KNOT Offshore Partners LP (KNOP)

Name: KNOT Offshore Partners LP Financial Statements
Creator: Quarter Results

Industrials | Marine Shipping

Latest reporting period: 2026-03-31

Latest Quarter

2026-03-31

Revenue

$92.0M

Net Income

$2.6M

Operating Margin

16.0%

Free Cash Flow

$136M

Debt / Assets

61.1%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for KNOT Offshore Partners LP (KNOP).
Income Statement (Quarterly)	2026-03-31	2025-03-31	2024-12-31	2024-09-30
Revenue	92,007,000	84,029,000	91,255,000	76,292,000
Cost of Revenue	74,811,000	31,376,000	55,060,000	58,306,000
Gross Profit	17,196,000	52,653,000	36,195,000	17,986,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	2,500,000	1,796,000	1,529,000	1,475,000
Operating Expenses	2,500,000	29,217,000	1,529,000	772,000
Operating Income	14,696,000	23,436,000	34,665,000	17,214,000
Interest Expense	13,923,000	0	16,254,000	16,857,000
Income Before Tax	2,904,000	8,160,000	23,254,000	-3,498,000
Income Tax Expense	277,000	579,000	3,000	275,000
Net Income	2,627,000	7,581,000	23,251,000	-3,773,000
Per Share
EPS	0.08	0.22	0.67	-0.11
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for KNOT Offshore Partners LP (KNOP).
Income Statement (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Revenue	364,443,000	312,629,000	290,716,000	268,585,000	281,129,000
Cost of Revenue	253,479,000	112,119,000	209,789,000	196,265,000	171,673,000
Gross Profit	110,964,000	200,510,000	80,927,000	72,320,000	109,456,000
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	7,398,000	6,067,000	6,142,000	6,098,000	6,461,000
Operating Expenses	7,398,000	127,595,000	55,791,000	6,098,000	6,461,000
Operating Income	103,566,000	72,915,000	25,136,000	66,222,000	73,574,000
Interest Expense	62,785,000	65,131,000	72,659,000	42,604,000	24,546,000
Income Before Tax	24,422,000	14,696,000	-38,923,000	59,542,000	54,364,000
Income Tax Expense	1,163,000	631,000	-4,595,000	875,000	488,000
Net Income	23,259,000	14,065,000	-34,328,000	58,667,000	53,876,000
Per Share
EPS	0.47	0.21	-1.18	1.48	1.63
EPS Diluted	0.00	0.00	0.00	0.00	0.00

Balance sheet quarterly history for KNOT Offshore Partners LP (KNOP).
Balance Sheet (Quarterly)	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Assets
Cash and Cash Equivalents	66,933,000	63,921,000	47,579,000	62,293,000
Short Term Investments	0	0	0	0
Net Receivables	15,518,000	7,575,000	1,998,000	7,013,000
Inventory	3,304,000	3,696,000	5,759,000	3,306,000
Total Current Assets	95,372,000	89,779,000	85,934,000	73,893,000
Property Plant Equipment	1,463,461,000	1,495,124,000	1,633,641,000	1,600,848,000
Goodwill and Intangibles	0	0	0	75,000
Total Assets	1,572,165,000	1,596,490,000	1,733,953,000	1,677,281,000
Liabilities
Account Payables	5,766,000	10,243,000	4,268,000	3,872,000
Short Term Debt	257,831,000	99,942,000	370,502,000	89,226,000
Total Current Liabilities	287,122,000	127,577,000	389,992,000	115,957,000
Long Term Debt	648,172,000	857,829,000	688,147,000	880,641,000
Total Liabilities	961,030,000	989,013,000	1,081,741,000	1,004,266,000
Shareholders Equity
Retained Earnings	0	0	0	0
Total Shareholders Equity	611,135,000	607,477,000	566,278,000	0

Balance sheet annual history for KNOT Offshore Partners LP (KNOP).
Balance Sheet (Annual)	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Assets
Cash and Cash Equivalents	66,933,000	63,921,000	47,579,000	62,293,000	52,583,000
Short Term Investments	0	0	0	0	0
Net Receivables	15,518,000	7,575,000	1,998,000	7,013,000	10,187,000
Inventory	3,304,000	3,696,000	5,759,000	3,306,000	2,652,000
Total Current Assets	95,372,000	89,779,000	85,934,000	73,893,000	66,472,000
Property Plant Equipment	1,463,461,000	1,495,124,000	1,633,641,000	1,600,848,000	1,710,276,000
Goodwill and Intangibles	0	0	0	75,000	681,000
Total Assets	1,572,165,000	1,596,490,000	1,733,953,000	1,677,281,000	1,780,296,000
Liabilities
Account Payables	5,766,000	10,243,000	4,268,000	3,872,000	3,848,000
Short Term Debt	257,831,000	99,942,000	370,502,000	89,226,000	184,840,000
Total Current Liabilities	287,122,000	127,577,000	389,992,000	115,957,000	213,931,000
Long Term Debt	648,172,000	857,829,000	688,147,000	880,641,000	846,995,000
Total Liabilities	961,030,000	989,013,000	1,081,741,000	1,004,266,000	1,082,747,000
Shareholders Equity
Retained Earnings	0	0	0	0	0
Total Shareholders Equity	611,135,000	607,477,000	566,278,000	0	0

Cash flow quarterly history for KNOT Offshore Partners LP (KNOP).
Cash Flow Statement (Quarterly)	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Operating Activities
Net Income	14,065,000	-33,568,000	58,667,000	53,876,000
Depreciation & Amortization	110,854,000	110,902,000	105,977,000	98,647,000
Stock Based Compensation	0	0	0	0
Change in Working Capital	-14,742,000	19,401,000	-10,792,000	5,376,000
Operating Cash Flow	137,145,000	131,641,000	100,942,000	166,411,000
Investing Activities
Capital Expenditure	-945,000	-2,779,000	-3,309,000	-11,536,000
Investments	-945,000	-2,779,000	-3,309,000	-11,536,000
Investing Cash Flow	-338,000	-2,779,000	-35,514,000	-11,536,000
Financing Activities
Debt Repayment	-122,392,000	-102,103,000	-166,609,000	-505,822,000
Common Stock Issued/Repurchased	0	0	0	525,000
Dividends Paid	-10,407,000	-10,407,000	-79,470,000	-79,386,000
Financing Cash Flow	-133,320,000	-112,510,000	-79,968,000	-145,147,000
Summary
Free Cash Flow	136,200,000	128,862,000	97,633,000	154,875,000
Net Change in Cash	3,012,000	16,342,000	-14,714,000	9,710,000

Cash flow annual history for KNOT Offshore Partners LP (KNOP).
Cash Flow Statement (Annual)	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Operating Activities
Net Income	14,065,000	-33,568,000	58,667,000	53,876,000	65,225,000
Depreciation & Amortization	110,854,000	110,902,000	105,977,000	98,647,000	88,831,000
Stock Based Compensation	0	0	0	0	0
Change in Working Capital	-14,742,000	19,401,000	-10,792,000	5,376,000	-6,052,000
Operating Cash Flow	137,145,000	131,641,000	100,942,000	166,411,000	169,241,000
Investing Activities
Capital Expenditure	-945,000	-2,779,000	-3,309,000	-11,536,000	-339,000
Investments	-945,000	-2,779,000	-3,309,000	-11,536,000	-339,000
Investing Cash Flow	-338,000	-2,779,000	-35,514,000	-11,536,000	-21,433,000
Financing Activities
Debt Repayment	-122,392,000	-102,103,000	-166,609,000	-505,822,000	-92,834,000
Common Stock Issued/Repurchased	0	0	0	525,000	0
Dividends Paid	-10,407,000	-10,407,000	-79,470,000	-79,386,000	-79,336,000
Financing Cash Flow	-133,320,000	-112,510,000	-79,968,000	-145,147,000	-139,260,000
Summary
Free Cash Flow	136,200,000	128,862,000	97,633,000	154,875,000	168,902,000
Net Change in Cash	3,012,000	16,342,000	-14,714,000	9,710,000	9,058,000