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AI brief of an SEC Form 8-K · Knife River (KNF)

Knife River Q4 net income rises 38% to $32.0 million; full-year profit falls 22%

Mixed Impact 3 of 5 earnings Written later

Knife River reported record fourth-quarter 2025 revenue of $755.1 million, up 15%, and net income of $32.0 million, up 38%. For the full year, revenue rose 9% to $3.15 billion, but net income fell 22% to $157.1 million, and the company issued 2026 guidance of $3.3 billion to $3.5 billion in revenue and $520 million to $560 million in adjusted EBITDA.

Key points

  • Q4 2025 diluted EPS was $0.56, versus $0.41 a year earlier; full-year diluted EPS was $2.76, versus $3.55 in 2024.
  • Full-year 2025 adjusted EBITDA rose 7% to $496.5 million, while the adjusted EBITDA margin fell to 15.8% from 16.0%.
  • 2026 guidance: revenue of $3.3 billion to $3.5 billion and adjusted EBITDA of $520 million to $560 million, based on normal weather and conditions and excluding potential acquisitions.
  • The company completed five acquisitions in 2025 and reported year-end backlog of $1.03 billion, versus $745.6 million a year earlier.

The filing

CompanyKnife River (KNF)
Form8-K, current report
Filed with the SECFeb 17, 2026, 7:05 AM ET
Accession number0001628280-26-008306

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 17, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.