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KNF · Knife River Corp

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$56.30 -0.38 (-0.67%) At close · Nov 13
S&P 400 member Russell 2000 member Rebalance outlook locked
Market Cap
$3.20B
Shares
56.76M
Volume · Nov 13 433.49K Avg daily vol (3M) 889.76K

Price & Indicators

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Indicators
Price
Panels
Event markers
20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$56.30 Open$56.99 Day$55.70–57.26 52W close$47.98–93.97 Avg vol 30d750K Short int4.1M · 7.2% of shares · 6.2d Short vol78% Last earningsNov 3, 2026 DataJun 2023–Nov 2026 Filing10-Q · Nov 3

Up next

Next earnings call
Feb 16, 2027 Est · unconfirmed · in 13 wks
Q3 2026 earnings call transcript
call held Nov 3, 2026
Play latest call

Latest documents

2026
Nov 3
Quarterly report 10-Q FY2026 Q3, ended Sep 30
Revenue rises as backlog falls and margins face pressure

Knife River reported third-quarter revenue growth of $71.9 million, but nine-month net income fell 18% to $102.6 million as contracting margins compressed. Backlog totaled $857 million at September 30, 2026, with approximately $691 million expected within 12 months.

Revenue $1.28B ▲ 6.0% Net income $137.88M ▼ 3.7% Diluted EPS $2.43 ▼ 3.6%
Read from the MD&A section
5 source passages
At Knife River, we are a people-first construction materials and contracting services company. Revenue increased $71.9 million, led by high-single digit volume increases for aggregates and asphalt, as well as an increase in contracting services. Net income | 137.9 | 143.2 | (4) | % | 102.6 | 125.1 | (18)% Partially offsetting the increase was lower margins on contracting services work due to the timing and type of projects, higher diesel fuel costs and competitive market dynamics. Of the $857 million of backlog at September 30, 2026, we expect to complete approximately $691 million in the 12 months following September 30, 2026. Open the document at this passage
Nov 3
Earnings call
Revenue rises 6%; aggregates margin nears 30%

Knife River reported revenue of $1.3 billion, up 6%, and adjusted EBITDA of $272 million; aggregates gross margin reached nearly 30% after a 240 basis point improvement. Full-year adjusted EBITDA guidance is $475 million to $505 million.

4 source passages
Our revenue increased 6% from the same time last year to $1.3 billion. Adjusted EBITDA was $272 million, and adjusted EBITDA margin was over 21%. Combined, these efforts helped us realize a 240 basis point improvement in aggregate gross margin to nearly 30% for the quarter. We now anticipate revenue of $3.375 billion to $3.425 billion and adjusted EBITDA of $475 million to $505 million. Open the document at this passage
Nov 3
Current report 8-K
Revenue rises 6% as 2026 guidance reflects headwinds

Knife River Corporation reported third-quarter 2026 revenue growth of 6% and a record 29.6% aggregate margin after a 240-basis-point improvement, while updating full-year 2026 guidance to reflect near-term headwinds.

Financial results, Regulation FD disclosure
4 source passages
KNIFE RIVER CORPORATION REPORTS THIRD QUARTER 2026 FINANCIAL RESULTS Revenue increased 6% year-over-year, driven by more asphalt paving and aggregate demand Aggregate margin improved by 240 basis points to a third quarter record 29.6% Knife River is updating its full-year 2026 guidance to reflect continued near-term headwinds and now expects financial results to be in the ranges noted in the following table. Open the document at this passage
Sep 23
Current report 8-K
Regulation FD disclosure

Knife River Corporation expects 2H26 contracting services margins to be approx. 9 to 10% amid fewer public bid lettings, construction delays, adverse weather and fuel costs; TTM Adjusted EBITDA was $501.6 million on Revenue of $3,307.5 million.

All documents

Metrics snapshot

Useful current figures from the complete screener profile.

Revenue (TTM)
$3.38B
Trailing 12 months
Net income (TTM)
$134.62M
Trailing 12 months
Revenue growth YoY
+6.0%
Year over year
Operating margin
8.1%
Trailing 12 months
P / E (TTM)
23.9
Trailing earnings · reciprocal yield 4.2%
FCF yield
-0.3%
TTM · current market cap
Return on invested capital
6.2%
Trailing 12 months
Net cash
−$1.44B
Latest balance sheet
Dividend yield
—
Trailing 12 months
Shares change YoY
-0.1%
Year over year · fewer shares
Price change (1Y)
-20.7%
Trailing year
Short interest
7.2%
Latest settlement · 6.2 days to cover
View all 125 metrics

Quarterly results

Revenue Net income Net loss
▲1.6% $657.22M $23.27M '24 Q4* ▲7.2% $353.47M −$68.71M '25 Q1 ▲3.3% $833.76M $50.60M '25 Q2 ▲8.9% $1.20B $143.15M '25 Q3 ▲14.9% $755.07M $32.03M '25 Q4* ▲16% $410.13M −$79.18M '26 Q1 ▲12.6% $938.59M $43.88M '26 Q2 LATEST ▲6% $1.28B $137.88M '26 Q3

* Q4 derived as the full year minus Q1 to Q3.

AI Brief

Q3 FY26 earnings call · Nov 3, 2026
Q3 FY26

TL;DR. Revenue grew 6%, while aggregate volumes, pricing, and gross margin improved and Sharper EDGE targets further margin gains. Near-term headwinds pressured contracting margins and backlog, asphalt and Energy Services profitability, and West revenue.

Bullish
  • + Revenue increased 6% year over year to $1.3 billion.
  • + Aggregate volumes increased 10%, pricing rose mid-single digits, and gross margin improved 240 basis points to 29.6%.
  • + Sharper EDGE plans to deploy over $125 million of capital on aggregate opportunities over three years.
  • + The South Dakota aggregates expansion is expected to add over 1 million tons per year at highly accretive margins.
  • + Full-year aggregates guidance calls for high-single-digit to low-double-digit volume growth, mid-single-digit pricing growth, and at least 150 basis points of gross-margin expansion.
  • + Management expects net leverage to decline to modestly above 2.5 times by year-end.
Bearish
  • − Management updated full-year 2026 guidance to reflect continued near-term headwinds.
  • − Contracting-services margin compressed because of fewer bid lettings in more profitable markets and increased competition elsewhere.
  • − Contracting-services backlog fell 14% because of fewer bid-letting opportunities.
  • − Asphalt gross margin declined because of increased competition for paving work and higher input costs.
  • − Energy Services EBITDA fell 18% because of lower sales volumes and higher material input costs.
  • − West revenue fell 8%, primarily because less contracting-services work was available in Oregon and California.

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

Equibles Rating

blended score · not investment advice
Overall
Sell
SellHoldBuy
Technical Neutral Momentum Weak Sentiment Neutral Fundamentals Poor Quant / Vol Very High
Market backdrop VIX 19.3 · elevated Equity put/call 0.63
Technical
price trend
Neutral
50 / 200-day cross No cross
Price vs 200-day avg −23%
below
Price vs 50-day avg +3%
above
RSI (14) 51
neutral
MACD trend Positive
52-week position 18%
mid-range
Volume (OBV) Confirms
volume backs price
Momentum
relative strength
Weak
1-month return +11%
trailing
6-month return −25%
trailing
YTD return −20%
this year
Relative strength −25%
vs S&P · 6-mo
Sentiment
smart money
Neutral
Trend (MA cross) No cross
50d $54 › 200d $73 — 200d above 50d
Institutional flow Distributing
343 of 394 funds reported for Sep 30 · net -2.3M sh shares · +26 new
Insider flow Flat
No net insider activity over 90 days
Short interest Falling
7.17% of shares out · ▼ -5.1% MoM · 6.2 days cover
Volume signal Normal
Volume near normal
Institution breadth Steady
394 holders — mid 3-yr range
Squeeze score 67
elevated · 0–100
Fundamentals
Poor
Revenue growth +9%
Y/Y
Gross margin 18%
contracting
EPS growth −22%
Y/Y
Valuation P/E 23.9
rich
Balance sheet $1.1B
net debt
Quant / Vol
risk profile
Very High
Volatility 51%
annualized · 1-yr
Max drawdown −49%
past year
ATR 4.9%
of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

Beat or met 2 of last 2
Latest guidance · from the Earnings Call filed Aug 4, 2026
2026
Revenue Raised $3.4B – $3.6B
Feb 17, 2026 $3.3B – $3.5B changed to Aug 4, 2026 $3.4B – $3.6B
prior FY $3.15B midpoint +11.3% Y/Y
Adjusted EBITDA Non-GAAP Maintained $520M – $560M
Feb 17, 2026 $520M – $560M changed to Aug 4, 2026 $520M – $560M
third quarter
Adjusted EBITDA Non-GAAP 55%
Previous outlook earlier release · from the 8-K filed May 5, 2026

Still-open targets the latest release did not restate under the same label.

Capital expenditures for maintenance and improvement · full-year 2026 5% – 7%
Guided vs delivered · last 2 settled
Revenue (Knife River Consolidated) full year 2024
guided $2.75B – $2.95B
$2.9B In line
Revenues full year 2023
guided $2.7B – $2.8B
$2.83B Beat +2.9%

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Neutral
1 · 4 · 2
50 / 200-day cross
No cross Neutral
Price vs 200-day avg
−23% Bearish
Price vs 50-day avg
+3% Bullish
RSI (14)
51 Neutral
MACD trend
Positive Bullish
52-week position
18% Neutral
Volume (OBV)
Confirms Neutral
Market signals — smart money & positioning
Mixed
Trend (MA cross) No cross
50d $54 › 200d $73 — 200d above 50d
Institutional flow Distributing
343 of 394 funds reported for Sep 30 · net -2.3M sh shares · +26 new
Insider flow Flat
No net insider activity over 90 days
Short interest Falling
7.17% of shares out · ▼ -5.1% MoM · 6.2 days cover
Volume signal Normal
Volume near normal
Institution breadth Steady
394 holders — mid 3-yr range
Price context
position in its 52-week range
Range low $48 Now $56 · 18% Range high $94
vs 200-day avg -23% vs 50-day avg +3%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

the company's own KPIs, from written earnings releases and filings
Metric Latest Period YoY
Adjusted EBITDA non-GAAP 501.6M Twelve Months Ended June 30, 2026 —
GAAP → non-GAAP reconciliation
GAAP Net income (loss) 139.9M
+213.3M Depreciation, depletion and amortization
+86.8M Interest expense, net
+50.9M Income taxes
-4.2M Unrealized (gains) losses on benefit plan investments
+11.1M Stock-based compensation expense
+3.8M Impact of selling acquired inventory after markup to fair value as part of acquisition accounting
= Adjusted EBITDA 501.6M
Adjusted EBITDA margin non-GAAP 14.9% three months ended June 30, 2026 —
Aggregate pricing (product mix-adjusted) 8% second quarter 2026 —
Aggregates (tons) sales volume 10.03M Three Months Ended June 30, 2026 —
Aggregates average selling price (per ton) $19.41 Three Months Ended June 30, 2026 —
Asphalt (tons) sales volume 2.03M Three Months Ended June 30, 2026 —
Asphalt average selling price (per ton) $65.77 Three Months Ended June 30, 2026 —
Backlog - Central 531M June 30, 2026 —
Backlog - Mountain 449.3M June 30, 2026 —
Backlog - West 235.7M June 30, 2026 —
Consolidated EBITDA non-GAAP 140.2M Three Months Ended June 30, 2026 —
Consolidated EBITDA margin non-GAAP 14.9% Three Months Ended June 30, 2026 —
Contracting services backlog 1.2B second quarter 2026 —
EBITDA non-GAAP $140.2M the three months ended June 30, 2026 filing —
GAAP → non-GAAP reconciliation
GAAP Net income (loss) 43.9M
+56.4M Depreciation, depletion and amortization
+23.9M Interest expense, net
+16M Income taxes
= EBITDA 140.2M
EBITDA - Central non-GAAP 53.6M Three Months Ended June 30, 2026 —
EBITDA - Energy Services non-GAAP 19.8M Three Months Ended June 30, 2026 —
EBITDA - Mountain non-GAAP 31M Three Months Ended June 30, 2026 —
EBITDA - West non-GAAP 49.2M Three Months Ended June 30, 2026 —
Gross debt 1.6B June 30, 2026 —
Ready-mix concrete (cubic yards) sales volume 1.19M Three Months Ended June 30, 2026 —
Ready-mix concrete average selling price (per cubic yard) $198.45 Three Months Ended June 30, 2026 —
Section 104 S&S Citations (#) 9 the three months ended June 30, 2026 filing —
Total backlog 1.22B June 30, 2026 —
Total debt, net non-GAAP 1.59B Twelve Months Ended June 30, 2026 —
Total segment EBITDA non-GAAP 153.6M Three Months Ended June 30, 2026 —
Total segment EBITDA, Central 53.6M the three months ended June 30, 2026 filing —
Total segment EBITDA, Energy Services 19.84M the three months ended June 30, 2026 filing —
Total segment EBITDA, Mountain 31.03M the three months ended June 30, 2026 filing —
Total segment EBITDA, West 49.22M the three months ended June 30, 2026 filing —

Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

Versus peers

Building Materials — same industry group
Open screener →
Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
KNF
Knife River Corp
this stock
$3.20B -20.0% +8.5% 23.9 7.2%
CRH
Crh Public Ltd Co
 $61.97B -25.4% +5.3% 17.5 2.1%
MLM
Martin Marietta Materials Inc
 $36.53B -17.5% +8.6% 13.6 4.7%
VMC
Vulcan Materials CO
 $35.76B -2.3% +6.4% 33.0 2.9%
AMRZ
Amrize Ltd
 $21.77B -24.4% +0.9% 18.0 2.8%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section
Ownership
Institutional Holders Reducing
Holders
360
% held
92.8%
Reported
343 of 394
Top holder
BlackRock, Inc.
Held Float
View
Held by Funds
Fund positions
373
View
Short & Settlement
Short Interest Falling
Shares short
4.1M
Days to cover
6.2d
Change
-218.2K sh
View
Short Volume
Short vol %
78%
As of
Nov 13, 2026
Short Total
View
Fails to Deliver
FTD shares
12.3K
Value
$601.4K
As of
Oct 14, 2026
View
Off-Exchange
Off-exchange %
40.2%
Week of
Oct 5, 2026
Off-exch Lit
View
Financials
Financials
Revenue (FY)
$3.1B
Net income (FY)
$157.1M
EPS diluted
$2.76
View
Filings
SEC Filings
Latest
8-K
Filed
Nov 3, 2026
This year
14

Knife River Corporation reported third-quarter 2026 revenue growth of 6% and a record 29.6% aggregate margin after a 240-basis-point improvement, while updating full-year 2026 guidance to reflect near-term headwinds.

View
Earnings & Events
Webcasts
Last webcast
Nov 3, 2026
View
Investor Relations
Latest news
Knife River Corporation Reports T…
Published
Nov 3, 2026
View

Performance

5D 20D 120D MTD YTD
KNF -0.2% +11.5% -24.7% -2.1% -20.0%
SPY +2.6% -1.2% +0.5% -0.2% +10.6%
vs SPY -2.8% +12.7% -25.2% -1.9% -30.6%
Key facts CIK 1955520 CUSIP 498894104 13F (30d) 294 filings 254 filers Visit website Investor relations