Saturday 17 October 2026 Export KNOP’s income statement to Excel — free account

KNOT Offshore Partners LP

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.

9.90 0.13 +1.33%

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Market cap: $337.6M
P/E: 22.5×
Fwd P/E: 27.9×
Dividend yield: 2.80%
F-score: 7/9
Altman Z: n/a
Beneish M: −3.36
Dividend safety: 54/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 25.00

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	1	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 30.80%

Capital & Financial Ratios $m

Market Cap 337.59

Revenue 382.14

Net Income 14.91

Free Cash Flow 153.76

Net Debt 807.25

Current Ratio 0.34

Debt/Equity 1.45

P/E ratio 22.50

Fwd P/E 27.90

P/S ratio 0.90

P/B ratio 0.64

Past 5Y EPS Growth (19.17%)

This Y EPS Growth 10.83%

Next Y EPS Growth (8.55%)

Next Y revenue growth 0.48%

Next 5Y EPS Growth 48.39%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 94.33%

10-year low 10-year high

P/S against its own 10 years 24.95%

10-year low 10-year high

P/B against its own 10 years 31.85%

10-year low 10-year high

EV/Sales against its own 10 years 0.15%

10-year low 10-year high

EV/FCF against its own 10 years 0.88%

10-year low 10-year high

Dividends

Payout Ratio 0.63

Annual Dividend Rate 0.28

Annual Dividend Yield 2.80%

	total	individual payouts
2027	Powerpack
2026	0.20	0.03 0.05 0.08 0.10
2025	0.10	0.03 0.03 0.03 0.03
2024	0.10	0.03 0.03 0.03 0.03
2023	0.10	0.03 0.03 0.03 0.03
2022	2.08	0.52 0.52 0.52 0.52
2021	2.08	0.52 0.52 0.52 0.52
2020	2.08	0.52 0.52 0.52 0.52
2019	2.08	0.52 0.52 0.52 0.52
2018	2.60	0.52 0.52 0.52 0.52 0.52
2017	2.08	0.52 0.52 0.52 0.52
2016	2.08	0.52 0.52 0.52 0.52

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	64	67	89	95
Receivables	0	2	1	0
Inventory	4	3	4	5
Other	22	23	17	25
	90	95	111	125

	2023	2024	2025	Q'26
Payables	12	8	12	12
ST’ Debt	99	257	381	314
Other	0	10	15	15
	128	287	427	367

Compound Annual Growth %

	10y	5y	3y
Sales	8.92%	5.47%	10.71%
Cash Flow	5.74%	(1.65%)	15.55%
Earnings	(4.29%)	(22.27%)	(31.79%)
Book Value	1.78%	(2.30%)	(1.62%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	92	97	—	—	—
’25	84	87	97	96	364
’24	77	74	76	91	319
’23	71	74	73	73	291
’22	65	64	68	72	269
’21	71	71	67	72	281
’20	68	70	71	70	279

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	33	33	—	—	—
’25	36	32	44	44	156
’24	27	34	35	41	137
’23	30	42	25	34	132
’22	18	36	26	21	101
’21	48	32	41	46	166
’20	39	42	47	41	169

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	33	33	—	—	—
’25	37	32	44	43	156
’24	27	34	36	40	137
’23	28	41	25	34	129
’22	18	35	26	18	98
’21	41	32	41	41	155
’20	39	41	47	41	169

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.08	0.10	—	—	—
’25	0.22	0.20	0.45	(0.19)	0.69
’24	0.22	(0.38)	(0.11)	0.68	0.41
’23	(0.04)	(1.19)	0.37	(0.16)	(1.01)
’22	0.79	0.29	0.47	0.18	1.73
’21	0.86	(0.38)	0.41	0.52	1.62
’20	(0.19)	0.59	0.77	0.75	2.00

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	9.68	19.15	17.18	17.52	8.67	12.34	8.93	4.28	4.94	5.29	Analyst estimates 2026–2028 Powerpack
	High	23.95	24.67	22.75	20.53	20.97	20.34	18.85	10.69	9.11	10.99
People
People	Employees	290	481	502	534	640	640	694	837	874	815
	Revenue/emp, $m	0.60	0.46	0.56	0.53	0.44	0.44	0.39	0.35	0.36	0.45
Income, $m
Income, $m	Revenue	174	219	279	283	279	281	269	291	319	364
	Gross margin, %	82.21	78.69	79.70	78.72	78.15	74.35	66.92	65.99	64.81	63.29
	EBT	61	68	82	59	65	54	60	(39)	15	24
	EBT margin, %	35.17	31.04	29.40	20.87	23.36	19.34	22.17	(13.39)	4.61	6.70
	Net income	61	68	82	59	65	54	59	(34)	14	23
	Depreciation	54	71	90	92	91	102	109	112	113	115
Per share, $
Per share, $	Revenue	7.26	7.29	8.55	8.64	8.54	8.51	7.93	8.54	9.36	10.74
	Earnings	2.55	2.26	2.51	1.80	2.00	1.62	1.73	(1.01)	0.41	0.69
	Cash flow	4.53	5.14	4.55	5.07	5.18	5.04	2.98	3.87	4.03	4.59
	Capex	(0.04)	(0.03)	0.00	0.00	(0.01)	(0.35)	(0.10)	(0.08)	(0.01)	0.02
	Free cash flow	4.50	5.11	4.54	5.07	5.17	4.69	2.88	3.79	4.02	4.61
	Book value	21.81	24.25	22.39	21.77	21.34	20.36	19.25	17.84	17.95	18.31
	Shares, m	24	30	33	33	33	33	34	34	34	34
Valuation, ×
Valuation, ×	P/E	9.76	9.47	7.14	11.01	7.57	8.56	5.54	0.00	13.29	15.22
	P/S	3.37	2.94	2.10	2.29	1.76	1.57	1.21	0.71	0.58	0.96
	P/B	1.12	1.01	0.91	1.04	0.81	0.75	0.57	0.39	0.35	0.65
	EV/Sales	7.49	7.40	5.79	5.66	5.27	4.79	4.96	3.78	3.21	3.34
	EV/FCF	12.08	10.55	10.93	9.70	8.70	8.69	14.50	8.53	7.48	7.78
Cash, $m
Cash, $m	Operating cash flow	108	155	149	166	169	166	101	132	137	156
	Capex	(1)	(1)	0	—	0	(12)	(3)	(3)	0	1
	Free cash flow	108	154	149	166	169	155	98	129	137	156
Balance, $m
Balance, $m	Working capital	(47)	(67)	(76)	(51)	(147)	(42)	(304)	(38)	(192)	(315)
	Total debt	742	1,027	1,077	995	1,030	967	1,056	957	905	955
	Net debt	714	979	1,031	952	978	905	1,009	893	838	866
	Shareholders’ equity	522	729	732	712	698	673	652	607	611	621
Returns, %
Returns, %	ROA	4.36	4.00	4.05	2.84	3.24	2.67	2.99	(2.42)	0.45	0.99
	ROIC	4.16	3.49	4.56	4.80	4.59	2.91	2.49	1.05	3.11	3.50
	ROE	10.51	10.61	11.47	8.03	9.26	7.70	8.80	(7.40)	1.36	3.04

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
NVGS Navigator Holdings Ltd.	$1.3B	9.7×	7.8×	+29.55% (above 0%: growing)	+177.42% (above 0%: growing)	+9.98% (above 0%: growing)	55.10%	28.48%	Compare
TK Teekay Corporation Ltd.	$1.2B	9.6×	41.1×	−24.36% (below 0%: shrinking)	−23.68% (below 0%: shrinking)	+211.73% (above 0%: growing)	31.43%	27.41%	Compare
SBR Sabine Royalty Trust	$1.1B	14.8×	12.4×	+16.53% (above 0%: growing)	+17.21% (above 0%: growing)	—	100.00%	95.66%	Compare
SMC Summit Midstream Partners, LP	$608.8M	— (loss-making)	— (loss-making)	+10.55% (above 0%: growing)	n/m	+74.99% (above 0%: growing)	42.65%	16.09%	Compare
KNOP KNOT Offshore Partners LP	$337.6M	22.5×	27.9×	+11.16% (above 0%: growing)	−50.00% (below 0%: shrinking)	+3.37% (above 0%: growing)	61.32%	16.08%
BROGF Brooge Energy Limited	$284.9M	— (loss-making)	1.8×	+174.80% (above 0%: growing)	+133.33% (above 0%: growing)	+12,860.09% (above 0%: growing)	81.50%	0.00%	Compare
IMPP Imperial Petroleum Inc.	$222.2M	2.4×	2.0×	+139.55% (above 0%: growing)	+108.33% (above 0%: growing)	+96.17% (above 0%: growing)	49.50%	38.36%	Compare
TORO Toro Corp.	$146.0M	— (loss-making)	—	+71.27% (above 0%: growing)	n/m	+127.85% (above 0%: growing)	55.48%	(15.53%)	Compare
DLNG Dynagas LNG Partners LP	$124.4M	2.0×	—	+2.12% (above 0%: growing)	+53.57% (above 0%: growing)	−13.57% (below 0%: shrinking)	66.78%	41.34%	Compare
Median of peers	$446.9M	9.6×	7.8×	+23.04%	+80.95%	+96.17%	55.29%	27.95%

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