb 5 | $0.026 | |
| Oct 27, 2025 | Oct 27 | Nov 6 | $0.026 | |
| Jul 28, 2025 | Jul 28 | Aug 7 | $0.026 | |
| Apr 28, 2025 | Apr 28 | May 8 | $0.026 | |
| Jan 27, 2025 | Jan 27 | Feb 6 | $0.026 | |
| Oct 28, 2024 | Oct 28 | Nov 7 | $0.026 |
Ownership
Shares outstanding 33.66M · Float 21.14M · 62.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Knutsen NYK Offshore Tankers AS | 11.50M | 32.50% | 13D | Jun 16, 2026 |
| Astaris Capital Management LLP | 2.74M | 8.10% | 13D | Jul 30, 2026 |
| Invesco Ltd. | 1.78M | 5.28% | 13F | Aug 14, 2026 |
| 683 Capital Management, LLC | 1.51M | 4.47% | 13F | Aug 14, 2026 |
| Renaissance Technologies LLC | 1.24M | 3.69% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 15, 2026 | Trygve Seglem | director | +1,250,000 | $20.00 |
Peers
- Tsakos Energy Navigation
DP2 shuttle-tanker capacity and Transpetro-linked Brazil expansion
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| KNOT Offshore Partners | $10.90 | +0.37% | $366.9M | 20.7 | 24.1 | 1.0 | +9.5% |
| Tsakos Energy Navigation | $42.52 | −0.12% | $1.28B | 6.9 | 6.1 | 1.5 | — |
| Median | 6.9 | 6.1 | 1.5 | — |