Knife River Corp
Close on Oct 19, 2026
- Market cap
- $2.82B
- P/E (TTM)
- 20.2
- Dividend yield
- –
About Knife River
Mining & Quarrying of Nonmetallic Minerals (No Fuels), SIC 1400
Knife River Corporation supplies construction materials and delivers contracting services throughout the United States. Its primary product lines encompass aggregates—such as crushed stone, sand, and gravel—along with ready-mix concrete, asphalt, and liquid asphalt. The company organizes its business into four reportable segments: West, Mountain, Central, and Energy Services. It caters to both public-sector agencies at the federal, state, and municipal levels and private-sector clients, including industrial, commercial, and residential developers. The contracting services unit predominantly supports public infrastructure developments, specifically highways, local roadways, and bridges.
Headquartered in Bismarck, North Dakota, the company conducts operations across fourteen states in the western and central United States. Its asset network includes 208 active aggregate mining sites, 135 ready-mix concrete plants, 55 asphalt plants, and 9 liquid asphalt terminal locations. Additionally, the company maintains storage facilities in Alaska and Hawaii, distribution sites across Hawaii, and a specialized fleet of more than 1,100 mixer trucks to supply materials across its markets.
Summary of the business section of Knife River's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Knife River Corp
- Headquarters
- Bismarck, ND
- Address
- 1150 W. Century Ave, 58503
- Phone
- (701) 530-1400
- Employees
- 5,298, Dec 31, 2025
- Industry
- Mining & Quarrying of Nonmetallic Minerals (No Fuels)
- Incorporated in
- Delaware
- Fiscal year ends
- December 31
- Auditor
- Deloitte & Touche LLP, Minneapolis, Minnesota
Stock & identifiers
- Ticker
- KNF
- Exchange
- NYSE
- IPO date
- Nov 6, 2023
- Shares outstanding
- 57M, Jul 30, 2026
- Public float
- $4.63B, Jun 30, 2025
- Filer category
- Large accelerated filer
- Stock splits
- 707-for-1, Aug 8, 2023
- SEC CIK
- 1955520
- CUSIP
- 498894104
- ISIN
- US4988941047
- EIN
- 92-1008893
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Brian R. Gray | President & CEO, Director | 92,912 |
| Peggy S. Rebstock | VP, CAO and Controller | 1,908 |
| Karl A. Liepitz | VP, Chief Legal Officer & Sec. | 46,209 |
| Nathan W. Ring | Vice President & CFO | 32,932 |
| Trevor J. Hastings | Vice President & COO | 48,244 |
| Glenn R. Pladsen | VP & Chief Excellence Officer | 25,580 |
| Marney L. Kadrmas | VP & Chief Accounting Officer | 7,377 |
| Sarah L. LaChapelle | VP & Chief People Officer | 6,476 |
| Nancy K. Christenson | VP of Administration | 47,109 |
| Karen B. Fagg | Director | 33,317 |
| Patricia L. Moss | Director | 31,874 |
| Thomas W. Hill | Director | 5,496 |
| German Carmona-Alvarez | Director | 9,025 |
| Patricia Chiodo | Director | 5,553 |
| William J. Sandbrook | Director | 7,735 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Brian R. Gray | $5.82M | -$242.49K | $1.72M | $201 | $122 |
| FY2024 Brian R. Gray | $6.94M | $11.33M | $2.13M | $290 | $117 |
| FY2023 Brian R. Gray | $4.99M | $6.54M | $1.84M | $189 | $120 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of December 31, 2025, we employed 5,298 people, all of whom were employed in the United States.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Nov 6, 2023 | IPO | Initial public offering priced (424B4 prospectus) |
| Jun 1, 2023 | Name change | Name changed from Knife River Holding Co to Knife River Corp |
| Mar 10, 2023 | Spin-off | Registration as a new public company (Form 10), e.g. spin-off |