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KNOT Offshore Partners (KNOP)
NYSE:KNOP
RESEARCH TOOLSreports
Earnings Data
Report Date
Aug 28, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.14Last Year’s EPS
-0.38Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 21, 2025
|% Change Since: -3.23%
|Next Earnings Date:Aug 28, 2025
Earnings Call Sentiment|Neutral
KNOT Offshore Partners has delivered strong revenue and utilization rates, supported by a positive market outlook and successful operational strategies. However, the need to manage significant debt levels and expiring interest rate hedges, along with modest dividend payments, present challenges.Company Guidance
During KNOT Offshore Partners' First Quarter 2025 earnings call, guidance was provided on various financial metrics and operational updates. The partnership reported revenues of $84 million, an operating income of $23.4 million, and a net income of $7.6 million. Adjusted EBITDA was $52.2 million, with available liquidity closing at $101 million, comprising $67 million in cash and cash equivalents, plus $34 million in undrawn capacity on credit facilities. The utilization rate was 99.5%, considering two dry dockings, leading to an overall utilization of 96.9%. A cash distribution of $0.026 per common unit was declared, paid in early May. The contracted revenue position was strong at $854 million at the end of Q1, with fixed contracts averaging 2.3 years and additional options averaging 4.7 years. The partnership anticipates a $90 million debt paydown annually and sees potential growth opportunities in the Brazilian market due to the demand for shuttle tankers. Additionally, KNOT is focused on refinancing several facilities due this year while maintaining a robust financial and operational performance.Strong Revenue and Utilization
KNOT Offshore Partners reported Q1 2025 revenues of $84 million with an impressive 99.5% utilization rate, excluding dry dockings.
Positive Market Outlook
The company anticipates significant growth in shuttle tanker demand, driven by new FPSO projects in Brazil and the North Sea.
Strong Contracted Revenue
KNOT has a strong contracted revenue position of $854 million with an average contract duration of 2.3 years.
Successful Vessel Swap
The swap of Dan Sabia for Live Knutsen was completed, enhancing the fleet and operational capacity.
KNOP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
KNOP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 21, 2025 | $6.51 | $6.48 | -0.46% |
Mar 19, 2025 | $5.61 | $6.29 | +12.12% |
Dec 04, 2024 | $5.81 | $5.69 | -2.07% |
Sep 03, 2024 | $7.56 | $6.88 | -8.99% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does KNOT Offshore Partners (KNOP) report earnings?
KNOT Offshore Partners (KNOP) is schdueled to report earning on Aug 28, 2025, TBA Not Confirmed.
What is KNOT Offshore Partners (KNOP) earnings time?
KNOT Offshore Partners (KNOP) earnings time is at Aug 28, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KNOP EPS forecast?
KNOP EPS forecast for the fiscal quarter 2025 (Q2) is 0.14.