KNOT Offshore Partners LP
KNOP Energy Oil & Gas Midstream
KNOT Offshore Partners LP’s revenue for fiscal 2025 (year ended December 2025) was $364.4 million, up 14.4% from fiscal 2024. In the quarter to June 2026, revenue grew 11.2%, EPS fell 50.0%, free cash flow grew 3.37% and total debt fell 1.31%, each against the same quarter a year earlier. Dividend growth for three consecutive years, revenue growth for three, operating cash flow growth for three; insiders bought in the last twelve months.
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KNOT Offshore Partners LP (KNOP) Piotroski F-score
KNOT Offshore Partners LP's Piotroski F-score for fiscal 2025 is 7 out of 9: 7 of nine tests of profitability, leverage and efficiency passed, unchanged from fiscal 2024.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 7 | 0.00 |
| FY2024 | 7 | 3.00 |
| FY2023 | 4 | (1.00) |
| FY2022 | 5 | 0.00 |
| FY2021 | 5 | (2.00) |
| FY2020 | 7 | 0.00 |
| FY2019 | 7 | 0.00 |
| FY2018 | 7 | 2.00 |
| FY2017 | 5 | 0.00 |
| FY2016 | 5 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | 0.99% | 0.45% | Pass | 1 |
| Positive operating cash flow | 155.74m | 137.15m | Pass | 1 |
| Rising return on assets | 0.99% | 0.45% | Pass | 1 |
| Cash flow above net income | 139.58m | 130.01m | Pass | 1 |
| Falling long-term leverage | 0.35 | 0.41 | Pass | 1 |
| Rising current ratio | 0.26 | 0.33 | Fail | 0 |
| No new shares issued | 33,918,000 | 34,045,000 | Pass | 1 |
| Rising gross margin | 63.29% | 64.81% | Fail | 0 |
| Rising asset turnover | 0.22 | 0.20 | Pass | 1 |
| Piotroski F-score | Strong — most fundamentals improved | 7 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| BROGF Brooge Energy Limited compare | 8 |
| NVGS Navigator Holdings Ltd. compare | 7 |
| DLNG Dynagas LNG Partners LP compare | 7 |
| KNOP KNOT Offshore Partners LP | 7 |
| TK Teekay Corporation Ltd. compare | 6 |
| IMPP Imperial Petroleum Inc. compare | 5 |
| SMC Summit Midstream Partners, LP compare | 4 |
| TORO Toro Corp. compare | 2 |
| SBR Sabine Royalty Trust compare | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover