KNOT Offshore Partners (KNOP) Operating Margin (2012 - 2026)
KNOT Offshore Partners' (KNOP) quarterly Operating Margin came in at 16.47% in Q1 2026, down 1177.0% year-on-year from 1.53% in Q1 2025, and up 88.9% quarter-over-quarter from 8.72% in Q4 2025.
KNOT Offshore Partners (KNOP) Operating Margin (2012 - 2026) Analysis & Trends
KNOT Offshore Partners' Operating Margin history runs 15 years deep, the most recent figure standing at 16.47% for Q1 2026.
- On a quarterly basis, Operating Margin fell 1177.0% year-over-year to 16.47% in Q1 2026; TTM through Mar 2026 was 20.66%, a 348.0% decrease from a year earlier, with the FY2025 full-year figure at 23.23%, up 34.0% from the prior year.
- Operating Margin advanced to 16.47% in Q1 2026 per KNOP's latest filing, from 8.72% in the prior quarter.
- Across five years, Operating Margin topped out at 41.06% in Q4 2024 and bottomed at 42.28% in Q2 2023.
- The 5-year median for Operating Margin is 25.82% (2025), against an average of 20.21%.
- Across the five-year window, Operating Margin tumbled 6331 bps in 2023 and soared 4407 bps in 2024, its largest moves.
- Year by year, Operating Margin stood at 29.64% in 2022, then retreated by 15 bps to 25.13% in 2023, then jumped by 63 bps to 41.06% in 2024, then tumbled by 79 bps to 8.72% in 2025, then jumped by 89 bps to 16.47% in 2026.
- Per Business Quant, the three latest KNOP Operating Margin figures stand at 16.47% (Q1 2026), 8.72% (Q4 2025), and 31.83% (Q3 2025).
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 90.00% |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | 103.91% |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 30.06% |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 14.43% |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 13.17% |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 31.60% |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 10.74% |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 20.68% |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 14.85% |
| 10 | KNOT Offshore Partners | 355.09 Mn | 262.43 Mn | 56.27 Mn | 16.47% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 16.47% |
| Dec 31, 2025 | 8.72% |
| Sep 30, 2025 | 31.83% |
| Jun 30, 2025 | 25.82% |
| Mar 31, 2025 | 28.24% |
| Dec 31, 2024 | 41.06% |
| Sep 30, 2024 | 22.75% |
| Jun 30, 2024 | 1.78% |
| Mar 31, 2024 | 26.87% |
| Dec 31, 2023 | 25.13% |
| Sep 30, 2023 | 28.52% |
| Jun 30, 2023 | -42.28% |
| Mar 31, 2023 | 28.06% |
| Dec 31, 2022 | 29.64% |
| Sep 30, 2022 | 23.16% |
| Jun 30, 2022 | 21.03% |
| Mar 31, 2022 | 26.85% |
| Dec 31, 2021 | 36.08% |
| Sep 30, 2021 | 31.74% |
| Jun 30, 2021 | -1.81% |