KNOT Offshore Partners (KNOP) Operating Expenses (2012 - 2026)
KNOT Offshore Partners (KNOP) recorded quarterly Operating Expenses of $77.3 million in Q1 2026, down 12.27% quarter-over-quarter from $88.1 million in Q4 2025, and up 24.83% on a YoY basis from $61.9 million in Q1 2025.
KNOT Offshore Partners (KNOP) Operating Expenses (2012 - 2026) Analysis & Trends
KNOT Offshore Partners' Operating Expenses history runs 15 years deep, the most recent figure standing at $77.3 million for Q1 2026.
- In Q1 2026, Operating Expenses rose 24.83% year-over-year to $77.3 million; the TTM figure through Mar 2026 stood at $296.5 million (up 17.94% YoY), while the FY2025 annual figure was $281.1 million, up 14.1% from the prior year.
- Operating Expenses was $77.3 million for Q1 2026 at KNOT Offshore Partners, down from $88.1 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $105.0 million in Q2 2023 to a low of $47.7 million in Q1 2022.
- Historically, Operating Expenses has averaged $63.1 million across 5 years, with a median of $56.9 million in 2024.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses jumped 107.95% in 2023, then plunged 30.41% in 2024.
- A 5-year view of Operating Expenses shows it stood at $52.0 million in 2022, then gained by 5.58% to $54.9 million in 2023, then rose by 3.03% to $56.6 million in 2024, then surged by 55.72% to $88.1 million in 2025, then slipped by 12.27% to $77.3 million in 2026.
- The last three Operating Expenses figures came in at $77.3 million (Q1 2026), $88.1 million (Q4 2025), and $66.2 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | 13.95 Bn |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 12.50 Bn |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 3.38 Bn |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 1.70 Bn |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | -93.35 Mn |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 1.82 Bn |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | 333.70 Mn |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 7.00 Mn |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 915.00 Mn |
| 10 | KNOT Offshore Partners | 2.51 Mn | -88.75 Mn | 56.27 Mn | 77.31 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 77.31 Mn |
| Dec 31, 2025 | 88.12 Mn |
| Sep 30, 2025 | 66.20 Mn |
| Jun 30, 2025 | 64.88 Mn |
| Mar 31, 2025 | 61.94 Mn |
| Dec 31, 2024 | 56.59 Mn |
| Sep 30, 2024 | 59.78 Mn |
| Jun 30, 2024 | 73.09 Mn |
| Mar 31, 2024 | 56.92 Mn |
| Dec 31, 2023 | 54.93 Mn |
| Sep 30, 2023 | 52.09 Mn |
| Jun 30, 2023 | 105.04 Mn |
| Mar 31, 2023 | 53.52 Mn |
| Dec 31, 2022 | 52.03 Mn |
| Sep 30, 2022 | 52.13 Mn |
| Jun 30, 2022 | 50.51 Mn |
| Mar 31, 2022 | 47.70 Mn |
| Dec 31, 2021 | 46.11 Mn |
| Sep 30, 2021 | 45.45 Mn |
| Jun 30, 2021 | 72.14 Mn |