Investor FAQs

KNOT Offshore Partners LP (“KNOP” or the “Partnership”) is a limited partnership formed in February 2013 to own and operate modern DP2 shuttle tankers. Shuttle tankers perform a critical infrastructure-like role in the offshore energy industry shuttling crude oil from offshore deepwater field installations to onshore refineries, storage facilities and onto other conventional crude oil transportation vessels by way of ship-to-ship transfer. The shuttle tanker is often described as a “floating pipeline”. In conjunction with our Sponsor, Knutsen NYK Offshore Tankers ("KNOT"), we own and manage the world’s largest shuttle tanker fleet.

The Partnership’s headquarters are in Aberdeen, UK, with an office also in London, UK.

The Partnership is incorporated in the Republic of the Marshall Islands.

The Partnership completed its Initial Public Offering on the New York Stock Exchange in April, 2013.

The Partnership’s common units trade on the New York Stock Exchange under the ticker “KNOP”.

The Partnership follows a standard calendar year ending December 31.

As the Partnership’s Sponsor and largest unitholder, Knutsen NYK Offshore Tankers AS (the “Sponsor”, “KNOT” or “Knutsen NYK”) provides a range of material support to KNOP, including but not limited to business development, chartering and rechartering, technical management and crewing, and accounting and administration.

The Partnership’s transfer agent for the outstanding common units is American Stock Transfer & Trust Company.

For questions related to your ownership of KNOP common units and any decisions related to the buying or selling of such units you should contact your brokerage, or in relation to the holding of KNOP common units, to KNOP’s transfer agent, American Stock Transfer & Trust Company.

Questions related to KNOP’s business and strategy can be directed to the Partnership at [email protected]

These matters can typically be addressed through your brokerage or by KNOP’s transfer agent, American Stock Transfer & Trust Company.

The Partnership’s registered public accounting firm is Ernst & Young AS.

The Partnership’s corporate legal counsel is Baker Botts LLP.

The Partnership has historically paid a quarterly distribution to common unitholders, details of which can be found on our Common Units Stock Information page.

The Partnership’s news and quarterly earnings press releases can be found at News.

The Partnership’s SEC filings, including quarterly and annual reports, can be found at SEC Filings.

The Partnership reports earnings on a quarterly basis, with a specific date and access details announced in advance by press release, which details are also published on our website as News.

Yes. The Partnership publishes annual ESG Reports which can be found at ESG.

For questions related to your ownership of KNOP common units and any decisions related to the buying or selling of such units you should contact your brokerage, or in relation to the holding of KNOP common units, to KNOP’s transfer agent, American Stock Transfer & Trust Company.

Questions related to KNOP’s business and strategy can be directed to the Partnership at [email protected].

An overview of the Partnership’s sell-side research coverage can be found at Analyst Coverage.

Interested parties may register for email alerts related to the Partnership’s press releases and SEC filings via the Email Alerts interface in the footer of each page of the Partnership’s website at www.knotoffshorepartners.com.

Additional information related to the tax status of the Partnership’s distributions to common unitholders can be found at US Tax Information.

While the long-term price of oil can impact the overall strategic development and direction of the offshore energy industry and therefore impact the long-term success of the Partnership's business, fluctuations in short-term oil prices do not impact the fixed day rate earned by KNOP’s shuttle tankers that are employed on charters.

Information related to KNOP’s shuttle tankers and the shuttle tanker Industry can be found at Shuttle Tankers.

In the U.S., KNOT Offshore Partners LP is structured as a publicly traded master limited partnership but is classified as a corporation for U.S. federal income tax purposes, and as such U.S. unitholders will receive a Form 1099, rather than a partnership Form K-1.

For information related to IRS Form 1099 and other similar matters, investors should contact their brokerages or, for those unitholders directly registered, the Form 1099 is issued annually on the Partnership's behalf by our Transfer Agent, American Stock Transfer & Trust Company.

A distribution we pay to a U.S. beneficial owner of our common units will be treated as a dividend for U.S. federal income tax purposes to the extent the distributions come from earnings and profits (“E&P”) and as a non-dividend distribution or a return of capital (“ROC”) to the extent the distributions exceed E&P. Information related to the total distributions made by KNOP in the last available full fiscal year (and prior years) and the reporting of such information distributions on United States Internal Revenue Service Form 1099 can be found at US Tax Information.

A distribution we pay to a non-U.S. beneficial owner of our common units will not be subject to U.S. federal income tax or withholding tax if the non-U.S. holder is not engaged in a U.S. trade or business and, if required, certifies its status as a non-U.S. person.

If you hold units in our Partnership, you should consult your own tax advisor regarding the tax consequences for you of doing so. Further information is available in our SEC filings accessible through our website, and in particular in our annual Form 20-F.

As KNOP and its subsidiaries do not and do not expect to conduct business, transactions or operations in the Republic of the Marshall Islands, under current Marshall Islands law, unitholders that are neither citizens nor residents of the Marshall Islands and do not maintain offices in nor engage in business, transactions or operations in the Republic of the Marshall Islands should not be subject to Marshall Islands taxation or withholding on distributions, including distributions treated as a return of capital, that we make to them as unitholders. If you remain concerned about taxation in the Marshall Islands you should consult your own tax advisor.

KNOP is treated as a foreign corporation for U.S. federal income tax purposes.

KNOP believes that it is not a CFC for U.S. federal income tax purposes.

KNOP will make this determination following the close of each tax year and expects to be able to post this information, along with any required Form 8937, on the “US Tax Information” section of its website, typically around mid-February of the year following.

KNOP believes it has not been a PFIC for any prior taxable year, and it does not expect to become a PFIC for the current taxable year or any future taxable year.