KNOT Offshore Partners LP
Research KNOT Offshore Partners LP (KNOP) on Bullrun: valuation model: 41.2% overvalued, market cap USD 348.96M, P/E 23.6, dividend yield 1.8%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerKNOP
- ExchangeNYSE
- CountryUnited Kingdom
- SectorEnergy
- IndustryOil & Gas Midstream
- CurrencyUSD
- Valuation signal41.2% overvalued
- Market capUSD 348.96M
- P/E23.6
- Dividend yield1.8%
- Financial periodQ2 2026
- RevenueUSD 96.78M
- Net incomeUSD 3.41M
- Free cash flowUSD 33.04M
- Gross margin17.8%
Valuation Snapshot
Bullrun's latest valuation model marks KNOT Offshore Partners LP as 41.2% overvalued; latest market cap is USD 348.96M; P/E is 23.6; dividend yield is 1.8%.
Peer valuation comparison
Latest P/E is 23.56x versus a Energy sector median of 15.51x (51.9% above).
Latest dividend yield is 1.77% versus a Energy sector median of 3.62% (51.1% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 364.44M | USD 23.26M | USD 155.46M | 30.4% | 0.69 | USD 88.98M | USD 955.10M | USD 0 |
| FY2024 | USD 318.60M | USD 14.07M | USD 136.20M | 29.7% | 0.41 | USD 66.93M | USD 904.73M | USD 0 |
| FY2023 | USD 290.72M | -USD 34.33M | USD 128.86M | 27.8% | -1.01 | USD 63.92M | USD 956.79M | USD 0 |
| FY2022 | USD 268.59M | USD 58.67M | USD 97.63M | 26.9% | 1.73 | USD 47.58M | USD 1.06B | USD 0 |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-09 | USD 348.96M | 23.6 | 1.8% | 0.18 |
| 2025 | 2025-12-31 | USD 357.62M | 15.2 | 1.2% | 0.12 |
| 2024 | 2024-12-31 | USD 190.41M | 13.3 | 2.2% | 0.12 |
| 2023 | 2023-12-29 | USD 201.24M | n/a | 2.1% | 0.12 |
| 2022 | 2022-12-30 | USD 327.04M | 7.4 | 21.6% | 2.08 |
| 2021 | 2021-12-31 | USD 450.35M | 22.6 | 15.6% | 2.08 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 0.18 USD, yield 1.8%.
| Year | Dividends/share |
|---|---|
| FY2025 | 0.12 USD |
| FY2024 | 0.12 USD |
| FY2023 | 0.12 USD |
| FY2022 | 2.08 USD |
About KNOT Offshore Partners LP
KNOT Offshore Partners LP, together with its subsidiaries, acquires, owns, and operates shuttle tankers in the United Kingdom and Brazil. The company loads, transports, condensates, and discharges crude oil from offshore oil field installations to onshore terminals and refineries. It serves oil majors and national oil companies. The company was incorporated in 2013 and is headquartered in Aberdeen, the United Kingdom.
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Frequently asked questions
Is KNOT Offshore Partners LP overvalued or undervalued?
Bullrun's valuation model currently marks KNOT Offshore Partners LP as 41.2% overvalued.
What is KNOT Offshore Partners LP's market cap?
KNOT Offshore Partners LP's market capitalization is USD 348.96M.
What is KNOT Offshore Partners LP's P/E ratio?
KNOT Offshore Partners LP's price-to-earnings (P/E) ratio is 23.6.
Does KNOT Offshore Partners LP pay a dividend?
KNOT Offshore Partners LP has a dividend yield of 1.8%.
What does KNOT Offshore Partners LP do?
KNOT Offshore Partners LP, together with its subsidiaries, acquires, owns, and operates shuttle tankers in the United Kingdom and Brazil. The company loads, transports, condensates, and discharges crude oil from offshore oil field installations to onshore terminals and refineries. It serves oil majors and national oil companies. The company was incorporated in 2013 and is headquartered in Aberdeen, the United Kingdom.