KNOT Offshore Partners Q2 2026: $96.8M Revenue, $225M Refinancing, and Hedda Knutsen Acquisition Details
KNOP sits 44% above its 52-week low of $8.
Summary
KNOT Offshore Partners filed its Q2 2026 report with $96.8M revenue and $3.4M net income, plus details on a $225M refinancing, the Hedda Knutsen acquisition, and a new Eni charter.
Key Events · Earnings and Guidance · KNOP
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Q2 2026 Revenue and Net Income
Revenue of $96.8 million, up from $87.1 million in Q2 2025; net income of $3.4 million, down from $6.8 million due to higher depreciation from the useful life change.
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$225M Refinancing Completed
New senior secured credit facility with DNB Bank ASA at SOFR + 1.65%, 20 quarterly installments, $111.1 million balloon due June 2031, refinancing five vessels previously maturing September 2026.
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Hedda Knutsen Acquisition Terms
Acquired for $113.0 million less $89.4 million debt plus $0.8 million fees, net cost approximately $24.4 million; vessel on charter to Petrobras through November 2034.
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Ingrid Knutsen New Charter
Three-year time charter with Eni commencing early October 2026, plus three one-year options, replacing existing options.
Analysis · KNOP · Energy & Transportation
KNOT Offshore Partners reported Q2 2026 revenue of $96.8 million and net income of $3.4 million, but the more significant news is the $225 million refinancing of five vessels at SOFR + 1.65%, which extends maturities to 2031 and reduces near-term refinancing risk. The filing also details the Hedda Knutsen acquisition, including the $99 million loan facility with a $61.9 million balloon due 2031, and a new three-year charter for the Ingrid Knutsen with Eni. The change in vessel useful life from 23 to 20 years increased depreciation by $21.8 million for the first half, reducing reported earnings but not cash flow. The Series A Preferred Units redemption right on February 2, 2027 could require up to $59.5 million in cash, a material liquidity consideration.
How filings like this one have moved
In the 30 days to Sep 12, 2026, 35.8% of the 1618 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.19%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, KNOP was trading at $11.54 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $398.7M. The 52-week trading range was $8.00 to $11.78. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.