Welcome to our dedicated page for Knot Offshore Partners Lp SEC filings (Ticker: KNOP), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
KNOT Offshore Partners LP filings document a foreign private issuer that owns, operates and acquires shuttle tankers under long-term charters in Brazil and the North Sea. The Partnership files Form 6-K current reports and Form 20-F annual reports, with disclosures covering fleet operating results, vessel utilization, impairments, liquidity, secured debt facilities, quarterly distributions, and common-unit repurchase authorization.
Its regulatory record also includes proxy and annual meeting materials for limited partners, registration-statement references on Form F-3, and governance disclosures involving the board, conflicts committee processes and public common units. The filings describe the Partnership’s master limited partnership structure, NYSE-traded common units, Series A Convertible Preferred Units, U.S. tax reporting treatment and risk-related forward-looking statements.
Astaris Capital Management and affiliates filed Amendment No. 3 to a Schedule 13D disclosing beneficial ownership of 2,695,018 common units of KNOT Offshore Partners LP, representing 8.0% of the outstanding units. The units are held by advisory clients of Astaris Capital Management LLP, with Astaris and Martin Beck sharing voting and dispositive power.
The filing notes this reflects an increase of over 1% in beneficial ownership. It also references a non‑binding offer delivered on October 31, 2025 by Knutsen NYK Offshore Tankers AS to acquire all KNOT Offshore Partners common units not already owned by it for cash. The reporting persons state their holdings are for investment purposes and that they may buy more, sell, or engage with the board and other shareholders regarding the offer and broader strategic and governance matters.
KNOT Offshore Partners LP director-related entity reports a significant preferred unit purchase. An entity associated with director Trygve Seglem, Knutsen NYK Offshore Tankers AS, bought 1,250,000 Series A Preferred Units at $20.00 per unit in an open-market or private transaction, bringing its indirect holdings in this series to 1,458,333 units.
The filing also lists indirect positions in other classes: 252,405 Class B Units, 90,368 common units held by KNOT Offshore Partners GP LLC, and 9,661,255 common units held by Knutsen NYK Offshore Tankers AS. Seglem disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.
Knutsen NYK Offshore Tankers AS and affiliated entities report beneficial ownership of 11,501,486 common units of KNOT Offshore Partners LP, representing 32.5% of the common units outstanding as of March 31, 2026. This stake includes 1,749,862 common units issuable from 1,458,333 Series A Preferred Units.
On June 15, 2026, Knutsen NYK Offshore Tankers AS purchased 1,250,000 Series A Preferred Units from Pierfront Capital Mezzanine Fund Pte. Ltd. at $20.00 per unit, for a total of $25.0 million in cash, using available cash on hand. The group also holds Class B Units that can convert into common units when distribution thresholds are met.
Through ownership of the general partner, Knutsen NYK Offshore Tankers AS can designate the board of the general partner, which appoints three of seven directors of the partnership, giving the reporting persons significant influence. The partnership agreement provides registration rights, voting restrictions for large holders, and a limited call right if the general partner and affiliates exceed 80% ownership.
KNOT Offshore Partners LP updated its vessel acquisition schedule with respect to tankers that can be purchased from its sponsor, Knutsen NYK Offshore Tankers AS. Earlier in June, the sponsor offered KNOP the shuttle tankers Frida Knutsen, Sindre Knutsen and Hedda Knutsen under an existing omnibus agreement.
The Conflicts Committee of the Board, composed solely of directors unaffiliated with the sponsor, decided not to pursue negotiations for the Frida Knutsen and Sindre Knutsen because they operate in the North Sea without long-term fixed or guaranteed charters that fit KNOP’s business model. The sponsor is no longer obliged to offer these two vessels again unless either secures a fixed charter of at least five years. The Conflicts Committee is continuing negotiations with the sponsor regarding the Hedda Knutsen.
KNOT Offshore Partners LP reported Q1 2026 results, generating total revenues of $92.0 million and net income of $2.6 million, with operating income of $14.7 million. Adjusted EBITDA was $56.5 million, supporting cash flow generation from its shuttle tanker fleet.
Fleet performance remained strong, with 97.2% operational uptime from scheduled operations and 92.0% utilization including drydockings. As of this release, the Partnership is fully chartered for the first half of 2026, about 97% covered for the second half of 2026, and about 81% for 2027, after scheduled drydockings.
Liquidity at March 31, 2026 totaled $140.7 million, including $92.7 million of cash and $48.0 million of revolving credit capacity, against total interest-bearing obligations of $932.8 million. The Partnership also had $857.9 million of remaining contracted forward revenue and an average fixed charter duration of 2.4 years, with additional extension options.
KNOT Offshore Partners files its annual Form 20-F, outlining a highly leveraged shuttle tanker business facing refinancing and operational risks. The partnership operates 19 shuttle tankers and had consolidated debt of about $959.6 million as of December 31, 2025, with approximately $383.1 million due for repayment or refinancing in 2026 and only $48.0 million undrawn on revolving credit facilities.
The filing highlights reduced but recently increased common unit distributions, from $0.026 per unit in Q4 2022 to $0.05 per unit on April 7, 2026, and notes priority distributions to 3,541,666 Series A Preferred Units. Cash flows are pressured by large drydocking needs, including six scheduled drydockings in 2026 with at least 293 off-hire days.
Revenue is concentrated among a small group of oil majors, with six customers accounting for around 82% of 2025 revenues, and several vessel charters expiring in 2026–2027. The report details exposure to inflation, supply chain disruption, climate regulation, sanctions, cyber risk and ESG-driven capital constraints, any of which could further strain liquidity and limit future distributions.
KNOT Offshore Partners LP director and 10% owner Trygve Seglem filed an initial ownership report showing indirect holdings of the partnership’s units through affiliated entities. The filing lists 9,661,255 common units and 208,333 Series A preferred units held indirectly by Knutsen NYK Offshore Tankers AS, plus 252,405 Class B units. It also notes 90,368 common units held indirectly by KNOT Offshore Partners GP LLC, which is wholly owned by Knutsen NYK Offshore Tankers AS. The report explains the joint-venture and family ownership chain and states that Seglem disclaims beneficial ownership of the securities except to the extent of his pecuniary interest.
KNOT Offshore Partners LP reported preliminary unaudited results for Q4 and full-year 2025 alongside a market and strategic update. For 2025, total revenues were $364.4M, up from $318.6M in 2024, with net income rising to $23.3M from $14.1M. Adjusted EBITDA increased to $224.6M from $201.1M, reflecting stronger underlying operations. Q4 2025 showed total revenues of $96.5M and a net loss of $6.2M, mainly due to a vessel impairment charge of $20.3M. As of December 31, 2025, the Partnership held $137.0M of liquidity and total interest-bearing obligations of $959.6M, with scheduled repayments concentrated in 2026–2028. Contracted forward revenue was $929.8M, with an average remaining fixed charter duration of 2.6 years and 4.1 years of extension options. Charter coverage was approximately 98% for the first half of 2026 and 88% for the second half. Management highlighted tightening shuttle tanker markets in Brazil and the North Sea and confirmed that discussions over the proposed $10-per-unit take-private offer from KNOT ended on March 19, 2026.
KNOT Offshore Partners LP’s major owners have updated their holdings and plans in this Schedule 13D amendment. Knutsen NYK Offshore Tankers AS and its affiliated reporting persons beneficially own 9,997,518 common units, or 29.3% of the 34,064,602 common units outstanding as of November 6, 2025, including 245,895 units issuable from 208,333 Series A preferred units as of September 30, 2025.
KNOT also holds a 1.83% general partner interest, remaining Class B units and the right to designate the board of the general partner, which appoints three of seven partnership directors. The filing’s key development is that, on March 19, 2026, discussions over KNOT’s non-binding October 31, 2025 proposal to acquire all remaining common units for cash were terminated, so no take-private transaction is proceeding. The reporting group states it may still buy or sell additional securities over time, using various methods allowed under existing partnership agreements, which also include a limited call right if the general partner and affiliates ever exceed 80% ownership.
KNOT Offshore Partners LP reports that discussions about a proposed buyout offer from Knutsen NYK Offshore Tankers AS to acquire all publicly held common units for cash have been terminated. The offer was unsolicited and non-binding.
A Conflicts Committee of non-KNOT-affiliated directors, supported by independent financial and legal advisors, evaluated the proposal and held several discussions with KNOT. After this review, both sides concluded they could not reach an agreement and ended talks, so the Partnership will continue as a standalone publicly traded entity.