KNFKnife River Corporation

$66.84

Is it safe?

Can KNF take a bad year?

Knife River Corporation carries $1.42B of net debt at 2.90× EBITDA: a load its earnings can carry.

$1.42B

Net debt · as at Q1 2026 · between two and four years of EBITDA, normal for a stable business

Net debt / EBITDA
2.90×

Net debt / EBITDA · 2.52× a year ago · the load is going up

Altman Z-score
3.28

Altman Z-score · safe zone, above 3

Cash runway
2.6 years

Cash runway · burning $1.3M a quarter at the current rate

Details
Total debtQ1 2026
$1.43B
Cash and short-term investments
$13M
Net debt
$1.42B
EBITDA, trailing twelve months
$489M
Operating profit, trailing twelve months
$282M
Debt / equity
0.92×
Total debt / EBITDA
2.93×
Annualised volatilitytwo years of daily moves
47%
Worst drawdown on file
−44%
Below its 52-week high
−29%

Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.