KNOT Offshore Partners LP (KNOP) financials — revenue, cash, debt and margins

Key figures

Trailing twelve months where a flow is involved, latest reported balance where it is not.

Valuation

Market cap: n/a
P/E (TTM): —
Price / sales: —
EV / EBITDA: —
Price / book: —

Cash flow

FCF yield: —
SBC-adjusted FCF yield: —
SBC impact: —
Stock compensation (TTM): —

Margins & growth

Profit margin: 3.9%
Operating margin: 18.1%
Quarterly revenue (year on year): 51.3%
Quarterly earnings (year on year): -65.5%

Balance sheet

Cash & investments: $95.3M
Debt: $903.2M
Net cash / (debt): -$807.9M

Where the revenue comes from

Time Charter Revenues is 99% of revenue.

By product or service

Year to Dec 31, 2025 · $361.7M

Time Charter Revenues99%
$359.1M+18.9% vs. a year earlier
Bareboat Revenues1%
$2.1M-56.9% vs. a year earlier
Voyage Revenue0.13%
$466K-87.2% vs. a year earlier

By customer

Quarter to Jun 30, 2025 · $74.8M

No yearly breakdown — showing the quarter

Subsidiary One30%
$22.4M+24.6% vs. a year earlier
Equinor Asa19%
$14.2M+1.2% vs. a year earlier
Subsidiary Five16%
$11.6M
Subsidiary Seven13%
$9.6M+112.4% vs. a year earlier
Subsidiary Two12%
$9.3M-16.6% vs. a year earlier
Subsidiary Four10%
$7.6M-26.0% vs. a year earlier

These lines account for 86% of revenue. Each breakdown reconciles to the total by its own route, so they need not agree with one another.

What it owns and what it owes

Both on one scale, because both are money — the bar that is taller is the one that matters.

Cash and debt

Cash & InvestmentsTotal Debt

Cash counts short-term investments, not just the bank balance — technology companies park most of it in marketable securities, and leaving those out understates it several times over. Debt includes lease obligations.

Where the money goes

Cost of RevenueR&D ExpenseSG&A Expense

Only the three costs filers report consistently. Anything a company does not break out sits outside these bands, so the stack is not the whole cost base.

The rest of the series

Not on the overview because five charts is as much as one decision needs — but here in full, on one period switch. Each bar sums the four quarters ending there — a full year, brought up to today.

Total Revenue

$382.14MQ2 2026+4.9%

1Y: +12.85%2Y: +28.77%5Y: +34.77%

Everything the company sold, before any costs. Each bar sums the four quarters ending there — a full year, brought up to today.

EBITDA

$204.35M2025+10.6%

No TTM figures — showing Yearly

Operating profit before depreciation and amortisation — approximated from operating income, because no depreciation tag is reported consistently enough across filers to do better. Treat it as indicative. One bar per fiscal year, as filed. Stops at the last completed year.

Profit

$14.91MQ2 2026-35.9%3.9% of revenue

1Y: -55.99%2Y: +665.98%5Y: -77.72%

What was left after every cost, including tax. Each bar sums the four quarters ending there — a full year, brought up to today.

Profit margin

3.9%Q2 2026-38.9%

How much of every dollar of sales the company keeps as profit. A grocer keeps a few cents; a software company can keep half. Each point covers the four quarters ending there — a full year, brought up to today.

Free Cash Flow

$155.46M2025+14.1%

No TTM figures — showing Yearly

Cash left over after running and maintaining the business. One bar per fiscal year, as filed. Stops at the last completed year.

Dividends paid

$75.24MQ2 2018+9.1%

Cash handed to shareholders. A flat line at zero means the company pays none. Each bar sums the four quarters ending there — a full year, brought up to today.

About KNOT Offshore Partners LP

Ticker: KNOP
SEC classification: Water Transportation (4400)
Listed on: NYSE
Incorporated in: 1T
Financial year ends: December 31
Filer size: Accelerated filer

About this data

Everything above comes from KNOT Offshore Partners LP’s own filings with the SEC, as reported. No estimates, no analyst figures, nothing adjusted.

Not reported by this filer: Cost of Revenue, Gross Profit, R&D Expense, Profit per share, Shares outstanding, Interest Income, Net Interest Income, Non-interest Income, Non-interest Expense, Deposits, Loans, Short-term Investments, Short-term Borrowings, Borrowings (total), Finance Lease (current), Finance Lease Liabilities (total), Finance Lease (noncurrent), and Stock-Based Compensation. Companies choose which XBRL tags to use, and anything untagged cannot be recovered — so these are blank rather than guessed.