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Knife River Corporation (KNF) Q1 2025 Earnings Call Transcript

Knife River Corporation (NYSE:KNF) Q1 2025 Earnings Conference Call May 6, 2025 11:00 AM ET

Company Participants

Nathan Ring – Vice President & Chief Financial Officer
Brian Gray – President & Chief Executive Officer

Conference Call Participants

Brent Thielman – D.A. Davidson
Trey Grooms – Stephens
Kathryn Thompson – Thompson Research Group
Garik Shmois – Loop Capital
Ian Zaffino – Oppenheimer
Gabe Hajde – Wells Fargo

Operator

Good morning, ladies and gentlemen, and welcome to the Knife River Corporation First Quarter 2025 Results Conference Call. At this time, all lines are in a listen-only mode. Following the presentation, we will conduct a question-and-answer session. [Operator Instructions] Also note that this call is being recorded on Tuesday, May 06, 2025.

And now I would like to turn the conference over to Nathan Ring, Chief Financial Officer. Please go ahead.

Nathan Ring

Thank you, and welcome to everyone joining us for the Knife River Corporation first quarter results conference call. My name is Nathan Ring, Chief Financial Officer of Knife River, and I’m joined by our President and Chief Executive Officer, Brian Gray.

Today’s discussion will contain forward-looking statements about future operational and financial expectations. Actual results may differ materially from those projected in today’s forward-looking statements. For further detail, please refer to today’s earnings release and the risk factors discussed in our most recent filings with the SEC, which are available on our website and SEC website. Except as required by law, we undertake no obligation to update our forward-looking statements.

During this presentation, we will make references to certain non-GAAP information. These non-GAAP measures are defined and reconciled to the most directly comparable GAAP measure in today’s earnings release. These materials are also available on our website.

Brian will begin today’s call with a high-level overview of our 2025 results, followed

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