Knife River: nine-month revenue reached $1.28B while EPS slipped to $2.43
Knife River reported in its 10-Q a 6% rise in revenue and a 3.7% drop in net income for the first nine months of 2026, according to TradingView.
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what happened
According to a TradingView summary of the company's 10-Q filing, Knife River booked revenue of $1.28B for the first nine months of 2026, up 6% from a year earlier. Net income fell 3.7% to $137.88M, and diluted earnings per share declined 3.6% to $2.43.
By segment, the Mountain region grew revenue 33% year to date and Central rose 17%, while West fell 6% on fewer contracting opportunities. Backlog stood at $857M, lower than a year ago, with expected margins also reduced. About 82% of the backlog is tied to publicly funded projects.
why it matters
For markets, the filing shows how US construction materials and infrastructure contractors are tied to public spending. Public infrastructure funding remains near record levels in most markets, and unspent money is expected to support state programs into 2027.
tags
instruments
sources
- Knife River 2026: Revenue $1.28B, EPS $2.43— 10-Q Summary — TradingView, 3 November 2026 at 21:41 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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