Q - Knife River
For the period ended Jun 30, 2025. Filed Aug 5, 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.
Jun 30, 2025 · Filed Aug 5, 2025
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6. Net income (loss) per share
Note 6 -Net income (loss) per share
Basic net income (loss) per share is computed by dividing net income (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 57,095,301 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 · Six Months Ended | ||||
|---|---|---|---|---|
| June 30, | June 30, | |||
| 2025 | 2024 | 2025 | 2024 | |
| (In thousands, except per share amounts) | ||||
| Net income (loss) | $50,603 | $77,929 | $(18,107) | $30,301 |
| Weighted average common shares outstanding - basic | 56,657 | 56,611 | 56,642 | 56,601 |
| Effect of dilutive performance shares and restricted stock units | 255 | 200 | — | 190 |
| Weighted average common shares outstanding - diluted | 56,912 | 56,811 | 56,642 | 56,791 |
| Shares excluded from the calculation of diluted income (loss) per share | — | 16 | 263 | 21 |
| Net income (loss) per share - basic | $.89 | $1.38 | $(.32) | $.54 |
| Net income (loss) per share - diluted | $.89 | $1.37 | $(.32) | $.53 |
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