Knife River Corp (KNF) Financial Statements (2026 and earlier)

Company Profile

Business Address 1150 W. CENTURY AVE,
BISMARCK, ND 58503
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 14 - Mining And Quarrying Of Nonmetallic Minerals, Except Fuels (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

3/31/2026
Q1
12/31/2025
Q4
9/30/2025
Q3
6/30/2025
Q2
3/31/2025
Q1
12/31/2024
Q4
9/30/2024
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments73,82130,69526,61486,118236,799220,368
Cash and cash equivalent73,82130,69526,61486,118236,799220,368
Receivables278,030516,764428,098238,066267,240449,188
Inventory, net of allowances, customer advances and progress billings435,714436,535479,521467,051380,336347,300
Inventory435,714436,535479,521467,051380,336347,300
Contract with customer, asset, after allowance for credit loss77,52867,88663,96428,50531,28369,309
Other current assets46,23233,02954,02974,60027,67526,396
Other undisclosed current assets49,59750,40251,05452,36444,33547,074
Total current assets:960,9221,135,3111,103,280946,704987,6681,159,635
Noncurrent Assets
Operating lease, right-of-use asset52,58949,95049,11446,51649,37847,430
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization2,028,9331,961,4371,924,2201,743,5131,441,7001,346,160
Intangible asset, including goodwill, after accumulated amortization552,348502,799502,280491,521326,639285,110
Goodwill519,668469,381464,133449,554297,225275,256
Intangible asset, excluding goodwill, after accumulated amortization32,68033,41838,14741,96729,4149,854
Other noncurrent assets55,32153,82052,56952,45345,81745,782
Total noncurrent assets:2,689,1912,568,0062,528,1832,334,0031,863,5341,724,482
TOTAL ASSETS:3,650,1133,703,3173,631,4633,280,7072,851,2022,884,117
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities208,434292,474229,259161,091205,310252,406
Accounts payable145,581211,157172,204111,962140,834180,572
Accrued liabilities62,85381,31757,05549,12964,47671,834
Deferred revenue33,77342,83736,30642,01642,12644,786
Debt11,70811,78011,78011,78010,4758,791
Asset retirement obligation 14,200   7,100 
Other liabilities108,132112,604105,55593,78197,282106,576
Other undisclosed current liabilities1,74214,74914,30613,3987,74413,544
Total current liabilities:377,989474,444397,206322,066370,037426,103
Noncurrent Liabilities
Long-term debt and lease obligation1,153,8301,175,9681,341,1741,160,385666,911669,672
Long-term debt, excluding current maturities1,153,8301,175,9681,341,1741,160,385666,911669,672
Liabilities, other than long-term debt477,354445,709431,966390,672338,169339,412
Deferred income tax liabilities287,917264,192257,472221,588174,727187,915
Other liabilities152,790146,316139,687135,966128,908117,611
Operating lease, liability36,64735,20134,80733,11834,53433,886
Total noncurrent liabilities:1,631,1841,621,6771,773,1401,551,0571,005,0801,009,084
Total liabilities:2,009,1732,096,1212,170,3461,873,1231,375,1171,435,187
Equity
Equity, attributable to parent1,640,9401,607,1961,461,1171,407,5841,476,0851,448,930
Common stock571571571571570570
Treasury stock, value(3,626)(3,626)(3,626)(3,626)(3,626)(3,626)
Additional paid in capital629,637626,773623,908621,042620,897618,799
Accumulated other comprehensive loss(10,262)(9,112)(9,175)(9,239)(9,302)(11,086)
Retained earnings1,024,620992,590849,439798,836867,546844,273
Total equity:1,640,9401,607,1961,461,1171,407,5841,476,0851,448,930
TOTAL LIABILITIES AND EQUITY:3,650,1133,703,3173,631,4633,280,7072,851,2022,884,117

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

3/31/2026
Q1
12/31/2025
Q4
9/30/2025
Q3
6/30/2025
Q2
3/31/2025
Q1
12/31/2024
Q4
9/30/2024
Q3
Revenues755,0641,203,717833,759353,471657,2161,105,293
Cost of revenue(609,720)(919,383)(676,513)(363,066)(543,111)(832,282)
Gross profit:145,344284,334157,246(9,595)114,105273,011
Operating expenses(80,099)(69,129)(69,170)(73,058)(70,066)(63,874)
Operating income (loss):65,245215,20588,076(82,653)44,039209,137
Nonoperating income (expense)(2,242)1,1942,2078,1142,5012,487
Investment income, nonoperating (3,547)  3,547  
Other nonoperating income (expense)1,3051,1942,2074,5672,5012,487
Interest and debt expense(21,335)(23,003)(22,335)(15,263)(13,394)(13,936)
Income (loss) from continuing operations before equity method investments, income taxes:41,668193,39667,948(89,802)33,146197,688
Other undisclosed income (loss) from continuing operations before income taxes 3,547  (3,547)  
Income (loss) from continuing operations before income taxes:45,215193,39667,948(93,349)33,146197,688
Income tax expense (benefit)(13,185)(50,245)(17,345)24,639(9,873)(49,584)
Net income (loss) available to common stockholders, diluted:32,030143,15150,603(68,710)23,273148,104

Comprehensive Income ($ in thousands)
Annual | Quarterly

3/31/2026
Q1
12/31/2025
Q4
9/30/2025
Q3
6/30/2025
Q2
3/31/2025
Q1
12/31/2024
Q4
9/30/2024
Q3
Net income (loss):32,030143,15150,603(68,710)23,273148,104
Other comprehensive income (loss)(1,150)6364631,78478
Comprehensive income (loss), net of tax, attributable to parent:30,880143,21450,667(68,647)25,057148,182

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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