Knife River (KNF) Q2 FY26 earnings call

Knife River delivered solid underlying operational performance in Q2 FY26, achieving strong revenue growth and materials volume increases. Despite significant external headwinds from elevated energy costs, project delays, and an unfavorable project mix impacting adjusted EBITDA, the company's self-help initiatives are yielding results. Management anticipates improved performance in the second half, supported by robust infrastructure funding and strategic acquisitions, as it navigates a competitive market.