KNOT Offshore Partners LP (KNOP) Income Statement Analysis

See more : ISDN Holdings Limited (1656.HK) Income Statement Analysis – Financial Results

Complete financial analysis of KNOT Offshore Partners LP (KNOP) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of KNOT Offshore Partners LP, a leading company in the Marine Shipping industry within the Industrials sector.

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KNOT Offshore Partners LP (KNOP)

Industry: Marine Shipping

Sector: Industrials

Website: https://www.knotoffshorepartners.com

About KNOT Offshore Partners LP

KNOT Offshore Partners LP owns, acquires, and operates shuttle tankers under long-term charters in the North Sea and Brazil. The company provides loading, transportation, discharge, and storage of crude oil under time charters and bareboat charters. As of March 17, 2022, it operated a fleet of seventeen shuttle tankers. The company was founded in 2013 and is headquartered in Aberdeen, the United Kingdom.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Revenue	290.72M	268.59M	281.13M	279.22M	282.56M	279.46M	219.20M	173.67M	155.02M	112.84M	73.40M	65.65M	43.91M
Cost of Revenue	209.79M	196.27M	171.67M	150.75M	149.97M	145.49M	118.29M	87.13M	76.39M	58.20M	38.06M	34.18M	29.68M
Gross Profit	80.93M	72.32M	109.46M	128.47M	132.59M	133.97M	100.91M	86.54M	78.64M	54.64M	35.35M	31.47M	14.23M
Gross Profit Ratio	27.84%	26.93%	38.93%	46.01%	46.92%	47.94%	46.04%	49.83%	50.73%	48.42%	48.15%	47.94%	32.41%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	6.14M	6.10M	6.46M	5.39M	4.86M	5.29M	5.56M	4.37M	4.29M	4.32M	5.36M	1.40M	927.00K
Selling & Marketing	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	6.14M	6.10M	6.46M	5.39M	4.86M	5.29M	5.56M	4.37M	4.29M	4.32M	5.36M	1.40M	927.00K
Other Expenses	49.65M	79.93M	65.65M	55.61M	0.00	0.00	41.15M	26.53M	23.25M	19.56M	8.93M	0.00	0.00
Operating Expenses	55.79M	6.10M	6.46M	5.39M	4.86M	5.29M	5.56M	4.37M	4.29M	4.32M	5.36M	1.40M	927.00K
Cost & Expenses	262.74M	202.36M	178.13M	156.14M	154.83M	150.78M	123.85M	91.50M	80.68M	62.52M	43.42M	35.58M	30.60M
Interest Income	3.47M	822.00K	2.00K	125.00K	865.00K	739.00K	248.00K	24.00K	8.00K	13.00K	30.00K	19.00K	34.00K
Interest Expense	72.66M	42.60M	28.07M	31.65M	50.74M	49.96M	30.71M	20.87M	17.45M	15.27M	10.77M	13.47M	9.65M
Depreciation & Amortization	110.25M	107.42M	99.56M	90.05M	90.45M	89.36M	72.01M	56.23M	47.33M	32.80M	23.77M	19.66M	16.23M
EBITDA	144.64M	210.19M	183.00M	187.63M	201.00M	222.74M	172.18M	139.50M	121.77M	83.22M	54.17M	46.38M	8.96M
EBITDA Ratio	49.75%	64.19%	71.37%	75.69%	76.69%	77.29%	75.13%	78.07%	78.17%	43.48%	38.10%	70.65%	61.10%
Operating Income	25.14M	66.22M	101.99M	123.08M	127.73M	128.68M	95.36M	82.17M	68.13M	50.32M	29.98M	30.08M	13.31M
Operating Income Ratio	8.65%	24.66%	36.28%	44.08%	45.20%	46.05%	43.50%	47.31%	43.95%	44.59%	40.85%	45.81%	30.30%
Total Other Income/Expenses	-64.06M	-6.68M	-19.21M	-57.85M	-68.76M	-46.52M	-27.31M	-21.08M	-27.75M	-22.91M	-12.09M	-14.62M	-30.88M
Income Before Tax	-38.92M	59.54M	54.36M	65.24M	58.97M	82.16M	68.05M	61.09M	40.38M	27.41M	17.89M	5.45M	-17.58M
Income Before Tax Ratio	-13.39%	22.17%	19.34%	23.36%	20.87%	29.40%	31.04%	35.17%	26.05%	24.29%	24.37%	8.29%	-40.03%
Income Tax Expense	-4.60M	875.00K	488.00K	10.00K	9.00K	-2.00K	-16.00K	-15.00K	-59.00K	15.00K	2.83M	1.26M	-1.24M
Net Income	-34.33M	58.67M	53.88M	65.23M	58.96M	82.17M	68.07M	61.10M	40.44M	27.39M	15.06M	4.18M	-16.34M
Net Income Ratio	-11.81%	21.84%	19.16%	23.36%	20.87%	29.40%	31.05%	35.18%	26.09%	24.27%	20.52%	6.37%	-37.21%
EPS	-1.18	1.48	1.39	1.74	1.55	2.51	2.26	2.25	1.60	1.39	0.88	0.04	-0.95
EPS Diluted	-1.03	1.33	1.24	1.74	1.55	2.51	2.26	2.25	1.60	1.39	0.88	0.04	-0.95
Weighted Avg Shares Out	34.30M	34.30M	33.24M	32.69M	32.69M	32.69M	30.07M	27.19M	25.27M	19.78M	17.14M	17.14M	17.14M
Weighted Avg Shares Out (Dil)	39.32M	38.34M	37.26M	32.69M	32.69M	32.69M	30.07M	27.19M	25.27M	19.78M	17.14M	17.14M	17.14M

Here's Why Knot Offshore (KNOP) is Poised for a Turnaround After Losing 27.4% in 4 Weeks

December 2, 2022zacks.com

Knot Offshore (KNOP) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

KNOT Offshore Partners: Covenant Alert, Distributions Could Fall To Zero

December 2, 2022seekingalpha.com

KNOT Offshore Partners is facing numerous operational issues that have hindered their financial performance during 2022. Disappointingly, these continued into the third quarter and appear likely to worsen during 2023.

KNOT Offshore Partners LP (KNOP) Q3 2022 Earnings Call Transcript

November 30, 2022seekingalpha.com

KNOT Offshore Partners LP (NYSE:KNOP ) Q3 2022 Results Conference Call November 30, 2022 10:00 AM ET Company Participants Gary Chapman - Chief Executive Officer and CFO Conference Call Participants Liam Burke - B. Riley Richard Diamond - Castlewood Capital...

Why Knot Offshore Partners Stock Is Plunging Today

November 30, 2022fool.com

Demand for shuttle tankers is sinking due to oversupply.

KNOT Offshore Partners LP Earnings Release—Interim Results for the Period Ended September 30, 2022

November 29, 2022businesswire.com

ABERDEEN, Scotland--(BUSINESS WIRE)--KNOT Offshore Partners LP (NYSE:KNOP): Financial Highlights For the three months ended September 30, 2022, KNOT Offshore Partners LP (“KNOT Offshore Partners” or the “Partnership”): Generated total revenues of $67.8 million, operating income of $15.7 million and net...

KNOT Offshore Partners: Brace For A Distribution Cut

November 2, 2022seekingalpha.com

KNOT Offshore Partners eliminated their IDRs at the end of 2021, which in my eyes, appeared to be lining up for a distribution cut. Whilst their distributions have since been sustained, their fundamentals have deteriorated and thus it now seems...

KNOT Offshore Partners LP Announces Third Quarter 2022 Earnings Results Conference Call

October 27, 2022businesswire.com

ABERDEEN, Scotland--(BUSINESS WIRE)--KNOT Offshore Partners LP (NYSE:KNOP) (“the Partnership”) plans to release its financial results for the Third Quarter of 2022 before opening of the market on Wednesday, November 30, 2022. The Partnership also plans to host a conference call...

KNOT Offshore Partners LP (KNOP) Q2 2022 Earnings Call Transcript

August 25, 2022seekingalpha.com

KNOT Offshore Partners LP (NYSE:KNOP ) Q2 2022 Earnings Conference Call August 25, 2022 11:00 AM ET Company Participants Gary Chapman - Chief Executive Officer Conference Call Participants Richard Diamond - Castlewood Capital Liam Burke - B. Riley Securities Robert...

KNOT Offshore Partners LP Announces Second Quarter 2022 Earnings Results Conference Call

July 26, 2022businesswire.com

ABERDEEN, Scotland--(BUSINESS WIRE)--KNOT Offshore Partners LP (NYSE:KNOP) (“the Partnership”) plans to release its financial results for the Second Quarter of 2022 before opening of the market on Thursday, August 25, 2022. The Partnership also plans to host a conference call...