KNOT Offshore Partners LP Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	364.44	318.6	290.72	268.59	281.13
Revenue Growth (YoY)	14.39%	9.59%	8.24%	-4.46%	0.68%
Cost of Revenue	133.78	112.12	98.89	88.85	72.11
Gross Profit	230.67	206.48	191.83	179.74	209.02
Selling, General & Admin	7.4	6.07	6.14	6.1	6.46
Depreciation & Amortization Expenses	119.7	111.82	110.9	107.42	99.56
Other Operating Expenses	18.92	15.68	49.65	-	29.42
Total Operating Expenses	146.02	133.57	166.69	113.52	135.44
Operating Income	84.65	72.92	25.14	66.22	73.57
Interest Income	3.57	3.64	3.47	0.82	0
Interest Expense	-62.03	-67.35	-72.07	-42.6	-28.07
Other Non-Operating Income (Expense)	-1.77	5.5	4.54	35.1	8.85
Total Non-Operating Income (Expense)	-60.23	-58.22	-64.06	-6.68	-19.21
Pretax Income	24.42	14.7	-38.92	59.54	54.36
Provision for Income Taxes	1.16	0.63	-4.6	0.88	0.49
Net Income	23.26	7.13	-40.37	50.92	46.11
Minority Interest in Earnings	-	0.13	-0.76	0.95	0.86
Net Income Attributable to Preferred Dividends	-	6.8	6.8	6.8	6.9
Net Income to Common	23.26	7.13	-40.37	50.92	46.11
Net Income Growth	226.17%	-	-	10.41%	-19.03%
Shares Outstanding (Basic)	34	34	34	34	33
Shares Outstanding (Diluted)	34	38	38	38	37
Shares Change (YoY)	-11.67%	-0.08%	1.35%	2.31%	13.37%
EPS (Basic)	0.69	0.21	-1.19	1.48	1.38
EPS (Diluted)	0.69	0.21	-1.19	1.48	1.38
EPS Growth	226.54%	-	-	7.25%	-20.69%
Shares Outstanding	34.94	34.94	34.94	34.94	34.94
Free Cash Flow	155.46	136.2	128.86	97.63	154.88
Free Cash Flow Growth	14.14%	5.69%	31.99%	-36.96%	-8.30%
Free Cash Flow Per Share	4.58	3.55	3.35	2.57	4.18
Dividends Per Share	0.104	0.104	0.104	1.586	2.080
Dividend Growth	-	-	-93.44%	-23.75%	-
Gross Margin	63.29%	64.81%	65.98%	66.92%	74.35%
Operating Margin	23.23%	22.89%	8.65%	24.66%	26.17%
Profit Margin	6.38%	4.41%	-11.81%	21.84%	19.16%
FCF Margin	42.66%	42.75%	44.33%	36.35%	55.09%
EBITDA	204.35	184.73	136.04	173.64	173.13
EBITDA Margin	56.07%	57.98%	46.79%	64.65%	61.58%
EBIT	84.65	72.92	25.14	66.22	73.57
EBIT Margin	23.23%	22.89%	8.65%	24.66%	26.17%
Effective Tax Rate	4.76%	4.29%	11.81%	1.47%	0.90%

Updated Mar 25, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q