Why These Energy Stocks are Gaining This Week

6. KNOT Offshore Partners LP (NYSE:KNOP)

Share Price Gains Between Mar. 17 – Mar. 24: 12.84%

Next on our list of the Energy Stocks that are Gaining This Week is KNOT Offshore Partners LP (NYSE:KNOP), a global market leader in the shuttle tanker industry that provides critical, long-term infrastructure to the offshore oil supply chain in Brazil and the North Sea.

KNOT Offshore Partners LP (NYSE:KNOP) reported strong Q4 2024 results last week, posting an EPS of $0.67, far above market estimates of $0.04. The company’s revenue of $91.26 million was also up 25% YoY and beat expectations by $14.75 million. KNOP also achieved a high vessel utilization rate of 98.3% and expects strong growth in the Brazilian offshore market.