Nov 3, 8:32 AM ET
Knife River reported third quarter 2026 revenue of $1.3 billion, up 6% year over year, while net income fell 4% to $137.9 million and diluted EPS fell to $2.43 from $2.52. The company updated its full-year 2026 guidance to reflect near-term headwinds, with revenue of $3,375.0 million to $3,425.0 million and Adjusted EBITDA of $475.0 million to $505.0 million.
- Q3 revenue was $1,275.6 million, up 6% from $1,203.7 million a year earlier.
- Net income was $137.9 million, down 4% from $143.2 million; diluted EPS was $2.43 versus $2.52.
- Adjusted EBITDA was $271.7 million, roughly flat versus $272.8 million in the prior-year quarter.
- 2026 guidance: revenue $3,375.0 million to $3,425.0 million; Adjusted EBITDA $475.0 million to $505.0 million. Net leverage was 2.9x at September 30, 2026.
Read the filing on SEC.gov ↗
Aug 4, 8:40 AM ET
Knife River reported second-quarter 2026 revenue up 13% to $938.6 million, driven by contracting services and acquisitions, while net income fell 13% to $43.9 million and Adjusted EBITDA fell 1% to $139.7 million. The company raised its full-year 2026 revenue and aggregate volume guidance, with revenue now expected at $3.4 billion to $3.6 billion.
- Q2 revenue of $938.6 million, up from $833.8 million, with contracting services revenue up 20%
- Q2 net income of $43.9 million ($0.77 per share), down from $50.6 million ($0.89 per share)
- Q2 Adjusted EBITDA of $139.7 million, down from $140.8 million; margin 14.9% versus 16.9%
- 2026 guidance: revenue $3.4 billion to $3.6 billion and Adjusted EBITDA $520 million to $560 million; contracting services backlog $1.2 billion
Read the filing on SEC.gov ↗
May 21, 4:37 PM ET
Knife River appointed Peggy S. Rebstock, its current vice president of financial planning and analysis, as vice president, chief accounting officer and controller effective May 21, 2026, replacing Marney L. Kadrmas in that role. At the May 20, 2026 annual meeting, stockholders re-elected two Class III directors, approved the advisory vote on executive pay, and ratified Deloitte & Touche LLP as auditor for 2026.
- Rebstock's annual base salary is $320,000, with a 50% target annual cash incentive for the 2026 plan year, prorated for her new role.
- Kadrmas was named senior vice president of financial strategy, effective May 21, 2026.
- Karen B. Fagg and Brian R. Gray were elected; Fagg received 44,894,087 votes for and Gray received 47,091,577.
- Deloitte & Touche LLP was ratified as independent registered public accounting firm for 2026 with 49,836,805 votes for.
Read the filing on SEC.gov ↗
May 18, 4:45 PM ET
Knife River Corporation entered into a Second Amendment to its Credit Agreement on May 15, 2026, increasing its existing term B loans by $400 million and cutting the interest rate margin by 0.25%. After the change, term B loans outstanding total $895 million, and the company plans to use the proceeds to refinance existing term B loans, repay revolver borrowings and fund working capital and general corporate purposes.
- Term B loans increased by $400 million; total outstanding is $895 million after the amendment
- Interest rate margin reduced by 0.25%; SOFR loans bear 1.75% per annum and alternate base rate loans bear 0.75% per annum
- Proceeds to refinance existing term B loans, repay Revolving Credit Facility borrowings and fund working capital and general corporate purposes
- Amendment signed May 15, 2026 with JPMorgan Chase Bank, N.A. as administrative agent; filed as Exhibit 10.1
Read the filing on SEC.gov ↗
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