Knife River Corporation Reports First Quarter 2026 Financial Results
Knife River reported Q1 revenue of $410.1 million, up 16% year-over-year, driven by double-digit volume increases and improved cost controls that expanded Adjusted EBITDA margins by 290 basis points. The company issued full-year 2026 guidance targeting revenue of $3.30B to $3.50B and Adjusted EBITDA of $520M to $560M, supported by a record first-quarter backlog of $1.2 billion.
Key figures
- Revenue
- $410.1 million
- Guidance
- FY26 revenue $3.30B-$3.50B; Adjusted EBITDA $520.0M-$560.0M
- Revenue Yoy
- 16%
- Backlog
- $1.2 billion
- Adjusted ebitda
- (31.8)
- Net loss per share
- (1.40)
- Adjusted ebitda yoy
- 16%
AI analysis
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