KNOT Offshore Partners LP (KNOP) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 92.01M | 96.49M | 96.87M | 87.06M | 84.03M | 91.25M | 76.29M | 74.42M | 76.63M | 73.03M | 72.68M | 73.82M | 71.18M | 71.61M | 67.82M | 63.96M | 65.2M | 72.13M | 66.58M | 70.94M |
| Revenue Growth % | 9.49% | 5.73% | 26.97% | 16.98% | 9.65% | 24.96% | 4.97% | 0.81% | 7.66% | 1.98% | 7.18% | 15.42% | 9.18% | -0.72% | 1.86% | -9.84% | -8.79% | 3.26% | -6.6% | 0.97% |
| Cost of Goods Sold | 74.81M | 65.36M | 64.66M | 63.32M | 31.38M | 55.06M | 58.31M | 55.28M | 55.29M | 53.36M | 51.01M | 53.55M | 51.87M | 50.42M | 50.77M | 49.08M | 46M | 44.48M | 43.73M | 41.23M |
| COGS % of Revenue | 81.31% | 67.73% | 66.76% | 72.73% | 37.34% | 60.34% | 76.42% | 74.29% | 72.14% | 73.06% | 70.18% | 72.54% | 72.87% | 70.4% | 74.86% | 76.74% | 70.55% | 61.66% | 65.68% | 58.11% |
| Gross Profit | 17.2M | 31.13M | 32.2M | 23.74M | 52.65M | 36.2M | 17.99M | 19.14M | 21.35M | 19.67M | 21.67M | 20.27M | 19.31M | 21.2M | 17.05M | 14.88M | 19.2M | 27.66M | 22.85M | 29.71M |
| Gross Margin % | 18.69% | 32.27% | 33.24% | 27.27% | 62.66% | 39.66% | 23.58% | 25.71% | 27.86% | 26.94% | 29.82% | 27.46% | 27.13% | 29.6% | 25.14% | 23.26% | 29.45% | 38.34% | 34.32% | 41.89% |
| Gross Profit Growth % | -67.34% | -13.99% | 79.04% | 24.05% | 146.66% | 83.99% | -17.01% | -5.6% | 10.53% | -7.19% | 27.1% | 36.27% | 0.59% | -23.37% | -25.38% | -49.93% | -34.34% | -13.1% | -28.89% | -14.36% |
| Operating Expenses | 2.5M | 2.51M | 1.54M | 1.55M | 29.22M | 1.53M | 772K | 17.81M | 1.64M | 1.57M | 1.08M | 1.84M | 1.65M | 1.61M | 1.37M | 1.43M | 1.7M | 1.63M | 1.72M | 1.49M |
| OpEx % of Revenue | 2.72% | 2.6% | 1.59% | 1.79% | 34.77% | 1.68% | 1.01% | 23.93% | 2.14% | 2.15% | 1.49% | 2.49% | 2.32% | 2.24% | 2.01% | 2.23% | 2.6% | 2.26% | 2.58% | 2.1% |
| Selling, General & Admin | 2.5M | 0 | 1.54M | 1.55M | 1.8M | 1.53M | 1.48M | 1.43M | 1.64M | 1.57M | 1.08M | 1.84M | 1.65M | 1.61M | 1.37M | 1.43M | 1.7M | 1.63M | 1.72M | 1.49M |
| SG&A % of Revenue | 2.72% | - | 1.59% | 1.79% | 2.14% | 1.68% | 1.93% | 1.92% | 2.14% | 2.15% | 1.49% | 2.49% | 2.32% | 2.24% | 2.01% | 2.23% | 2.6% | 2.26% | 2.58% | 2.1% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 1000K | 0 | 0 | 1000K | 0 | -703K | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 14.7M | 28.63M | 30.66M | 22.18M | 23.44M | 34.66M | 17.21M | 1.33M | 19.71M | 18.1M | 20.59M | -31.22M | 17.66M | 19.59M | 15.69M | 13.45M | 17.5M | 26.02M | 21.13M | -1.2M |
| Operating Margin % | 15.97% | 29.67% | 31.65% | 25.48% | 27.89% | 37.99% | 22.56% | 1.78% | 25.72% | 24.79% | 28.33% | -42.28% | 24.81% | 27.35% | 23.13% | 21.03% | 26.84% | 36.08% | 31.74% | -1.69% |
| Operating Income Growth % | -37.29% | -17.42% | 78.13% | 1573% | 18.91% | 91.51% | -16.39% | 104.25% | 11.59% | -7.6% | 31.27% | -332.12% | 0.93% | -24.73% | -25.78% | 1219.73% | -36.63% | -14.44% | -31.55% | -103.6% |
| EBITDA | 54.29M | 59.25M | 59.35M | 51.56M | 51.34M | 62.37M | 44.88M | 29.07M | 47.45M | 45.7M | 48.06M | -3.11M | 45.39M | 47.37M | 43.32M | 39.51M | 43.44M | 52M | 47.2M | 22.63M |
| EBITDA Margin % | 59.01% | 61.41% | 61.27% | 59.22% | 61.09% | 68.34% | 58.82% | 39.07% | 61.92% | 62.57% | 66.12% | -4.21% | 63.77% | 66.15% | 63.88% | 61.77% | 66.63% | 72.09% | 70.9% | 31.9% |
| EBITDA Growth % | 5.76% | -5% | 32.25% | 77.33% | 8.19% | 36.49% | -6.63% | 1035.16% | 4.54% | -3.54% | 10.94% | -107.87% | 4.5% | -8.89% | -8.22% | 74.58% | -15.33% | -1.25% | -11.1% | -59.29% |
| D&A (Non-Cash Add-back) | 39.6M | 30.63M | 28.68M | 29.37M | 27.9M | 27.7M | 27.66M | 27.75M | 27.74M | 27.59M | 27.47M | 28.11M | 27.73M | 27.79M | 27.64M | 26.06M | 25.94M | 25.97M | 26.07M | 23.83M |
| EBIT | 16.83M | 28.63M | 31.64M | 22.45M | 22.09M | 37.2M | 13.36M | 4.05M | 25.04M | 14.06M | 20.59M | -22.23M | 15.9M | 19.01M | 28.59M | 18.46M | 33.93M | 30.23M | 21.14M | -3.61M |
| Net Interest Income | -13.14M | -14.5M | -15.8M | -14.61M | -14.31M | -15.2M | -16.18M | -15.79M | -16.91M | -17.29M | -17.79M | -17.36M | -16.76M | -14.99M | -12.14M | -8.35M | -6.93M | -6.98M | -7.51M | -7.05M |
| Interest Income | 778K | 1.09M | 832K | 903K | 748K | 1.05M | 678K | 897K | 828K | 992K | 932K | 861K | 683K | 472K | 289K | 59K | 2K | 0 | 2K | 0 |
| Interest Expense | 13.92M | 15.59M | 16.63M | 15.52M | 15.05M | 16.25M | 16.86M | 16.69M | 17.73M | 18.28M | 18.72M | 18.22M | 17.37M | 15.46M | 12.43M | 8.4M | 6.93M | 6.98M | 7.51M | 7.05M |
| Other Income/Expense | -11.79M | -34.45M | -15.51M | -15.25M | -15.28M | -11.41M | -20.71M | -13.96M | -12.13M | -22.32M | -13.41M | -9.13M | -19.2M | -13.24M | 467K | -3.39M | 9.49M | -2.78M | -7.5M | -9.46M |
| Pretax Income | 2.9M | -5.83M | 15.15M | 6.93M | 8.16M | 23.25M | -3.5M | -12.64M | 7.58M | -4.21M | 7.17M | -40.34M | -1.54M | 6.34M | 16.15M | 10.05M | 26.99M | 23.25M | 13.64M | -10.66M |
| Pretax Margin % | 3.16% | -6.04% | 15.64% | 7.97% | 9.71% | 25.48% | -4.58% | -16.98% | 9.89% | -5.77% | 9.87% | -54.64% | -2.17% | 8.86% | 23.82% | 15.72% | 41.4% | 32.23% | 20.48% | -15.03% |
| Income Tax | 277K | 420K | 39K | 125K | 579K | 3K | 275K | 213K | 141K | 1.07M | -5.47M | 49K | -245K | 317K | 180K | 166K | 212K | 115K | 109K | 261K |
| Effective Tax Rate % | 9.54% | -7.21% | 0.26% | 1.8% | 7.1% | 0.01% | -7.86% | -1.69% | 1.86% | -25.34% | -76.18% | -0.12% | 15.89% | 5% | 1.11% | 1.65% | 0.79% | 0.49% | 0.8% | -2.45% |
| Net Income | 2.63M | -6.25M | 15.11M | 6.81M | 7.58M | 23.25M | -3.77M | -12.85M | 7.44M | -5.28M | 12.64M | -40.39M | -1.3M | 6.03M | 15.97M | 9.89M | 26.78M | 21.04M | 13.53M | -10.93M |
| Net Margin % | 2.86% | -6.47% | 15.6% | 7.82% | 9.02% | 25.48% | -4.95% | -17.27% | 9.71% | -7.23% | 17.39% | -54.71% | -1.82% | 8.42% | 23.55% | 15.46% | 41.08% | 29.17% | 20.32% | -15.4% |
| Net Income Growth % | -65.35% | -126.86% | 500.58% | 152.99% | 1.92% | 540.19% | -129.85% | 68.18% | 673.48% | -187.64% | -20.86% | -508.47% | -104.84% | -71.35% | 18.07% | 190.51% | -4.84% | -14.49% | -46.06% | -150.39% |
| Net Income (Continuing) | 2.63M | -6.25M | 15.11M | 6.81M | 7.58M | 23.25M | -3.77M | -12.85M | 7.44M | -5.28M | 12.64M | -40.39M | -1.3M | 6.03M | 15.97M | 9.89M | 26.78M | 23.13M | 13.53M | -10.93M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 9.59M | 0 | 9.75M | 9.52M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9.25M | 0 | 0 | 10.37M | 10.44M | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.08 | -0.19 | 0.44 | 0.20 | 0.22 | 0.68 | -0.11 | -0.42 | 0.22 | -0.15 | 0.37 | -1.18 | -0.04 | 0.18 | 0.47 | 0.24 | 0.79 | 0.69 | 0.41 | -0.38 |
| EPS Growth % | -64.77% | -127.94% | 500% | 147.62% | 0% | 553.33% | -129.73% | 64.41% | 682.01% | -183.33% | -21.28% | -591.67% | -104.78% | -73.91% | 14.63% | 163.16% | -8.14% | -8% | -38.81% | -157.58% |
| EPS (Basic) | 0.08 | -0.19 | 0.44 | 0.20 | 0.22 | 0.68 | -0.11 | -0.42 | 0.22 | -0.15 | 0.37 | -1.18 | -0.04 | 0.18 | 0.47 | 0.24 | 0.79 | 0.69 | 0.41 | -0.38 |
| Diluted Shares Outstanding | 33.91M | 33.69M | 34.15M | 34.3M | 34.94M | 34.3M | 34.05M | 34.05M | 34.3M | 34.3M | 34.05M | 34.3M | 34.3M | 34.3M | 33.92M | 34.94M | 33.75M | 33.66M | 33.06M | 32.78M |
| Basic Shares Outstanding | 33.91M | 33.69M | 34.15M | 34.3M | 34.94M | 34.3M | 34.05M | 34.05M | 34.3M | 34.3M | 34.05M | 34.3M | 34.3M | 34.3M | 33.92M | 34.3M | 33.75M | 33.66M | 33.06M | 32.78M |
| Dividend Payout Ratio | 98.67% | - | 17.22% | 40.49% | 34.32% | 11.19% | - | - | 34.98% | - | 21.17% | - | - | 333.19% | 107.32% | 200.92% | 74.19% | 94.43% | 146.74% | - |