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KNOT Offshore Partners LP (KNOP)

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Upturn Advisory Summary
11/03/2025: KNOP (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $11.97
1 Year Target Price $11.97
| 3 | Strong Buy | 
| 0 | Buy | 
| 0 | Hold | 
| 0 | Sell | 
| 0 | Strong Sell | 
Analysis of Past Performance
 Type  Stock  |  Historic Profit  26.8%  |  Avg. Invested days  26  |  Today’s Advisory  Consider higher Upturn Star rating   | 
 Upturn Star Rating  ![]()  |  Upturn Advisory Performance   |  Stock Returns Performance   | 
Key Highlights
 Company Size  Small-Cap Stock   |  Market Capitalization  315.14M  USD   |  Price to earnings Ratio  11.56   |  1Y Target Price  11.97   | 
 Price to earnings Ratio  11.56   |  1Y Target Price  11.97   | ||
 Volume (30-day avg)  3   |  Beta  -0.03   |  52 Weeks Range  5.20 - 10.00   |  Updated Date  11/3/2025   | 
 52 Weeks Range  5.20 - 10.00   |  Updated Date  11/3/2025   | ||
 Dividends yield (FY)  1.15%   |  Basic EPS (TTM)  0.78   | 
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
 Report Date  -   |  When  -   |  Estimate  -   |  Actual  -   | 
Profitability
 Profit Margin  10.2%   |  Operating Margin (TTM)  24.96%   | 
Management Effectiveness
 Return on Assets (TTM)  3.54%   |  Return on Equity (TTM)  5.57%   | 
Valuation
 Trailing PE  11.56   |  Forward PE  6.16   |  Enterprise Value  1155626167   |  Price to Sales(TTM)  0.95   | 
 Enterprise Value  1155626167   |  Price to Sales(TTM)  0.95   | ||
 Enterprise Value to Revenue  3.41   |  Enterprise Value to EBITDA  5.58   |  Shares Outstanding  34045081   |  Shares Floating  22176396   | 
 Shares Outstanding  34045081   |  Shares Floating  22176396   | ||
 Percent Insiders  28.38   |  Percent Institutions  28.7   | 
 Upturn AI SWOT 
KNOT Offshore Partners LP

Company Overview
 History and Background 
KNOT Offshore Partners LP (KNOP) was formed in 2013 by Knutsen NYK Offshore Tankers AS to own, operate, and acquire shuttle tankers under long-term charters. The company provides crude oil transportation and storage services in the North Sea and Brazil.
 Core Business Areas 
- Shuttle Tanker Operations: KNOP owns and operates shuttle tankers, which transport crude oil from offshore oil fields to onshore terminals or other vessels. These vessels are specifically designed for harsh environments and can maintain stable positioning during loading and unloading operations.
 
 Leadership and Structure 
John Chappel is the CEO. The company operates as a master limited partnership (MLP) with a general partner responsible for managing its operations.
Top Products and Market Share
 Key Offerings 
- Shuttle Tanker Services: KNOP's primary service is providing shuttle tanker capacity under long-term time charters. These contracts ensure stable revenue streams. Market share data is difficult to obtain precisely, but the shuttle tanker market is relatively concentrated. Competitors include Teekay Offshore and Altera Infrastructure.
 
Market Dynamics
 Industry Overview 
The shuttle tanker industry supports offshore oil production by transporting crude oil from offshore platforms to onshore facilities. Demand is driven by offshore oil exploration and production activities, particularly in regions like the North Sea and Brazil.
Positioning
KNOP focuses on long-term contracts and specialized shuttle tanker operations in harsh environments. Its competitive advantage lies in its modern fleet, experienced crew, and established relationships with major oil companies.
Total Addressable Market (TAM)
The global shuttle tanker market is estimated to be several billion dollars annually. KNOP is positioned to capture a significant share of this market through its existing fleet and operational expertise.
Upturn SWOT Analysis
Strengths
- Modern fleet of shuttle tankers
 - Long-term fixed-rate contracts
 - Strong relationships with major oil companies
 - Experienced operational team
 - High utilization rates
 
Weaknesses
- Reliance on the oil and gas industry
 - High debt levels
 - Sensitivity to interest rate fluctuations
 - Small-cap company with limited financial flexibility
 
Opportunities
- Expansion into new offshore oil regions
 - Acquisition of additional shuttle tankers
 - Renewal and extension of existing contracts
 - Diversification into related maritime services
 
Threats
- Decline in offshore oil production
 - Lower oil prices
 - Increased competition
 - Regulatory changes impacting offshore operations
 - Vessel obsolescence
 
Competitors and Market Share
 Key Competitors 
- TK (Teekay Corporation)
 - INSW (International Seaways Inc.)
 
Competitive Landscape
KNOP competed based on its modern fleet, long-term contracts, and operational expertise. Competitors offered similar services and competed on price and contract terms. Market share data is not available in percentage format.
Growth Trajectory and Initiatives
Historical Growth: KNOP's growth was driven by the acquisition of new shuttle tankers and securing long-term contracts. Growth was impacted by the volatility in the oil and gas market.
Future Projections: Future growth projections are not applicable as the company was acquired.
Recent Initiatives: Recent initiatives are not applicable as the company was acquired.
Summary
KNOT Offshore Partners LP was a limited partnership focused on shuttle tanker services. It operated a modern fleet under long-term contracts with major oil companies. The company faced challenges related to the volatility of the oil and gas market and high debt levels. It has since been acquired and is no longer publicly traded.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company reports
 - Industry publications
 - Financial news sources
 - Competitor analysis
 
Disclaimers:
This analysis is based on available information and is not financial advice. Market conditions and company performance are subject to change. This information is provided for illustrative purposes only, as KNOP has been acquired.
 AI Summarization is directionally correct and might not be accurate. 
 Summarized information shown could be a few years old and not current. 
 Fundamental Rating based on AI could be based on old data. 
 AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action. 
About KNOT Offshore Partners LP
 Exchange  NYSE   |  Headquaters  -   | ||
 IPO Launch date  2013-04-10   |  CEO & CFO  Mr. Derek  Lowe   | ||
 Sector  Energy   |  Industry  Oil & Gas Midstream   |  Full time employees  1   | |
 Full time employees  1   | |||
KNOT Offshore Partners LP acquires, owns, and operates shuttle tankers under long-term charters in the North Sea and Brazil. It provides loading, transportation, and discharge of crude oil under time charters and bareboat charters. The company was founded in 2013 and is headquartered in Aberdeen, the United Kingdom.

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