KNOT Offshore Partners LP (KNOP) financial statements
KNOT Offshore Partners LP reported revenue of $364M in fiscal 2025, up 8.6% a year over 9 years.
Net income was $23M and the operating margin 23.2%, against 47.5% in 2016.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from KNOT Offshore Partners LP's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $173M | $213M | $278M | $283M | $279M | $269M | $269M | $291M | $319M | $364M |
| Selling, general and admin | $4M | $6M | $5M | $5M | $5M | $6M | $6M | $6M | $6M | $7M |
| Operating income | $82M | $95M | $129M | $128M | $123M | $74M | $66M | $25M | $73M | $85M |
| Interest expense | $21M | $31M | $50M | $51M | $32M | $28M | $43M | $72M | $67M | $62M |
| Pre-tax income | $61M | $68M | $82M | $59M | $65M | $54M | $60M | -$39M | $15M | $24M |
| Income tax | -$15,000 | -$16,000 | -$2,000 | $9,000 | $10,000 | $488,000 | $875,000 | -$5M | $631,000 | $1M |
| Net income | $61M | $68M | $82M | $59M | $65M | $54M | $59M | -$34M | $14M | $23M |
| Operating margin | 47.5% | 44.9% | 46.3% | 45.2% | 44.2% | 27.3% | 24.7% | 8.6% | 22.9% | 23.2% |
| Net margin | 35.3% | 32.0% | 29.5% | 20.9% | 23.4% | 20.0% | 21.8% | -11.8% | 4.4% | 6.4% |
Balance sheet
Fiscal years, from KNOT Offshore Partners LP's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $28M | $46M | $42M | $44M | $53M | $62M | $48M | $64M | $67M | $89M |
| Receivables | $0 | $0 | — | — | — | — | $8M | $5M | $6M | $4M |
| Inventory | $1M | $2M | $2M | $2M | $3M | $3M | $6M | $4M | $3M | $4M |
| Total current assets | $31M | $56M | $52M | $53M | $66M | $74M | $86M | $90M | $95M | $111M |
| Property, plant and equipment | $1.3B | $1.7B | $1.8B | $1.7B | $1.7B | $1.6B | $1.6B | $1.5B | $1.5B | $1.6B |
| Goodwill | $0 | $0 | — | — | — | — | — | — | — | — |
| Total assets | $1.3B | $1.8B | $1.8B | $1.7B | $1.8B | $1.7B | $1.7B | $1.6B | $1.6B | $1.7B |
| Total current liabilities | $78M | $123M | $128M | $104M | $214M | $116M | $390M | $128M | $287M | $427M |
| Long-term debt | $658M | $934M | $970M | $912M | $846M | $879M | $687M | $858M | $648M | $574M |
| Total liabilities | $771M | $1.1B | $1.1B | $1.0B | $1.1B | $1.0B | $1.1B | $989M | $961M | $1.1B |
| Net debt | $689M | $981M | $1.0B | $952M | $978M | $905M | $1.0B | $893M | $838M | $866M |
Cash flow
Fiscal years, from KNOT Offshore Partners LP's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $108M | $155M | $149M | $166M | $169M | $166M | $101M | $132M | $137M | $156M |
| Dividends paid | $60M | $69M | — | — | — | — | — | — | — | — |
| Share buybacks (net) | — | — | — | — | — | — | — | — | — | -$3M |
| Net borrowing | -$31M | -$86M | -$30M | — | $33M | $444M | $167M | $250M | $60M | $117M |
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What was KNOT Offshore Partners LP's revenue in 2025?
$364M in fiscal 2025, from its 10-K filing.
From KNOT Offshore Partners LP's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.