v3.25.2
Earnings per Unit and Cash Distributions - Calculations of Basic and Diluted Earnings per Unit (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Earnings per Unit and Cash Distributions        
Net income (loss) $ 6,810 $ (12,851) $ 14,391 [1] $ (5,413) [1]
Less: Series A Preferred unitholders' interest in net income (loss) 1,700 1,700 3,400 3,400
Net income (loss) attributable to the unitholders of KNOT Offshore Partners LP 5,110 (14,551) 10,991 (8,813)
Less: Distributions 901 901 1,803 1,803
Under (over) distributed earnings $ 4,209 $ (15,452) $ 9,188 $ (10,616)
Weighted average units outstanding (basic):        
General Partner 640 640 640 640
Weighted average units outstanding (diluted):        
General Partner 640 640 640 640
Earnings per unit (basic):        
General Partner $ 0.15 $ (0.42) $ 0.32 $ (0.25)
Earnings per unit (diluted):        
General Partner 0.15 (0.42) 0.32 (0.25)
Cash distributions declared and paid in the period per unit 0.03 0.03 0.05 0.05
Subsequent event: Cash distributions declared and paid per unit relating to the period $ 0.03 $ 0.03 $ 0.05 $ 0.05
Common Unitholders        
Earnings per Unit and Cash Distributions        
Net income (loss) attributable to the unitholders of KNOT Offshore Partners LP $ 5,015 $ (14,282) $ 10,788 $ (8,650)
Weighted average units outstanding (basic):        
Common unitholders 34,045 34,045 34,045 34,045
Weighted average units outstanding (diluted):        
Common unitholders 38,324 38,519 38,324 38,519
Earnings per unit (basic):        
Earnings per unit (basic) $ 0.15 $ (0.42) $ 0.32 $ (0.25)
Earnings per unit (diluted):        
Earnings per unit (diluted) $ 0.15 $ (0.42) $ 0.32 $ (0.25)
Class B Unitholders        
Weighted average units outstanding (basic):        
Class B unitholders 252 252 252 252
Weighted average units outstanding (diluted):        
Class B unitholders 252 252 252 252
Limited Partner | Common Unitholders        
Earnings per Unit and Cash Distributions        
Under (over) distributed earnings $ 4,130 $ (15,168) $ 9,018 $ (10,421)
General Partner        
Earnings per Unit and Cash Distributions        
Net income (loss) attributable to the unitholders of KNOT Offshore Partners LP 95 (269) 203 (163)
Under (over) distributed earnings $ 79 $ (284) $ 170 $ (195)
[1] Included in net income (loss) is interest paid amounting to $29.5 million and $33.6 million for the six months ended June 30, 2025 and 2024, respectively.