Company Analysis

Knot Offshore Partners Lp (KNOP)

NYSE: KNOP · Water Transportation · Aberdeen · filing with the SEC since 2012
Grade5.9
◀ Past 6.5● Present 4.6▶ Future 7.0
3 est.

The grade of Knot Offshore Partners Lp

Nine metrics read from its own filings, by tense
Headline grade
5.9/10
◀ Past6.530% of the headline
● Present4.640% of the headline
▶ Future7.030% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 6 read as filed from the record and 3 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

6.5/1030% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
7.4/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 33% of this tense · 74th percentile among 19 sector filers · read for itself

From the record

Knot Offshore Partners Lp's filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
7.3/10

What has it actually done, year after year?

+8.6% a year over 10 filed years; profitable in 9 of 10.

weight 45% of this tense · 73rd percentile among 19 sector filers · read for its customers

From the record

Knot Offshore Partners Lp's 10 filed years say what it did: revenue went from $174 million in fiscal 2016 to $364 million in fiscal 2025, up 8.6% a year; it rose in 7 of 9 years; the deepest fall was 5% from fiscal 2019 to fiscal 2022; net income was positive in 9 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span8.6%bottom 44% of its family
  • the share of years revenue rosetop 17% of its family
  • the share of filed years with a profittop 18% of its family
  • the deepest fall from a revenue peak4.9%top 18% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
3.8/10

How has it treated the people who own it?

SI estimate 3.8/10, confidence 35 of 100 (one part).

weight 22% of this tense · 38th percentile among 19 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the cash returned against operating cash flow, which ranks in the bottom 38% of 19 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: cash returned against operating cash flow, the one part on file, ranked among 19 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Knot Offshore Partners Lp's shareholder treatment is put at 3.8 of 10 with a confidence of 35 of 100, because read from one part only, the cash returned against operating cash flow, which ranks in the bottom 38% of 19 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

4.6/1040% of the headline grade · 1 of 3 filed, 2 estimated

Financial health

SI estimate
4.8/10

Is it financially healthy right now?

SI estimate 4.8/10, confidence 20 of 100 (family median).

weight 33% of this tense · 50th percentile among 18 sector filers · read for itself

SI estimate Inferred, not read as filed

Why it is an estimate
No balance sheet on file, so the desk assumes the typical reading of its industry family, the median of 18 members with one.
What the record cannot read
No balance sheet on file.
How it was reasoned
family median, 18 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Knot Offshore Partners Lp's financial health is put at 4.8 of 10 with a confidence of 20 of 100, because no balance sheet on file, so the desk assumes the typical reading of its industry family, the median of 18 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

Industry position

as filed
3.9/10

How strong is its position in its industry?

bottom 39% of 18 in its family; net margin 6.4%.

weight 45% of this tense · 39th percentile among 18 sector filers · read for its customers

From the record

Knot Offshore Partners Lp's standing among 18 graded names in its industry family: revenue of $364 million in fiscal 2025 ranks in the bottom 36% by size; a net margin of 6.4% ranks in the bottom 31%; revenue growth of 10.7% a year over the last 3 filed years ranks in the top 50% (its annual reports).

What it rests on

  • revenue against the family$364Mbottom 36% of its family
  • net margin6.4%bottom 31% of its family
  • three-year revenue growth10.7%top 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
5.8/10

What are the people in charge doing?

SI estimate 5.8/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 10 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 10 members with one.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
family median, 10 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Knot Offshore Partners Lp's leadership is put at 5.8 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 10 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

7.0/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
6.7/10

How much room does it have to grow?

top 33% of 17 in its family for room to expand.

weight 22% of this tense · 67th percentile among 17 sector filers · read for itself

From the record

Knot Offshore Partners Lp's room to grow, from the newest filed statements (fiscal 2025): cash of $89 million against debt of $574 million leaves -28.8% of its assets as net cash, top 50% of its family; cash from operations less capital spending is 42.7% of revenue (top 16%) (its annual report).

What it rests on

  • cash less debt against assets-28.8%top 50% of its family
  • cash from operations less capital spending against revenue42.7%top 16% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
7.7/10

What could actually drive growth from here?

top 24% of 17 in its family for growth drivers.

weight 45% of this tense · 76th percentile among 17 sector filers · read for its customers

From the record

Knot Offshore Partners Lp's growth drivers, from the filed years to fiscal 2025: revenue grew 10.7% a year over the last three filed years against 8.6% over all 10, speeding up (top 32% of its family); the newest year grew 14.4% (top 15%) (its annual reports). Knot Offshore Partners Lp reported 3 product lines in fiscal 2025: Time Charter and Bareboat Revenues at $361 million (99%), Bareboat Revenues at $2 million (1%), Voyage Revenue at $466 thousand (0%); 1 of 3 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span+2.1 points a yeartop 32% of its family
  • the newest year's revenue growth14.4%top 15% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
6.4/10

Did its newest year beat what its own record pointed to?

top 36% of 16 in its family for expectations against reality.

weight 33% of this tense · 64th percentile among 16 sector filers · read for its shareholders

From the record

Knot Offshore Partners Lp's newest year against its own record: revenue of $364 million in fiscal 2025 came in 5% above the $347 million its prior three years' pace pointed to (top 16% of its family); net income of $23 million against a prior three-year average of $13 million (top 38%); a net margin of 6.4% against 4.8% before (bottom 47%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace5.0%top 16% of its family
  • net income against the prior three years' average+82%top 38% of its family
  • net margin against its prior average+1.6 pointsbottom 47% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton KNOP · research, not advice