Quarterly ResultMay 5, 2026, 04:53 PM
Knife River Q1 Revenue Up 15.9% to $410.1M; Net Loss Widens to $79.2M
AI Summary
Knife River Corp reported a 15.9% increase in total revenue to $410.1 million for the three months ended March 31, 2026, compared to $353.5 million in the prior year. Despite the revenue growth and a significant reduction in gross loss, the company's net loss widened by 15.2% to $79.2 million, or $(1.40) per share. The company also completed three acquisitions totaling $174.2 million, expanding its Mountain segment and entering a new state, and reported a strong backlog of $1.2 billion.
Key Highlights
- Total revenue increased 15.9% to $410.1 million for Q1 2026.
- Net loss widened 15.2% to $79.2 million, or $(1.40) per share.
- Gross loss significantly reduced by 71.1% to $2.8 million.
- Completed three acquisitions totaling $174.2 million in Q1 2026.
- Remaining performance obligations (backlog) stood at $1.2 billion.
- Mountain segment revenue grew 23.1% to $81.2 million.
- Central segment revenue surged 49.1% to $101.2 million.
- Energy Services segment revenue increased 43.6% to $16.6 million.
Price Impact
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