Knife River Q2 revenue up 13% to $938.6 million; net income down 13%
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.
Key points
- 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
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:39 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 August 04, 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.