The financials
Knife River Corporation by the numbers
Knife River Corporation (KNF) reported revenue of $410M in Q1 2026 (quarter ended March 31, 2026), up 16% from the same quarter a year earlier. That came with a gross margin of −0.7% and net loss of $79M. For the full year FY2025, revenue was $3.15B (+8.5% year on year) and net income $157M. Its largest segment in 2026-Q2 was West at $80M, 41% of the disclosed total, just ahead of Central at 40%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $410M | $353M | +16% |
| Gross profit | −$2.8M | −$9.6M | n/a |
| Operating income | −$86M | −$83M | n/a |
| Net income | −$79M | −$69M | n/a |
| Diluted EPS | −$1.40 | −$1.21 | n/a |
| Operating | Revenue | Share |
|---|---|---|
| West | $80M | 41% |
| Central | $79M | 40% |
| Mountain | $36M | 19% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Q2 2026Total $194.7M (+88%)
Central grew +27% year on yearWest +6.9% year on year
Segment Latestquarter on quarteryear on year
- West$80.0M$80.0MQoQ +23%year on year +6.9%+23%+6.9%
- Central$78.5M$78.5MQoQ +212%year on year +27%+212%+27%
- Mountain$36.2M$36.2MQoQ +167%year on year +23%+167%+23%
- Corporate Services$0.00$0.00QoQ -year on year ---
- Energy Services$0.00$0.00QoQ -year on year ---