Jun 2026 (Q2 FY26) — Aug 4, 2026
Knife River Corporation Q2 FY26 — Strong Operational Performance Despite Headwinds
Read the full callKnife River earnings: last reported Tue, 4 Aug 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 939 | +12.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 8.6 | −1.9 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 43.9 | −13.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Price
1Y: $64.92 on 17 Oct 2025 → $49.58. High $93.97 (17 Feb 2026), low $47.98 (14 Oct 2026).
Overview
Call summaries
Knife River Corporation Q2 FY26 — Strong Operational Performance Despite Headwinds
Read the full callEvery analysed call
Financials
Net profit, year on year: −13% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,105 | 657 | 353 | 834 | 1,204 | 755 | 410 | 939 |
| Operating profit | 209 | 44 | -83 | 88 | 215 | 65 | -86 | 81 |
| Operating margin | 18.9% | 6.7% | −23.4% | 10.6% | 17.9% | 8.6% | −21.0% | 8.6% |
| Interest | 14 | 13 | 15 | 22 | 23 | 21 | 21 | 25 |
| Profit before tax | 198 | 33 | -93 | 68 | 193 | 45 | -108 | 60 |
| Tax rate | 25.1% | 29.8% | 26.4% | 25.5% | 26.0% | 29.2% | 26.4% | 26.7% |
| Net profit | 148 | 23 | -69 | 51 | 143 | 32 | -79 | 44 |
| EPS ($ per share) | 2.62 | — | -1.21 | 0.89 | 2.53 | — | -1.40 | 0.77 |
| Line item | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Equity capital | — | 1 | 1 | 1 | 1 |
| Reserves | — | 495 | 666 | 868 | 1,025 |
| Total liabilities | 1,229 | 1,266 | 1,334 | 1,375 | 2,009 |
| Fixed assets | 1,250 | 1,315 | 1,315 | 1,442 | 2,029 |
| Total assets | 2,182 | 2,294 | 2,600 | 2,851 | 3,650 |
| Line item | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash from operations | 181 | 207 | 336 | 322 | 278 |
| Cash from investing | -398 | -156 | -118 | -295 | -914 |
| Cash from financing | 224 | -55 | 34 | -9 | 477 |
| Capital expenditure | -174 | -178 | -124 | -172 | -348 |
| Free cash flow | 7 | 29 | 211 | 150 | -70 |
23 filings between Feb 12, 2026 and May 20, 2026.
Nobody bought or sold KNF on the open market in this window. The filings below are 13 awards and 10 tax withholdings.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| May 20, 2026 | SANDBROOK WILLIAM J Director | Award | 2,040 | $0 |
| May 20, 2026 | Hill Thomas W. Director | Award | 2,040 | $0 |
| May 20, 2026 | MOSS PATRICIA L Director | Award | 2,040 | $0 |
| May 20, 2026 | Carmona-Alvarez German Director | Award | 2,040 | $0 |
| May 20, 2026 | Fagg Karen B Director | Award | 2,380 | $0 |
| May 20, 2026 | Chiodo Patricia Director | Award | 2,040 | $0 |
| Mar 6, 2026 | Gray Brian R. President & CEO | Award | 20,955 | $0 |
| Mar 4, 2026 | Kadrmas Marney L. VP & Chief Accounting Officer | Award | 1,199 | $0 |
| Mar 4, 2026 | Hastings Trevor J Vice President & COO | Award | 6,130 | $0 |
| Mar 4, 2026 | Ring Nathan W Vice President & CFO | Award | 5,211 | $0 |
| Mar 4, 2026 | Liepitz Karl A VP, Chief Legal Officer & Sec. | Award | 4,611 | $0 |
| Mar 4, 2026 | LaChapelle Sarah L. VP & Chief People Officer | Award | 2,713 | $0 |
| Mar 4, 2026 | Pladsen Glenn R. VP & Chief Excellence Officer | Award | 2,950 | $0 |
| Feb 12, 2026 | Liepitz Karl A VP, Chief Legal Officer & Sec. | Tax withheld | 8,648 | $706.9K |
| Feb 12, 2026 | Kadrmas Marney L. VP & Chief Accounting Officer | Tax withheld | 1,232 | $100.7K |
| Feb 12, 2026 | Ring Nathan W Vice President & CFO | Tax withheld | 1,922 | $157.1K |
| Feb 12, 2026 | Ring Nathan W Vice President & CFO | Tax withheld | 4,336 | $354.4K |
| Feb 12, 2026 | Hastings Trevor J Vice President & COO | Tax withheld | 2,880 | $235.4K |
| Feb 12, 2026 | Hastings Trevor J Vice President & COO | Tax withheld | 4,599 | $375.9K |
| Feb 12, 2026 | Gray Brian R. President & CEO | Tax withheld | 10,072 | $823.3K |
| Feb 12, 2026 | Gray Brian R. President & CEO | Tax withheld | 19,572 | $1.60M |
| Feb 12, 2026 | Pladsen Glenn R. VP & Chief Excellence Officer | Tax withheld | 1,385 | $113.2K |
| Feb 12, 2026 | Pladsen Glenn R. VP & Chief Excellence Officer | Tax withheld | 1,569 | $128.3K |
| May 22, 2025 | Carmona-Alvarez German Director | Award | 1,551 | $0 |
| May 22, 2025 | Chiodo Patricia Director | Award | 1,551 | $0 |
| May 22, 2025 | Fagg Karen B Director | Award | 1,810 | $0 |
| May 22, 2025 | Hill Thomas W. Director | Award | 1,551 | $0 |
| May 22, 2025 | MOSS PATRICIA L Director | Award | 1,551 | $0 |
| May 22, 2025 | SANDBROOK WILLIAM J Director | Award | 1,551 | $0 |
| Feb 28, 2025 | Gray Brian R. President & CEO | Award | 12,599 | $0 |
| Feb 27, 2025 | Kadrmas Marney L. VP & Chief Accounting Officer | Award | 709 | $0 |
| Feb 27, 2025 | Ring Nathan W Vice President & CFO | Award | 3,114 | $0 |
| Feb 27, 2025 | Ring Nathan W Vice President & CFO | Tax withheld | 1,698 | $160.9K |
| Feb 27, 2025 | Pladsen Glenn R. VP & Chief Excellence Officer | Award | 1,786 | $0 |
| Feb 27, 2025 | Pladsen Glenn R. VP & Chief Excellence Officer | Tax withheld | 1,292 | $122.4K |
| Feb 27, 2025 | Liepitz Karl A VP, Chief Legal Officer & Sec. | Award | 2,770 | $0 |
| Feb 27, 2025 | Liepitz Karl A VP, Chief Legal Officer & Sec. | Tax withheld | 7,083 | $671.0K |
| Feb 27, 2025 | Hastings Trevor J Vice President & COO | Award | 3,114 | $0 |
| Feb 27, 2025 | Hastings Trevor J Vice President & COO | Tax withheld | 4,016 | $380.4K |
| Feb 27, 2025 | Christenson Nancy K. VP of Administration | Tax withheld | 1,583 | $150.0K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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