Knife River Reports Q3 2026 Revenue Growth Amid Contracting Margin Compression
Knife River (KNF) reported third-quarter 2026 revenue of $1,275.6 million, a 6% increase year-over-year driven by robust aggregate demand and asphalt paving activity. Despite the top-line growth, net income fell 4% to $137.9 million as contracting services margins were squeezed by increased competition and fewer bid lettings in key markets like Oregon and Idaho. The company saw strong performance in its aggregates segment, with a 240 basis point margin improvement due to higher pricing and reduced production costs. However, these gains were offset by headwinds in energy services and contracting, where higher fuel costs and project delays impacted profitability. Management updated full-year guidance for revenue and adjusted EBITDA to reflect these shifting market dynamics.
Topics: aggregates volume contracting services margins EBITDA margin net income decrease revenue growth
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Part of the story Loomis Reports Record Revenue and Operating Margins for Q3 2026 (40 articles)