KNOT Offshore Partners (KNOP) Operating Margin (2012 - 2026)

KNOT Offshore Partners (KNOP) recorded quarterly Operating Margin of 16.47% in Q1 2026, up 88.9% quarter-over-quarter from 8.72% in Q4 2025, and down 1177.0% on a YoY basis from 1.53% in Q1 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.

  • In Q1 2026, Operating Margin fell 1177.0% year-over-year to 16.47%; the TTM figure through Mar 2026 stood at 20.66% (down 348.0% YoY), while the FY2025 annual figure was 23.23%, up 34.0% from the prior year.
  • Operating Margin was 16.47% for Q1 2026 at KNOT Offshore Partners, up from 8.72% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 41.06% in Q4 2024 to a low of 42.28% in Q2 2023.
  • Historically, Operating Margin has averaged 20.21% across 5 years, with a median of 25.82% in 2025.
  • The sharpest annual moves came in 2023 and 2024: Operating Margin tumbled 6331 bps in 2023, then jumped 4407 bps in 2024.
  • A 5-year view of Operating Margin shows it 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 sank by 79 bps to 8.72% in 2025, then jumped by 89 bps to 16.47% in 2026.
  • The last three Operating Margin figures came in at 16.47% (Q1 2026), 8.72% (Q4 2025), and 31.83% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Enbridge 88.33 Bn 89.03 Bn 6.70 Bn 14.43%
2 Enterprise Products Partners 80.83 Bn 79.68 Bn - 13.17%
3 Kinder Morgan 69.66 Bn 70.75 Bn 3.08 Bn 29.91%
4 Energy Transfer 65.60 Bn 64.88 Bn 6.62 Bn 10.74%
5 Scorpio Tankers 59.17 Bn 58.19 Bn - -
6 Mplx 57.43 Bn 55.92 Bn 2.54 Bn 39.96%
7 Targa Resources 56.68 Bn 56.71 Bn 1.70 Bn 20.68%
8 Oneok 55.34 Bn 55.21 Bn 2.57 Bn 14.85%
9 Tc Energy 50.79 Bn 51.99 Bn 2.95 Bn 68.07%
10 KNOT Offshore Partners 2.51 Mn -88.75 Mn 56.27 Mn 16.47%

Historic Data

Download Data
DateValue
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%