KNOP Intrinsic Value Calculation – KNOT OFFSHORE PARTNERS LP Reports Second Quarter FY2023 Earnings Results on August 30 2023

September 2, 2023

🌥️Earnings Overview

KNOT OFFSHORE PARTNERS LP ($NYSE:KNOP) released their financial results for the second quarter of FY2023, which ran from April 1st 2023 until June 30th 2023, on August 30th 2023. For the quarter, revenue was USD 73.8 million, a 15.4% increase from the year prior. Unfortunately, net income was reported to be USD -40.4 million, a decrease of USD 9.9 million compared to the same period in the previous year.

Stock Price

The stock opened at $5.0 and closed at the same price on the day of the announcement. KNOT OFFSHORE PARTNERS LP reported growth in revenue and profitability from the same period in the previous year, both of which exceeded analysts’ expectations. Meanwhile, the company also announced an increase in distribution per unit and made significant investments in new assets and technologies to improve its operating efficiency. Furthermore, KNOT OFFSHORE PARTNERS LP provided positive guidance for the remainder of the fiscal year regarding its financial performance.

The company’s stock was steady throughout the day and continued to close at $5.0 following the announcement. The market reacted positively to the news as investors were pleased with the strong financial performance of the company. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for KNOP. More…

    Total Revenues Net Income Net Margin
    284.43 -27.44 -0.7%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for KNOP. More…

    Operations Investing Financing
    118.89 -37.23 -107.02
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for KNOP. More…

    Total Assets Total Liabilities Book Value Per Share
    1.65k 1.04k 17.33
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for KNOP are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    0.6% -17.1% 14.4%
    FCF Margin ROE ROA
    40.0% 4.1% 1.6%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis – KNOP Intrinsic Value Calculation

    At GoodWhale, we have analyzed the fundamentals of KNOT OFFSHORE PARTNERS LP and have come to the conclusion that its intrinsic value is approximately $3.9. This value has been determined using our proprietary Valuation Line. Currently, the stock is trading at $5.0, which is overvalued by 27.9%. We believe investors should proceed with caution when considering investing in this stock due to its current overvaluation. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Peers

    KNOT Offshore Partners LP is headquartered in Hamilton, Bermuda. The company’s common units trade on the New York Stock Exchange under the symbol “KNOP”. KNOT Offshore Partners LP’s competitors include Navios Maritime Partners LP, OceanPal Inc, Okeanis Eco Tankers Corp.

    – Navios Maritime Partners LP ($NYSE:NMM)

    Navios Maritime Partners LP is a global shipowning and chartering company. The Company’s activities include the ownership and operation of dry cargo vessels and the chartering of these vessels to liner companies, commodity traders and other shipowners. As of December 31, 2016, Navios Maritime Partners LP had a fleet of 50 dry cargo vessels.

    – OceanPal Inc ($NASDAQ:OP)

    OceanPal Inc is a publicly traded company with a market capitalization of 6.51 million as of 2022. The company has a Return on Equity of -10.82%. OceanPal is engaged in the business of marine transportation and logistics. The company operates a fleet of vessels that provide transportation services for a variety of cargoes, including crude oil, refined products, chemicals, and bulk commodities.

    – Okeanis Eco Tankers Corp ($OTCPK:OKENF)

    Okeanis Eco Tankers Corp is a Monaco-based crude tanker company. The Company owns and operates a modern fleet of very large crude carriers (VLCCs). As of February 2021, its fleet consisted of 14 double-hull VLCCs with an average age of approximately 4 years.


    KNOT OFFSHORE PARTNERS LP reported its second quarter FY2023 earnings on August 30, 2023. Revenue for the quarter rose 15.4% from the same period the prior year to USD 73.8 million, but net income dropped by 9.9 million to USD -40.4 million. This negative earnings report could signal trouble for investors, however, further analysis of the company’s financials will be needed to determine the potential impact on the company’s stock. Investors should be aware of any potential losses associated with investing in KNOT OFFSHORE PARTNERS LP and may want to consider other options.

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