(KNOP) KNOT Offshore Partners - Overview
Stock: Shuttle Tankers
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 1.30% |
| Yield on Cost 5y | 0.82% |
| Yield CAGR 5y | -52.71% |
| Payout Consistency | 90.3% |
| Payout Ratio | 12.1% |
| Risk 5d forecast | |
|---|---|
| Volatility | 36.0% |
| Relative Tail Risk | -21.3% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.69 |
| Alpha | 79.16 |
| Character TTM | |
|---|---|
| Beta | 0.526 |
| Beta Downside | 1.172 |
| Drawdowns 3y | |
|---|---|
| Max DD | 38.64% |
| CAGR/Max DD | 0.55 |
Description: KNOP KNOT Offshore Partners January 01, 2026
KNOT Offshore Partners LP (NYSE:KNOP) is a specialist shuttle-tanker operator that acquires, owns, and runs vessels under long-term time and bareboat charters in the North Sea and Brazil. Founded in 2013 and based in Aberdeen, the firm focuses on the loading, transport, and discharge of crude oil, primarily serving offshore production platforms.
Key operational metrics (2023) show an average daily charter rate of roughly $45,000 per vessel and a fleet utilization rate exceeding 95%, translating to an EBITDA margin near 30% after fuel hedging. The company’s cash-flow generation is tightly linked to two macro drivers: (1) global crude-oil demand, which sustains shuttle-tanker volumes, and (2) regional regulatory frameworks that affect offshore drilling activity in the North Sea and Brazil.
Sector-level trends such as the resurgence of North Sea production and Brazil’s pre-sale contracts for deep-water oil are expected to keep charter demand robust, while volatile oil prices and tightening environmental standards remain material risks. For a deeper dive into KNOP’s valuation assumptions and scenario analysis, you might find ValueRay’s data platform a useful next step.
Piotroski VR‑10 (Strict, 0-10) 5.0
| Net Income: 52.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA 1.03 > 1.0 |
| NWC/Revenue: -73.95% < 20% (prev -39.30%; Δ -34.65% < -1%) |
| CFO/TA 0.09 > 3% & CFO 155.5m > Net Income 52.8m |
| Net Debt (906.4m) to EBITDA (227.0m): 3.99 < 3 |
| Current Ratio: 0.28 > 1.5 & < 3 |
| Outstanding Shares: last quarter (34.2m) vs 12m ago 0.31% < -2% |
| Gross Margin: 40.31% > 18% (prev 0.26%; Δ 4005 % > 0.5%) |
| Asset Turnover: 21.66% > 50% (prev 18.84%; Δ 2.82% > 0%) |
| Interest Coverage Ratio: 1.79 > 6 (EBITDA TTM 227.0m / Interest Expense TTM 63.5m) |
Beneish M -2.65
| DSRI: 1.60 (Receivables 3.65m/1.91m, Revenue 359.2m/300.4m) |
| GMI: 0.65 (GM 40.31% / 26.01%) |
| AQI: 1.21 (AQ_t 0.01 / AQ_t-1 0.01) |
| SGI: 1.20 (Revenue 359.2m / 300.4m) |
| TATA: -0.06 (NI 52.8m - CFO 155.5m) / TA 1.72b) |
| Beneish M-Score: -2.65 (Cap -4..+1) = A |
What is the price of KNOP shares?
Over the past week, the price has changed by -2.62%, over one month by +0.73%, over three months by +5.42% and over the past year by +91.39%.
Is KNOP a buy, sell or hold?
- StrongBuy: 3
- Buy: 0
- Hold: 0
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the KNOP price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 10 | -3.8% |
| Analysts Target Price | 10 | -3.8% |
| ValueRay Target Price | 11.8 | 13.7% |
KNOP Fundamental Data Overview February 03, 2026
P/E Forward = 4.8054
P/S = 1.0569
P/B = 0.5878
P/EG = 10.45
Revenue TTM = 359.2m USD
EBIT TTM = 113.4m USD
EBITDA TTM = 227.0m USD
Long Term Debt = 657.5m USD (from longTermDebt, last quarter)
Short Term Debt = 325.2m USD (from shortTermDebt, last quarter)
Debt = 983.6m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 906.4m USD (from netDebt column, last quarter)
Enterprise Value = 1.28b USD (372.8m + Debt 983.6m - CCE 77.2m)
Interest Coverage Ratio = 1.79 (Ebit TTM 113.4m / Interest Expense TTM 63.5m)
EV/FCF = 8.24x (Enterprise Value 1.28b / FCF TTM 155.3m)
FCF Yield = 12.14% (FCF TTM 155.3m / Enterprise Value 1.28b)
FCF Margin = 43.22% (FCF TTM 155.3m / Revenue TTM 359.2m)
Net Margin = 14.69% (Net Income TTM 52.8m / Revenue TTM 359.2m)
Gross Margin = 40.31% ((Revenue TTM 359.2m - Cost of Revenue TTM 214.4m) / Revenue TTM)
Gross Margin QoQ = 33.24% (prev 27.27%)
Tobins Q-Ratio = 0.74 (Enterprise Value 1.28b / Total Assets 1.72b)
Interest Expense / Debt = 1.69% (Interest Expense 16.6m / Debt 983.6m)
Taxrate = 0.26% (39.0k / 15.2m)
NOPAT = 113.1m (EBIT 113.4m * (1 - 0.26%))
Current Ratio = 0.28 (Total Current Assets 102.1m / Total Current Liabilities 367.7m)
Debt / Equity = 1.58 (Debt 983.6m / totalStockholderEquity, last quarter 621.4m)
Debt / EBITDA = 3.99 (Net Debt 906.4m / EBITDA 227.0m)
Debt / FCF = 5.84 (Net Debt 906.4m / FCF TTM 155.3m)
Total Stockholder Equity = 614.9m (last 4 quarters mean from totalStockholderEquity)
RoA = 3.18% (Net Income 52.8m / Total Assets 1.72b)
RoE = 8.58% (Net Income TTM 52.8m / Total Stockholder Equity 614.9m)
RoCE = 8.91% (EBIT 113.4m / Capital Employed (Equity 614.9m + L.T.Debt 657.5m))
RoIC = 7.27% (NOPAT 113.1m / Invested Capital 1.56b)
WACC = 3.38% (E(372.8m)/V(1.36b) * Re(7.85%) + D(983.6m)/V(1.36b) * Rd(1.69%) * (1-Tc(0.00)))
Discount Rate = 7.85% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 33.33 | Cagr: 0.16%
[DCF Debug] Terminal Value 87.07% ; FCFF base≈144.0m ; Y1≈155.6m ; Y5≈192.1m
Fair Price DCF = 140.3 (EV 5.68b - Net Debt 906.4m = Equity 4.78b / Shares 34.0m; r=5.90% [WACC]; 5y FCF grow 9.04% → 2.90% )
EPS Correlation: -25.49 | EPS CAGR: -25.09% | SUE: -0.98 | # QB: 0
Revenue Correlation: 88.46 | Revenue CAGR: 8.18% | SUE: 2.73 | # QB: 6
EPS next Quarter (2026-03-31): EPS=0.25 | Chg30d=+0.090 | Revisions Net=+0 | Analysts=1
EPS next Year (2026-12-31): EPS=1.26 | Chg30d=+0.315 | Revisions Net=-1 | Growth EPS=+19.3% | Growth Revenue=+0.5%