Rates
Why is there no dividend estimate yet?
This page prices a fleet, takes off its cash costs and debt service, and measures what is left against the payout. The step it cannot take today: no market rate series or issuer guidance prices this fleet's vessel classes. An issuer-guided fleet rate, or a market series covering the classes, would let us estimate it.
What is on file:
- 20-vessel fleet —
- 11 declared distributions on file, latest $0.075
Every company's position on the modelling chain, and what each page can and cannot answer yet: coverage.
Before the Q3 2026 results
The quarter ended 30 September 2026; no results date is announced. Figures as of 12 November 2026, each from its own source. Rates here are the fleet TCE (time-charter equivalent: what a ship earns per day after voyage costs).
| Measure | Figure | Source and date |
|---|---|---|
| Company booked | not disclosed | no booked share for 2026Q3 is on file |
| Our rate estimate for the whole quarter, as saved | none frozen | no weekly forecast for 2026Q3 was frozen before the company's first print of it |
| Market rate now | not shown | this fleet's classes are not in the rate series this page charts |
| Last quarter reported | declared $0.075 (2026Q2) | the company's 2026Q2 results |
Earnings to dividend
Next-quarter fleet TCE: — (shuttle: no market proxy prices this class and no issuer guidance on file -> class estimate stays dark)
How we got the number
History and track record
How has it paid? dividend per share, declared · model
Dividend history
| Period | DPS | Kind | Pay date | Source |
|---|---|---|---|---|
| 2026Q2 | $0.075/share | regular | 2026-08-13 | distribution note source |
| 2026Q1 | $0.05/share | regular | 2026-05-14 | distribution note source |
| 2025Q4 | $0.026/share | regular | 2026-02-05 | distribution note source |
| 2025Q3 | $0.026/share | regular | 2025-11-06 | distribution note source |
| 2025Q2 | $0.026/share | regular | 2025-08-07 | distribution note source |
| 2025Q1 | $0.026/share | regular | 2025-05-08 | distribution note source |
| 2024Q4 | $0.026/share | regular | 2025-02-06 | distribution note source |
| 2024Q3 | $0.026/share | regular | 2024-11-07 | distribution note source |
How good have our forecasts been? track record, model vs anchor
Not yet scored: no forecast for KNOT Offshore Partners was frozen before a reported outcome.
Each quarter scores the last weekly forecast frozen before the results or the dividend were published, beside the anchor: a simple estimate from the company's own booked rate and payout ratio (how it is built). Every company, by dividend path.
How have rates, the dividend and the price moved? market context
Dividend — declared
Solid bars are declared distributions.
Fleet and costs
What has the company reported? financials and fleet
Latest quarter 2026Q2
20× Shuttle fleet now
Fleet, ship by ship
No ship-by-ship fleet list is on file for KNOT Offshore Partners.
Fleet model — 2026Q3
Fleet model estimate, not issuer guidance.
| Class | Ships | TC | Spot | Booked share | Booked $/day | Open-day rate $/day | Fleet TCE $/day | Vessel-days | Rev $M |
|---|---|---|---|---|---|---|---|---|---|
| Shuttle | 20 | — | — | — | — | — | — | 1,840 | — |
| Total | 20 | — | 1,840 | — | |||||
Current quarter — 2026Q4 (Oct–Dec)
43/92 days elapsed (47%)
| Class | Ships | TC | Spot | Booked share | Booked $/day | Market rate for 2026Q4, $/day | vs booked | Fleet TCE $/day | Rev $M |
|---|---|---|---|---|---|---|---|---|---|
| Shuttle | 20 | — | — | — | — | — | — | — | — |
| Total | 20 | — | — | ||||||
Profit statement highlights
| Line | 2026Q2 | 2025Q2 | Change vs a year earlier |
|---|---|---|---|
| Revenue | $96.8M | $87.1M | +11.2% |
| Opex | $36.4M | $64.9M | -43.8% |
| Net income | $1.7M | $6.8M | -74.9% |
Full P&L grid — 6 quarters
| Line item | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 | 2025Q1 |
|---|---|---|---|---|---|---|
| Revenue $M | 96.8 | — | — | — | 87.1 | — |
| Voyage expenses $M | 1.0 | — | — | — | — | — |
| Vessel opex $M | 36.4 | — | — | — | 64.9 | — |
| G&A $M | 1.7 | — | — | — | — | — |
| Depreciation $M | 42.1 | — | — | — | — | — |
| Interest expense, gross $M | 13.8 | — | — | — | 15.3 | — |
| Net income $M | 1.7 | — | — | — | 6.8 | — |
| Declared DPS | 0.075 | 0.05 | 0.026 | 0.026 | 0.026 | 0.026 |
Filed statements — SEC EDGAR company facts — 47 periods
| Line | FY2011 | FY2012 | 2013Q2 | H1 2013 | FY2013 | 2014Q2 | H1 2014 | FY2014 | 2015Q2 | H1 2015 | 2015Q3 | 2015Q4 | FY2015 | 2016Q2 | H1 2016 | 2016Q3 | 2016Q4 | FY2016 | 2017Q2 | H1 2017 | FY2017 | 2018Q2 | H1 2018 | FY2018 | 2019Q2 | H1 2019 | FY2019 | 2020Q2 | H1 2020 | FY2020 | 2021Q2 | H1 2021 | FY2021 | 2022Q2 | H1 2022 | FY2022 | 2023Q2 | H1 2023 | FY2023 | 2024Q2 | H1 2024 | FY2024 | 2025Q2 | H1 2025 | FY2025 | 2026Q2 | H1 2026 | Change vs a year earlier |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 43.9 | 65.7 | 17.3 | 30.7 | 73.4 | 22.1 | 43.9 | 112.8 | 37.0 | 73.2 | 39.3 | 42.5 | 155.0 | 43.1 | 85.1 | 43.6 | 45.0 | 173.7 | 54.4 | 99.4 | 219.2 | 69.8 | 137.8 | 279.5 | 70.9 | 141.5 | 282.6 | 70.3 | 138.1 | 279.2 | 70.9 | 142.4 | 281.1 | 64.0 | 129.2 | 268.6 | 73.8 | 145.0 | 290.7 | 74.4 | 151.1 | 318.6 | 87.1 | 171.1 | 364.4 | 96.8 | 188.8 | +11.1% |
| Operating income | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 72.9 | — | 45.6 | 84.6 | — | — | +16.0% |
| Operating expenses | 30.6 | 39.0 | 9.9 | 20.1 | 43.4 | 12.6 | 25.0 | 62.5 | 25.9 | 45.2 | 19.5 | 22.2 | 86.9 | 22.8 | 45.7 | 22.4 | 23.4 | 91.5 | 28.3 | 55.8 | 123.8 | 37.7 | 73.8 | 150.8 | 39.0 | 77.2 | 154.8 | 36.9 | 76.3 | 156.1 | 72.1 | 116.0 | 207.6 | 50.5 | 98.2 | 202.4 | 105.0 | 158.6 | 265.6 | 73.1 | 130.0 | 246.4 | 64.9 | 126.8 | 281.1 | 81.2 | 158.5 | +25.1% |
| Net result | -16.3 | 0.7 | 4.0 | 0.8 | 15.1 | 2.5 | 8.9 | 27.4 | 6.9 | 14.1 | 8.8 | 17.5 | 40.4 | 11.6 | 22.2 | 19.4 | 19.5 | 61.1 | 16.9 | 28.3 | 68.1 | 21.7 | 52.4 | 82.2 | 8.2 | 21.0 | 59.0 | 21.7 | 15.5 | 65.2 | -10.9 | 17.2 | 53.9 | 9.9 | 36.7 | 58.7 | -40.4 | -41.7 | -34.3 | -12.9 | -5.4 | 14.1 | 6.8 | 14.4 | 23.3 | 3.4 | 6.0 | -50.0% |
| Declared DPS | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 0.03 | — | — | 0.026 | — | — | 0.075 | — | — |
Full P&L grid — 4 lines × 47 periods
| Line item | FY2011 | FY2012 | Q2 2013 | H1 2013 | FY2013 | Q2 2014 | H1 2014 | FY2014 | Q2 2015 | H1 2015 | Q3 2015 | Q4 2015 | FY2015 | Q2 2016 | H1 2016 | Q3 2016 | Q4 2016 | FY2016 | Q2 2017 | H1 2017 | FY2017 | Q2 2018 | H1 2018 | FY2018 | Q2 2019 | H1 2019 | FY2019 | Q2 2020 | H1 2020 | FY2020 | Q2 2021 | H1 2021 | FY2021 | Q2 2022 | H1 2022 | FY2022 | Q2 2023 | H1 2023 | FY2023 | Q2 2024 | H1 2024 | FY2024 | Q2 2025 | H1 2025 | FY2025 | Q2 2026 | H1 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating revenues | 43.9 | 65.7 | 17.3 | 30.7 | 73.4 | 22.1 | 43.9 | 112.8 | 37.0 | 73.2 | 39.3 | 42.5 | 155.0 | 43.1 | 85.1 | 43.6 | 45.0 | 173.7 | 54.4 | 99.4 | 219.2 | 69.8 | 137.8 | 279.5 | 70.9 | 141.5 | 282.6 | 70.3 | 138.1 | 279.2 | 70.9 | 142.4 | 281.1 | 64.0 | 129.2 | 268.6 | 73.8 | 145.0 | 290.7 | 74.4 | 151.1 | 318.6 | 87.1 | 171.1 | 364.4 | 96.8 | 188.8 |
| Operating expenses | 30.6 | 39.0 | 9.9 | 20.1 | 43.4 | 12.6 | 25.0 | 62.5 | 25.9 | 45.2 | 19.5 | 22.2 | 86.9 | 22.8 | 45.7 | 22.4 | 23.4 | 91.5 | 28.3 | 55.8 | 123.8 | 37.7 | 73.8 | 150.8 | 39.0 | 77.2 | 154.8 | 36.9 | 76.3 | 156.1 | 72.1 | 116.0 | 207.6 | 50.5 | 98.2 | 202.4 | 105.0 | 158.6 | 265.6 | 73.1 | 130.0 | 246.4 | 64.9 | 126.8 | 281.1 | 81.2 | 158.5 |
| Operating income | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 72.9 | — | 45.6 | 84.6 | — | — |
| Profit for the period | -16.3 | 0.7 | 4.0 | 0.8 | 15.1 | 2.5 | 8.9 | 27.4 | 6.9 | 14.1 | 8.8 | 17.5 | 40.4 | 11.6 | 22.2 | 19.4 | 19.5 | 61.1 | 16.9 | 28.3 | 68.1 | 21.7 | 52.4 | 82.2 | 8.2 | 21.0 | 59.0 | 21.7 | 15.5 | 65.2 | -10.9 | 17.2 | 53.9 | 9.9 | 36.7 | 58.7 | -40.4 | -41.7 | -34.3 | -12.9 | -5.4 | 14.1 | 6.8 | 14.4 | 23.3 | 3.4 | 6.0 |
Sources
What has the company said? guidance and sources
Sources — press, filings & documents (57)
Press & filings by quarter — the quarter a document reports on (as its title names it; an unnamed results release, the quarter before it was filed); anything else, the quarter it was published
| Quarter | Report | Presentation | Dividend | Other |
|---|---|---|---|---|
| 2026Q3 | 6-K, 6-K exhibit | — | — | — |
| 2026Q2 | 6-K, 6-K exhibit, 20-F | — | — | — |
| 2026Q1 | 6-K, 6-K exhibit | — | — | — |
| 2025Q4 | 6-K, 6-K exhibit, FORM 6-K, FORM 6-K exhibit | — | — | — |
| 2025Q3 | 6-K, 6-K exhibit | — | — | — |
| 2025Q2 | 6-K, 6-K exhibit | — | — | — |
| 2025Q1 | 20-F, 6-K, 6-K exhibit, FORM 6-K, FORM 6-K exhibit | — | — | — |
| 2024Q4 | FORM 6-K, FORM 6-K exhibit | — | — | — |
| 2024Q3 | FORM 6-K, FORM 6-K exhibit | — | — | — |
| 2024Q2 | FORM 6-K, FORM 6-K exhibit, FORM 20-F | — | — | — |
| 2024Q1 | FORM 6-K, FORM 6-K exhibit | — | — | — |
Recent documents
- edgar 2026-09-09 6-K — Current Report (2026-09-09) summary
- edgar 2026-09-03 6-K — Current Report (2026-09-03) summary
- edgar 2026-09-03 6-K exhibit (2026-09-03) summary
- edgar 2026-08-26 6-K — Current Report (2026-08-26) summary
- edgar 2026-08-26 6-K exhibit (2026-08-26) summary
- edgar 2026-06-10 6-K — Current Report (2026-06-10) summary
- edgar 2026-06-10 6-K exhibit (2026-06-10) summary
- edgar 2026-05-28 6-K — Current Report (2026-05-28) summary
- edgar 2026-05-28 6-K exhibit (2026-05-28) summary
- edgar 2026-04-17 20-F — Annual Report (2026-04-17) summary
- edgar 2026-03-25 6-K — Current Report (2026-03-25) summary
- edgar 2026-03-25 6-K exhibit (2026-03-25) summary