KNF at a glance
Knife River Corp (KNF, SEC CIK 1955520) filed its latest 10-K annual report on February 20, 2026, a 10-Q quarterly report on August 4, 2026, an 8-K current report on September 23, 2026 and Form 4 insider filings as recently as October 1, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Knife River Corp (KNF) reported revenue of $3.1 billion (up 8.5% from FY2024) and net income of $157.1 million. Diluted EPS was $2.76.
- As of June 30, 2026, 32 institutional investment managers tracked by SignalX reported holding Knife River Corp (KNF) shares worth $2.4 billion in 13F-HR filings.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $3.1B
- +8.5% vs prior year
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- 13F holders
- 32 funds
- $2.4B · −2 vs prior quarter
- Latest 8-K
- Sep 23, 2026
- Item 7.01
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Vertically integrated aggregates-based construction materials and contracting services provider across 14 states with 208 aggregate sites
- Completion of tax-free spin-off from MDU Resources on May 31, 2023, becoming independent public company (NYSE: KNF)
- Acquisition of Strata Corporation on March 7, 2025, adding 30 years of aggregate reserves, 24 ready-mix plants, and 3 asphalt plants for $454 million
- Expanded Central segment with Strata acquisition, including rail and trucking assets enhancing logistics capabilities
Risk Factors
- Regulatory risk: IIJA federal highway funding, 46% of $1.2T authorization undisbursed in 14-state market as of Nov 2025
- Macroeconomic risk: $745M-$810M North Dakota DOT 2026 bid lettings, up from $345M in 2025, affecting backlog and workload
- Operational risk: Integration of five acquisitions in 2025 for $611.7M adding 29 ready-mix and 5 asphalt plants depends on synergy realization
- Competitive risk: Higher-margin bidding initiatives target organic and acquisition growth in mid-size, high-growth markets against market peers
- Financial risk: $611.7M acquisition spend in 2025 raises capital allocation focus amid margin improvement and cost control efforts
Management Discussion & Analysis
- Revenue $3,146M in 2025 (excluding $631M internal sales); Aggregates $617.1M (16.3%), Ready-mix concrete $779.4M (20.6%), Contracting services $1,383.9M (36.6%)
- Gross profit $577.3M, margin 18.4% overall; Aggregates margin 18.5%, Ready-mix concrete margin 17.1%, Contracting services margin 11.2%
- Best performing segment: Contracting services with $1,383.9M revenue and 11.2% margin; worst: Contracting services margin lowest but highest revenue
- Sold 32.5 million tons aggregates in 2025, 35% used internally supporting vertical integration
- Industry risks: high fragmentation, transportation cost limits, seasonality, cyclicality tied to economy, reliance on public spending and regulatory approvals
AI summary of the KNF 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Quarterly revenue $938.6M, up $104.8M or 13% YoY
- Consolidated EBITDA margin 14.9% vs 16.8% YoY
- Best segment Central: revenue $325.6M, EBITDA $53.6M, 16.5% margin
- Worst segment West: revenue $290.4M, down 9% YoY; EBITDA margin 17.0% vs 19.1%
- Cash deployment included $400M additional Term Loan B borrowings and acquisitions; backlog $1.2B, with $984M expected within 12 months
Risk Factors
- No risk-factors section provided; submitted text covers Items 2–6 and exhibits only
- Mine-safety compliance disclosures incorporated by reference through Exhibit 95
- No director or officer Rule 10b5-1 trading arrangements adopted or terminated during quarter
- April 20, 2026 supplemental indenture and May 15, 2026 credit-agreement amendment filed as financing documents
AI summary of the KNF 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 7.01: Regulation FD Disclosure
- Investor presentation posted September 23, 2026 for use in stakeholder and investment-community meetings
- Exhibit 99.1 contains the substantive presentation materials
Item 7.01: Regulation FD Disclosure
- Second-quarter 2026 earnings released August 4, 2026
- Exhibit 99 contains the substantive financial results and management commentary
Item EX-99.1: Item EX-99.1
- Q2 revenue rose 13% to $938.6M, but net income fell 13% to $43.9M and adjusted EBITDA declined 1% to $139.7M
- Contracting services revenue increased 20%, while gross profit growth across product lines was offset by energy costs and lower-margin project mix
Item 1.01: Entry into a Material Definitive Agreement
- $400 million term B loan increase, bringing total outstanding term B loans to $895 million
- Interest margin reduced 0.25%, with rates of 1.75% for SOFR loans or 0.75% for base-rate loans
AI summaries of KNF 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for KNF
Don't miss the next KNF filing
- Alerts as it files. A push when KNF files an 8-K or an insider trades.
- Fund moves. Which tracked funds opened, added or cut KNF, by share count.
- Ask anything. An AI agent that reads every KNF filing and answers with sources.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Fagg Karen B | A | Sep 30, 2026 | 329.852 | $53.43 |
| Fagg Karen B | A | Jun 30, 2026 | 197.479 | $89.25 |
| Chiodo Patricia | A | May 20, 2026 | 2,040 | - |
| Fagg Karen B | A | May 20, 2026 | 2,380 | - |
| SANDBROOK WILLIAM J | A | May 20, 2026 | 2,040 | - |
| MOSS PATRICIA L | A | May 20, 2026 | 2,040 | - |
| Carmona-Alvarez German | A | May 20, 2026 | 2,040 | - |
| Hill Thomas W. | A | May 20, 2026 | 2,040 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $2.9B | $3.1B |
| Gross Profit | $538.9M | $569.8M | $577.3M |
| Operating Income | - | $316.2M | $285.9M |
| Net Income | $182.9M | $201.7M | $157.1M |
| Gross Margin | - | 19.7% | 18.4% |
| Op. Margin | - | 10.9% | 9.1% |
| Net Margin | - | 7.0% | 5.0% |
| Balance Sheet | |||
| Total Assets | - | $2.9B | $3.7B |
| Equity | $1.3B | $1.5B | $1.6B |
| ROE | 14.4% | 13.7% | 9.6% |
| Per Share | |||
| EPS | $3.23 | $3.55 | $2.76 |
| Cash Flow | |||
| Operating CF | - | $322.3M | $278.5M |
Source: XBRL data in Knife River Corp (KNF)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate KNF share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 32 | $2.37B |
| Q1 2026 | 34 | $2.20B |
| Q4 2025 | 32 | $1.91B |
| Q3 2025 | 31 | $2.20B |
| Q2 2025 | 31 | $2.24B |
| Q1 2025 | 29 | $1.53B |
| Q4 2024 | 26 | $1.46B |
| Q3 2024 | 23 | $682.6M |
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Source: 13F-HR filings on SEC EDGAR (aggregated from 238 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
KNF filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
8-K current reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Oct 1, 2026 | - | - | - |
| 8-K | Sep 23, 2026 | - | Analysis | - |
| SC 13G | Aug 12, 2026 | - | - | |
| 8-K | Aug 4, 2026 | - | Analysis | - |
| 10-Q | Aug 4, 2026 | Jun 30, 2026 | Analysis | |
| SC 13G | Jul 31, 2026 | - | - | |
| 4 | Jul 1, 2026 | - | - | - |
| 4 | May 21, 2026 | - | - | |
| 4 | May 21, 2026 | - | - | |
| 4 | May 21, 2026 | - | - | |
| 4 | May 21, 2026 | - | - | |
| 4 | May 21, 2026 | - | - | |
| 4 | May 21, 2026 | - | - | |
| 8-K | May 18, 2026 | - | Analysis | |
| 8-K | May 5, 2026 | - | Analysis | - |
| 10-Q | May 5, 2026 | Mar 31, 2026 | Analysis | |
| SC 13G | Apr 30, 2026 | - | - | |
| 4 | Apr 1, 2026 | - | - | - |
| 4 | Mar 9, 2026 | - | - | - |
| 4 | Mar 5, 2026 | - | - | - |
| 4 | Mar 5, 2026 | - | - | - |
| 4 | Mar 5, 2026 | - | - | - |
| 4 | Mar 5, 2026 | - | - | - |
| 4 | Mar 5, 2026 | - | - | - |
| 4 | Mar 5, 2026 | - | - | - |
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KNF SEC filings: frequently asked questions
Which institutions hold KNF stock?
As of June 30, 2026, the largest Knife River Corp (KNF) holders among the 13F filers tracked by SignalX were BlackRock ($609.8 million), T. Rowe Price Group ($428.0 million), Vanguard Portfolio Management LLC ($235.5 million), Vanguard Capital Management LLC ($214.3 million), State Street Corp ($180.3 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was KNF's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Knife River Corp (KNF) reported revenue of $3.1 billion (up 8.5% from FY2024) and net income of $157.1 million. Diluted EPS was $2.76. The figures come from the XBRL data in the 10-K.
What are the main risks in KNF's latest 10-K?
In the 10-K filed February 20, 2026, Knife River Corp (KNF) flagged: Regulatory risk: IIJA federal highway funding, 46% of $1.2T authorization undisbursed in 14-state market as of Nov 2025. Macroeconomic risk: $745M-$810M North Dakota DOT 2026 bid lettings, up from $345M in 2025, affecting backlog and workload. (AI summary of the Risk Factors section.)
What did KNF report in its latest 8-K?
Knife River Corp (KNF) filed an 8-K on September 23, 2026 reporting Item 7.01 (Regulation FD Disclosure). Investor presentation posted September 23, 2026 for use in stakeholder and investment-community meetings.
What are the latest KNF SEC filings?
Knife River Corp (KNF) filed its latest 10-K annual report on February 20, 2026, a 10-Q quarterly report on August 4, 2026, an 8-K current report on September 23, 2026 and a Form 4 insider filing on October 1, 2026.
What is KNF's SEC CIK number?
Knife River Corp (KNF)'s SEC Central Index Key (CIK) is 1955520. EDGAR lists every KNF filing under that number.
Ask anything about KNF
The research agent reads KNF's filings, financials, insider trades and 13F holders, then answers with sources.