Knife River Corp
For the period ended Mar 31, 2025. Filed May 6, 2025.
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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.
Mar 31, 2025 · Filed May 6, 2025
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6. Net loss per share
Index
Note 6 -Net loss per share
Basic net loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the applicable period. Diluted earnings 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. Our potentially dilutive securities have been excluded from the computation of diluted net loss per share as the effect would reduce the net loss per share and is considered antidilutive. Weighted average common shares outstanding is comprised of issued shares of 57,083,497 less shares held in treasury of 431,136. Basic and diluted net loss 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 | ||
|---|---|---|
| March 31, | ||
| 2025 | 2024 | |
| (In thousands, except per share amounts) | ||
| Net loss | $(68,710) | $(47,629) |
| Weighted average common shares outstanding - basic | 56,626 | 56,590 |
| Effect of dilutive performance shares and restricted stock units | — | — |
| Weighted average common shares outstanding - diluted | 56,626 | 56,590 |
| Shares excluded from the calculation of diluted loss per share | 274 | 179 |
| Net loss per share - basic | $(1.21) | $(.84) |
| Net loss per share - diluted | $(1.21) | $(.84) |
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