SCHEDULE: T. Rowe Price Discloses 6.7% Stake in Knife River Corp

T. Rowe Price Associates, Inc. has reported a 6.7% beneficial ownership stake in Knife River Corp's common stock as of September 30, 2025.

Summary

• T. Rowe Price Associates, Inc. has filed an Amendment No. 1 to Schedule 13G regarding its beneficial ownership in Knife River Corp.
• The filing indicates T. Rowe Price Associates, Inc. beneficially owns 3,791,537 shares of Knife River Corp's common stock.
• This ownership represents 6.7% of the class of securities.
• T. Rowe Price Associates, Inc. holds sole voting power over 3,763,847 shares and sole dispositive power over 3,791,537 shares.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 6

Explanation: The filing indicates a significant institutional ownership stake, which can be viewed as a vote of confidence, though it is a passive disclosure and does not provide operational or financial performance details.

Positives

• A significant institutional investor, T. Rowe Price Associates, Inc., holds a 6.7% stake, which can be viewed as a vote of confidence in Knife River Corp.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding Knife River Corp's future performance or T. Rowe Price's investment strategy beyond the passive ownership disclosure.

Industry Context

The disclosure of a significant passive stake by a major investment adviser like T. Rowe Price is a routine event in the financial markets. It signals institutional interest in Knife River Corp, potentially indicating that the company fits within T. Rowe Price's investment mandates for its various funds.

Stakeholder Impact

• Shareholders may perceive the significant institutional ownership by T. Rowe Price as a positive indicator of the company's long-term value and stability.

Key Dates

Keywords

Knife River Corp, T. Rowe Price Associates, Institutional Ownership, Common Stock, Schedule 13G, Beneficial Ownership, Investment Adviser