Knot Offshore Partners Lp - Understand $knop stock

$KNOP Market Cap: $203.3 Million

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$296.8M

TTM

Gross Margin

64.85%

TTM

Net Earnings

-$4.764M

TTM

Current Assets

$84.41M

Q2 2024

Current Liabilities

$111.7M

Q2 2024

Current Ratio

75.58%

Q2 2024

Total Assets

$1.518B

Q2 2024

Total Liabilities

$920.8M

Q2 2024

Book Value

$596.9M

Q2 2024

Cash

$56.62M

Q2 2024

P/E

-42.67

Nov 29, 2024 EST

Free Cash Flow

$120.4M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue	$290.7M	$268.6M	$281.1M	$279.2M	$282.6M	$279.5M	$219.2M	$173.7M	$155.0M	$112.8M	$73.40M	$65.70M	$43.90M	$9.800M
YoY Change	8.24%	-4.46%	0.69%	-1.2%	1.11%	27.51%	26.19%	12.06%	37.41%	53.68%	11.72%	49.66%	347.96%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue	$290.7M	$268.6M	$281.1M	$279.2M	$282.6M	$279.5M	$219.2M	$173.7M	$155.0M	$112.8M	$73.40M	$65.70M	$43.90M	$9.800M
Cost Of Revenue	$98.89M	$88.85M	$72.11M	$61.00M	$60.10M	$56.70M	$46.70M	$30.90M	$27.50M	$23.90M	$14.30M	$13.00M	$13.40M	$2.800M
Gross Profit	$191.8M	$179.7M	$209.0M	$218.2M	$222.4M	$222.7M	$172.5M	$142.8M	$127.5M	$89.00M	$59.10M	$52.70M	$30.50M	$7.100M
Gross Profit Margin	65.99%	66.92%	74.35%	78.15%	78.7%	79.68%	78.7%	82.21%	82.26%	78.9%	80.52%	80.21%	69.48%	72.45%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Selling, General & Admin	$6.142M	$6.098M	$6.461M	$5.400M	$4.900M	$5.300M	$5.600M	$4.400M	$4.300M	$4.300M	$5.400M	$4.800M	$900.0K	$400.0K
YoY Change	0.72%	-5.62%	19.65%	10.2%	-7.55%	-5.36%	27.27%	2.33%	0.0%	-20.37%	12.5%	433.33%	125.0%
% of Gross Profit	3.2%	3.39%	3.09%	2.47%	2.2%	2.38%	3.25%	3.08%	3.37%	4.83%	9.14%	9.11%	2.95%	5.63%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$110.9M	$107.4M	$99.56M	$89.70M	$89.80M	$88.80M	$71.60M	$56.20M	$48.80M	$34.30M	$23.80M	$21.20M	$16.20M	$4.400M
YoY Change	3.24%	7.89%	10.99%	-0.11%	1.13%	24.02%	27.4%	15.16%	42.27%	44.12%	12.26%	30.86%	268.18%
% of Gross Profit	57.81%	59.76%	47.63%	41.11%	40.38%	39.87%	41.51%	39.36%	38.27%	38.54%	40.27%	40.23%	53.11%	61.97%
Operating Expenses	$117.0M	$113.5M	$106.0M	$95.10M	$94.70M	$94.10M	$77.10M	$60.60M	$53.20M	$38.60M	$29.10M	$26.00M	$17.20M	$4.700M
YoY Change	3.11%	7.07%	11.48%	0.42%	0.64%	22.05%	27.23%	13.91%	37.82%	32.65%	11.92%	51.16%	265.96%
Operating Profit	$74.79M	$66.22M	$103.0M	$123.1M	$127.7M	$128.6M	$95.40M	$82.20M	$74.30M	$50.40M	$30.00M	$26.70M	$13.30M	$2.400M
YoY Change	12.93%	-35.7%	-16.33%	-3.6%	-0.7%	34.8%	16.06%	10.63%	47.42%	68.0%	12.36%	100.75%	454.17%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Interest Expense	-$63.47M	-$6.052M	-$18.20M	-$57.10M	-$67.90M	-$45.30M	-$25.90M	-$19.80M	-$27.20M	-$21.60M	-$10.00M	-$21.30M	-$28.10M	-$19.40M
YoY Change	948.74%	-66.75%	-68.13%	-15.91%	49.89%	74.9%	30.81%	-27.21%	25.93%	116.0%	-53.05%	-24.2%	44.85%
% of Operating Profit	-84.87%	-9.14%	-17.67%	-46.39%	-53.17%	-35.23%	-27.15%	-24.09%	-36.61%	-42.86%	-33.33%	-79.78%	-211.28%	-808.33%
Other Income/Expense, Net	-$589.0K	-$628.0K	-$1.011M	-$700.0K	-$800.0K	-$1.300M	-$1.400M	-$1.300M	-$500.0K	-$1.300M	-$2.000M	-$3.400M	-$2.700M	-$1.900M
YoY Change	-6.21%	-37.88%	44.43%	-12.5%	-38.46%	-7.14%	7.69%	160.0%	-61.54%	-35.0%	-41.18%	25.93%	42.11%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Pretax Income	-$38.92M	$59.54M	$54.36M	$65.20M	$59.00M	$82.20M	$68.00M	$61.10M	$40.40M	$27.40M	$17.90M	$2.000M	-$17.60M	-$18.90M
YoY Change	-165.37%	9.52%	-16.62%	10.51%	-28.22%	20.88%	11.29%	51.24%	47.45%	53.07%	795.0%	-111.36%	-6.88%
Income Tax	-$4.595M	$875.0K	$488.0K	$0.00	$0.00	$0.00	$0.00	$0.00	-$100.0K	$0.00	$2.800M	$1.300M	-$1.200M	-$1.300M
% Of Pretax Income		1.47%	0.9%	0.0%	0.0%	0.0%	0.0%	0.0%	-0.25%	0.0%	15.64%	65.0%
Net Earnings	-$40.37M	$58.67M	$53.01M	$64.20M	$58.00M	$80.80M	$66.90M	$59.80M	$40.40M	$27.40M	$15.10M	$700.0K	-$16.30M	-$17.60M
YoY Change	-168.81%	10.66%	-17.42%	10.69%	-28.22%	20.78%	11.87%	48.02%	47.45%	81.46%	2057.14%	-104.29%	-7.39%
Net Earnings / Revenue	-13.89%	21.84%	18.86%	22.99%	20.52%	28.91%	30.52%	34.43%	26.06%	24.29%	20.57%	1.07%	-37.13%	-179.59%
Basic Earnings Per Share
Diluted Earnings Per Share	-$1.12	$1.73	$1.430M	$1.963M	$1.774M	$2.220M	$2.040M	$2.199M	$1.597M	$1.384M	$883.0K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Cash & Short-Term Investments	$63.92M	$47.58M	$62.29M	$52.60M	$43.50M	$41.70M	$46.10M	$27.70M	$23.60M	$30.70M	$28.80M	$1.300M	$3.200M	$3.400M
YoY Change	34.35%	-23.62%	18.43%	20.92%	4.32%	-9.54%	66.43%	17.37%	-23.13%	6.6%	2115.38%	-59.38%	-5.88%
Cash & Equivalents	$63.92M	$47.58M	$62.29M	$52.60M	$43.50M	$41.70M	$46.10M	$27.70M	$23.60M	$30.70M	$28.80M	$1.300M	$3.200M	$3.400M
Short-Term Investments
Other Short-Term Assets	$21.81M	$30.60M	$1.281M	$1.100M	$1.900M	$5.400M	$3.600M	$1.100M	$1.800M	$1.600M	$2.000M	$3.400M	$3.000M	$1.500M
YoY Change	-28.71%	2288.6%	16.45%	-42.11%	-64.81%	50.0%	227.27%	-38.89%	12.5%	-20.0%	-41.18%	13.33%	100.0%
Inventory	$3.696M	$5.759M	$3.306M	$2.700M	$2.300M	$2.400M	$2.200M	$1.200M	$800.0K	$900.0K	$600.0K	$500.0K	$500.0K	$700.0K
Prepaid Expenses
Receivables			$0.00				$0.00	$0.00		$0.00	$0.00	$100.0K	$100.0K	$0.00
Other Receivables			$7.013M				$4.200M	$1.100M		$2.500M	$500.0K	$1.200M	$400.0K	$1.000M
Total Short-Term Assets	$89.78M	$85.93M	$73.89M	$66.50M	$52.80M	$52.40M	$56.10M	$31.10M	$26.30M	$35.70M	$32.00M	$6.500M	$7.200M	$6.600M
YoY Change	4.47%	16.3%	11.12%	25.95%	0.76%	-6.6%	80.39%	18.25%	-26.33%	11.56%	392.31%	-9.72%	9.09%
Property, Plant & Equipment	$1.495B	$1.634B	$1.601B	$1.710B	$1.679B	$1.767B	$1.723B	$1.257B	$1.193B	$1.022B	$617.8M	$496.8M	$517.9M	$396.6M
YoY Change	-8.48%	2.05%	-6.4%	1.85%	-4.97%	2.56%	37.08%	5.37%	16.73%	65.41%	24.36%	-4.07%	30.58%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$11.59M	$14.38M	$2.465M	$2.900M	$4.600M	$15.50M	$11.50M	$4.300M	$700.0K	$6.900M	$4.600M	$2.800M	$3.800M	$2.500M
YoY Change	-19.41%	483.29%	-15.0%	-36.96%	-70.32%	34.78%	167.44%	514.29%	-89.86%	50.0%	64.29%	-26.32%	52.0%
Total Long-Term Assets	$1.507B	$1.648B	$1.603B	$1.714B	$1.685B	$1.784B	$1.737B	$1.261B	$1.194B	$1.035B	$628.2M	$505.3M	$527.4M	$404.9M
YoY Change	-8.57%	2.78%	-6.44%	1.7%	-5.56%	2.72%	37.73%	5.66%	15.32%	64.76%	24.32%	-4.19%	30.25%
Total Assets	$1.596B	$1.734B	$1.677B	$1.780B	$1.738B	$1.837B	$1.793B	$1.292B	$1.220B	$1.071B	$660.2M	$511.8M	$534.6M	$411.5M
YoY Change
Accounts Payable	$10.24M	$4.268M	$3.872M	$3.800M	$2.700M	$4.800M	$5.200M	$2.200M	$2.000M	$1.900M	$1.100M	$400.0K	$700.0K	$8.600M
YoY Change	140.0%	10.23%	1.89%	40.74%	-43.75%	-7.69%	136.36%	10.0%	5.26%	72.73%	175.0%	-42.86%	-91.86%
Accrued Expenses	$15.76M	$11.37M	$7.077M	$6.000M	$7.200M	$6.500M	$6.500M	$3.400M	$3.900M	$2.700M	$2.600M	$1.800M	$2.100M	$1.800M
YoY Change	38.63%	60.6%	17.95%	-16.67%	10.77%	0.0%	91.18%	-12.82%	44.44%	3.85%	44.44%	-14.29%	16.67%
Deferred Revenue
YoY Change
Short-Term Debt	$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	$20.00M
YoY Change													-100.0%
Long-Term Debt Due	$151.8M	$369.8M	$88.58M	$184.2M	$83.50M	$106.9M	$93.00M	$59.00M	$48.50M	$38.70M	$29.30M	$28.80M	$28.10M	$12.00M
YoY Change	-58.95%	317.47%	-51.91%	120.6%	-21.89%	14.95%	57.63%	21.65%	25.32%	32.08%	1.74%	2.49%	134.17%
Total Short-Term Liabilities	$180.4M	$390.0M	$116.0M	$213.9M	$104.0M	$128.4M	$122.8M	$77.60M	$65.50M	$60.00M	$42.00M	$54.60M	$78.00M	$130.2M
YoY Change	-53.74%	236.32%	-45.79%	105.67%	-19.0%	4.56%	58.25%	18.47%	9.17%	42.86%	-23.08%	-30.0%	-40.09%
Long-Term Debt	$805.0M	$686.6M	$878.5M	$846.2M	$911.9M	$970.4M	$933.6M	$682.7M	$619.2M	$574.5M	$320.7M	$319.0M	$347.8M	$204.9M
YoY Change	17.24%	-21.85%	3.82%	-7.2%	-6.03%	3.94%	36.75%	10.26%	7.78%	79.14%	0.53%	-8.28%	69.74%
Other Long-Term Liabilities	$3.480M	$4.724M	$9.533M	$22.40M	$10.00M	$5.500M	$6.900M	$9.600M	$13.50M	$15.40M	$13.40M	$37.90M	$39.10M	$27.50M
YoY Change	-26.33%	-50.45%	-57.44%	124.0%	81.82%	-20.29%	-28.13%	-28.89%	-12.34%	14.93%	-64.64%	-3.07%	42.18%
Total Long-Term Liabilities	$808.5M	$691.3M	$888.1M	$868.6M	$921.9M	$975.9M	$940.5M	$692.3M	$632.7M	$589.9M	$334.1M	$356.9M	$386.9M	$232.4M
YoY Change	16.95%	-22.16%	2.24%	-5.78%	-5.53%	3.76%	35.85%	9.42%	7.26%	76.56%	-6.39%	-7.75%	66.48%
Total Liabilities	$989.0M	$1.082B	$1.004B	$1.083B	$1.026B	$1.105B	$1.064B	$770.6M	$699.1M	$651.4M	$378.2M	$414.6M	$467.2M	$365.8M
YoY Change	-8.57%	7.71%	-7.24%	5.5%	-7.11%	3.83%	38.07%	10.23%	7.32%	72.24%	-8.78%	-11.26%	27.72%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Basic Shares Outstanding
Diluted Shares Outstanding
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $203.26 Million

About KNOT Offshore Partners LP

KNOT Offshore Partners LP is engages in the operation and acquisition of shuttle tankers under long-term charters. The company is headquartered in Aberdeen, Aberdeenshire and currently employs 1 full-time employees. The company went IPO on 2013-10-04. The firm's fleet consists of approximately 18 shuttle tankers, which vessels are designed to transport crude oil and condensates from offshore oil field installations to onshore terminals and refineries. Its shuttle tankers are equipped with sophisticated loading and dynamic positioning systems that allow the vessels to load cargo safely from oil field installations, in harsh weather conditions and where there are strong currents. The firm's vessels include Tove Knutsen, Synnove Knutsen, Lena Knutsen, Vigdis Knutsen, Anna Knutsen, Tordis Knutsen, Raquel Knutsen, Carmen Knutsen, Brasil Knutsen, Hilda Knutsen, Torill Knutsen, Ingrid Knutsen, Dan Sabia, Bodil Knutsen, Fortaleza Knutsen, Recife Knutsen, Dan Cisne and Windsor Knutsen.

Industry: Water Transportation Peers: Navigator Holdings Ltd.