KNOT Offshore Partners reported strong Q3 2025 results with revenue of $96.9 million and net income of $15.1 million, while also receiving a nonbinding acquisition offer from its sponsor at $10 per common unit.
- Revenues increased to $96.9 million with an adjusted EBITDA of $61.6 million.
- Maintained an impressive utilization rate of 99.9%, with liquidity rising to $125.2 million.
- Signed a significant extension with Equinor, securing contracts through March 2029 for the Bodil Knutsen.
- Implemented a buyback program, purchasing nearly 385,000 common units totaling over $3 million.
- Extended backlog to $963 million across fixed contracts, reflecting strong market demand driven by FPSO projects.
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