KNOT Offshore Partners LP (KNOP)

KNOT Offshore Partners LP Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	317.92	310.54	285.93	267.49	269.31	278.58
Other Revenue	2.1	2.09	1.94	0.34	0.37	0.64
Revenue	320.03	312.63	287.88	267.83	269.68	279.22
Revenue Growth (YoY)	8.76%	8.60%	7.49%	-0.69%	-3.42%	-1.18%
Cost of Revenue	115.95	112.12	98.89	88.85	72.11	61.01
Gross Profit	204.08	200.51	188.99	178.98	197.57	218.22
Selling, General & Admin	6.23	6.07	6.14	6.1	6.46	5.39
Operating Expenses	119.06	117.88	117.04	113.52	106.02	95.14
Operating Income	85.01	82.63	71.95	65.46	91.55	123.08
Interest Expense	-64.34	-60.55	-66.62	-6.59	-58.63	-56.97
Interest & Investment Income	3.56	3.64	3.47	0.82	0	0.13
Currency Exchange Gain (Loss)	-0.34	-0.94	-0.24	0.22	-0.1	0.06
Other Non Operating Income (Expenses)	-0.24	-0.36	-0.67	-1.13	39.51	-1.06
EBT Excluding Unusual Items	23.65	24.41	7.89	58.78	72.34	65.24
Gain (Loss) on Sale of Assets	2.05	0.7	-	-	-	-
Asset Writedown	-16.38	-16.38	-49.65	-	-29.42	-
Pretax Income	15.28	14.7	-38.92	59.54	54.36	65.24
Income Tax Expense	1.07	0.63	-4.6	0.88	0.49	0.01
Net Income	14.21	14.07	-34.33	58.67	53.88	65.23
Preferred Dividends & Other Adjustments	6.8	6.8	6.8	6.8	6.9	7.2
Net Income to Common	7.41	7.27	-41.13	51.87	46.98	58.03
Net Income Growth	-	-	-	8.89%	-17.40%	10.63%
Shares Outstanding (Basic)	35	35	35	35	34	33
Shares Outstanding (Diluted)	39	39	39	39	38	33
Shares Change (YoY)	12.46%	-0.08%	0.89%	2.89%	13.73%	-
EPS (Basic)	0.21	0.21	-1.18	1.48	1.39	1.74
EPS (Diluted)	0.19	0.18	-1.18	1.33	1.24	1.74
EPS Growth	-	-	-	7.32%	-28.82%	12.11%
Free Cash Flow	145.28	136.2	128.86	97.63	154.88	168.9
Free Cash Flow Per Share	3.70	3.47	3.28	2.50	4.09	5.07
Dividend Per Share	0.104	0.104	0.104	1.586	2.080	2.080
Dividend Growth	-	-	-93.44%	-23.75%	-	-
Gross Margin	63.77%	64.14%	65.65%	66.83%	73.26%	78.15%
Operating Margin	26.56%	26.43%	24.99%	24.44%	33.95%	44.08%
Profit Margin	2.31%	2.32%	-14.29%	19.37%	17.42%	20.78%
Free Cash Flow Margin	45.40%	43.57%	44.76%	36.45%	57.43%	60.49%
EBITDA	182.09	179.54	170.96	171.44	190.19	211.91
EBITDA Margin	56.90%	57.43%	59.39%	64.01%	70.53%	75.89%
D&A For EBITDA	97.08	96.92	99.02	105.98	98.65	88.83
EBIT	85.01	82.63	71.95	65.46	91.55	123.08
EBIT Margin	26.56%	26.43%	24.99%	24.44%	33.95%	44.08%
Effective Tax Rate	7.00%	4.29%	-	1.47%	0.90%	0.01%
Revenue as Reported	326	318.6	290.72	268.59	281.13	279.22

Updated Mar 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q