KNOT Offshore Q2 Revenue Hits $96.8M, Secures 97% Charter Coverage for H1 2027
KNOP sits 45% above its 52-week low of $7.74.
Summary
KNOT Offshore Partners reported Q2 2026 revenue of $96.8 million, up from $92.0 million in Q1, with net income of $3.4 million and Adjusted EBITDA of $57.6 million. The fleet ran at 96.8% utilization for scheduled operations, and liquidity stood at $143.3 million. The company declared a $0.075 per unit distribution and highlighted strong forward contract coverage: fully contracted for H2 2026, 97% for H1 2027, and 87% for H2 2027. Recent charter extensions with Galp Sinopec and Equinor, plus the completed Hedda Knutsen acquisition and a new $225 million credit facility, strengthen the balance sheet and fleet. Management sees tight shuttle tanker supply and robust Brazil demand supporting future dropdowns and gradual distribution increases. The conference call is scheduled for September 4, 2026 at 9:30 AM ET.
At the time of this announcement, KNOP was trading at $11.23 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $388M. The 52-week trading range was $7.74 to $11.78. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: BusinessWire.