Knife River Corporation reports business updates for an aggregates-based, vertically integrated construction materials and contracting services company. The company mines and markets crushed stone, sand, gravel, ready-mix concrete, asphalt, liquid asphalt and related value-added products, and performs contracting services for publicly funded DOT projects and private industrial, commercial and residential work.
Recurring news themes include quarterly and annual results, material volumes and pricing, per-unit cost trends, project backlog, weather effects on construction activity, and completed aggregates-based acquisitions. Coverage also reflects regional expansion across its West, Mountain, Central and Energy Services segments and the integration of acquired ready-mix, asphalt, sand and gravel operations.
Knife River (NYSE: KNF) will host its third-quarter 2026 earnings conference call on November 3, 2026, at 11 a.m. EDT. Quarterly results will be released that morning before the NYSE market opens. A live webcast and presentation slides will be available on the company's investor website, with an on-demand webcast replay available after the call.
Knife River (KNF) responded on September 24, 2026, to a letter received that day from Starboard Value and its affiliates. Knife River first learned of Starboard's investment on September 22 and said it would engage with the investor to understand its views.
The company said its strategy since becoming independent in 2023 has focused on pricing, operating performance and efficiencies through its EDGE initiatives. It described its combined construction-materials and contracting operations as central to its approach and reiterated its focus on margin expansion, capital allocation and profitable growth.
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Knife River Corporation (NYSE: KNF) reported second quarter 2026 revenue of $938.6 million, up 13% year-over-year, driven by 20% growth in contracting services and double-digit volume and gross profit growth across material product lines. Net income was $43.9 million, down 13%, with net margin at 4.7%. Adjusted EBITDA was $139.7 million, slightly below the prior year, and Adjusted EBITDA margin declined to 14.9%, pressured by higher energy costs, project timing, mix of contracting services and lower gains on asset sales.
Knife River increased 2026 guidance to revenue of $3.4–$3.6 billion and Adjusted EBITDA of $520–$560 million, and expects high-single-digit aggregates volume growth. Contracting services backlog rose sequentially to $1.2 billion. As of June 30, 2026, the company held $40.7 million in unrestricted cash, gross debt of $1.6 billion and net leverage of 3.2x.
Knife River (NYSE: KNF) will host its second quarter 2026 earnings conference call at 11 a.m. EDT on Tuesday, Aug. 4, 2026. Financial results will be released that morning before the NYSE opens. A live webcast and slides will be accessible at investors.kniferiver.com, with domestic dial-in 1-585-542-9983, international dial-in 1-833-461-5787, and Conference ID 137711168. An on-demand webcast replay will be available after the call.
Knife River (NYSE: KNF) reported first quarter 2026 results: revenue $410.1M (up 16% YoY) and record first-quarter backlog of $1.2B. Adjusted EBITDA improved 16% to $(31.8)M with a 290-basis-point margin improvement. The company closed three aggregates-based acquisitions and provided full-year 2026 guidance of $3.3B–$3.5B revenue and $520M–$560M adjusted EBITDA.
Capital deployment included $174.2M of acquisitions and $35.0M on expansions in Q1; net leverage was 2.9x at March 31, 2026.
Knife River (NYSE: KNF) will hold its Q1 2026 earnings conference call at 11:00 a.m. EDT on Tuesday, May 5, 2026. Financial results will be released that morning before the NYSE opens. A live webcast and presentation slides will be available in the company's Investors section.
To join by phone use Domestic 1-800-715-9871 or International 1-646-307-1963 with Conference ID 9769431. An on-demand replay will follow the call.
Knife River (NYSE: KNF) has acquired the assets of Donaldson Brothers Ready Mix Inc., a ready-mix and aggregates supplier in western Montana, marking Knife River’s third Mountain Segment acquisition in 2026.
Donaldson supplies aggregates from three sources with over 30 years of supply, operates a ready-mix plant and manufactures precast concrete products, giving Knife River a foothold in the Bitterroot Valley south of Missoula.
Knife River (NYSE: KNF) acquired Morgan Asphalt Inc., an aggregates-based asphalt paving company serving northern Utah, expanding Knife River's Mountain Region footprint into Salt Lake City ahead of the 2026 construction season.
Operations include aggregate crushing with >30 years of proven reserves, an asphalt plant in west Salt Lake City, and contracting services (paving, excavating, grading). Morgan employs approximately 250 people at peak season and will be integrated into Knife River's 15-state network.
Knife River (NYSE: KNF) reported a record fourth quarter and solid 2025 results, with Q4 revenue $755.1M (+15% YoY) and Q4 Adjusted EBITDA $119.4M (+47% YoY). Full-year revenue was $3.146B (+9% YoY) while net income declined to $157.1M (‑22% YoY). The company completed five acquisitions in 2025, spent $610.0M on acquisitions, and finished with a record year-end backlog of $1.0B. Knife River provided 2026 guidance of $3.3–3.5B revenue and $520–560M Adjusted EBITDA.