Knife River Corp (KNF) Q3 2025 10-Q Quarterly Report
Filed: Nov 5, 2025Period ending Sep 30, 2025
Materials
Mining & Quarrying of Nonmetallic Minerals (No Fuels)SEC EDGAR Knife River Corp (KNF) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Nov 5, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.
Knife River Corp Q3 2025 10-Q Analysis
Risk Factors
- • New risk: Oregon DOT budget shortfall delaying projects, diverted funds from maintenance to mega projects; Sept. 2025 bill raises $4.3B for next 10 years
- • Material update: Increased interest expense by $18.8M YTD due to new Term Loan B in March 2025 and revolving credit facility borrowings
- • Regulatory risk: Infrastructure Investment and Jobs Act (IIJA) funding at 52% unspent in 14 states as of Aug. 2025, uncertainty on future DOT funding levels
- • Market risk: Increased rainfall in Q2 and Q3 2025 delayed work in Central and Mountain segments, with significant flooding in Central Texas shutting quarry for 10 days
- • Financial risk: Higher average debt balances in 2025 leading to 45% higher interest expense for nine months ($60.6M vs $41.8M) despite lower average rates
Knife River Corp Q3 2025 Quarterly FinancialsXBRL
Revenue
$1.2B
▲ +8.9% YoY▲ +44.4% QoQ
Net Income
$143M
▼ -3.3% YoY▲ +182.9% QoQ
Gross Margin
23.6%
▼ -108bp YoY▲ +476bp QoQ
Operating Margin
17.9%
▼ -104bp YoY▲ +731bp QoQ
Net Margin
11.9%
▼ -151bp YoY▲ +582bp QoQ
ROE
8.9%
Total Assets
$3.7B
EPS (Diluted)
$2.52
▼ -3.4% YoY▲ +183.1% QoQ
Operating Cash Flow
$250M
▲ +4.5% YoY▲ +688.3% QoQ
Source: XBRL data from Knife River Corp Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.
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