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Knife River KNF Energy Services — CapEx

Other segment segments

Central
$29.35M+13.4%
Mountain
$19.24M+38.2%
West
$10.4M-61.4%

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Other financials

Income statement

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Revenue$410.1M+16.0%
Gross profit-$2.8M+71.1%
Operating income-$86.2M-4.3%
Net income-$79.2M-15.2%
EPS (diluted)-$1.40-15.7%

Balance sheet

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Cash & equivalents$75.5M-45.5%
Total debt$1.5B+21.7%
Total equity$1.6B+10.8%
Total assets$3.8B+16.4%

Cash flow

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Operating cash flow-$58.6M+53.3%
CapEx$77.3M+3.1%
Free cash flow-$135.9M+32.1%

Valuation

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Market cap$3.83B-22.4%
Enterprise value$5.24B-16.4%
P/E26.1×-6.1×
P/S1.2×-0.5×

Profitability

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Gross margin18.2%-0.7pp
Operating margin8.8%-1.0pp
Net margin4.6%-1.6pp
FCF margin-1.8%-7.2pp

Returns & leverage

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Return on equity9.9%-3.9pp
Debt / equity+0.1×
Current ratio2.7×-0.3×

Where this comes from

Reported directly by Knife River in its filing.

Tagged under the XBRL concept us-gaap:SegmentExpenditureAdditionToLongLivedAssets.

The source filing: Knife River’s 10-Q, filed May 5, 2026.

Filed
May 5, 2026, 4:48 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-030688
Line itemThree Months Ended March 31, 2026 / WestThree Months Ended March 31, 2026 / MountainThree Months Ended March 31, 2026 / CentralThree Months Ended March 31, 2026 / Energy ServicesThree Months Ended March 31, 2026 / TotalThree Months Ended March 31, 2025 / WestThree Months Ended March 31, 2025 / MountainThree Months Ended March 31, 2025 / CentralThree Months Ended March 31, 2025 / Energy ServicesThree Months Ended March 31, 2025 / Total
Other corporate revenue13973
Other corporate expenses(18,056)(18,090)
Total segment EBITDA$(17,473)$(23,447)
Capital expenditures$10,396$19,243$29,350$2,198$61,187$26,921$13,929$25,893$1,617$68,360
Assets$1,483,533$564,497$1,348,898$272,557$3,669,485$1,265,438$350,259$1,138,931$285,681$3,040,309
Other assets5,478,8194,778,400
Elimination of intercompany receivables and investment in subsidiaries5,330,4414,538,002
Total consolidated assets$3,817,863$3,280,707

Item 1. Financial Statements

FAQ

What is Knife River's energy services — capex?
Knife River (KNF) reported energy services — capex of $2.2M in Q1 2026.
How has Knife River's energy services — capex changed year-over-year?
Knife River's energy services — capex increased by 35.9% year-over-year, from $1.62M to $2.2M.
What is the long-term trend for Knife River's energy services — capex?
Over 4 years (2021 to 2025), Knife River's energy services — capex has grown at a 20.3% compound annual growth rate (CAGR), from $4.58M to $9.6M.
What does energy services — capex mean?
This metric measures the cash outflows used by the Energy Services segment to acquire, upgrade, and maintain physical assets such as property, plants, and equipment. It reflects the company's investment strategy and commitment to sustaining or expanding the operational capacity of this specific business unit.

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