olivLaw · US equity research
KNOT Offshore Partners LP KNOP
Water Transportation · SIC 4400 · Vertical: Water Transportation (SIC 4400)
KNOT Offshore Partners LP owns and operates shuttle tankers that carry crude oil from offshore fields to shore, mainly in Brazil and the North Sea, under long-term charters. The company matters now because it has raised its common unit distribution to 0.05 dollars per unit after an earlier cut to 0.026 dollars, and it is reshaping its fleet while revising vessel useful lives.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 05 Nov 2026, KNOT Offshore Partners LP (KNOP) stock was 8.47 USD (−3.09% on the day), with market capitalisation 288.4 m USD, P/E 12.4, dividend yield 3.61%, beta 0.48, 52-week range 8.47–11.54 USD. Latest reported quarter (Q1 2013): net income of -3.5 m USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 17.5
- oversold (≤ 30)
- Bollinger (20, 2)
- 8.69 – 10.77
- below the lower band · %B -0.11 · band width 21.4%
- SMA 50 / 200
- 10.43 / 10.50
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.43 / -0.29
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −17.4% | −1.1% | −16.3 pp | — |
| 3 months | −20.4% | −0.5% | −19.9 pp | — |
| 6 months | −23.3% | +4.4% | −27.7 pp | — |
| Year to date | −18.2% | +12.3% | −30.5 pp | — |
| 1 year | −13.9% | +13.5% | −27.5 pp | +21.5% |
| 3 years | +47.3% | +76.4% | −29.1 pp | +60.3% |
| 5 years | −53.5% | +63.7% | −117.2 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q1 2013 · 15 Apr 2013
Quarterly statements · USD
| Fiscal year | Q1 '13 |
|---|---|
| Net income | -3.5 m |
E/P over time
EPS unavailable in the issuer's structured filings (e.g. a partnership reports per unit, not per share).
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 279.5 m | 282.6 m | 279.2 m | 281.1 m | 268.6 m | 290.7 m | 318.6 m | 364.4 m |
| Revenue YoY | +27.5% | +1.1% | −1.2% | +0.7% | −4.5% | +8.2% | +9.6% | +14.4% |
| Net income | 82.2 m | 59.0 m | 65.2 m | 53.9 m | 58.7 m | -34.3 m | 14.1 m | 23.3 m |
| Net income YoY | +20.7% | −28.2% | +10.6% | −17.4% | +8.9% | −158.5% | unavailable | +65.4% |
| Diluted EPS | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| Diluted EPS YoY | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| net % | 29.4% | 20.9% | 23.4% | 19.2% | 21.8% | -11.8% | 4.4% | 6.4% |
| Free cash flow | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 89.0 m USD
- Financial debt
- 955.1 m USD
- Net debt
- 866.1 m USD
- Equity
- unavailable USD
- Total assets
- 1.7 bn USD
- Debt / equity
- unavailable
- Current ratio
- 0.26x
- ROE
- unavailable
- ROA
- 1.4%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 279.2 m | 281.1 m | 268.6 m | 290.7 m | 318.6 m | 364.4 m | SEC (XBRL)· 17 Apr 2026verified |
| Operating income | 123.1 m | 73.6 m | 66.2 m | 25.1 m | 72.9 m | 84.6 m | SEC (XBRL)· 17 Apr 2026verified |
| Interest expense | 31.6 m | 28.1 m | 42.6 m | 72.1 m | 67.4 m | 62.0 m | SEC (XBRL)· 17 Apr 2026verified |
| Pre-tax income | 65.2 m | 54.4 m | 59.5 m | -38.9 m | 14.7 m | 24.4 m | SEC (XBRL)· 17 Apr 2026verified |
| Income tax | 10.0 k | 488.0 k | 875.0 k | -4.6 m | 631.0 k | 1.2 m | SEC (XBRL)· 17 Apr 2026verified |
| Net income | 65.2 m | 53.9 m | 58.7 m | -34.3 m | 14.1 m | 23.3 m | SEC (XBRL)· 17 Apr 2026verified |
| Dividend per share | 2.43 | 2.36 | 2.33 | 0.31 | — | — | SEC (XBRL)· 11 Apr 2024derived |
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 52.6 m | 62.3 m | 47.6 m | 63.9 m | 66.9 m | 89.0 m | SEC (XBRL)· 17 Apr 2026verified |
| Receivables | — | — | 7.7 m | 4.9 m | 6.3 m | 3.7 m | SEC (XBRL)· 17 Apr 2026verified |
| Inventories | 2.7 m | 3.3 m | 5.8 m | 3.7 m | 3.3 m | 4.3 m | SEC (XBRL)· 17 Apr 2026verified |
| Current assets | 66.5 m | 73.9 m | 85.9 m | 89.8 m | 95.4 m | 111.4 m | SEC (XBRL)· 17 Apr 2026verified |
| Property, plant & equipment, net | 1.7 bn | 1.6 bn | 1.6 bn | 1.5 bn | 1.5 bn | 1.6 bn | SEC (XBRL)· 17 Apr 2026verified |
| Intangibles (excl. goodwill) | 681.0 k | 75.0 k | — | — | — | — | SEC (XBRL)· 17 Mar 2022verified |
| Total assets | 1.8 bn | 1.7 bn | 1.7 bn | 1.6 bn | 1.6 bn | 1.7 bn | SEC (XBRL)· 17 Apr 2026verified |
| Accounts payable | 3.8 m | 3.9 m | 4.3 m | 10.2 m | 5.8 m | 9.6 m | SEC (XBRL)· 17 Apr 2026verified |
| Short-term debt | 184.2 m | 88.6 m | 369.8 m | 99.0 m | 256.7 m | 381.1 m | SEC (XBRL)· 17 Apr 2026verified |
| Long-term debt | 846.2 m | 878.5 m | 686.6 m | 857.8 m | 648.1 m | 574.0 m | SEC (XBRL)· 17 Apr 2026verified |
| Current liabilities | 213.9 m | 116.0 m | 390.0 m | 127.6 m | 287.1 m | 426.9 m | SEC (XBRL)· 17 Apr 2026verified |
| Total liabilities | 1.1 bn | 1.0 bn | 1.1 bn | 989.0 m | 961.0 m | 1.1 bn | SEC (XBRL)· 17 Apr 2026verified |
| Shares outstanding at year end | 32.7 m | 33.7 m | 34.0 m | 34.0 m | — | — | SEC (XBRL)· 11 Apr 2024verified |
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 169.2 m | 166.4 m | 100.9 m | 131.6 m | 137.1 m | 155.7 m | SEC (XBRL)· 17 Apr 2026verified |
| Investing cash flow | -21.4 m | -11.5 m | -35.5 m | -2.8 m | -338.0 k | -25.3 m | SEC (XBRL)· 17 Apr 2026verified |
| Financing cash flow | -139.3 m | -145.1 m | -80.0 m | -112.5 m | -133.3 m | -108.6 m | SEC (XBRL)· 17 Apr 2026verified |
| Dividends paid | 79.3 m | 79.4 m | 79.5 m | 10.4 m | 10.4 m | 10.4 m | SEC (XBRL)· 17 Apr 2026verified |
| Share repurchases | — | — | — | — | — | 3.0 m | SEC (XBRL)· 17 Apr 2026verified |
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- score weight coverage: 41.7% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: 288.4 m USD
Key indicators
Coverage and freshness
Score by group
42% · Insufficient data
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 4.02 – 12.84 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/EBITDAunavailable · input data missing
- Peers: P/E5.54 – 12.84 (Mid 9.58)13 companies used · median multiple 14.0x · quartiles 8.1x – 18.8xBIP, CCL, DLNG, FLNG, INSW, KEX, MATX, NCLH, RCL, RUBI, TDW, TNK, VIK
- Dividend discount (DDM)4.02 – 5.40 (Mid 4.61)
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: score weight coverage: 41.7% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | 6.4% | 32 (vs peers) | 15% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | 10.7% | 89 (on a fixed band) | 20% |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | 1.4x | 0 (on a fixed band) | 15% |
| Current ratio · Balance sheet | 0.3x | 0 (on a fixed band) | 10% |
| P/E (TTM) · Valuation | 12.4x | 69 (vs peers) | 25% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | 4.7% | 66 (on a fixed band) | 15% |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet0/100 · 2/3 factors with a value
- Growth· partial89/100 · 1/2 factors with a value
- Quality· partial32/100 · 1/3 factors with a value
- Returns· partial66/100 · 1/2 factors with a value
- Valuation· partial69/100 · 1/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
KNOT Offshore Partners LP (KNOP). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 364.4 m USD in 2025; YoY growth 14.4%; net margin 6.4%.
The estimated value range is 4.78–9.12 USD per share (median of 2 methods, agreement: low); assumptions are illustrative. Against the central value of 7.09 USD, the price of 8.47 USD leaves a potential of -16.3% (value / price − 1) and a margin of safety of -19.4% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (score weight coverage: 41.7% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Revenue CAGR 3Y: 10.7%
What contradicts it
- Interest coverage: 1.4x
- Current ratio: 0.3x
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, EPS CAGR 3Y, Net debt / EBITDA, EV/EBITDA, FCF yield, Payout ratio (FCF).
Versus the vertical median
Water Transportation (SIC 4400) · same industry (4-digit SIC) · compared with 21 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| RCLRoyal Caribbean Cruises Ltd | 89.1 bn | 19.7 | 41.7% | 23.8% | +8.8% | +25% / +210% |
| CCLCarnival Corp Ltd. | 42.1 bn | 13.7 | 24.0% | 11.4% | +6.4% | +21% / +108% |
| BIPBrookfield Infrastructure Partners L.P. | 11.2 bn | 42.0 | 7.7% | 11.0% | +9.8% | +5% / +44% |
| NCLHNorwegian Cruise Line Holdings Ltd. | 8.2 bn | 9.8 | 31.2% | 8.2% | +3.7% | −4% / +16% |
| MATXMatson, Inc. | 6.4 bn | 14.3 | 17.2% | 13.4% | −2.3% | +96% / +123% |
| KEXKirby Corporation | 6.3 bn | 18.4 | 10.4% | 10.2% | +3.0% | +5% / +56% |
| INSWInternational Seaways, Inc. | 4.7 bn | 6.0 | 37.4% | 62.0% | −11.4% | +78% / +107% |
| GLNGGolar Lng Limited | 4.3 bn | 65.7 | 3.4% | 16.7% | +51.1% | +15% / +98% |
| TDWTidewater Inc | 3.4 bn | 14.0 | 19.5% | 18.3% | +0.5% | +28% / +15% |
| SEAL-PASeapeak LLC | 2.0 bn | 76.8 | — | 4.1% | −10.4% | −2% / −2% |
| FLNGFLEX LNG Ltd. | 1.4 bn | 18.8 | 9.8% | 21.5% | −2.4% | +2% / −11% |
| NATNORDIC AMERICAN TANKERS Ltd | 1.4 bn | 108.8 | 2.6% | 4.2% | −16.6% | +79% / +68% |
| GLOP-PAGasLog Partners LP | 1.2 bn | — | -1.7% | -7.2% | −21.9% | −2% / +5% |
| CMDBCostamare Bulkers Holdings Limited | 430.2 m | — | -11.2% | -6.3% | unavailable | +8% / unavailable |
| KNOPKNOT Offshore Partners LP | 288.4 m | 12.4 | — | 6.4% | +14.4% | −14% / +47% |
| EDRYEurodry Ltd. | 102.6 m | — | -4.0% | — | +8.9% | +173% / +79% |
| OMEXOdyssey Marine Exploration, Inc. | 26.0 m | — | — | -13,366.3% | −54.0% | +437% / +200% |
| USEAUnited Maritime Corp | 22.2 m | — | -11.0% | -16.4% | −16.8% | +40% / −4% |
| RUBIRubico Inc. | 682.3 k | 0.0 | 6.6% | 11.2% | −2.8% | −100% / unavailable |
| TNKTeekay Tankers Ltd. | — | 8.1 | 18.5% | 36.9% | −22.6% | +42% / +65% |
| DLNGDynagas Lng Partners LP | — | 2.2 | 12.9% | — | −100.0% | −16% / +16% |
| VIKViking Holdings Ltd | — | 33.5 | 263.5% | 17.7% | +21.9% | +29% / unavailable |
1- and 3-year price returns: for KNOP from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 5.32 Total return -37% · Per year -37% | 9.38 Total return 11% · Per year 11% | 14.09 Total return 66% · Per year 66% |
| 3 years | 5.83 Total return -31% · Per year -12% | 11.49 Total return 36% · Per year 11% | 18.86 Total return 123% · Per year 31% |
| 5 years | 6.38 Total return -25% · Per year -6% | 14.09 Total return 66% · Per year 11% | 25.25 Total return 198% · Per year 24% |
- Exit P/E± 2.87
- Net margin± 2.01
- Annual revenue growth± 1.56
- Annual dilution± 0.17
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 17 Apr 2026; since then the company filed 6-K (09 Sept 2026), 6-K (03 Sept 2026), 6-K (26 Aug 2026), 6-K (10 Jun 2026), 6-K (28 May 2026).
In brief
KNOT Offshore Partners LP owns and operates shuttle tankers that carry crude oil from offshore fields to shore, mainly in Brazil and the North Sea, under long-term charters. The company matters now because it has raised its common unit distribution to 0.05 dollars per unit after an earlier cut to 0.026 dollars, and it is reshaping its fleet while revising vessel useful lives.1
SWOT
Strengths
- Long-term contracts and hire rate guarantees from KNOT provide high visibility of medium-term revenue.
- The fleet is specialized in shuttle tanker transport, a niche with steady demand from oil company customers.
- Affiliation with KNOT provides access to personnel, operations and vessel acquisition opportunities.
Weaknesses
- Revenue depends on a small number of customers, so losing one major contract would be significant.
- Debt and preferred unit obligations limit financial flexibility and distributions to common unitholders.
- Conflicts of interest with KNOT and limited fiduciary duties may weigh on investor confidence.
Opportunities
- Acquiring vessels from KNOT that operate under long contracts could expand the fleet and revenue.
- Expanding relationships with existing customers and winning new ones could support growth.
- Refinancing debt at lower funding costs could increase cash flow available for distribution.
Threats
- An oversupply of shuttle tankers without matching demand could reduce hire rates and vessel values.
- Low oil prices could reduce customer investment and growth prospects.
- Environmental regulation and climate-related rules could raise compliance costs.
Risks
- Insufficient cash for distributionshigh
The company may not have enough cash from operations after reserves and expenses, which could limit distributions to common unitholders.1
- Customer concentrationhigh
Revenue comes from a small number of customers, and losing an important contract could significantly affect results.1
- Debt and contractual restrictionsmedium
Credit facilities carry operating and financial restrictions, and refinancing maturities could limit the company's options.1
- Fleet capital expendituremedium
Maintaining fleet capacity and periodic drydocking could cost more than expected, reducing cash available to unitholders.1
- Conflicts of interest with affiliatesmedium
KNOT and its affiliates hold a substantial interest and have limited duties to the partnership, and fees paid to them are payable regardless of profitability.1
Investment thesis
What would need to be true (bull case)
- Long-term contracts, hire rate guarantees from KNOT and charter renewals could provide good visibility on revenue, and the increase of the distribution to 0.05 dollars per unit may reflect greater confidence in cash flow.1
- If demand for shuttle transport holds and hire rates remain stable, the company could generate cash flow sufficient to support distributions and debt reduction.1
- Asset sales and refinancings completed in 2025 could ease debt pressure and free capital for accretive acquisitions.1
What would break the thesis
- Dependence on a small number of customers and the expiry of some contracts could reduce revenue if renewals are not achieved at comparable rates.1
- Low oil prices and an oversupply of shuttle tankers could reduce hire rates and asset values, leading to further impairments.1
- Debt, preferred unit obligations and conflicts of interest with KNOT could limit distributions and strategic flexibility.1
What to watch
- The level of common unit distributions and whether the 0.05 dollar per unit rate is maintainedQ2 2026
- The repair outcome for the Tordis Knutsen and recovery from insuranceQ2 2026
- The effect of the revised 20-year useful life on depreciation chargesQ1 2027
- Refinancing of the Live Loan Facility before its October 2026 maturity2026
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 17 Apr 2026; since then the company filed 6-K (09 Sept 2026), 6-K (03 Sept 2026), 6-K (26 Aug 2026), 6-K (10 Jun 2026), 6-K (28 May 2026).
The business
KNOT Offshore Partners LP was formed in February 2013 as a limited partnership under the laws of the Marshall Islands to own and operate shuttle tankers under long-term charters. Its initial fleet was contributed by KNOT, an independent owner and operator of shuttle tankers, and the current fleet consists of nineteen shuttle tankers.1 The company derives its time charter and bareboat revenues from thirteen customers, so revenue depends on a small group of major clients.1 Under the Omnibus Agreement, the partnership has the right to buy from KNOT any shuttle tanker operating under a charter of five or more years.1
The financing structure combines secured vessel debt, revolving credit facilities and Series A Preferred Units, which rank ahead of common units for distributions.1 Common unit distributions are paid only after Series A distributions are declared in full, and the distribution policy absorbs cash left after reserves and capital expenditures.1 Fleet renewal is central, since vessels must be drydocked periodically and maintenance costs can vary significantly from quarter to quarter.1
In 2025 and early 2026 the company transacted with KNOT, including the acquisition of the Live Knutsen and Daqing Knutsen, the sale of the Dan Sabia, and a sale and leaseback of the Tove Knutsen at a gross sale price of 100 million dollars.1 In the fourth quarter of 2025 an impairment of 20.3 million dollars was recognized for the Bodil Knutsen.1 Following the extension of estimated vessel useful life from 23 to 20 years, non-cash depreciation charges will increase from the first quarter of 2026.1
Segments
Charters in the North Sea and other regions
The fleet includes vessels chartered to companies such as Equinor, Shell, Repsol Sinopec and TotalEnergies, and optional charter extensions were used in 2025 and 2026.1 Bareboat charters, as with the Vigdis Knutsen, shift part of operational responsibility to the customer.1
Market context
The shuttle tanker market depends on demand for transporting crude oil from offshore fields, on oil prices and on the number of available vessels.1 The company warns that an increase in shuttle tanker supply without a commensurate rise in demand could reduce hire rates and vessel values.1 Low oil prices are presented as a risk to growth prospects.1
Macroeconomic conditions, including inflation, interest rates and market volatility, can affect both operating costs and customers' ability to pay for services.1 The company is also exposed to currency exchange rate fluctuations and to environmental regulation applying to oil transportation.1
Trends
- Charter renewals and extensionstailwind
Several contracts were extended or converted to bareboat charters in 2025 and early 2026, which provides visibility on medium-term revenue.1
- Hire rate guarantees from KNOTtailwind
The hire rate guarantees given by KNOT for the Live Knutsen and Daqing Knutsen could support revenue if the vessels are not employed at equivalent rates.1
- Revised vessel useful lifeheadwind
The change of estimated useful life from 23 to 20 years could increase accounting depreciation from 2026, affecting reported profit.1
- Maintenance and drydocking costsmixed
Drydocking and unplanned repairs, such as the generator breakdown on the Tordis Knutsen, can reduce cash available for distribution, although insurance covers part of the losses.1
Competitive position
The company competes with other shuttle tanker operators for contracts with oil companies, and KNOT and its affiliates may compete with the partnership, creating conflicts of interest.1 Competitive pressure affects its ability to attract new customers and to expand relationships with existing ones.1
The reviewed sources do not name specific competitors or state the company's market share, so conclusions about competitive position should be treated with caution.1
- KNOT Shuttle Tankers and KNOT affiliates
The affiliated operator that supplies the fleet, may compete directly with the partnership and manages vessels outside it.1
- Other shuttle tanker operators
Companies offering shuttle transport services to the same oil company customers, whose presence influences hire rates.1
- Conventional oil tanker operators
The company notes that adverse developments in the conventional tanker market could affect results, without naming specific operators.1
- Equity and lease finance providers
Banks and leasing companies, including the lessor of the Tove Knutsen, compete indirectly for fleet financing.1
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- KNOT Offshore Partners LP Q2 2026 Earnings Call SummaryYahoo Finance — News · 04 Sept 2026 · EN
The latest news item in our archive is from 04 Sept 2026; the newest SEC filing is from 09 Sept 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.
SEC filings
- Current report (foreign issuer)09 Sept 2026
- Current report (foreign issuer)03 Sept 2026
- Current report (foreign issuer)26 Aug 2026
- Current report (foreign issuer)10 Jun 2026
- Current report (foreign issuer)28 May 2026
- Annual report (foreign issuer)17 Apr 2026
- Current report (foreign issuer)25 Mar 2026
- Current report (foreign issuer)19 Mar 2026
- Current report (foreign issuer)05 Jan 2026
- Current report (foreign issuer)22 Dec 2025
Sources
- [1] Form 20-F, fiscal year ended 2025-12-31 · SEC / KNOT Offshore Partners LP · 17 Apr 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.