Knife River Corporation — Third Quarter 2026 Earnings Summary

Knife River Corporation reported third-quarter 2026 revenue of $1.276 billion, a 6% increase year-over-year driven by higher asphalt paving and aggregate demand. Aggregate gross margin improved by 240 basis points to a record 29.6%, while net income decreased 4% to $137.9 million due to external headwinds in contracting services. The company updated its full-year 2026 guidance, projecting revenue between $3.375 billion and $3.425 billion and Adjusted EBITDA between $475 million and $505 million. Additionally, Knife River announced 'Sharper EDGE' initiatives aimed at targeted operational improvements to drive future growth and margin expansion.