KNOT Offshore Partners (NYSE:KNOP) reported first-quarter 2026 net income of $2.6 million as management pointed to strong vessel utilization, improved liquidity and additional charter coverage across its shuttle tanker fleet.
Chief Executive and Chief Financial Officer Derek Lowe said on the company’s earnings call that revenue for the quarter totaled $92 million, while operating income was $14.7 million. Adjusted EBITDA was $56.5 million. Lowe said available liquidity stood at $140.7 million as of March 31, consisting of $92.7 million in cash and cash equivalents and $48 million of undrawn capacity. That was $3.7 million higher than at the end of 2025.
