Knife River Corp SEC Filings

Carmona-Alvarez German reported acquisition or exercise transactions in this Form 4 filing.

Knife River Corp director Carmona-Alvarez German received an equity award in the form of restricted stock units. On May 20, 2026, the director was granted 2,040 shares of Knife River common stock at a price of $0.00 per share, reflecting a stock-based compensation grant rather than a market purchase. Following this award, the director directly holds 9,025 shares of common stock.

The footnote explains these are restricted stock units that vest on the day immediately prior to the next Knife River annual stockholder meeting after the grant date, as long as the director continues serving on the board through that vesting date. Each RSU represents the right to receive one share of Knife River common stock when it vests.

Knife River Corp executive Peggy S. Rebstock, VP, CAO and Controller, filed an initial ownership report showing her holdings of the company’s common stock. She directly owns 1,865 shares and indirectly holds 43 shares through a trust where she is both trustee and beneficiary. Footnotes also note unvested restricted stock units that may convert into additional shares if she remains employed through future vesting dates.

Knife River Corporation reported leadership changes and annual meeting voting results. The board appointed Peggy S. Rebstock, previously Vice President of Financial Planning and Analysis, as Vice President, Chief Accounting Officer and Controller effective May 21, 2026. Her annual base salary will be $320,000, with a target 2026 cash incentive of 50% of base salary, prorated for time in the new role, and an expected 2027 target equity award of 65% of base salary, subject to Compensation Committee approval. She continues to participate in the company’s long-term incentive and Change in Control Severance Plan with a 2x multiple.

Marney L. Kadrmas was retitled Senior Vice President of Financial Strategy, while Rebstock becomes principal accounting officer. At the annual stockholders’ meeting on May 20, 2026, shareholders elected directors Karen B. Fagg and Brian R. Gray, approved on an advisory basis the compensation of named executive officers, and ratified Deloitte & Touche LLP as independent registered public accounting firm for 2026.

Knife River Corporation amended its existing credit agreement on May 15, 2026, adding $400 million of new Term B loans and reducing the interest margin by 0.25%. After this Second Amendment, total Term B loans outstanding under the facility are $895 million, referred to as the 2026 Tranche B Term Loans.

These loans keep terms largely similar to the prior Term B loans, but now bear interest at either SOFR + 1.75% or an alternate base rate + 0.75%, at the company’s option. Knife River plans to use the proceeds to refinance its existing Term B loans, repay borrowings under its revolving credit facility, and support working capital and general corporate purposes.

T. Rowe Price Associates, Inc. filed Amendment No. 2 to Schedule 13G reporting beneficial ownership of 4,497,266 shares of Knife River Corp (KNF), representing 7.9% of the class as of 03/31/2026. The filing shows sole voting power for 4,486,119 shares and sole dispositive power for 4,497,266 shares. The document includes a statement denying beneficial ownership by T. Rowe Price Associates and is signed by a Vice President on 05/15/2026.

Knife River Corporation reported a larger seasonal loss but higher sales for the quarter ended March 31, 2026. Revenue rose to $410.1 million from $353.5 million, driven mainly by higher ready-mix concrete and aggregate volumes, including contributions from 2025 and 2026 acquisitions.

The company posted a net loss of $79.2 million, compared with a loss of $68.7 million a year earlier, with basic and diluted loss per share of $1.40. EBITDA improved to a loss of $35.4 million from a loss of $41.5 million as gross loss narrowed and cost controls helped offset higher interest expense.

Knife River continued its growth strategy, spending $174.2 million on three Mountain-region acquisitions and funding seasonal working capital and deals with a new $270 million borrowing under its revolving credit facility. Contracting backlog reached $1.17 billion, with about $914 million expected to convert to revenue within 12 months, supported by strong public infrastructure funding in its 15-state footprint.

Knife River Corporation reported higher first quarter 2026 revenue but remained unprofitable. Revenue rose 16% to $410.1 million, while net loss widened to $79.2 million, or $1.40 per share. Adjusted EBITDA was a loss of $31.8 million, an improvement from a $38.0 million loss, reflecting better margins.

The company completed three aggregates-based acquisitions and ended the quarter with record first quarter backlog of $1.2 billion. For full-year 2026, Knife River guides revenue between $3.3 billion and $3.5 billion and Adjusted EBITDA between $520 million and $560 million. Net leverage was 2.9x, with $1.4 billion of gross debt and $13.4 million of unrestricted cash as of March 31, 2026.

Knife River Corp ownership filing shows Vanguard Capital Management beneficially owns 2,979,706 shares of Common Stock as reported on 03/31/2026, representing 5.25% of the class. The filing states Vanguard has sole voting power for 433,816 shares and sole dispositive power for 2,979,706 shares, and that these holdings include securities held for Vanguard funds and managed accounts. The filing is signed by Ashley Grim as Head of Global Fund Administration on 04/30/2026.