Knife River Corp

For the period ended Dec 31, 2025. Filed Feb 20, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 20, 2026

KNF$58.94+4.5%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets

Index

Consolidated Balance Sheets

December 31,	2025	2024
(In thousands, except shares and per share amounts)
Assets
Current assets:
Cash, cash equivalents and restricted cash	$123,418	$281,134
Receivables, net	278,030	267,240
Contract assets	77,528	31,283
Inventories	435,714	380,336
Prepayments and other current assets	46,232	27,675
Total current assets	960,922	987,668
Noncurrent assets:
Net property, plant and equipment	2,028,933	1,441,700
Goodwill	519,668	297,225
Other intangible assets, net	32,680	29,414
Operating lease right-of-use assets	52,589	49,378
Investments and other	55,321	45,817
Total noncurrent assets	2,689,191	1,863,534
Total assets	$3,650,113	$2,851,202
Liabilities and Stockholders’ Equity
Current liabilities:
Long-term debt - current portion	$11,708	$10,475
Accounts payable	145,581	140,834
Contract liabilities	33,773	42,126
Accrued compensation	44,253	50,655
Current operating lease liabilities	15,942	14,844
Other taxes payable	11,252	8,286
Accrued interest	7,348	5,535
Other accrued liabilities	108,132	97,282
Total current liabilities	377,989	370,037
Noncurrent liabilities:
Long-term debt	1,153,830	666,911
Deferred income taxes	287,917	174,727
Noncurrent operating lease liabilities	36,647	34,534
Other	152,790	128,908
Total liabilities	2,009,173	1,375,117
Commitments and contingencies
Stockholders’ equity:
Common stock, 300,000,000 shares authorized, $0.01 par value, 57,095,301 shares issued and 56,664,165 shares outstanding at December 31, 2025; 57,043,841 shares issued and 56,612,705 shares outstanding at December 31, 2024	571	570
Other paid-in capital	629,637	620,897
Retained earnings	1,024,620	867,546
Treasury stock held at cost - 431,136 shares	(3,626)	(3,626)
Accumulated other comprehensive loss	(10,262)	(9,302)
Total stockholders’ equity	1,640,940	1,476,085
Total liabilities and stockholders’ equity	$3,650,113	$2,851,202

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.