Knot Offshore Partners LP
NYSE:KNOP
Income Statement
Earnings Waterfall
Knot Offshore Partners LP
Income Statement
Knot Offshore Partners LP
| Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
9
|
8
|
11
|
11
|
12
|
13
|
15
|
17
|
17
|
17
|
17
|
18
|
19
|
20
|
21
|
22
|
24
|
27
|
31
|
35
|
40
|
46
|
50
|
53
|
54
|
53
|
51
|
48
|
43
|
37
|
32
|
29
|
27
|
28
|
28
|
27
|
29
|
34
|
43
|
53
|
63
|
69
|
72
|
72
|
71
|
69
|
67
|
0
|
0
|
0
|
|
| Revenue |
65
N/A
|
68
+4%
|
73
+8%
|
82
+11%
|
87
+6%
|
100
+16%
|
113
+12%
|
127
+13%
|
142
+12%
|
147
+4%
|
155
+5%
|
161
+4%
|
167
+4%
|
171
+3%
|
174
+1%
|
177
+2%
|
188
+6%
|
203
+8%
|
219
+8%
|
242
+11%
|
258
+6%
|
270
+5%
|
280
+3%
|
282
+1%
|
283
+0%
|
283
+0%
|
283
0%
|
280
-1%
|
279
0%
|
279
+0%
|
279
0%
|
283
+1%
|
284
+0%
|
279
-2%
|
281
+1%
|
275
-2%
|
268
-3%
|
269
+0%
|
269
0%
|
275
+2%
|
284
+4%
|
289
+2%
|
291
+0%
|
296
+2%
|
297
+0%
|
300
+1%
|
319
+6%
|
326
+2%
|
339
+4%
|
359
+6%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(11)
|
(13)
|
(14)
|
(16)
|
(17)
|
(21)
|
(24)
|
(26)
|
(29)
|
(27)
|
(28)
|
(28)
|
(29)
|
(31)
|
(31)
|
(34)
|
(35)
|
(39)
|
(47)
|
(50)
|
(54)
|
(58)
|
(57)
|
(58)
|
(59)
|
(59)
|
(60)
|
(61)
|
(59)
|
(61)
|
(61)
|
(64)
|
(68)
|
(69)
|
(72)
|
(74)
|
(79)
|
(85)
|
(89)
|
(93)
|
(95)
|
(96)
|
(99)
|
(103)
|
(105)
|
(112)
|
(112)
|
(116)
|
(122)
|
(126)
|
|
| Gross Profit |
54
N/A
|
55
+1%
|
59
+8%
|
66
+11%
|
69
+6%
|
79
+14%
|
89
+12%
|
101
+14%
|
113
+12%
|
120
+6%
|
128
+6%
|
132
+4%
|
138
+4%
|
140
+2%
|
143
+2%
|
143
+0%
|
153
+7%
|
163
+7%
|
173
+6%
|
193
+12%
|
203
+6%
|
212
+4%
|
223
+5%
|
224
+1%
|
224
0%
|
224
+0%
|
222
-1%
|
219
-2%
|
220
+1%
|
219
-1%
|
218
0%
|
219
+0%
|
215
-2%
|
210
-3%
|
209
0%
|
201
-4%
|
189
-6%
|
184
-2%
|
180
-3%
|
182
+1%
|
189
+4%
|
194
+2%
|
192
-1%
|
194
+1%
|
192
-1%
|
189
-2%
|
206
+9%
|
210
+2%
|
216
+3%
|
234
+8%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(29)
|
(29)
|
(29)
|
(29)
|
(31)
|
(35)
|
(39)
|
(43)
|
(48)
|
(50)
|
(53)
|
(62)
|
(58)
|
(59)
|
(61)
|
(63)
|
(67)
|
(71)
|
(77)
|
(83)
|
(88)
|
(92)
|
(94)
|
(95)
|
(95)
|
(95)
|
(95)
|
(95)
|
(95)
|
(95)
|
(95)
|
(97)
|
(98)
|
(102)
|
(106)
|
(138)
|
(111)
|
(112)
|
(114)
|
(115)
|
(118)
|
(117)
|
(117)
|
(166)
|
(116)
|
(117)
|
(118)
|
(119)
|
(121)
|
(124)
|
|
| Selling, General & Administrative |
(8)
|
(7)
|
(5)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(6)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(7)
|
(7)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
|
| Depreciation & Amortization |
(21)
|
(22)
|
(24)
|
(25)
|
(27)
|
(31)
|
(34)
|
(39)
|
(44)
|
(46)
|
(49)
|
(51)
|
(54)
|
(55)
|
(56)
|
(58)
|
(62)
|
(66)
|
(72)
|
(77)
|
(82)
|
(86)
|
(89)
|
(90)
|
(90)
|
(90)
|
(90)
|
(90)
|
(90)
|
(90)
|
(90)
|
(91)
|
(92)
|
(96)
|
(100)
|
(102)
|
(104)
|
(106)
|
(107)
|
(109)
|
(111)
|
(111)
|
(111)
|
(111)
|
(111)
|
(111)
|
(112)
|
(113)
|
(114)
|
(118)
|
|
| Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(6)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(29)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(49)
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Operating Income |
25
N/A
|
26
+1%
|
30
+17%
|
36
+20%
|
38
+6%
|
44
+16%
|
50
+13%
|
58
+15%
|
66
+13%
|
70
+7%
|
74
+6%
|
70
-5%
|
80
+13%
|
81
+2%
|
82
+2%
|
80
-2%
|
86
+7%
|
92
+6%
|
95
+4%
|
110
+15%
|
116
+5%
|
121
+4%
|
129
+7%
|
129
+0%
|
129
0%
|
130
+1%
|
128
-2%
|
124
-3%
|
125
+1%
|
124
-1%
|
123
0%
|
122
-1%
|
117
-4%
|
107
-8%
|
103
-4%
|
63
-38%
|
78
+23%
|
73
-7%
|
66
-9%
|
66
+0%
|
71
+8%
|
76
+7%
|
75
-2%
|
27
-63%
|
76
+177%
|
72
-5%
|
89
+23%
|
91
+2%
|
95
+5%
|
110
+15%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(15)
|
(11)
|
(10)
|
(10)
|
(14)
|
(14)
|
(22)
|
(29)
|
(27)
|
(35)
|
(27)
|
(26)
|
(30)
|
(21)
|
(20)
|
(17)
|
(18)
|
(22)
|
(26)
|
(21)
|
(22)
|
(27)
|
(45)
|
(64)
|
(77)
|
(85)
|
(68)
|
(83)
|
(71)
|
(59)
|
(57)
|
(22)
|
(20)
|
(21)
|
(18)
|
(9)
|
(3)
|
5
|
(6)
|
(35)
|
(41)
|
(54)
|
(63)
|
(56)
|
(61)
|
(69)
|
(58)
|
(61)
|
(62)
|
(57)
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(6)
|
(6)
|
(6)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(29)
|
(29)
|
(29)
|
0
|
0
|
0
|
0
|
0
|
(50)
|
(50)
|
(50)
|
0
|
(16)
|
(15)
|
(16)
|
(14)
|
2
|
1
|
|
| Total Other Income |
(3)
|
(3)
|
(2)
|
(1)
|
(2)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
|
| Pre-Tax Income |
7
N/A
|
12
+77%
|
18
+48%
|
25
+37%
|
23
-6%
|
29
+27%
|
27
-6%
|
28
+3%
|
33
+16%
|
29
-12%
|
40
+40%
|
44
+9%
|
49
+11%
|
59
+22%
|
61
+3%
|
62
+1%
|
67
+9%
|
69
+3%
|
68
-1%
|
87
+28%
|
92
+5%
|
92
0%
|
82
-11%
|
64
-22%
|
51
-21%
|
44
-13%
|
59
+34%
|
40
-32%
|
53
+34%
|
64
+20%
|
65
+1%
|
100
+53%
|
67
-33%
|
56
-17%
|
54
-2%
|
53
-2%
|
74
+39%
|
76
+3%
|
60
-22%
|
31
-48%
|
(19)
N/A
|
(28)
-46%
|
(39)
-37%
|
(30)
+23%
|
(2)
+92%
|
(13)
-434%
|
15
N/A
|
15
+1%
|
35
+134%
|
54
+54%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(4)
|
(3)
|
(3)
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
5
|
5
|
4
|
4
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
|
| Income from Continuing Operations |
2
|
9
|
15
|
25
|
23
|
29
|
27
|
28
|
33
|
29
|
40
|
44
|
49
|
59
|
61
|
62
|
67
|
69
|
68
|
87
|
92
|
92
|
82
|
64
|
51
|
44
|
59
|
40
|
53
|
64
|
65
|
100
|
67
|
55
|
54
|
53
|
73
|
76
|
59
|
31
|
(20)
|
(23)
|
(34)
|
(26)
|
2
|
(15)
|
14
|
14
|
34
|
53
|
|
| Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
(1)
|
(0)
|
(0)
|
1
|
1
|
0
|
0
|
(0)
|
(0)
|
(1)
|
(1)
|
|
| Net Income (Common) |
2
N/A
|
9
+256%
|
15
+75%
|
25
+63%
|
23
-6%
|
29
+27%
|
27
-7%
|
28
+3%
|
33
+16%
|
29
-12%
|
40
+40%
|
44
+9%
|
49
+11%
|
59
+22%
|
60
+1%
|
61
+1%
|
66
+9%
|
68
+3%
|
62
-9%
|
81
+31%
|
86
+6%
|
86
0%
|
74
-14%
|
56
-24%
|
42
-24%
|
35
-16%
|
51
+43%
|
32
-37%
|
45
+42%
|
56
+24%
|
57
+1%
|
91
+60%
|
59
-36%
|
47
-20%
|
46
-2%
|
45
-3%
|
66
+47%
|
68
+4%
|
51
-25%
|
21
-58%
|
(30)
N/A
|
(35)
-17%
|
(40)
-15%
|
(32)
+21%
|
(4)
+86%
|
(21)
-359%
|
7
N/A
|
8
+6%
|
27
+252%
|
45
+70%
|
|
| EPS (Diluted) |
0.14
N/A
|
0.5
+257%
|
0.88
+76%
|
1.43
+62%
|
1.34
-6%
|
1.32
-1%
|
1.39
+5%
|
1.25
-10%
|
1.36
+9%
|
1.05
-23%
|
1.6
+52%
|
1.61
+1%
|
1.78
+11%
|
2.17
+22%
|
2.2
+1%
|
2.05
-7%
|
2.22
+8%
|
2.27
+2%
|
1.88
-17%
|
2.47
+31%
|
2.62
+6%
|
2.61
0%
|
2.02
-23%
|
1.7
-16%
|
1.29
-24%
|
1.08
-16%
|
1.55
+44%
|
0.97
-37%
|
1.38
+42%
|
1.72
+25%
|
1.74
+1%
|
2.79
+60%
|
1.8
-35%
|
1.37
-24%
|
1.19
-13%
|
1.17
-2%
|
1.74
+49%
|
1.84
+6%
|
1.23
-33%
|
0.58
-53%
|
-0.85
N/A
|
-0.98
-15%
|
-1.12
-14%
|
-0.88
+21%
|
-0.13
+85%
|
-0.58
-346%
|
0.18
N/A
|
0.2
+11%
|
0.65
+225%
|
1.25
+92%
|
|