KNOT Offshore Partners LP (KNOP) Financial Statements & Analysis

KNOT Offshore Partners LP (KNOP) Income Statement

KNOT Offshore Partners LP reported revenue of $364.44M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 14.4% from $318.60M a year earlier. Net income was $23.26M, up 65.4% year over year, a net margin of 6.4%. Gross margin was 30.4% and operating margin 28.4%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $92.65M, up 7.2% from the same quarter a year earlier.

KNOT Offshore Partners LP Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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KNOT Offshore Partners LP income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	364.44	318.60	287.88	268.59	281.13	279.22	282.56	279.46	219.20
Cost of Revenue	253.48	223.94	98.89	196.27	171.67	61.01	149.97	145.49	118.29
Gross Profit	110.96	94.66	191.83	72.32	109.46	218.22	132.59	133.97	100.91
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	7.40	6.07	6.14	6.10	6.46	5.39	4.86	5.29	5.56
Operating Expenses	7.40	6.07	166.69	6.10	6.46	95.14	4.86	5.29	5.56
Operating Income	103.57	88.60	25.14	66.22	103.00	123.08	127.73	128.68	95.36
Other Income/Expense
Interest Income	3.57	3.64	3.47	0.82	0.00	0.13	0.87	0.74	0.25
Interest Expense	62.79	65.13	-66.62	39.91	24.55	-56.97	51.58	51.22	32.12
Other Income/Expense	-79.14	-9.83	-64.06	35.73	-19.56	-1.06	-68.76	-46.52	-27.31
Income
Income Before Tax	24.42	14.70	-38.92	59.54	54.36	65.24	58.97	82.16	68.05
Income Tax Expense	1.16	0.63	-4.60	0.88	0.49	0.01	0.01	0.00	-0.02
Net Income	23.26	14.07	-40.37	58.67	53.88	65.23	58.96	82.17	68.07
Net Income - Continuous Operations	23.26	14.07	-34.33	58.67	53.88	65.23	58.96	82.17	68.07
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	197.01	190.68	182.20	205.43	177.56	211.91	201.00	222.74	172.18
EBIT	84.06	79.83	71.95	99.45	78.91	123.08	-	-	-
Depreciation & Amortization	112.95	110.85	99.02	105.98	98.65	88.83	90.45	89.36	72.01
Earnings Per Share
Basic EPS	-	-	-1.00	2.00	2.00	2.00	2.00	3.00	2.00
Diluted EPS	-	-	-1.00	2.00	2.00	2.00	2.00	3.00	2.00
Basic Shares Outstanding	33.92	34.05	34.94	33.88	33.05	33.31	32.69	32.69	30.07
Diluted Shares Outstanding	33.92	34.05	39.32	33.88	33.05	33.31	32.69	32.69	30.07

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About KNOT Offshore Partners LP Financial Statements

What was KNOT Offshore Partners LP's revenue in fiscal 2025?

KNOT Offshore Partners LP reported revenue of $364.44M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 14.4% from $318.60M a year earlier.

Is KNOT Offshore Partners LP profitable?

Yes. KNOT Offshore Partners LP earned net income of $23.26M in fiscal 2025, a net margin of 6.4%. In fiscal 2024 it earned $14.06M.

What is KNOT Offshore Partners LP's operating margin?

KNOT Offshore Partners LP's operating income was $103.57M on revenue of $364.44M in fiscal 2025, an operating margin of 28.4%, compared with 27.8% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition