KNOT Offshore Partners (KNOP)
Operates purpose-built shuttle tankers on fixed-rate charters for offshore oil producers.
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Owns and operates purpose-built shuttle tankers that move crude from offshore facilities to shore. Revenue comes from long-term, fixed-rate charters, with operations centered on Brazil and the North Sea.
Moves crude from offshore installations to shore-side facilities, storage, or onward conventional transport using DP2 shuttle tankers. The vessels are generally purpose-built for an initial customer charter, making the business closer to a floating-pipeline service than spot tanker shipping.
Most activity is in Brazil, alongside North Sea operations. Long-term charters are fixed-rate and customers ordinarily pay fuel, which separates revenue from oil volumes carried and fuel prices.
Operations depend on charter renewals, vessel availability, drydock execution, and KNOT's sponsor relationship. The public partnership owns the fleet and trades common units on the NYSE.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Dec 8, 2025 | Alliance Global Partners | Downgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $95.3M · Total debt $903.2M · Total assets $1.64B · Shareholders' equity $611.4M
- Revenue
- $96.8M
- Operating income
- $15.6M
- Net income
- $3.4M
HistoryDividendAnnual yield
| Institutions | 25.73% | 8.66M ADS | |
|---|---|---|---|
| 44 holders · as of Jun 30, 2026 | |||
| Insiders | 28.70% | 9.66M ADS | |
| 1 holder · as of Mar 31, 2026 | |||
| Strategic holders | 10.96% | 3.69M ADS | |
| 2 holders · as of Jan 20, 2022 | |||
| Other | 34.61% | 11.65M ADS | |
| remainder | |||
33.66M ADS as of Sep 7, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
The share count is from the company's Dec 2024 annual report; nothing newer is on file here.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Trygve SeglemInsiderdirector, 10 percent owner | 28.70% | 9.66M ordinary | filed Mar 31, 2026 |
OMP AY Preferred LimitedStrategic | 6.93% | 2.33M | filed Jan 20, 2022 |
Invesco Ltd.Institution | 5.28% | 1.78M ADS | as of Jun 30, 2026 |
683 Capital Management, LLCInstitution | 4.47% | 1.51M ADS | as of Jun 30, 2026 |
Investment Strategies, LLC, "Goldman Sachs Asset Management")Institution | 4.32% | 1.46M | filed Feb 5, 2018 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 15, 2026 | Trygve Seglem | director | +1,250,000 | $20.00 |
- Tsakos Energy Navigation
DP2 shuttle-tanker capacity and Transpetro-linked Brazil expansion
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| KNOT Offshore Partners | $10.94 | 0.00% | $368.2M | 25.6 | 24.3 | 1.0 | +11.2% |
| Tsakos Energy Navigation | $47.02 | −2.59% | $1.45B | 4.9 | 5.7 | 1.5 | +27.4% |
| Median | 4.9 | 5.7 | 1.5 | +27.4% |