KNOT Offshore Partners Reports Q1 2026 Net Income Recovery
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Source: seekingalpha
- Net Income Recovery: KNOT Offshore Partners reported a net income of $2.6 million in Q1 2026, a significant turnaround from a net loss of $6.2 million in Q4 2025, indicating a recovery in financial performance and operational efficiency.
- Revenue Growth: The company achieved revenue of $92.01 million in Q1, reflecting a 9.5% year-over-year increase, although it fell short of expectations by $0.4 million, suggesting a need for enhanced sales strategies to capitalize on improving market demand.
- Liquidity Position: As of March 31, 2026, KNOT reported available liquidity of $140.7 million, comprised of $92.7 million in cash and cash equivalents and $48.0 million in undrawn revolving credit facility capacity, demonstrating robust financial management that supports future investments and operations.
- Fleet Utilization: The fleet operated at a 97.2% utilization rate for scheduled operations in Q1 2026, with an overall utilization of 92.0% when accounting for scheduled drydockings, indicating the company's capability to maintain efficient operations despite challenges from drydock periods.
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Analyst Views on KNOP
Wall Street analysts forecast KNOP stock price to fall
3 Analyst Rating
0 Buy
3 Hold
0 Sell
Hold
Current: 11.190
Low
10.00
Averages
10.00
High
10.00
Current: 11.190
Low
10.00
Averages
10.00
High
10.00
About KNOP
KNOT Offshore Partners LP is a United Kingdom-based company that owns, operates and acquires shuttle tankers primarily under long-term charters in the offshore oil production regions of Brazil and the North Sea. The Company's fleet consists of approximately 18 shuttle tankers, which vessels are designed to transport crude oil and condensates from offshore oil field installations to onshore terminals and refineries. Its shuttle tankers are equipped with sophisticated loading and dynamic positioning systems that allow the vessels to load cargo safely from oil field installations, in harsh weather conditions and where there are strong currents. The Company's vessels include Tove Knutsen, Synnove Knutsen, Lena Knutsen, Vigdis Knutsen, Anna Knutsen, Tordis Knutsen, Raquel Knutsen, Carmen Knutsen, Brasil Knutsen, Hilda Knutsen, Torill Knutsen, Ingrid Knutsen, Dan Sabia, Bodil Knutsen, Fortaleza Knutsen, Recife Knutsen, Dan Cisne, Windsor Knutsen, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
KNOT Offshore Partners Reports Strong Q1 2026 Financial Results
- Strong Financial Performance: KNOT Offshore Partners reported total revenues of $92 million, operating income of $14.7 million, and net income of $2.6 million for Q1 2026, demonstrating the company's ability to maintain profitability under a stable commercial model.
- Increased Liquidity: As of March 31, 2026, the company reported available liquidity of $140.7 million, which is $3.7 million higher than December 31, 2025, enhancing financial flexibility for future investments and operations.
- High Fleet Utilization: The fleet operated at a 97.2% utilization rate for scheduled operations in Q1 2026, with an overall utilization of 92.0% when accounting for scheduled drydockings, indicating strong operational efficiency in a high-demand market.
- Sustained Dividend Policy: The company declared a quarterly cash distribution of $0.05 per unit on April 7, 2026, to be paid on May 14, 2026, reflecting its commitment to shareholder returns despite market challenges.
See More
KNOT Offshore Partners Q1 2026 Earnings Call Insights
- Financial Performance: KNOT Offshore Partners reported revenues of $92 million, operating income of $14.7 million, net income of $2.6 million, and adjusted EBITDA of $56.5 million for Q1 2026, indicating the company's stability and profitability in the market.
- Liquidity Position: As of March 31, 2026, the company had $140.7 million in available liquidity, comprising $92.7 million in cash and cash equivalents and $48 million in undrawn credit capacity, demonstrating financial flexibility and the ability to navigate market fluctuations.
- Dividend Policy: The company declared a cash distribution of $0.05 per common unit, marking the initiation of a higher payout phase after a prolonged period of low distributions, reflecting management's confidence in future earnings growth.
- Market Outlook: Management highlighted tightening markets in Brazil and the North Sea, with a total backlog of $858 million in fixed contracts averaging 2.4 years, showcasing the company's revenue security and competitive position for the coming years.
See More
KNOT Offshore Partners Reports Q1 2026 Net Income Recovery
- Net Income Recovery: KNOT Offshore Partners reported a net income of $2.6 million in Q1 2026, a significant turnaround from a net loss of $6.2 million in Q4 2025, indicating a recovery in financial performance and operational efficiency.
- Revenue Growth: The company achieved revenue of $92.01 million in Q1, reflecting a 9.5% year-over-year increase, although it fell short of expectations by $0.4 million, suggesting a need for enhanced sales strategies to capitalize on improving market demand.
- Liquidity Position: As of March 31, 2026, KNOT reported available liquidity of $140.7 million, comprised of $92.7 million in cash and cash equivalents and $48.0 million in undrawn revolving credit facility capacity, demonstrating robust financial management that supports future investments and operations.
- Fleet Utilization: The fleet operated at a 97.2% utilization rate for scheduled operations in Q1 2026, with an overall utilization of 92.0% when accounting for scheduled drydockings, indicating the company's capability to maintain efficient operations despite challenges from drydock periods.
See More
KNOT Offshore Partners to Release Q1 2026 Financial Results and Host Conference Call
- Earnings Release Plan: KNOT Offshore Partners LP plans to release its Q1 2026 financial results before market opening on May 29, 2026, aiming to provide investors with the latest financial performance information and enhance transparency.
- Conference Call Arrangement: On the same day, KNOT Offshore Partners will host a conference call at 9:30 AM Eastern Time, inviting all unitholders and interested parties to join via the live webcast link on its website, fostering interaction with investors.
- Webcast Replay Service: Following the conclusion of the call, KNOT Offshore Partners will provide a replay on its website, ensuring that investors who could not participate live can access financial information, thereby improving information accessibility.
- Company Background: KNOT Offshore Partners LP focuses on owning, operating, and acquiring long-term chartered shuttle tankers in offshore oil production regions of Brazil and the North Sea, structured as a publicly traded master limited partnership to offer tax transparency to attract investors.
See More
KNOT Offshore Partners Files 2025 Annual Report
- Annual Report Filing: KNOT Offshore Partners LP announced the filing of its Annual Report on Form 20-F for the year ended December 31, 2025, with the SEC, ensuring timely access to financial information for investors through its website.
- Financial Transparency: The report includes complete audited financial statements, and unitholders can request a hard copy free of charge via email or mail, enhancing communication and trust between the company and its investors.
- Corporate Structure: Although structured as a publicly traded master limited partnership, KNOT Offshore Partners LP is classified as a corporation for U.S. federal tax purposes, issuing a Form 1099 to unitholders, which simplifies tax reporting processes.
- Market Positioning: The company focuses on owning and operating shuttle tankers under long-term charters primarily in offshore oil production regions of Brazil and the North Sea, demonstrating its specialization and long-term strategic positioning in specific markets.
See More
KNOT Offshore Partners LP Releases Form 20-F for the Year Ending December 31, 2025
- Announcement of Availability: KNOT Offshore Partners LP has announced the availability of its Form 20-F for the year ended December 31, 2025.
- Regulatory Compliance: The filing is part of the company's compliance with regulatory requirements for financial reporting.
See More
KNOT Offshore Partners Reports Strong Q1 2026 Financial Results
- Strong Financial Performance: KNOT Offshore Partners reported total revenues of $92 million, operating income of $14.7 million, and net income of $2.6 million for Q1 2026, demonstrating the company's ability to maintain profitability under a stable commercial model.
- Increased Liquidity: As of March 31, 2026, the company reported available liquidity of $140.7 million, which is $3.7 million higher than December 31, 2025, enhancing financial flexibility for future investments and operations.
- High Fleet Utilization: The fleet operated at a 97.2% utilization rate for scheduled operations in Q1 2026, with an overall utilization of 92.0% when accounting for scheduled drydockings, indicating strong operational efficiency in a high-demand market.
- Sustained Dividend Policy: The company declared a quarterly cash distribution of $0.05 per unit on April 7, 2026, to be paid on May 14, 2026, reflecting its commitment to shareholder returns despite market challenges.
See More
KNOT Offshore Partners Q1 2026 Earnings Call Insights
- Financial Performance: KNOT Offshore Partners reported revenues of $92 million, operating income of $14.7 million, net income of $2.6 million, and adjusted EBITDA of $56.5 million for Q1 2026, indicating the company's stability and profitability in the market.
- Liquidity Position: As of March 31, 2026, the company had $140.7 million in available liquidity, comprising $92.7 million in cash and cash equivalents and $48 million in undrawn credit capacity, demonstrating financial flexibility and the ability to navigate market fluctuations.
- Dividend Policy: The company declared a cash distribution of $0.05 per common unit, marking the initiation of a higher payout phase after a prolonged period of low distributions, reflecting management's confidence in future earnings growth.
- Market Outlook: Management highlighted tightening markets in Brazil and the North Sea, with a total backlog of $858 million in fixed contracts averaging 2.4 years, showcasing the company's revenue security and competitive position for the coming years.
See More
KNOT Offshore Partners Reports Q1 2026 Net Income Recovery
- Net Income Recovery: KNOT Offshore Partners reported a net income of $2.6 million in Q1 2026, a significant turnaround from a net loss of $6.2 million in Q4 2025, indicating a recovery in financial performance and operational efficiency.
- Revenue Growth: The company achieved revenue of $92.01 million in Q1, reflecting a 9.5% year-over-year increase, although it fell short of expectations by $0.4 million, suggesting a need for enhanced sales strategies to capitalize on improving market demand.
- Liquidity Position: As of March 31, 2026, KNOT reported available liquidity of $140.7 million, comprised of $92.7 million in cash and cash equivalents and $48.0 million in undrawn revolving credit facility capacity, demonstrating robust financial management that supports future investments and operations.
- Fleet Utilization: The fleet operated at a 97.2% utilization rate for scheduled operations in Q1 2026, with an overall utilization of 92.0% when accounting for scheduled drydockings, indicating the company's capability to maintain efficient operations despite challenges from drydock periods.
See More
KNOT Offshore Partners to Release Q1 2026 Financial Results and Host Conference Call
- Earnings Release Plan: KNOT Offshore Partners LP plans to release its Q1 2026 financial results before market opening on May 29, 2026, aiming to provide investors with the latest financial performance information and enhance transparency.
- Conference Call Arrangement: On the same day, KNOT Offshore Partners will host a conference call at 9:30 AM Eastern Time, inviting all unitholders and interested parties to join via the live webcast link on its website, fostering interaction with investors.
- Webcast Replay Service: Following the conclusion of the call, KNOT Offshore Partners will provide a replay on its website, ensuring that investors who could not participate live can access financial information, thereby improving information accessibility.
- Company Background: KNOT Offshore Partners LP focuses on owning, operating, and acquiring long-term chartered shuttle tankers in offshore oil production regions of Brazil and the North Sea, structured as a publicly traded master limited partnership to offer tax transparency to attract investors.
See More
KNOT Offshore Partners Files 2025 Annual Report
- Annual Report Filing: KNOT Offshore Partners LP announced the filing of its Annual Report on Form 20-F for the year ended December 31, 2025, with the SEC, ensuring timely access to financial information for investors through its website.
- Financial Transparency: The report includes complete audited financial statements, and unitholders can request a hard copy free of charge via email or mail, enhancing communication and trust between the company and its investors.
- Corporate Structure: Although structured as a publicly traded master limited partnership, KNOT Offshore Partners LP is classified as a corporation for U.S. federal tax purposes, issuing a Form 1099 to unitholders, which simplifies tax reporting processes.
- Market Positioning: The company focuses on owning and operating shuttle tankers under long-term charters primarily in offshore oil production regions of Brazil and the North Sea, demonstrating its specialization and long-term strategic positioning in specific markets.
See More
KNOT Offshore Partners LP Releases Form 20-F for the Year Ending December 31, 2025
- Announcement of Availability: KNOT Offshore Partners LP has announced the availability of its Form 20-F for the year ended December 31, 2025.
- Regulatory Compliance: The filing is part of the company's compliance with regulatory requirements for financial reporting.
See More
