Financial Data and Key Metrics Changes - Revenues for Q3 2025 were $96.9 million, with operating income at $30.6 million and net income at $15.1 million. Adjusted EBITDA was reported at $61.6 million [4][9] - Available liquidity as of September 30, 2025, was $125.2 million, consisting of $77.2 million in cash and cash equivalents, plus $48 million in undrawn capacity on credit facilities, which is $20.4 million higher than at the end of Q2 2025 [4][9] Business Line Data and Key Metrics Changes - The company operated with a utilization rate of 99.9%, accounting for scheduled dry docking, resulting in an overall utilization of 96.5% [4] - The company extended its backlog to $963 million of fixed contracts, averaging 2.6 years, with potential for more if all options are exercised [9] Market Data and Key Metrics Changes - The shuttle tanker market is tightening in both Brazil and the North Sea, driven by FPSO startups and ramp-ups, which are expected to increase shuttle tanker demand [8][12] - Petrobras' five-year plan indicates that overall production volumes and project startup timelines are in line with or above prior expectations, which is positive for the Brazilian offshore market [12][13] Company Strategy and Development Direction - The company is focused on maintaining a robust financial model, evidenced by successful refinancing efforts and a commitment to debt repayment of $95 million or more per year [9] - The company has established a buyback program and completed the purchase of the Daqing Knutsen, indicating a strategy to enhance shareholder value and fleet growth [5][13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the shuttle tanker demand absorbing the current order book, with expectations of a medium-term shortage of shuttle tankers against forthcoming production [13] - The management refrained from commenting on specific rates related to the Fortaleza Knutsen but indicated satisfaction with the expected rate under the new contract [19][20] Other Important Information - An unsolicited and non-binding offer from the sponsor, KNOT, to buy the publicly owned common units for $10 per unit is currently under evaluation by the Conflicts Committee [3][4] - The company has completed its refinancing schedule for the year, securing a $71 million loan and a $25 million revolving credit facility [8] Q&A Session Summary Question: Can you give me an appreciation for the potential rate change for Fortaleza? - Management did not comment on individual rates but expressed satisfaction with the expected rate [19][20] Question: How many dry dockings are expected in 2026? - Management confirmed that there would be at least four to five dry dockings in 2026 [21] Question: Will G&A expenses change with the acquisition of Daqing? - Management does not expect a material change in G&A expenses, maintaining it at approximately $1.6 million per quarter [22] Question: Has the buyback program concluded? - Management confirmed that the buyback program has concluded, stopping at three million instead of the full ten million authorization [25][26] Question: What is the timeframe for the independent committee process regarding the KNOT offer? - Management indicated that all available information was provided in the press release and that no further comments could be made [28][30]

Financial Data and Key Metrics Changes - Revenues for Q3 2025 were $96.9 million, with operating income at $30.6 million and net income at $15.1 million. Adjusted EBITDA was reported at $61.6 million [4][9] - Available liquidity as of September 30, 2025, was $125.2 million, consisting of $77.2 million in cash and cash equivalents, plus $48 million in undrawn capacity on credit facilities, which is $20.4 million higher than at the end of Q2 2025 [4][9] Business Line Data and Key Metrics Changes - The company operated with a utilization rate of 99.9%, accounting for scheduled dry docking, resulting in an overall utilization of 96.5% [4] - The company extended its backlog to $963 million of fixed contracts, averaging 2.6 years, with potential for more if all options are exercised [8][9] Market Data and Key Metrics Changes - The shuttle tanker market is tightening in both Brazil and the North Sea, driven by FPSO startups and ramp-ups, which are expected to increase shuttle tanker demand [8][12] - Petrobras' five-year plan indicates that overall production volumes and project startup timelines in the pre-salt region are in line with or above prior expectations, suggesting a positive outlook for the Brazilian offshore market [12][13] Company Strategy and Development Direction - The company is focused on maintaining a robust financial model, evidenced by successful refinancing efforts and a commitment to debt repayment of $95 million or more per year [9][10] - The company has established a buyback program and completed the purchase of the Dan Cisne, indicating a strategy to enhance shareholder value and fleet growth [5][6] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the shuttle tanker demand absorbing the current order book, with expectations of a medium-term shortage of shuttle tankers against forthcoming production [13] - The management refrained from commenting on specific rates related to the Fortaleza contract but indicated satisfaction with the expected rate change [19][20] Other Important Information - An unsolicited and non-binding offer from the sponsor, KNOT, to buy publicly owned common units for $10 per unit is currently under evaluation by the Conflicts Committee [3][4] - The company has completed its refinancing schedule for the year, securing loans and credit facilities to support its operations [8][10] Q&A Session Summary Question: Can you provide insight on the potential rate change for Fortaleza when it moves to KNOT? - Management did not comment on individual rates but expressed satisfaction with the expected rate [19][20] Question: How many dry dockings are expected in 2026? - Management confirmed that there would likely be four to five dry dockings in 2026 [21] Question: Will G&A expenses change with the acquisition of Dan Cisne? - Management indicated that G&A is not expected to change materially and will remain around $1.6 million per quarter [22] Question: Has the unit buyback program concluded? - Management confirmed that the buyback program has concluded, stopping at three units instead of the full ten [25][26] Question: What is the expected timeframe for the independent committee process regarding the KNOT offer? - Management stated that no further information is available beyond the press release and that the process is ongoing [28][30]

Financial Data and Key Metrics Changes - Revenues for Q3 2025 were $96.9 million, with operating income at $30.6 million and net income at $15.1 million. Adjusted EBITDA was reported at $61.6 million [4][9] - Available liquidity as of September 30, 2025, was $125.2 million, consisting of $77.2 million in cash and cash equivalents and $48 million in undrawn credit facilities, which is $20.4 million higher than at the end of Q2 2025 [4][9] Business Line Data and Key Metrics Changes - The company operated with a utilization rate of 99.9%, accounting for scheduled dry docking, resulting in an overall utilization of 96.5% [4] - The company extended its backlog to $963 million in fixed contracts, averaging 2.6 years, with potential for more if all options are exercised [9][12] Market Data and Key Metrics Changes - The shuttle tanker market is tightening in both Brazil and the North Sea, driven by FPSO startups and ramp-ups, which have positively impacted shuttle tanker demand growth [8][12] - Petrobras' five-year plan for 2026 to 2030 indicates that overall production volumes and project startup timelines are in line with or above prior expectations, suggesting a favorable outlook for the Brazilian offshore market [12] Company Strategy and Development Direction - The company has initiated a buyback program, purchasing nearly 385,000 common units at an average price of $7.87 per unit, which concluded in October [5][26] - The company is focused on prudent debt repayment, targeting $95 million or more per year, to manage its depreciating asset base effectively [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strength of the charter market, indicating that charterers' options are likely to be exercised due to favorable market conditions [11] - The company is optimistic about the future demand for shuttle tankers, anticipating a medium-term shortage against forthcoming production [13] Other Important Information - The company received an unsolicited and non-binding offer from its sponsor, KNOT, to buy publicly owned common units for $10 each, which is currently under evaluation by the Conflicts Committee [3][4] - The company has completed refinancing of two facilities, including a $71 million loan secured by the Synnøve Knutsen and a $25 million revolving credit facility [7][10] Q&A Session Summary Question: Can you provide insight on the potential rate change for Fortaleza when it moves to KNOT? - Management refrained from commenting on specific rates but indicated satisfaction with the expected rate [18][19] Question: Will G&A expenses remain stable despite the acquisition of Dan Cisne? - Management confirmed that G&A is not expected to change materially, maintaining around $1.6 million per quarter [21] Question: Has the unit buyback program concluded? - Management confirmed that the buyback program has concluded, stopping at approximately $3 million instead of the full $10 million authorization [24][26] Question: What is the expected timeframe for the independent committee's evaluation process? - Management stated that all available information has been disclosed, and further details will depend on the Conflicts Committee's discussions with KNOT [27][29]

Financial Performance (3Q 2025) - Revenues reached $96.9 million[10], with an operating income of $30.6 million[10] and a net income of $15.1 million[10] - Adjusted EBITDA stood at $61.6 million[10] - A cash distribution of $0.026 per common unit was paid in November 2025[10, 18] Key Transactions & Refinancing - Daqing Knutsen was purchased for a net cash cost of $24.8 million[12], with KNOT guaranteeing the hire rate until July 2032[12, 22] - A common unit buyback program was concluded in October, with 384,739 common units purchased for $3.03 million, averaging $7.87 per unit[13, 28] - The Synnøve Knutsen loan was refinanced with a new $71.1 million senior secured term loan facility[24] - Refinancing of the Tove Knutsen was completed, generating $32 million of net proceeds[16] Contractual Agreements & Fleet Utilization - Fleet operated with 99.9% utilization, or 96.5% overall including the drydocking of the Tove Knutsen[10, 74] - The term of the current time charter for the Bodil Knutsen was extended to a fixed term ending in March 2029, followed by two charterer's options each of one year[17] - The term of the current time charter for the Hilda Knutsen was extended by 3 months firm (to June 2026) plus a further 9 months at the company's option (to March 2027)[15] - A time charter for the Fortaleza Knutsen was executed with KNOT, to commence Q2 2026 for a fixed period of one year plus two charterer's options each for one additional year[27] Strategic Developments - KNOT made an unsolicited non-binding offer to purchase all publicly held common units of the Partnership for $10 in cash per common unit[9, 25] - Contractual backlog expanded to $939.5 million of fixed contracts averaging 2.6 years, with charterers' options averaging a further 4.2 years[32, 54]

Exhibit 99.1 KNOT OFFSHORE PARTNERS LP EARNINGS RELEASE—INTERIM RESULTS FOR THE PERIOD ENDED SEPTEMBER 30, 2025 Financial Highlights For the three months ended September 30, 2025 ("Q3 2025"), KNOT Offshore Partners LP ("KNOT Offshore Partners" or the "Partnership"; NYSE:KNOP): Other Partnership Highlights and Events 1 EBITDA and Adjusted EBITDA are non-GAAP financial measures used by management and external users of the Partnership's financial statements. Please see Appendix A for definitions of EBITDA and ...

Core Viewpoint - KNOT Offshore Partners LP is set to release its financial results for the 3rd Quarter of 2025 on December 5, 2025, before market opening [1] Financial Results Announcement - The financial results will be disclosed before the market opens on December 5, 2025 [1] - A conference call is scheduled for the same day at 9:30 AM (Eastern Time) to discuss the results [1] - Unitholders and interested parties are invited to join the conference call via a live webcast link on the Partnership's website [1]

Core Viewpoint - Knot Offshore (KNOP) shares experienced a significant increase of 9.7% to $9.89, driven by a takeover offer from Knutsen NYK Offshore Tankers AS, which proposed to acquire all publicly held common units for $10 each [1][2]. Company Performance - The upcoming quarterly earnings for Knot Offshore are projected at $0.13 per share, reflecting a substantial year-over-year growth of 218.2%. Revenue is expected to reach $86.33 million, marking a 13.2% increase from the same quarter last year [3]. - The consensus EPS estimate for Knot Offshore has remained stable over the past 30 days, indicating that the stock's price movement may not sustain without trends in earnings estimate revisions [4]. Industry Context - Knot Offshore is part of the Zacks Transportation - Shipping industry, where another company, Okeanis Eco Tankers Corp. (ECO), saw a decline of 3.4% to $34.37, despite a 20.8% return over the past month [5]. - Okeanis Eco Tankers Corp. has experienced a significant downward revision in its consensus EPS estimate, which decreased by 39.2% to $0.29, representing a year-over-year decline of 35.6% [6].

Core Viewpoint - KNOT Offshore Partners LP received an unsolicited non-binding proposal from Knutsen NYK Offshore Tankers AS to acquire all publicly held common units of the Partnership for $10 in cash per common unit [1] Group 1 - The proposal was dated October 31, 2025, and is intended to be executed through a wholly-owned subsidiary of KNOT [1]

Core Points - KNOT Offshore Partners LP has announced that its 2025 Annual Meeting will take place on December 15, 2025 [1] - The record date for voting at the Annual Meeting is set for November 6, 2025 [1] - The meeting will be held at 2 Queen's Cross, Aberdeen AB15 4YB, United Kingdom at 4:00 pm UK time [1]

Company Performance - Knot Offshore (KNOP) shares increased by 8.4% to close at $8.95, supported by high trading volume, contrasting with a 7.7% loss over the past four weeks [1] - The stock has gained 65% year to date, benefiting from high fleet utilization, operational efficiency, and effective fleet expansion [1] Earnings Expectations - The upcoming quarterly earnings for Knot Offshore are projected at $0.13 per share, reflecting a year-over-year increase of 218.2%, with revenues expected to reach $86.33 million, up 13.2% from the previous year [2] - The consensus EPS estimate for the quarter has been revised 26.7% higher in the last 30 days, indicating a positive trend that typically correlates with price appreciation [3] Industry Context - Knot Offshore is part of the Zacks Transportation - Shipping industry, which includes Kirby (KEX), whose stock rose 0.9% to $82.21 but has seen a -3.5% return over the past month [4] - Kirby's consensus EPS estimate remains unchanged at $1.6, representing a 3.2% increase from the previous year, and it also holds a Zacks Rank of 3 (Hold) [5]