Shuttle tanker firm Knot Offshore Q2 revenue beats estimates

KNOT Offshore Partners LP

25/09/2025 21:22

Overview

Knot Offshore Q2 revenue of $87.1 mln beats analyst expectations, per LSEG data

Net income for Q2 at $6.8 mln, surpassing analyst estimates, per LSEG data

Operating income of $22.2 mln missed analyst expectations, per LSEG data

Outlook

Company expects shuttle tanker demand to outpace supply growth

KNOT Offshore sees tightening shuttle tanker market in Brazil

Company anticipates favorable long-term shuttle tanker market conditions

KNOT Offshore plans to secure long-term charters for stable cashflows

Result Drivers

FLEET UTILIZATION - Achieved 100% utilization for scheduled operations in Q2 2025, with 96.8% utilization including drydockings

CHARTER EXTENSIONS - Secured 100% charter coverage for H2 2025 and approximately 89% for 2026, aided by new contracts with Equinor and Repsol Sinopec

BRAZILIAN MARKET GROWTH - New production start-ups in Brazil's pre-salt fields outpaced Petrobras’s schedule, contributing to a tightening shuttle tanker market

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$87.10 mln
$81.10 mln (3 Analysts)
Q2 Net Income
Beat
$6.80 mln
$6.14 mln (3 Analysts)
Q2 Operating Income
Miss
$22.20 mln
$30.80 mln (3 Analysts)
Q2 Vessel Operating Expenses
$33 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "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 $12.00, about 22.3% above its September 24 closing price of $9.33

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nBw37ZyM5a

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)