KNOT Offshore Partners LP
KNOT Offshore Partners LP acquires, owns, and operates shuttle tankers under long-term charters in the North Sea and Brazil. It provides loading, transportation, and discharge of crude oil under time charters and bareboat charters. The company was founded in 2013 and is headquartered in Aberdeen, the United Kingdom.
KNOT Offshore Partners LP (KNOP) - Net Assets
Latest net assets as of September 2025: $631.20 Million USD
Based on the latest financial reports, KNOT Offshore Partners LP (KNOP) has net assets worth $631.20 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.72 Billion) and total liabilities ($1.09 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $631.20 Million |
| % of Total Assets | 36.64% |
| Annual Growth Rate | 18.48% |
| 5-Year Change | -12.39% |
| 10-Year Change | 17.35% |
| Growth Volatility | 49.13 |
KNOT Offshore Partners LP - Net Assets Trend (2011–2024)
This chart illustrates how KNOT Offshore Partners LP's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for KNOT Offshore Partners LP (2011–2024)
The table below shows the annual net assets of KNOT Offshore Partners LP from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $611.13 Million | +0.60% |
| 2023-12-31 | $607.48 Million | -6.86% |
| 2022-12-31 | $652.21 Million | -3.09% |
| 2021-12-31 | $673.01 Million | -3.52% |
| 2020-12-31 | $697.55 Million | -1.98% |
| 2019-12-31 | $711.66 Million | -2.78% |
| 2018-12-31 | $732.04 Million | +0.39% |
| 2017-12-31 | $729.21 Million | +39.77% |
| 2016-12-31 | $521.71 Million | +0.18% |
| 2015-12-31 | $520.77 Million | +24.18% |
| 2014-12-31 | $419.37 Million | +48.75% |
| 2013-12-31 | $281.93 Million | +180.15% |
| 2012-12-31 | $100.63 Million | +49.37% |
| 2011-12-31 | $67.37 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to KNOT Offshore Partners LP's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $526.83 Million | 86.20% |
| Other Components | $84.31 Million | 13.80% |
| Total Equity | $611.13 Million | 100.00% |
KNOT Offshore Partners LP Competitors by Market Cap
The table below lists competitors of KNOT Offshore Partners LP ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nanyang Senba Optical and Electronic Co Ltd
SHE:300701
|
$223.68 Million |
|
Jiangsu Safety Wire Rope
SHG:603028
|
$223.69 Million |
|
XiAn Dagang Road Machinery Co
SHE:300103
|
$223.80 Million |
|
Farglory Life Insurance Co. Ltd.
TWO:5859
|
$223.91 Million |
|
Eik fasteignafélag hf
IC:EIK
|
$223.59 Million |
|
Hangzhou Todaytec Digital Co Ltd Class A
SHE:300743
|
$223.56 Million |
|
Precision Wires India Limited
NSE:PRECWIRE
|
$223.55 Million |
|
Huchems
KO:069260
|
$223.49 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in KNOT Offshore Partners LP's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 607,477,000 to 611,135,000, a change of 3,658,000 (0.6%).
- Net income of 14,065,000 contributed positively to equity growth.
- Dividend payments of 10,407,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $14.06 Million | +2.3% |
| Dividends Paid | $10.41 Million | -1.7% |
| Total Change | $- | 0.60% |
Book Value vs Market Value Analysis
This analysis compares KNOT Offshore Partners LP's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.57x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | $-1.81 | $10.13 | x |
| 2012-12-31 | $11.35 | $10.13 | x |
| 2013-12-31 | $16.45 | $10.13 | x |
| 2014-12-31 | $21.20 | $10.13 | x |
| 2015-12-31 | $20.61 | $10.13 | x |
| 2016-12-31 | $0.00 | $10.13 | x |
| 2017-12-31 | $22.39 | $10.13 | x |
| 2018-12-31 | $-11.11 | $10.13 | x |
| 2019-12-31 | $21.77 | $10.13 | x |
| 2020-12-31 | $21.34 | $10.13 | x |
| 2021-12-31 | $18.06 | $10.13 | x |
| 2022-12-31 | $17.01 | $10.13 | x |
| 2023-12-31 | $15.45 | $10.13 | x |
| 2024-12-31 | $17.82 | $10.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently KNOT Offshore Partners LP utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.30%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.50%
- • Asset Turnover: 0.20x
- • Equity Multiplier: 2.57x
- Recent ROE (2.30%) is below the historical average (109115.10%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 0.00% | -37.21% | 0.08x | 0.00x | $-13.23 Million |
| 2012 | 0.38% | 1.13% | 0.13x | 2.65x | $-18.70 Million |
| 2013 | 5.34% | 20.52% | 0.11x | 2.34x | $-13.13 Million |
| 2014 | 6.53% | 24.27% | 0.11x | 2.55x | $-14.54 Million |
| 2015 | 7.77% | 26.09% | 0.13x | 2.35x | $-11.63 Million |
| 2016 | 1527550.00% | 35.18% | 0.13x | 323068.75x | $61.10 Million |
| 2017 | 10.11% | 31.05% | 0.12x | 2.66x | $754.10K |
| 2018 | 0.00% | 29.40% | 0.15x | 0.00x | $118.50 Million |
| 2019 | 8.28% | 20.87% | 0.16x | 2.44x | $-12.21 Million |
| 2020 | 9.35% | 23.36% | 0.16x | 2.55x | $-4.53 Million |
| 2021 | 8.01% | 19.16% | 0.17x | 2.49x | $-13.43 Million |
| 2022 | 9.00% | 21.84% | 0.15x | 2.66x | $-6.55 Million |
| 2023 | -5.65% | -11.81% | 0.18x | 2.63x | $-95.08 Million |
| 2024 | 2.30% | 4.50% | 0.20x | 2.57x | $-47.05 Million |
Industry Comparison
This section compares KNOT Offshore Partners LP's net assets metrics with peer companies in the Oil & Gas Midstream industry.
Industry Context
- Industry: Oil & Gas Midstream
- Average net assets among peers: $1,230,397,219
- Average return on equity (ROE) among peers: 2202.95%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| KNOT Offshore Partners LP (KNOP) | $631.20 Million | 0.00% | 1.73x | $223.64 Million |
| Antero Midstream Partners LP (AM) | $142.86 Million | 0.00% | 0.21x | $7.58 Billion |
| AltaGas Ltd (ATGFF) | $2.83 Billion | 7.11% | 1.57x | $8.06 Billion |
| ATGPF (ATGPF) | $7.86 Billion | 8.56% | 1.98x | $4.11 Billion |
| Avance Gas Holding Ltd (AVACF) | $603.79 Million | 27.09% | 0.91x | $7.70K |
| CBL International Limited Ordinary Shares (BANL) | $12.11 Million | 30.42% | 1.11x | $3.17 Million |
| BP Prudhoe Bay Royalty Trust (BPT) | $863.00K | 22418.66% | 0.16x | $2.99 Million |
| Brooge Holdings Ltd (BROG) | $78.49 Million | 16.31% | 4.83x | $32.39 Million |
| Brooge Energy Limited (BROGW) | $56.77 Million | -85.14% | 7.56x | $5.67K |
| Willow Biosciences Inc (CANSF) | $1.10 Million | -405.25% | 0.17x | $2.85 Million |
| Cool Company Ltd (CLCO) | $715.51 Million | 11.75% | 1.88x | $145.96 Million |