NYSE$KNOP
Knot Offshore Partners Lp · Q1 2025 earnings
Q1 2025 earnings · · After market close · Investor relations
Briefing
KNOT Offshore Partners reported stable financial results in Q1 2025, supported by high fleet utilization and consistent revenue generation.
KNOT Offshore Partners delivered solid operational performance in Q1 2025 with high vessel utilization and consistent earnings, despite a decline in operating income from the previous quarter.
- Generated $84 million in total revenue for Q1 2025.
- Achieved 96.9% fleet utilization, with 99.5% when adjusted for scheduled drydockings.
- Reported $52.2 million in adjusted EBITDA and $7.6 million in net income.
- Ended the quarter with $100.8 million in available liquidity.
Headline financials
Revenue & EPS history
Knot Offshore Partners · Revenue · Quarterly
$84M
Forward guidance
The company remains optimistic about long-term shuttle tanker demand, particularly in Brazil, and plans to pursue dropdown acquisitions and increased charter coverage.
Tailwinds
- Secured 96% of charter coverage for the remainder of 2025
- Brazilian shuttle tanker market showing tightening conditions and strong demand
- Growing FPSO activity expected to sustain high shuttle tanker utilization
- Opportunities for accretive dropdown transactions to boost long-term cash flow
- Continued focus on long-term employment with high-quality counterparties
Headwinds
- North Sea market remains subdued due to lingering project delays
- High vessel operating expenses driven by maintenance and EU ETS costs
- Exposure to floating interest rate fluctuations remains significant
- Decline in operating income versus previous quarter
- Market value volatility from non-hedged derivative instruments
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2025
+0.3%
Avg return
Earnings day
-1.1%
Avg return
5 days after
-1.2%
Avg return
30 days after
53%
26 / 49 earnings
Positive
+12.7%
Q4 2015
Best reaction
-18.1%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.9% | -5.7% | — | |
| Q3 2025 | +5.6% | +5.0% | +1.7% | |
| Q1 2025 | -4.0% | -8.3% | -3.3% | |
| Q3 2024 | -2.5% | -3.2% | +5.4% | |
| Q1 2024 | +0.0% | -0.2% | -16.4% | |
| Q4 2023 | +2.8% | -5.9% | -10.5% | |
| Q3 2023 | +11.2% | +10.9% | +12.5% | |
| Q2 2023 | +6.2% | +5.8% | +36.1% | |
| Q1 2023 | -3.4% | +8.5% | +3.8% | |
| Q4 2022 | +1.8% | -8.7% | -18.0% | |
| Q3 2022 | -18.1% | -26.2% | -34.3% | |
| Q2 2022 | -4.7% | -5.7% | -15.1% | |
| Q1 2022 | -3.5% | +2.2% | +3.7% | |
| Q4 2021 | -0.1% | -7.3% | +12.2% | |
| Q3 2021 | -7.4% | -6.7% | -28.2% | |
| Q2 2021 | -2.7% | -2.2% | +0.2% | |
| Q1 2021 | -2.0% | -0.7% | +0.0% | |
| Q4 2020 | +2.4% | +7.0% | +4.1% | |
| Q3 2020 | +5.8% | +11.3% | +12.1% | |
| Q2 2020 | -3.8% | -5.1% | -4.8% | |
| Q1 2020 | -2.0% | -2.1% | -10.9% | |
| Q4 2019 | -13.4% | -16.6% | -9.0% | |
| Q3 2019 | +1.6% | +3.4% | +5.8% | |
| Q2 2019 | +0.1% | +0.0% | +1.8% | |
| Q1 2019 | -0.8% | -1.2% | -3.2% | |
| Q4 2018 | +3.1% | +6.6% | +10.4% | |
| Q3 2018 | -0.1% | +0.0% | -12.1% | |
| Q2 2018 | -0.2% | +0.2% | -0.2% | |
| Q1 2018 | +2.2% | +2.6% | +7.4% | |
| Q4 2017 | -1.9% | -3.1% | -4.1% | |
| Q3 2017 | +1.1% | -8.5% | -12.8% | |
| Q2 2017 | +0.2% | +0.0% | +0.9% | |
| Q1 2017 | +0.2% | +0.7% | +2.9% | |
| Q4 2016 | +3.0% | +1.6% | +0.7% | |
| Q3 2016 | +3.2% | +8.2% | +17.6% | |
| Q2 2016 | +3.8% | +3.5% | +1.6% | |
| Q1 2016 | +0.1% | — | — | |
| Q4 2015 | +12.7% | — | — | |
| Q3 2015 | -0.7% | — | — | |
| Q2 2015 | +10.0% | — | — | |
| Q1 2015 | +5.8% | — | — | |
| Q4 2014 | +1.8% | — | — | |
| Q3 2014 | +3.4% | — | — | |
| Q1 2014 | -1.8% | — | — | |
| Q2 2014 | -1.8% | — | — | |
| Q4 2013 | +3.1% | — | — | |
| Q3 2013 | -0.4% | — | — | |
| Q1 2013 | +0.3% | — | — | |
| Q2 2013 | +0.3% | — | — | |
| Q4 2012 | — | — | — | |
| Q3 2012 | — | — | — | |
| Q2 2012 | — | — | — |
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