NYSE$KNOP
Knot Offshore Partners Lp · Q3 2025 earnings
Q3 2025 earnings · · After market close · Investor relations
Briefing
Knot Offshore Partners reported solid results in Q3 2025, with higher revenues, strong fleet utilization, and a notable increase in net income.
Knot Offshore Partners delivered strong operational results in Q3 2025, marked by higher revenue and net income. The fleet maintained nearly full utilization, and the company recorded significant adjusted EBITDA and liquidity, supported by the addition of a new vessel and stable charter operations.
- Revenue rose to $96.9 million driven by the addition of the Daqing Knutsen vessel.
- Net income improved significantly to $15.1 million from a loss in Q3 2024.
- Adjusted EBITDA reached $61.6 million for the quarter.
- Fleet utilization remained high at 99.87% for scheduled operations.
Headline financials
Revenue & EPS history
Knot Offshore Partners · Revenue · Quarterly
$96.9M
Forward guidance
The company expects continued strength in charter coverage and growing demand in Brazil and the North Sea, supported by new offshore oil production and limited vessel supply.
Tailwinds
- 100% charter coverage secured for Q4 2025 after drydock adjustments.
- Approximately 93% charter coverage already secured for 2026.
- Brazil shuttle tanker market tightening due to outpacing production growth.
- North Sea seeing improving demand with new fields entering production.
- Anticipated vessel supply tightness through 2028 due to yard constraints.
Headwinds
- Exposure to fluctuations in floating interest rates.
- Limited ability to add vessels without sufficient long-term charter visibility.
- Some vessels undergoing scheduled drydockings affecting utilization.
- Continued inflationary pressures on operating expenses and drydocking costs.
- Dependence on Petrobras and other key charterers for future utilization.
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 Q3 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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