KNOT Offshore Partners LP
knotoffshorepartners.comWhat Do They Do?
Owns and operates shuttle tankers that carry crude oil and condensates from offshore oil fields to onshore terminals and refineries for energy companies.
20-F for FY2025, filed Apr 17, 2026
How Do They Make Money?
Energy companies pay to hire the vessels, with related loading, transport and discharge services; the monthly charter payment is due on the first day of each month.
20-F for FY2025, filed Apr 17, 2026
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20-F for FY2025, filed Apr 17, 2026
FY2025 revenue by product or service (Revenue from Contract with Customer, Excluding Assessed Tax) ↗
$364.4M
-
20-F for FY2025, filed Apr 17, 2026
$364.4M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Time charter revenues (service element included)
Recurring
20-F for FY2025, filed Apr 17, 2026 |
50%
FY2022: 41%
|
Time charter revenues (service element included), FY2025
$359.1M Sources
|
Recurring |
|
Bareboat charter revenues
Recurring
|
0.3%
FY2022: 8.8%
|
Bareboat charter revenues, FY2025
$2.1M Sources
|
Recurring |
|
Time charter and bareboat revenues
Recurring
20-F for FY2025, filed Apr 17, 2026 |
50%
FY2022: 50%
|
Time charter and bareboat revenues, FY2025
$361.2M Sources
|
Recurring |
Who Are Their Customers?
Charters its vessels directly to major energy companies and their subsidiaries, including oil producers and traders.
20-F for FY2025, filed Apr 17, 2026
Do Revenues Turn Into Profits?
Yes. It kept 6 cents of every revenue dollar as net income in FY2025.
20-F for FY2025, filed Apr 17, 2026
How Are They Changing?
Growing. Revenue grew 30% in 4 years, from $281.1M in FY2021 to $364.4M in FY2025, about 7% a year.
Who Do They Compete With?
Competes with Maran Shuttle Tankers, American Eagle Tankers, and Tsakos Energy Navigation
20-F for FY2025, filed Apr 17, 2026According to Fearnleys, as of September 2025, there were 78 vessels in the global shuttle tanker fleet plus 21 newbuilds known to be on…View ↗
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