Short answer
Knife River Corp (KNF) filed its Q3 2025 10-Q quarterly report on Nov 5, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $1.2B (up 8.9% year over year) with net income of $143M.
Q3 2025 key financials · XBRL
- Revenue
- $1.2B
- +8.9% YoY · +44.4% QoQ
- Net income
- $143M
- −3.3% YoY · +182.9% QoQ
- Operating margin
- 17.9%
- Gross margin
- 23.6%
- EPS (diluted)
- $2.52
- −3.4% YoY · +183.1% QoQ
Source: XBRL data from the Knife River Corp (KNF) Q3 2025 10-Q on SEC EDGAR. USD.
Knife River Corp Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
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
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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