Knife River Q1 net loss widens to $68.7M; closes Strata acquisition; sees record FY2025

Knife River Corp

2025-Q1 EPS reported -$1.21 revenue$353,471,000

Q1 revenue $353.5M (+7% YoY); net loss $68.7M ($1.21/sh) vs $47.6M ($0.84/sh) a year ago.
Adjusted EBITDA loss widened to $38.0M from $17.7M in Q1 2024.
Acquisition of Strata Corporation closed; adds to aggregates and contracting capabilities.
Management expects record full-year revenue, net income, and adjusted EBITDA in 2025.
Updated full-year 2025 guidance provided (specific numbers not included in this excerpt).

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