Filing Flows › Knife River (KNF) › Q1 2025
Knife River (KNF) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
Knife River (KNF) reported revenue of $353M for the first quarter 2025 (Q1 2025), +7% from a year earlier and -46% from the quarter before. Operating margin was -23.4%, net loss $68.7M (19.4% of revenue).
Knife River, Q1 2025: revenue $353M (+7% year over year), operating margin -23.4%, net loss $68.7M, operating cash flow −$125M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $353M | -46% | +7% |
| Operating profit | −$82.7M | — | — |
| Net earnings | −$68.7M | — | — |
| Operating cash flow | −$125M | — | — |
What changed
Revenue was $353.5M in Q1 2025, up 7% year over year and down 46% from the previous quarter. Construction materials was the largest line at 60% of revenue. Construction materials added $9.3M year over year (up 5%), 39% of the total change. Aggregates declined 3%.
Operating costs exceeded revenue by $82.7M, an operating margin of -23.4%. The quarter ended with a net loss of $68.7M, after a profit of $23.3M the previous quarter.
Operating cash flow was −$125.3M. Non-cash charges added back $38.8M of depreciation and amortization and $2.8M of share-based compensation. Working capital and other items used $98.1M. Capital expenditures of $75.0M exceeded it, leaving free cash flow of −$200.2M.
Questions
What was Knife River's revenue in the first quarter 2025?
Knife River (KNF) reported revenue of $353M for the first quarter 2025 (Q1 2025), +7% from a year earlier and -46% from the quarter before.
Was Knife River profitable in the first quarter 2025?
Operating loss was $82.7M (-23.4% of revenue) and net loss $68.7M.
Source: Knife River 10-Q on SEC EDGAR.