Knife River Q1 revenue rises 16% to $410.1 million; net loss widens to $79.2 million
Knife River reported first quarter 2026 revenue of $410.1 million, up 16% from $353.5 million a year earlier, and its adjusted EBITDA loss narrowed to $31.8 million from $38.0 million. Its GAAP net loss widened to $79.2 million, or $1.40 per share, from $68.7 million, or $1.21 per share, a year earlier. The company expects full-year 2026 revenue of $3.3 billion to $3.5 billion and adjusted EBITDA of $520 million to $560 million, excluding future acquisitions.
Key points
- Revenue $410.1 million vs. $353.5 million; net loss $79.2 million ($1.40 per share) vs. $68.7 million ($1.21 per share)
- Adjusted EBITDA loss of $31.8 million vs. $38.0 million a year earlier; Mountain segment EBITDA loss narrowed to $8.2 million from $16.3 million
- Three acquisitions completed in the quarter, including Morgan Asphalt in Utah; $174.2 million spent on acquisitions
- 2026 guidance: revenue $3.3 billion to $3.5 billion; adjusted EBITDA $520 million to $560 million
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:38 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 05, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.