KNOP Stock Intrinsic Value – KNOT OFFSHORE PARTNERS LP Reports Q2 FY2023 Earnings Results on August 30, 2023

September 7, 2023

🌥️Earnings Overview

KNOT OFFSHORE PARTNERS LP ($NYSE:KNOP) announced their earnings results for the second quarter of FY2023 (ending June 30 2023) on August 30 2023. The company achieved total revenue growth of 15.4% compared to the same quarter of the previous year, reaching USD 73.8 million in total revenue. Unfortunately, their reported net income fell drastically from USD 9.9 million in the second quarter of FY2022 to USD -40.4 million in the same quarter of the current year.

Price History

KNOT opened on the day at $5.0 and closed at the same price, indicating that investors did not respond positively to the report. KNOT’s management attributed the weak results to lower than expected demand for their services in the current quarter. They added that they are working to strengthen their operations in order to better meet customer needs in the future.

Despite the disappointing news, KNOT’s stock price remained relatively unchanged, indicating that investors are confident in the company’s future prospects. With a strong balance sheet and a focus on operational efficiency, KNOT is well positioned to bounce back in subsequent quarters. 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 Stock Intrinsic Value

    We recently conducted an analysis of KNOT OFFSHORE PARTNERS LP’s wellbeing. 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 their second quarter of FY2023 earnings on August 30 2023. Total revenue was up 15.4% year-on-year to USD 73.8 million.

    However, reported net income was down significantly to a net loss of USD 40.4 million compared to the USD 9.9 million profit in the prior year. This suggests that there may be underlying issues with the company’s operations and investors should take a closer look before making any decisions. The company’s stock price has already taken a hit but there could be further downside if the underlying problems continue.

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