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The latest announcement is out from KNOT Offshore Partners ( (KNOP) ).
KNOT Offshore Partners LP reported strong financial performance for Q2 2025, with revenues of $87.1 million and a net income of $6.8 million. The company achieved nearly full fleet utilization and declared cash distributions for common and preferred units. Significant events included the acquisition of a new shuttle tanker, a unit buyback program, and various charter extensions. The company is optimistic about future growth, driven by increased offshore oil production in Brazil and the North Sea, and anticipates that new shuttle tanker orders will meet rising demand.
The most recent analyst rating on (KNOP) stock is a Buy with a $9.00 price target. To see the full list of analyst forecasts on KNOT Offshore Partners stock, see the KNOP Stock Forecast page.
Spark’s Take on KNOP Stock
According to Spark, TipRanks’ AI Analyst, KNOP is a Outperform.
KNOT Offshore Partners’ stock is supported by strong financial performance and a positive outlook from the earnings call. However, technical indicators suggest overbought conditions, and the valuation appears stretched with a high P/E ratio and low dividend yield. The company’s ability to manage debt and maintain financial resilience will be crucial moving forward.
To see Spark’s full report on KNOP stock, click here.
More about KNOT Offshore Partners
KNOT Offshore Partners LP is a leading owner and operator in the shuttle tanker industry, primarily serving offshore oil markets. The company focuses on providing transportation services for oil companies, with a significant presence in Brazil’s pre-salt fields and the North Sea. Their operations are supported by long-term charters and strategic partnerships, positioning them well in a growing and tightening market.
Average Trading Volume: 65,130
Technical Sentiment Signal: Buy
Current Market Cap: $326M
Learn more about KNOP stock on TipRanks’ Stock Analysis page.