KNOT Offshore Partners (KNOP) Operating Expenses (2012 - 2026)
KNOT Offshore Partners' (KNOP) quarterly Operating Expenses came in at $77.3 million in Q1 2026, up 24.83% year-on-year from $61.9 million in Q1 2025, and down 12.27% quarter-over-quarter from $88.1 million in Q4 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.
- On a quarterly basis, Operating Expenses rose 24.83% year-over-year to $77.3 million in Q1 2026; TTM through Mar 2026 was $296.5 million, a 17.94% increase from a year earlier, with the FY2025 full-year figure at $62.0 million, down 74.82% from the prior year.
- Operating Expenses slipped to $77.3 million in Q1 2026 per KNOP's latest filing, from $88.1 million in the prior quarter.
- Across five years, Operating Expenses topped out at $105.0 million in Q2 2023 and bottomed at $47.7 million in Q1 2022.
- The 5-year median for Operating Expenses is $56.9 million (2024), against an average of $63.1 million.
- Across the five-year window, Operating Expenses soared 107.95% in 2023 and plunged 30.41% in 2024, its largest moves.
- Year by year, Operating Expenses 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.
- Per Business Quant, the three latest KNOP Operating Expenses figures stand at $77.3 million (Q1 2026), $88.1 million (Q4 2025), and $66.2 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 78.81 Mn |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | -21.81 Mn |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 3.13 Bn |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 13.95 Bn |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 12.50 Bn |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 915.00 Mn |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 24.79 Bn |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 333.70 Mn |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 7.00 Mn |
| 10 | KNOT Offshore Partners | 355.09 Mn | 262.43 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 |