刀河控股公司2025年季度报告

Knife River Corporation (Exact name of registrant as specified in its charter) 1150 West Century AvenueP.O. Box 5568Bismarck,North Dakota58506-5568(Address of principal executive offices) Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading symbol(s)Name of each exchange on which registeredCommon Stock, $0.01 par valueKNFNew York Stock Exchange Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12months (or for such shorter period that the registrant was required Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12months (or for such Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," Large Accelerated Filer☒ Accelerated FilerSmaller Reporting Company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transitionperiod for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act). Yes☐No☒. Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of May1, 2025: Introduction Knife River is an aggregates-led construction materials and contracting services provider in the United States. Our 1.2billiontons of aggregate reserves, as of December 31, 2024, provide the foundation for our vertically integrated business strategy,with approximately 37percent of our aggregates being used internally to support value-added downstream products (ready-mix concrete and asphalt) and contracting services (heavy-civil construction, asphalt paving, concrete construction, site We supply construction materials to customers from 14 states and also provide related contracting services, which areprimarily to public-sector customers for the development and servicing of highways, local roads, bridges and other public-infrastructure projects. We have broad access to high-quality aggregates in most of our markets, which forms the foundationof our vertically integrated business model. We share resources, including plants, equipment and people, across our variouslocations to maximize efficiency. We also transport our products by truck, rail and barge, depending on the particular market, In January 2025, we made a change to our organizational structure to better align with our business strategy. We reorganizedour business segments to reflect changes in the way our chief operating decision maker evaluates performance, makesoperating decisions and allocates resources. Our former Pacific and Northwest operating segments were combined to formthe new West operating segment. Our former North Central and South operating segments were combined to form the new Three of the reportable segments are aligned by key geographic areas, West, Mountain and Central, due to the production ofconstruction materials and related contracting services and one is based on product line. Each geographic segment offers avertically integrated suite of products and services, including aggregates, ready-mix concrete, asphalt and contractingservices, while the Energy Services segment, which has locations throughout our geographic footprint, produces and Part I -- Financial Information Knife River CorporationNotes to Consolidated March31, 2025 and 2024(Unaudited) Note 1 -Background At Knife River, we are a people-first construction materials and contracting services company. We provide construction materials and contracting services to build safe roads, bridges, airport runways and other critical infrastructure needs thatconnect people with where they want to go and with the supplies they need. We are one of the leading providers of crushed In January 2025, we made a change to our organizational structure to better align with our business strategy. We reorganizedour business segments to reflect changes in the way our chief operating decision maker evaluates performance, makesoperating decisions and allocates resources. Our former Pacific and Northwest operating segments were combined to formthe new West operating segment. Our former North Central and South operating segments were combined to form the newCentral operating segment. The reorganization resulted infouroperating segments: West, Mountain, Central and Energy Note 2 -Basis of presentation The accompanying consolidated interim financial statements were prepared in accordance with accounting principlesgenerally accepted in the United