Quarterly ResultAug 4, 2026, 05:33 PM
Knife River Q2 Revenue Up 12.6% to $938.6M; YTD Net Loss Widens to $35.3M
AI Summary
Knife River Corp reported mixed financial results for Q2 2026, with total revenue increasing by 12.6% to $938.6 million compared to Q2 2025. However, net income for the quarter decreased to $43.9 million from $50.6 million in the prior year. For the six months ended June 30, 2026, the company recorded a net loss of $35.3 million, a significant widening from the $18.1 million net loss in the same period last year. The company also completed four acquisitions totaling $184.4 million during the first half of 2026, expanding its footprint and capabilities.
Key Highlights
- Q2 2026 Total Revenue increased 12.6% to $938.6 million from $833.8 million in Q2 2025.
- Q2 2026 Net Income decreased to $43.9 million ($0.77 EPS) from $50.6 million ($0.89 EPS) in Q2 2025.
- YTD 2026 Net Loss widened to $35.3 million ($0.62 EPS) from $18.1 million ($0.32 EPS) in YTD 2025.
- Completed four acquisitions in H1 2026 for $184.4 million, adding $27.6 million in YTD revenue.
- Construction materials revenue rose to $532.1 million in Q2 2026, up from $493.6 million in Q2 2025.
- Contracting services revenue increased to $406.5 million in Q2 2026, up from $340.2 million in Q2 2025.
- Remaining performance obligations (backlog) stood at $1.2 billion as of June 30, 2026.
- Cash, cash equivalents, and restricted cash were $102.0 million at June 30, 2026.
Price Impact
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