KNOT Offshore Partners LP Earnings Release-Interim Results for the Period Ended June 30, 2026
KNOT Offshore Partners LP (KNOP) reported Q2 2026 earnings with $96.8M revenue, $3.4M net income, and $57.6M Adjusted EBITDA. The company declared a $0.075 quarterly distribution and extended charters for several vessels. KNOP also refinanced $225M in debt and acquired the Hedda Knutsen shuttle tanker for $24.4M, subject to adjustments. The fleet operated at 96.8% utilization, and the company has secured 97% charter coverage for H2 2026 and 87% for H2 2027.
How this was made
The 30-second read
Why it matters
The earnings beat and cash distribution provide a short‑term catalyst, while long‑term charter extensions support future cash flow stability.
Market read
Earnings release offers a clear trading signal for KNOP; sector peers may see spillover effects.
What to watch
Upcoming credit facility refinancing and vessel acquisitions could increase leverage and risk.
Background
KNOT Offshore Partners LP (NYSE:KNOP) reported its Q2 2026 interim results, highlighting revenue, EBITDA, cash distribution, fleet utilization, and recent charter extensions.
Ticker impact
Q2 2026 earnings release with revenue $96.8M, adjusted EBITDA $57.6M and cash distribution of $0.075 per unit.
Potential modest price rise on the day of release as investors digest the solid performance and distribution.
Revenue and EBITDA beat expectations for a small‑cap offshore shuttle tanker partnership; cash distribution adds yield appeal.
Market effects
Positive signal for offshore shuttle tanker sector and related offshore oil production services.
May boost sentiment for North Sea and Brazil offshore markets where the fleet operates.
Limited to energy logistics niche; modest broader market effect.
Counterpoint
If offshore oil demand softens, the high utilization may be temporary and earnings could be unsustainable.
Key entities
- ChartererShell
Extended charter for Live Knutsen, adding revenue visibility.
- ChartererEni
Signed new three‑year time charter for Hilda Knutsen.



