Knife River Corporation reported second quarter 2026 financial results on August 4, 2026. Consolidated revenue increased 13% year-over-year to $938.6 million, driven by double-digit volume and gross profit growth across material product lines and a 20% increase in contracting services revenue. Net income decreased 13% to $43.9 million, or $0.77 per share, compared to $50.6 million in the prior year period, as Adjusted EBITDA remained flat at $139.7 million due to headwinds from energy costs and lower-margin contracting work. The company raised its full-year 2026 financial guidance, projecting revenue between $3.4 billion and $3.6 billion and Adjusted EBITDA between $520 million and $560 million. Additionally, the backlog for contracting services increased sequentially to $1.2 billion at June 30, 2026. Knife River Corporation operates in the construction materials industry, mining aggregates and providing vertically integrated contracting services.