Quarterly ResultAug 4, 2026, 08:46 AM
Knife River Q2 Revenue +13% to $938.6M; Raises FY26 Guidance
AI Summary
Knife River Corporation reported a 13% year-over-year revenue increase to $938.6 million for Q2 2026, driven by double-digit volume growth and a 20% rise in contracting services revenue. Despite a 13% decline in net income to $43.9 million and a 1% dip in Adjusted EBITDA, the company raised its full-year 2026 guidance for revenue and aggregate volumes, citing strong business fundamentals and contributions from acquisitions.
Key Highlights
- Q2 2026 revenue increased 13% to $938.6 million.
- Net income for Q2 2026 decreased 13% to $43.9 million, with EPS at $0.77.
- Adjusted EBITDA for Q2 2026 was $139.7 million, a 1% decrease.
- Contracting services revenue grew 20% year-over-year.
- Backlog sequentially increased to $1.2 billion.
- Raised full-year 2026 revenue guidance to $3.4 billion-$3.6 billion.
- Raised full-year 2026 Adjusted EBITDA guidance to $520 million-$560 million.
- Mountain segment revenue increased 34% to $236.5 million.
Price Impact
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