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Knife River KNF Energy Services — Goodwill, Measurement Period Adjustment

Other segment segments

North Central
-$1.1M
Central
-$1.09M
West
$306K
Mountain
$0

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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:GoodwillPurchaseAccountingAdjustments.

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 itemBalance at January 1, 2026Goodwill Acquired During the YearMeasurement Period AdjustmentsBalance at March 31, 2026
(In thousands)
West$137,575$306$137,881
Mountain26,81654,20581,021
Central323,903(1,086)322,817
Energy Services31,37431,374
Total$519,668$54,205$(780)$573,093

Item 1. Financial Statements

FAQ

What is Knife River's energy services — goodwill, measurement period adjustment?
Knife River (KNF) reported energy services — goodwill, measurement period adjustment of $0 in Q1 2026.
What does energy services — goodwill, measurement period adjustment mean?
This represents adjustments made to the initial purchase price allocation of an acquisition within the Energy Services segment during the measurement period. These adjustments occur as the company refines its estimates of the fair value of acquired assets and liabilities. It reflects the accuracy and finalization of accounting for recent business combinations.

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