Welcome to our dedicated page for KNOT OFFSHORE PARTNERS LP news (Ticker: KNOP), a resource for investors and traders seeking the latest updates and insights on KNOT OFFSHORE PARTNERS LP stock.
KNOT Offshore Partners LP reports developments tied to its shuttle tanker fleet, which it owns, operates and acquires primarily under long-term charters in offshore oil production regions of Brazil and the North Sea. News commonly covers interim results, vessel utilization, credit facilities, cash distributions on common and preferred units, and the availability of annual Form 20-F reports.
Company updates also address limited-partner meeting and proxy matters, board capital-allocation actions such as unit buyback authorization, and governance processes involving proposals affecting the Partnership’s public common units. KNOP is a publicly traded master limited partnership whose common units trade on the NYSE and whose U.S. tax reporting is on Form 1099 rather than Schedule K-1.
KNOT Offshore Partners (KNOP) reported Q2 2026 revenues of $96.8 million, operating income of $15.6 million and net income of $3.4 million. Adjusted EBITDA was $57.6 million and available liquidity at June 30, 2026 totaled $143.3 million, comprising $95.3 million of cash and $48.0 million of undrawn revolver capacity.
The fleet achieved 96.8% utilization for scheduled operations (92.4% including drydockings). Compared with Q1 2026, revenues increased from $92.0 million and net income from $2.6 million, while vessel operating expenses rose to $36.4 million. Versus Q2 2025, operating income decreased by $6.6 million and net income declined by $3.4 million.
Key developments included a new $225 million senior secured credit facility maturing in June 2031, the $113.0 million Hedda Knutsen dropdown acquisition with a Petrobras charter to November 2034, multiple long-term charter extensions, and continued distribution of $0.075 per common unit for Q2 2026.
KNOT Offshore Partners (NYSE:KNOP) announced that wholly owned subsidiary KNOT Shuttle Tankers AS has agreed to acquire Knutsen Canadian Chartering AS, owner of the 2024-built shuttle tanker Hedda Knutsen, from Knutsen NYK Offshore Tankers AS. The purchase price is $113.0 million, less $89.4 million of existing debt plus $0.8 million of capitalized fees, for an initial cash cost of about $24.4 million, subject to working capital adjustments.
The 154,000 DWT DP2 Suezmax vessel operates in Brazil on a time charter with Petrobras to November 2034, with a 5-year extension option. KNOP’s Board and independent Conflicts Committee approved the deal with support from external advisors.
Separately, on August 7, 2026, KNOP subsidiaries entered a new $225 million senior secured credit facility with DNB Bank ASA, refinancing $225.8 million of term loans. The facility, secured by five vessels and guaranteed by KNOP, is amortized over 20 quarterly instalments with a $111.1 million balloon due June 2031 and interest at SOFR + 1.65%. Closing occurred on August 25, 2026, extending maturities from September 2026.
KNOT Offshore Partners (NYSE:KNOP) will release its Q2 2026 financial results before market open on Friday, September 4, 2026, and host an earnings conference call at 9:30 AM Eastern Time. A live webcast, replay, and the Q2 2026 earnings presentation will be available on www.knotoffshorepartners.com.
KNOT Offshore Partners (NYSE:KNOP) declared a 2Q 2026 quarterly cash distribution of US$0.075 per common unit for the quarter ended June 30, 2026.
The distribution will be paid on August 13, 2026 to unitholders of record as of July 27, 2026. The Partnership believes accretive dropdowns and rechartering improvements should support multiple, gradual distribution increases over coming quarters and years.
Summary not available.
KNOT Offshore Partners (NYSE:KNOP) reported Q1 2026 revenues of $92.0 million, operating income of $14.7 million, net income of $2.6 million and Adjusted EBITDA of $56.5 million. Fleet utilization was 97.2% for scheduled operations. Available liquidity was $140.7 million, up $3.7 million from year-end 2025.
The Partnership declared a $0.05 quarterly distribution per common unit and $1.7 million on Series A preferred units. Several multi‑year time charters and extensions were secured, while total debt stood at $932.8 million with significant repayments scheduled from 2026 onward.
KNOT Offshore Partners (NYSE:KNOP) will release its Q1 2026 earnings before market open on Friday, May 29, 2026. Management will host an earnings results conference call at 9:30 AM Eastern Time, with a live webcast and replay available on the company website.
The Q1 2026 earnings presentation will be posted on the website prior to the call. KNOT Offshore Partners owns and operates shuttle tankers on long-term charters in offshore oil regions in Brazil and the North Sea and is listed on the NYSE under ticker KNOP.
KNOT Offshore Partners LP (NYSE:KNOP) announced that its Annual Report on Form 20-F for the year ended December 31, 2025 has been filed with the SEC and is available online.
The report includes the Partnership’s complete audited financial statements and can be accessed on the Partnership’s Investors section or on the SEC website. Unitholders may request a free hard copy by emailing ir@knotoffshorepartners.com or writing to the Aberdeen address provided. The company operates shuttle tankers under long-term charters in Brazil and the North Sea and is classified as a corporation for U.S. tax purposes (issues Form 1099).
KNOT Offshore Partners LP (NYSE:KNOP) declared a quarterly cash distribution of US$0.05 per common unit for the quarter ended March 31, 2026. The distribution will be paid on May 14, 2026 to unitholders of record as of April 27, 2026.
The Board described this as an increase tied to an ongoing review of capital allocation. KNOT Offshore Partners operates shuttle tankers under long-term charters in Brazil and the North Sea and issues Form 1099 to unitholders for U.S. tax purposes.
KNOT Offshore Partners (NYSE:KNOP) reported Q4 2025 results with $96.5M revenue, $59.3M Adjusted EBITDA and available liquidity of $137.0M at December 31, 2025. The quarter included a $20.3M non-cash impairment of the Bodil Knutsen, producing a net loss of $6.2M.
The fleet ran at 99.5% scheduled utilization and charter coverage stood at ~98% for H1 2026 and ~88% for H2 2026. The Board completed a $10M buyback program (repurchases $3.03M) and changed vessel useful lives from 23 to 20 years effective Jan 1, 2026.