Knife River Holding Co 2026年季度报告

FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period ended March31, 2026OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from _____________ to ______________Commission file number 1-41642 Knife River Corporation (Exact name of registrant as specified in its charter) 92-1008893 Delaware(State or other jurisdiction ofincorporation ororganization) (I.R.S. Employer Identification No.) 1150 West Century AvenueP.O. Box 5568Bismarck, North Dakota58506-5568(Address of principal executive offices)(Zip Code)(701) 530-1400(Registrant's telephone number, including area code) 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 the SecuritiesExchange Act of 1934 during the preceding 12months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90days. Yes☒No☐. Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuantto Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12months (or for such shorter period that the registrantwas required to submit such files). Yes☒No☐. Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reportingcompany," and "emerging growth company" in Rule12b-2 of the Exchange Act. Large Accelerated Filer☒Non-Accelerated Filer☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ 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 April30, 2026: 56,753,855shares. Introduction Knife River is an aggregates-based, vertically integrated construction materials and contracting services company with 1.3billion tons ofaggregate reserves as of December 31, 2025. About 35percent of these aggregates support internal production of ready-mix concrete,asphalt, and various contracting services, including heavy-civil and concrete construction. Our company targets mid-size, higher-growthmarkets and is dedicated to growth and stakeholder value through our core values: People, Safety, Quality, and the Environment. We supply construction materials and contracting services in the United States and operate across 15 states, mainly serving public-sector infrastructure projects like highways and bridges. Our access to high-quality aggregates supports our vertically integrated model,allowing us to share resources and maximize efficiency. Products are transported by truck, rail, or barge, depending on the market.Strategically located aggregate sites, plants, and a large fleet help us serve customers effectively. This integrated approach providesscale, efficiency, and operational excellence, benefiting customers, shareholders, and communities. Our business is organized into four operating segments, each of which is also a reportable segment. Three of the reportable segmentsare aligned by key geographic areas, West, Mountain and Central. Each geographic segment offers a vertically integrated suite ofproducts and services, including aggregates, ready-mix concrete, asphalt and contracting services. The Energy Services segment,which has locations throughout our geographic footprint, produces and supplies liquid asphalt and related services, primarily for use inasphalt road construction. For more information on our business segments, see Note 15 of the Notes to Consolidated FinancialStatements. Part I -- Financial Information Knife River CorporationConsolidated Statements of Equity(Unaudited) Knife River CorporationNotes to ConsolidatedFinancial Statements March31, 2026 and 2025(Unaudited) Note 1 -Background At Knife River, we are a people-first construction materials and contracting services company. We provide construction materials andcontracting services to build safe roads, bridges, airport runways and other critical infrastructure needs that connect people with wherethey want to go and with the supplies they need. We are one of the leading providers of crushed stone and sand and gravel in theUnited States and operate across 15 states. We conduct our opera