Knife River Corp
For the period ended Sep 30, 2026. Filed Nov 3, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 3, 2026
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6. Net Income Per Share
Index
Note 6 -Net Income Per Share
Basic net income per share is computed by dividing net income by the weighted average number of shares of common stock outstanding during the applicable period. Diluted net income per share is computed by dividing net income by the total of the weighted average number of shares of common stock outstanding during the applicable period, plus the effect of non-vested performance shares and restricted stock units. Basic and diluted net income per share are calculated as follows, based on a reconciliation of the weighted-average common shares outstanding on a basic and diluted basis:
| Three Months Ended · Nine Months Ended | ||||
|---|---|---|---|---|
| September 30, | September 30, | |||
| 2026 | 2025 | 2026 | 2025 | |
| (In thousands, except per share amounts) | ||||
| Net income | $137,879 | $143,151 | $102,586 | $125,044 |
| Weighted average common shares outstanding - basic | 56,763 | 56,664 | 56,744 | 56,649 |
| Effect of dilutive performance shares and restricted stock units | 62 | 220 | 89 | 251 |
| Weighted average common shares outstanding - diluted | 56,825 | 56,884 | 56,833 | 56,900 |
| Shares excluded from the calculation of diluted income per share | 2 | — | 34 | 29 |
| Net income per share - basic | $2.43 | $2.53 | $1.81 | $2.21 |
| Net income per share - diluted | $2.43 | $2.52 | $1.81 | $2.20 |
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