Knife River Q4 net income up 12% to $23.3 million; record 2024 revenue of $2.9 billion
Knife River reported fourth-quarter 2024 revenue of $657.2 million, up 2%, and net income of $23.3 million, up 12% from a year earlier, with diluted EPS of $0.41 versus $0.36. For full-year 2024, revenue reached a record $2.9 billion and net income rose 10% to $201.7 million. The company also introduced 2025 revenue guidance of $3.0 billion to $3.2 billion and adjusted EBITDA guidance of $485 million to $535 million, excluding the pending $454 million Strata acquisition.
Key points
- Q4 2024 net income $23.3 million vs. $20.7 million; diluted EPS $0.41 vs. $0.36
- Full-year 2024 revenue $2.9 billion, up 2%; adjusted EBITDA $463.0 million, up 7%
- 2025 guidance: revenue $3.0 billion to $3.2 billion; adjusted EBITDA $485 million to $535 million
- Strata Corporation acquisition for $454 million remains on track, with anticipated closing in the first half of 2025
The filing
Written by AI on Nov 8, 2026, 1:39 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 13, 2025.
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