Knife River Q2 FY26 net income drops 13% to $43.9 million; revenue rises 13% to $938.6 million

• Knife River posted Q2 net income of USD 43.9 million, down 13%, as revenue rose 13% to USD 938.6 million.
• Adjusted EBITDA (non-GAAP) edged down 1% to USD 139.7 million; adjusted EBITDA margin narrowed 2 percentage points to 14.9%.
• CEO Brian Gray cited higher energy costs, delayed projects, contracting mix and weaker asset-sale gains of USD 0.65 million versus USD 10.3 million last year.
• Contracting services revenue rose 20%; aggregate pricing improved 8% on a product mix-adjusted basis, with a contracting backlog of USD 1.22 billion.
• Maintained full-year revenue outlook of USD 3.4 billion to USD 3.6 billion; adjusted EBITDA seen at USD 520 million to USD 560 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Knife River Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20260804756159) on August 04, 2026, and is solely responsible for the information contained therein.