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Knife River KNF West — Less expected credit loss

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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$4.89B-9.4%

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:AllowanceForDoubtfulAccountsReceivable.

The official record: Knife River’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Knife River's west — less expected credit loss?
Knife River (KNF) reported west — less expected credit loss of $2.3M in Q1 2026.
How has Knife River's west — less expected credit loss changed year-over-year?
Knife River's west — less expected credit loss decreased by 4.4% year-over-year, from $2.41M to $2.3M.
What does west — less expected credit loss mean?
Represents the reduction in the allowance for credit losses due to the reversal of previously estimated uncollectible accounts within the segment. This metric reflects adjustments made when actual credit risk proves lower than initial projections or when specific receivables are recovered. It is a key indicator of the segment's credit risk management effectiveness.