KNOT Offshore Partners LPKNOP
What KNOT Offshore Partners LP does.
We were formed to own and operate shuttle tankers, initially and wherever possible, under long-term charters. Our primary business objective is to generate stable cash flows and provide a sustainable quarterly distribution per unit to our unitholders. Where possible, our further objective is to grow our business through accretive acquisitions of shuttle tankers and by chartering those vessels pursuant to profitable charters with high quality customers. The vessels in our current fleet are chartered to Brazil Shipping I Limited, a subsidiary of Royal Dutch Shell (“Shell”), Equinor ASA (“Equinor”), Fronape International Company, a subsidiary of Petrobras Transporte S.A. (“Transpetro”), Repsol Sinopec Brasil, S.A., a subsidiary of Repsol Sinopec Brasil, B.V., combined with Repsol Trading S.A. (“Repsol”), Chartering and Shipping Service S.A., a subsidiary of TotalEnergies (“TotalEnergies”), Eni Trading and Shipping S.p.A. (“Eni”), SeaRiver Maritime LLC, a subsidiary of ExxonMobil (“ExxonMobil”), Galp Sinopec Brazil Services BV (“Galp Sinopec”), and PetroChina International (America), Inc. (“PetroChina”) as of April 17, 2026. As of December 31, 2025, our
charters have an average remaining term excluding options of 2.6 years, with the charterers of the Partnership’s vessels having options to extend their charters by an additional 4.1 years on average.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $279.2M | $281.1M | $268.6M | $290.7M | $318.6M | $364.4M |
| Net income | $65.2M | $53.9M | $58.7M | -$34.3M | $14.1M | $23.3M |
More on KNOP.
- KNOT Offshore Partners LP summary
- KNOT Offshore Partners LP financial statements
- KNOT Offshore Partners LP key metrics
- KNOT Offshore Partners LP health scores and style box
- KNOT Offshore Partners LP earnings
- KNOT Offshore Partners LP dividends
- KNOT Offshore Partners LP valuation
- KNOT Offshore Partners LP ownership and insiders
- KNOT Offshore Partners LP peers
Figures from KNOT Offshore Partners LP's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.