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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	330.06	310.54	285.93	267.49	269.31	278.58
Other Revenue	2.08	2.09	1.94	0.34	0.37	0.64
Revenue	332.14	312.63	287.88	267.83	269.68	279.22
Revenue Growth (YoY)	12.14%	8.60%	7.49%	-0.69%	-3.42%	-1.18%
Cost of Revenue	122.36	112.12	98.89	88.85	72.11	61.01
Gross Profit	209.77	200.51	188.99	178.98	197.57	218.22
Selling, General & Admin	6.36	6.07	6.14	6.1	6.46	5.39
Operating Expenses	120.82	117.88	117.04	113.52	106.02	95.14
Operating Income	88.96	82.63	71.95	65.46	91.55	123.08
Interest Expense	-64.96	-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)	-0.64	-0.94	-0.24	0.22	-0.1	0.06
Other Non Operating Income (Expenses)	-0.62	-0.36	-0.67	-1.13	39.51	-1.06
EBT Excluding Unusual Items	26.31	24.41	7.89	58.78	72.34	65.24
Gain (Loss) on Sale of Assets	2.05	0.7	-	-	-	-
Asset Writedown	-	-16.38	-49.65	-	-29.42	-
Pretax Income	34.85	14.7	-38.92	59.54	54.36	65.24
Income Tax Expense	0.98	0.63	-4.6	0.88	0.49	0.01
Net Income	33.87	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	27.07	7.27	-41.13	51.87	46.98	58.03
Net Income Growth	1640.44%	-	-	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)	12.18%	-0.08%	0.89%	2.89%	13.73%	-
EPS (Basic)	0.77	0.21	-1.18	1.48	1.39	1.74
EPS (Diluted)	0.69	0.18	-1.18	1.33	1.24	1.74
EPS Growth	-	-	-	7.32%	-28.82%	12.11%
Free Cash Flow	143.47	136.2	128.86	97.63	154.88	168.9
Free Cash Flow Per Share	3.66	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	63.16%	64.14%	65.65%	66.83%	73.26%	78.15%
Operating Margin	26.78%	26.43%	24.99%	24.44%	33.95%	44.08%
Profit Margin	8.15%	2.32%	-14.29%	19.37%	17.42%	20.78%
Free Cash Flow Margin	43.20%	43.57%	44.76%	36.45%	57.43%	60.49%
EBITDA	179.02	179.54	170.96	171.44	190.19	211.91
EBITDA Margin	53.90%	57.43%	59.39%	64.01%	70.53%	75.89%
D&A For EBITDA	90.07	96.92	99.02	105.98	98.65	88.83
EBIT	88.96	82.63	71.95	65.46	91.55	123.08
EBIT Margin	26.78%	26.43%	24.99%	24.44%	33.95%	44.08%
Effective Tax Rate	2.81%	4.29%	-	1.47%	0.90%	0.01%
Revenue as Reported	338.64	318.6	290.72	268.59	281.13	279.22

Updated Sep 25, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q