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KNOT Offshore Partners posts strong Q2 earnings with 96.8% fleet utilization and $0.075/unit distribution.

Company Fundamentals
04 Sep 2026
Andrew Wynn
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Bullish
KNOT Offshore Partners posts strong Q2 earnings with 96.8% fleet utilization and $0.075/unit distribution.

KNOT Offshore Partners LP reported strong Q2 2026 results, beating analyst expectations with an EPS of $0.10 versus an estimated loss of $0.03 and revenue of $96.78 million exceeding forecasts. The company maintained a high shuttle tanker fleet utilization rate of 96.8%, contributing to an operating income of $15.6 million and Adjusted EBITDA of $57.6 million. It also expanded its fleet by acquiring the Hedda Knutsen and declared a cash distribution of $0.075 per common unit, supported by robust liquidity of $143.3 million. These results highlight KNOT's operational efficiency and strategic growth in the niche crude oil transport sector.

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