KNOT Offshore Partners (NYSE: KNOP) ends discussions on proposed KNOT buyout offer

Rhea-AI Filing Summary

KNOT Offshore Partners LP reports that discussions about a proposed buyout offer from Knutsen NYK Offshore Tankers AS to acquire all publicly held common units for cash have been terminated. The offer was unsolicited and non-binding.

A Conflicts Committee of non-KNOT-affiliated directors, supported by independent financial and legal advisors, evaluated the proposal and held several discussions with KNOT. After this review, both sides concluded they could not reach an agreement and ended talks, so the Partnership will continue as a standalone publicly traded entity.

Positive

• None.

Negative

• Buyout proposal terminated: Discussions with Knutsen NYK Offshore Tankers AS about acquiring all publicly held common units for cash ended without agreement, removing a potential liquidity event and pricing benchmark for unitholders.

Insights

MLP and energy infrastructure analyst

Termination of a proposed take-private removes a potential cash-out event.

KNOT Offshore Partners LP confirms that negotiations over an unsolicited, non-binding offer from Knutsen NYK Offshore Tankers AS to buy all publicly held common units for cash have ended without agreement. A Conflicts Committee of independent directors led the evaluation with outside advisors.

This outcome means unitholders no longer have an active cash acquisition proposal on the table and remain exposed to the Partnership’s standalone prospects in shuttle tanker markets in Brazil and the North Sea. The press release does not describe alternative strategic options, so future direction will need to come from subsequent company communications.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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FORM 6-K

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REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of March 2026

Commission File Number: 001-35866

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KNOT Offshore Partners LP

(Translation of registrant’s name into English)

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2 Queen’s Cross,

Aberdeen, AB15 4YB

United Kingdom

(Address of principal executive office)

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Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒ ​ Form 40-F ☐

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ITEM 1–INFORMATION CONTAINED IN THIS FORM 6-K REPORT

Attached as Exhibit 99.1 is a copy of the press release of KNOT Offshore Partners LP dated March 19, 2026.

ITEM 2– EXHIBITS

The following exhibits are filed as a part of this report:

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Exhibit Number	​ ​ ​	Exhibit Description
99.1	​	Press release dated March 19, 2026.

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

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​	KNOT OFFSHORE PARTNERS LP
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Date: March 19, 2026	By:	/s/ Derek Lowe
​	​	Name: Derek Lowe
​	​	Title: Chief Executive Officer and Chief Financial Officer

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Exhibit 99.1

KNOT Offshore Partners LP announces termination of discussions on proposed buyout offer from Knutsen NYK Offshore Tankers AS

March 19, 2026

ABERDEEN, Scotland--(BUSINESS WIRE)--KNOT Offshore Partners LP (NYSE:KNOP) (“The Partnership”) announced today that discussions regarding the unsolicited non-binding proposal received by the Partnership on October 31, 2025 from Knutsen NYK Offshore Tankers AS (“KNOT”), pursuant to which KNOT proposed to acquire through a wholly-owned subsidiary all publicly held common units of the Partnership in exchange for cash (the “KNOT Offer”), have been terminated.

The Conflicts Committee of the Partnership’s Board, which is comprised of only non-KNOT-affiliated directors, retained independent financial and legal advisors to assist it in evaluating the KNOT Offer.

The Conflicts Committee and its independent advisors reviewed the KNOT Offer and had several discussions with KNOT over the last few months regarding the potential transaction.

Following such discussions, the parties have determined that they will not be able to reach an agreement and have therefore terminated discussions regarding the KNOT Offer.

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About KNOT Offshore Partners LP

KNOT Offshore Partners LP owns, operates and acquires shuttle tankers primarily under long-term charters in the offshore oil production regions of Brazil and the North Sea.

KNOT Offshore Partners LP is structured as a publicly traded master limited partnership but is classified as a corporation for U.S. federal income tax purposes, and thus issues a Form 1099 to its unitholders, rather than a Form K-1. KNOT Offshore Partners LP’s common units trade on the New York Stock Exchange under the symbol “KNOP”.

KNOT Offshore Partners LP
Derek Lowe
Chief Executive Officer and Chief Financial Officer
Tel: +44 1224 618 420

Email: ir@knotoffshorepartners.com

Source: KNOT Offshore Partners LP

FAQ

What did KNOT Offshore Partners (KNOP) announce about the proposed KNOT buyout?

KNOT Offshore Partners announced that discussions on an unsolicited, non-binding proposal from Knutsen NYK Offshore Tankers AS to acquire all publicly held common units for cash have been terminated after the parties could not reach agreement.

Who evaluated the KNOT buyout offer for KNOT Offshore Partners (KNOP)?

A Conflicts Committee of the Partnership’s board, composed solely of non-KNOT-affiliated directors, evaluated the offer. The committee hired independent financial and legal advisors and held several discussions with Knutsen NYK Offshore Tankers AS before deciding the parties could not reach agreement.

Was the KNOT Offshore Partners (KNOP) buyout proposal binding?

The proposal from Knutsen NYK Offshore Tankers AS was explicitly described as unsolicited and non-binding. It contemplated acquiring all publicly held common units for cash, but the parties ended discussions without entering into a binding agreement or announcing transaction terms.

What happens to KNOT Offshore Partners (KNOP) after the buyout talks ended?

With discussions on the proposed buyout terminated, KNOT Offshore Partners continues as an independent, publicly traded master limited partnership. Its common units remain listed on the New York Stock Exchange under the symbol KNOP, with operations focused on shuttle tankers under long-term charters.

What business does KNOT Offshore Partners (KNOP) operate in?

KNOT Offshore Partners owns, operates and acquires shuttle tankers, mainly on long-term charters in offshore oil production regions of Brazil and the North Sea. It is structured as a publicly traded master limited partnership but taxed as a corporation for U.S. federal income tax purposes.

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 EX-99.1 4.7 KB