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Knife River Corp

KNF · Materials

Last earnings Aug 4, 2026

Key results

Revenuequarter

$833.8 million

revenue of $833.8 million, a 3% increase from the prior-year, primarily driven by contributions from Strata and Albina operations and increased product pricing, offset in part by a decrease in contracting services workloads in Oregon and Montana.

SEC original ↗Knife River Corp — Earnings release (8-K exhibit)EX-99Aug 5, 2025

revenue decreased to $176.1 million, primarily the result of less contracting services activity in Montana and Idaho, due to the type and timing of work, particularly fewer asphalt paving and airport projects during the quarter compared to the same period last year.

SEC original ↗Knife River Corp — Earnings release (8-K exhibit)EX-99Aug 5, 2025

revenue increased 19% year-over-year to $255.2 million, largely from the contributions of Strata's operations.

SEC original ↗Knife River Corp — Earnings release (8-K exhibit)EX-99Aug 5, 2025

revenue increased 28% year-over-year, primarily related to the prior year's Albina Asphalt acquisition, as well as our newly constructed polymer modified asphalt plant in South Dakota.

SEC original ↗Knife River Corp — Earnings release (8-K exhibit)EX-99Aug 5, 2025

AI analysis

Q2 2025 · reported Aug 5, 2025

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Revenue · Q2 2025
$833.8M
EX-99 · Aug 5, 2025

Headline figures

MetricQ2 2025Prior qtrYear ago
Revenue$833.8 million——

EX-99 · Aug 5, 2025

Guidance · company-stated

No guidance located in the held release

Outlook statement

“2 billion Raised guidance for revenue and aggregate volumes BISMARCK, N.”

Next earningsNo verified date on fileNo date is estimated or imported

Capital allocation

Capexfull year5%

For the full year 2025, we expect capital expenditures for maintenance and improvement to be between 5% and 7% of revenue guidance.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Knife River Corp Q2 2025 — revenue of $833.8 million, a 3% increase from the prior-year, primarily driven by contributions from Strata and Albina operations and increased product pricing, offset in part by a decrease in contrac…

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Guidance & outlook

No guidance located in the held release

Capital allocation

For the full year 2025, we expect capital expenditures for maintenance and improvement to be between 5% and 7% of revenue guidance.

SEC original ↗Knife River Corp — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Capital expenditures for future acquisitions and new organic growth opportunities would be incremental to our outlined capital program.

SEC original ↗Knife River Corp — Earnings release (8-K exhibit)EX-99Aug 5, 2025

4 As of June 30, 2025, Knife River had $26.6 million of unrestricted cash and cash equivalents, $1.4 billion of gross debt and $294.0 million of available capacity under its revolving credit facility, net of outstanding letters of credit.

SEC original ↗Knife River Corp — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Net leverage, defined as the ratio of net debt to trailing-twelve-month Adjusted EBITDA, was 3.1x at June 30, 2025, as expected during peak construction season and with the acquisitions we have funded.

SEC original ↗Knife River Corp — Earnings release (8-K exhibit)EX-99Aug 5, 2025

10 NON-GAAP FINANCIAL MEASURES EBITDA, EBITDA margin, Adjusted EBITDA, Adjusted EBITDA margin, as well as total segment measures, as applicable, net debt and net leverage are considered non-GAAP measures of financial performance.

SEC original ↗Knife River Corp — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Net debt and net leverage are most directly comparable to the corresponding GAAP measures of total debt.

SEC original ↗Knife River Corp — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Strategy & priorities

We believe these investments, along with a laser focus on our Competitive EDGE strategy, our proven business model and the nation's clear demand for infrastructure development, will continue to drive meaningful growth at Knife River for years to come.

SEC original ↗Knife River Corp — Earnings release (8-K exhibit)EX-99Aug 5, 2025

As we have demonstrated the past eight quarters since launching EDGE, we are focused on what we can control, including project execution, strategic growth, self-help through our Process Improvement Teams and optimizing the pricing of our materials, Gray said.

SEC original ↗Knife River Corp — Earnings release (8-K exhibit)EX-99Aug 5, 2025

EDGE Strategic Acquisitions The integration of Strata into our systems and processes is on schedule, creating synergies that we expect will have a positive effect in the second half of 2025 and going forward.

SEC original ↗Knife River Corp — Earnings release (8-K exhibit)EX-99Aug 5, 2025

EDGE Process Improvement Teams Our PIT Crews made further progress on EDGE initiatives to drive improvements in our business, including Training on variable operating costs for over 80 aggregate plant managers.

SEC original ↗Knife River Corp — Earnings release (8-K exhibit)EX-99Aug 5, 2025

We remain focused on price optimization, cost control and executing on our record backlog.

SEC original ↗Knife River Corp — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Risks & headwinds

While we had a slower start to the construction season than anticipated primarily due to wet weather throughout many of our states, project availability in Oregon and project timing in Mountain these are challenges we have seen before and successfully managed.

SEC original ↗Knife River Corp — Earnings release (8-K exhibit)EX-99Aug 5, 2025

The absence of that new package will continue to be a headwind in 2025.

SEC original ↗Knife River Corp — Earnings release (8-K exhibit)EX-99Aug 5, 2025

On the private side, high interest rates and macroeconomic uncertainty have continued to delay private projects.

SEC original ↗Knife River Corp — Earnings release (8-K exhibit)EX-99Aug 5, 2025

However, Oregon has been a top performer for us over the last decade, and we expect it will continue to significantly contribute to Knife River's success, despite the current challenges.

SEC original ↗Knife River Corp — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Legal Proceedings 40 Item 1A.

SEC original ↗Knife River Corp — 10-Q Quarterly report10-QAug 4, 2026

We believe this level of disaggregation best depicts how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors.

SEC original ↗Knife River Corp — 10-Q Quarterly report10-QAug 4, 2026

Documents

Earnings deck slides

0 decks with slide view

Knife River Corp — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

Rio Tinto (RIO) MaterialsCemex Sab De Cv (CX) MaterialsWheaton Precious Metals (WPM) MaterialsNucor (NUE) MaterialsFranco-Nevada (FNV) MaterialsKinross Gold (KGC) MaterialsBarrick Mining (B) MaterialsCarpenter Technology (CRS) Materials

Filings

30 documents

Earnings releases

9 documents

Presentations

1 document

Transcripts

0 documents

No transcripts for Knife River Corp are held in this edition of the library.

See also the earnings calendar for every tracked company’s next earnings date.