Knife River
Mines aggregates and integrates them into concrete, asphalt and infrastructure contracting.
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Profile
Mines and sells aggregates, then feeds part of that base into ready-mix concrete, asphalt and contracting services. Three regional segments pair local materials with road and heavy-civil work, while Energy Services supplies liquid asphalt; public infrastructure funding, private construction demand and weather shape results.
Mines crushed stone, sand and gravel, and turns part of that aggregate base into ready-mix concrete, asphalt and contracting work for roads, bridges, airport runways and commercial sites. West, Mountain and Central run regional materials-and-construction operations across 15 states; Energy Services supplies liquid asphalt to internal and third-party customers.
Vertical integration links local reserves, plants, logistics and paving crews, allowing the same network to supply materials and execute projects. Growth comes from reserve development, plant improvements and acquisitions in mid-size markets.
Heavy materials are costly to transport, so operations and competition are local. Demand depends on public infrastructure budgets and private construction activity, while northern markets are seasonal and exposed to weather. Aggregate reserves require permits and reclamation, and results also depend on fuel, cement and liquid-asphalt costs, project bidding and execution.
Company facts
Categories
Key statistics
Year to date −11.7% · Average volume (30d) 765.8K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 24, 2026 | D.A. Davidson | Target | $105 | $85 | ||
| Aug 5, 2026 | RBC Capital | Reiterate | Outperform | $107 | $103 | |
| Aug 5, 2026 | Stephens | Target | $105 | $80 | ||
| Aug 5, 2026 | Wells Fargo | Upgrade | Underweight | Equal Weight | $80 | $73 |
| Jun 30, 2026 | RBC Capital | Reiterate | Outperform | $109 | $107 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 4, 2026Q2 FY26 | $1.13 | $0.77 | −31.9% | $931.4M | $938.6M | +0.8% | −11.83% |
| May 5, 2026Q1 FY26 | −$1.42 | −$1.40 | +1.4% | $387.1M | $410.1M | +6.0% | +5.04% |
| Feb 17, 2026Q4 FY25 | $0.41 | $0.56 | +36.6% | $726.0M | $755.1M | +4.0% | −3.46% |
| Nov 4, 2025Q3 FY25 | $2.45 | $2.52 | +2.9% | $726.6M | $1.20B | +65.7% | +8.99% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $353.5M | $833.8M | $1.20B | $755.1M | $410.1M | $938.6M | |
| Gross profit | −$9.6M | $157.2M | $286.1M | $145.3M | −$2.8M | $162.8M | |
| Operating income | −$82.7M | $88.1M | $215.2M | $65.2M | −$84.2M | $81.1M | |
| Net income | −$68.7M | $50.6M | $143.2M | $32.0M | −$79.2M | $43.9M | |
| Diluted EPS | −$1.21 | $0.89 | $2.52 | $0.56 | −$1.40 | $0.77 | |
| Gross margin | -2.7% | 18.9% | 23.8% | 19.2% | -0.7% | 17.3% | |
| Operating margin | -23.4% | 10.6% | 17.9% | 8.6% | -20.5% | 8.6% |
Fiscal years (4-quarter sums)FY22 $2.53B · FY23 $2.83B · FY24 $2.90B · FY25 $3.15B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $40.7M · Total debt $1.67B · Total assets $4.18B · Shareholders' equity $1.61B
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 56.76M · Float 56.47M · 99.5% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 7.29M | 12.84% | 13F | Aug 7, 2026 |
| Price T Rowe Associates Inc /MD/ | 5.12M | 9.01% | 13F | Aug 14, 2026 |
| Capital World Investors | 3.24M | 5.70% | 13G | Aug 12, 2026 |
| Vanguard Portfolio Management | 2.87M | 5.05% | 13G | Jul 31, 2026 |
| Baillie Gifford & Co | 2.74M | 4.83% | 13F | Aug 6, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- Vulcan Materials
National aggregates leader with asphalt and concrete overlap
- Martin Marietta
Aggregates-led peer across materials and paving services
- CRH
Scaled North American materials and road-solutions rival
- Amrize
North America platform from foundation to rooftop
- Granite Construction
Civil contractor with aggregates and asphalt pull-through
- Construction Partners
Asphalt paving consolidator expanding into Texas
- Cemex (ADR)
Global cement, ready-mix and aggregates competitor
- Eagle Materials
Cement-heavy peer with concrete and aggregates overlap
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Knife River | $64.37 | +0.16% | $3.65B | 26.2 | 20.4 | 1.1 | +12.6% |
| Vulcan Materials | $274.03 | −0.20% | $35.57B | 32.4 | 27.8 | 4.4 | +2.5% |
| Martin Marietta | $530.45 | −0.09% | $31.90B | 13.0 | 26.9 | 4.8 | +7.5% |
| CRH | $95.86 | −0.03% | $64.05B | 15.1 | 22.7 | 1.1 | +5.6% |
| Amrize | $44.51 | −0.35% | $24.73B | 20.5 | 16.7 | — | +8.5% |
| Granite Construction | $122.52 | −0.02% | $5.36B | — | 17.5 | 1.1 | +29.3% |
| Construction Partners | $110.10 | +0.10% | $6.22B | 43.3 | 30.3 | 1.8 | +28.3% |
| Cemex (ADR) | $10.77 | −0.83% | $15.77B | 6.9 | 11.9 | 1.0 | +1,975.1% |
| Eagle Materials | $197.56 | 0.00% | $6.06B | 15.6 | 15.1 | 2.6 | +2.6% |
| Median | 15.6 | 20.1 | 1.8 | +8.0% |