Earnings ·
Knife River reports Q3 revenue of $1.28B and updates full-year guidance amid headwinds
KNFKnife River Corp
Knife River Corporation reported third-quarter 2026 results with revenue increasing 6% year-over-year to $1,275.6 million, driven by higher asphalt paving and aggregate demand. Net income decreased 4% to $137.9 million, or $2.43 per share diluted, while Adjusted EBITDA remained flat at $271.7 million. Aggregate margins improved significantly by 240 basis points to a record 29.6%, supported by mid-single-digit pricing increases and reduced variable production costs. However, contracting services faced headwinds from market dynamics and project delays. The company updated its full-year 2026 guidance, lowering expected revenue to $3,375–$3,425 million and Adjusted EBITDA to $475–$505 million to reflect near-term challenges. Knife River Corporation is an aggregates-based, vertically integrated construction materials and contracting services company.