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

Knife River Q1 revenue rises 7% to $353.5 million; net loss widens to $68.7 million

Mixed Impact 4 of 5 earnings Written later

Knife River reported a first-quarter 2025 revenue increase of 7% to $353.5 million, but its net loss widened to $68.7 million from $47.6 million a year earlier, and adjusted EBITDA was a loss of $38.0 million. The company closed its acquisition of Strata Corporation, funded partly by a new $500 million Term Loan B, and updated full-year 2025 guidance to revenue of $3.25 billion to $3.45 billion and adjusted EBITDA of $530 million to $580 million.

Key points

  • Q1 2025 revenue was $353.5 million, up 7% from $329.6 million; net loss per share was $1.21 versus $0.84 a year earlier.
  • Adjusted EBITDA was a loss of $38.0 million, compared with a loss of $17.7 million in Q1 2024; the company described the seasonal first-quarter loss as in line with its expectations.
  • Full-year 2025 guidance: revenue of $3.25 billion to $3.45 billion and adjusted EBITDA of $530 million to $580 million; the company expects $45 million of EBITDA from Strata for the year.

The filing

CompanyKnife River (KNF)
Form8-K, current report
Filed with the SECMay 6, 2025, 7:47 AM ET
Accession number0001955520-25-000031

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 May 06, 2025.

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.