Oil tanker operator Knot Offshore's Q3 revenue beats estimates, partly helped by  high fleet utilization

Overview

• Knot Offshore Partners Q3 2025 revenue of $96.9 mln beats analyst expectations

• Net income for Q3 2025 increased to $15.1 mln from Q2 2025

Outlook

• Knot Offshore anticipates a tightening shuttle tanker market in Brazil due to new production

• Company expects 100% charter coverage for Q4 2025 and 93% for 2026

Result Drivers

• DAQING KNUTSEN ACQUISITION - Revenue increase attributed to addition of Daqing Knutsen to fleet

• HIGH FLEET UTILIZATION - Fleet operated at 99.87% utilization for scheduled operations, 96.49% including drydockings

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the oil & gas transportation services peer group is "buy"

• Wall Street's median 12-month price target for Knot Offshore Partners LP is $10.00, about 0.3% below its December 3 closing price of $10.03

• The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nBw8g7zV8a

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