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Knife River KNF Energy Services — Current expected credit loss provision

Other segment segments

Central
$70K+133%
West
$67K
Mountain
$30K

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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-23.4%
Enterprise value$5.24B-17.2%
P/E26.1×-6.5×
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:ProvisionForDoubtfulAccounts.

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 itemWestMountainCentralEnergy ServicesTotal
As of December 31, 2025$2,405$274$1,602$908$5,189
Current expected credit loss provision67(34)7037140
Less write-offs charged against the allowance174521137274
At March 31, 2026$2,298$188$1,661$908$5,055

Item 1. Financial Statements

FAQ

What is Knife River's energy services — current expected credit loss provision?
Knife River (KNF) reported energy services — current expected credit loss provision of $37K in Q1 2026.
How has Knife River's energy services — current expected credit loss provision changed year-over-year?
Knife River's energy services — current expected credit loss provision decreased by 85.9% year-over-year, from $263K to $37K.
What is the long-term trend for Knife River's energy services — current expected credit loss provision?
Over 2 years (2023 to 2025), Knife River's energy services — current expected credit loss provision has grown at a 2789.6% compound annual growth rate (CAGR), from $1K to $835K.
What does energy services — current expected credit loss provision mean?
This represents the periodic expense recognized to adjust the allowance for doubtful accounts based on expected credit losses. It serves as a forward-looking indicator of potential payment defaults by customers within the Energy Services segment. An increasing provision suggests deteriorating credit quality or a more conservative outlook on customer solvency.

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