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Knife River (KNF)

Earnings summaries and quarterly performance for Knife River.

Recent press releases and 8-K filings for KNF.

Knife River Reports Record Q3 2025 Financial Results and Updates Full-Year Guidance
KNF
Earnings
Guidance Update
M&A
  • Knife River (KNF) achieved record financial results in Q3 2025, with revenue of $1.2 billion and adjusted EBITDA of $273 million, largely due to strong contributions from recent acquisitions.
  • The company narrowed its full-year 2025 guidance, projecting consolidated revenue between $3.1 billion and $3.15 billion and adjusted EBITDA between $475 million and $500 million.
  • Backlog reached a record high in Q3 2025, increasing 32% year-over-year, with a significant increase in higher-margin asphalt paving work secured for upcoming periods.
  • The "EDGE" strategy, which includes M&A, dynamic pricing, and cost control, is driving improved gross margins across all product lines and is expected to help achieve a long-term goal of 20% adjusted EBITDA margin.
Nov 4, 2025, 4:00 PM
Knife River Corporation Reports Q3 2025 Financial Results
KNF
Earnings
Guidance Update
M&A
  • Knife River Corporation reported record revenue of $1,203.7 million and record Adjusted EBITDA of $272.8 million for the third quarter ended September 30, 2025, representing increases of 9% and 11% respectively, compared to the prior year.
  • Net income for Q3 2025 was $143.2 million, or $2.52 per share, a 3% decrease from the same period last year.
  • The company achieved a record backlog of $995 million, which is 32% higher than the same period last year, with 87% of the backlog being public work.
  • Strategic acquisitions and a focus on price optimization and cost controls led to a 50 basis point improvement in Adjusted EBITDA margin.
  • Management narrowed its full-year 2025 guidance.
Nov 4, 2025, 12:59 PM
Knife River Corporation Reports Third Quarter 2025 Financial Results
KNF
Earnings
Guidance Update
Revenue Acceleration/Inflection
  • Knife River Corporation reported record revenue of $1,203.7 million for the third quarter ended September 30, 2025, marking a 9% increase from the prior year, and Adjusted EBITDA of $272.8 million, an 11% increase.
  • Net income for Q3 2025 was $143.2 million, or $2.52 per share, both decreasing by 3% compared to the same period last year.
  • The company achieved a record backlog of $995 million, which is 32% higher year-over-year, with 87% of this backlog related to public work.
  • Knife River narrowed its full-year 2025 guidance, projecting revenue between $3.1 billion and $3.15 billion and Adjusted EBITDA between $475 million and $500 million.
Nov 4, 2025, 12:00 PM

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