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KNOP

KNOT Offshore Partners LP
CIK 0001564180 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
64.1
composite ยท 4 signals ยท ELEVATED

Every card below shows the score and the exact filing data it was computed from โ€” no unexplained numbers. Some signals (P-02, P-03, P-08, P-09, P-10, P-11) pull live documents from SEC EDGAR the first time you view this company; a few of those (P-03, P-10, P-11) use AI to read the filing text, but every AI claim must quote the actual document verbatim or it's discarded โ€” never a guess.

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Signals

P-05 ยท FY 2025-12-31 ยท ELEVATED85.9

Tax arbitrage

ETR 4.8% vs 21% statutory โ€” gap persistent across 2 of 2 years
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2026-04-17) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2025-12-31": 0.0476,
    "2024-12-31": 0.0429
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2025-12-31": 0.1624,
    "2024-12-31": 0.1671
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1564180/000110465926044664/0001104659-26-044664-index.htm",
    "form": "20-F",
    "filed": "2026-04-17"
  }
}
P-13 ยท FY 2025-12-31 ยท ELEVATED20.0

Zombie / distress

Altman Z'' -0.89 in the distress zone
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2026-04-17) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2025-12-31": 1.365,
    "2024-12-31": 1.083,
    "2023-12-31": 0.349,
    "2022-12-31": 1.554
  },
  "consecutive_years_below_1": 0,
  "altman_z_double_prime": -0.891,
  "definitions": {
    "zombie": "ICR<1 for 3+ consecutive FYs (BIS 2018)",
    "z_distress": "<1.1 distress, 1.1-2.6 gray, >2.6 safe"
  },
  "inputs": {
    "ebit_t": 84649000,
    "interest_expense_t": 62030000
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1564180/000110465926044664/0001104659-26-044664-index.htm",
    "form": "20-F",
    "filed": "2026-04-17"
  }
}
P-01 ยท FY 2025-12-31 ยท CLEAN10.1

Earnings quality

Beneish M-Score -3.15 โ€” no manipulation profile
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2026-04-17) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -3.146,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 0.517,
    "GMI": 1,
    "AQI": 1.046,
    "SGI": 1.144,
    "DEPI": 0.995,
    "SGAI": 1,
    "LVGI": 0.999,
    "TATA": -0.079
  },
  "defaulted_to_neutral": [
    "GMI",
    "SGAI"
  ],
  "sloan_accruals": -0.0813,
  "inputs": {
    "revenue_t": 364443000,
    "revenue_t1": 318599000,
    "total_assets_t": 1684837000,
    "net_income_t": 23259000,
    "cfo_t": 155736000
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1564180/000110465926044664/0001104659-26-044664-index.htm",
    "form": "20-F",
    "filed": "2026-04-17"
  }
}
P-12 ยท FY 2025-12-31 ยท CLEAN9.4

Restatement predictor

F-Score 0.28 โ€” at or below the population base rate
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2026-04-17) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 0.282,
  "probability": 0.00104,
  "components": {
    "rsst": -0.0813,
    "drec": -0.0016,
    "dinv": 0.0006,
    "soft": 0.023,
    "dcs": 0.1519,
    "droa": 0.0049,
    "issue": 1
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1564180/000110465926044664/0001104659-26-044664-index.htm",
    "form": "20-F",
    "filed": "2026-04-17"
  }
}