Knife River Q2 Revenue Beats, Raises 2026 Outlook on Strong Demand
KNF sits 31% above its 52-week low of $58.72.
Summary
Knife River posted Q2 revenue of $938.6M, edging past the $931.4M consensus, while adjusted EBITDA of $139.7M missed the $161.7M estimate. The company raised its full-year revenue guidance to $3.4B-$3.6B and adjusted EBITDA to $520M-$560M, citing strong backlog and growth projects. Aggregate volumes are expected up high-single digits with mid-single-digit pricing gains. The EBITDA miss reflects higher energy costs and project timing, but the raised outlook signals confidence in sustained demand. This follows a Q1 where revenue grew 16% but net loss widened on seasonality and interest costs. The stock closed at $78.84, with a median analyst target of $105.
At the time of this announcement, KNF was trading at $76.81 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $4.5B. The 52-week trading range was $58.72 to $96.28. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.