Knife River Corp
For the period ended Dec 31, 2025. Filed Feb 20, 2026.
View on SEC.govAbout 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.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Equity
Index
Consolidated Statements of Equity
| Years ended December 31, 2025, 2024 and 2023 · Common Stock · Other Paid-In Capital · Retained Earnings · MDU Resources’ Stock Held by Subsidiary · Treasury Stock · Accumulated Other Comprehensive Loss · Total | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Shares · Amount · Shares · Amount | ||||||||||
| (In thousands, except shares) | ||||||||||
| Balance at December 31, 2022 | 80,000 | $800 | $549,106 | $494,661 | (538,921) | $(3,626) | — | $— | $(12,352) | $1,028,589 |
| Net income | — | — | — | 182,872 | — | — | — | — | — | 182,872 |
| Other comprehensive income | — | — | — | — | — | — | — | — | 1,033 | 1,033 |
| Stock-based compensation | — | — | 2,888 | (37) | — | — | — | — | — | 2,851 |
| Common stock issued for board of director fees | 12,192 | — | 702 | — | — | — | — | — | — | 702 |
| Retirement of historical common stock in connection with the Separation | (80,000) | (800) | 800 | — | — | — | — | — | — | — |
| Issuance of common stock in connection with the Separation | 56,997,350 | 570 | (570) | — | — | — | — | — | — | — |
| Transfer of MDU Resources stock held by subsidiary | — | — | — | — | 538,921 | 3,626 | — | — | — | 3,626 |
| Receipt of treasury stock at historical cost | — | — | — | — | — | — | (431,136) | (3,626) | — | (3,626) |
| Net transfers from Centennial and MDU Resources including Separation adjustments | — | — | 62,972 | — | — | — | — | — | — | 62,972 |
| Net transfers to Centennial pre-Separation | — | — | (1,385) | (11,622) | — | — | — | — | — | (13,007) |
| Balance at December 31, 2023 | 57,009,542 | $570 | $614,513 | $665,874 | — | $— | (431,136) | $(3,626) | $(11,319) | $1,266,012 |
| Net income | — | — | — | 201,678 | — | — | — | — | — | 201,678 |
| Other comprehensive income | — | — | — | — | — | — | — | — | 2,017 | 2,017 |
| Stock-based compensation | — | — | 8,057 | (6) | — | — | — | — | — | 8,051 |
| Common stock issues for employee compensation, net of tax withholding | 31,298 | — | (1,673) | — | — | — | — | — | — | (1,673) |
| Common stock issued for board of director fees | 3,001 | — | — | — | — | — | — | — | — | — |
| Balance at December 31, 2024 | 57,043,841 | $570 | $620,897 | $867,546 | — | $— | (431,136) | $(3,626) | $(9,302) | $1,476,085 |
| Net income | — | — | — | 157,074 | — | — | — | — | — | 157,074 |
| Other comprehensive loss | — | — | — | — | — | — | — | — | (960) | (960) |
| Stock-based compensation | — | — | 11,394 | — | — | — | — | — | — | 11,394 |
| Common stock issued for employee compensation, net of tax withholding | 39,656 | 1 | (2,654) | — | — | — | — | — | — | (2,653) |
| Common stock issued for board of director fees | 11,804 | — | — | — | — | — | — | — | — | — |
| Balance at December 31, 2025 | 57,095,301 | $571 | $629,637 | $1,024,620 | — | $— | (431,136) | $(3,626) | $(10,262) | $1,640,940 |
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