The earnings call revealed a mix of positive achievements, such as record backlog, successful acquisitions, and improved pricing initiatives, alongside challenges, including weather-related disruptions and a significant impact from the Oregon market. The company's strategic focus on growth and pricing discipline shows potential for recovery, but current challenges have led to a cautious outlook.

Company Guidance

During the Knife River Corporation's second quarter earnings call for 2025, the company revised its financial guidance amidst several challenges and opportunities. The guidance was adjusted to reflect an expected consolidated revenue range of $3.1 billion to $3.3 billion and an adjusted EBITDA between $475 million and $525 million. The revision included a $55 million reduction in the midpoint of the adjusted EBITDA guidance, largely due to weather-related disruptions and a softer market in Oregon, which accounted for over 50% of the variance in both quarterly and annual results. Despite these challenges, the company has a record backlog of $1.3 billion, driven by $650 million in new projects secured during the quarter. The company anticipates growth in volume across all product lines, supported by record DOT budgets in its operational states, which are projected to grow by 14% for fiscal year 2026, compared to a 3% increase for the U.S. average. In terms of product lines, Knife River expects mid-single to high-single digit increases in aggregate pricing and low double-digit growth in ready-mix volumes for the year.

Record Backlog

Knife River Corporation reported a record backlog of $1.3 billion, the highest in the company's history, with $650 million in new projects secured during the quarter, a $250 million increase from the same time last year.

Strong Performance in West Segment

Aggregate volumes were up almost 60% this quarter in Alaska, while ready-mix volumes were up in both Hawaii and Alaska. California saw a 30% improvement in contracting services revenue over last year.

Increased Transportation Funding

The state of Washington increased its transportation funding by over $2 billion, and Idaho approved funding focused on relieving congestion. North Dakota passed a spending bill allocating $800 million a year over the next two years for road construction projects.

Successful Acquisitions

The acquisition of Strata drove record second-quarter volumes, revenue, and EBITDA. Strata and Albina accounted for about 8% of total revenue for the quarter.

Improved Pricing Initiatives

The company reported improved pricing on aggregates, ready-mix, and asphalt, with aggregate prices up almost 12% and ready-mix prices up 8% over last year.

Knife River Corporation (KNF) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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KNF Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 10, 2025	2025 (Q3)	2.74 / -	2.6	―	―	―
Aug 05, 2025	2025 (Q2)	1.40 / 0.89	1.37	-35.04% (-0.48)
May 06, 2025	2025 (Q1)	-0.93 / -1.21	-0.84	-44.05% (-0.37)
Feb 13, 2025	2024 (Q4)	0.34 / 0.41	0.36	13.89% (+0.05)
Nov 04, 2024	2024 (Q3)	2.81 / 2.60	2.58	0.78% (+0.02)
Aug 06, 2024	2024 (Q2)	1.24 / 1.37	1	37.00% (+0.37)
May 07, 2024	2024 (Q1)	-0.86 / -0.84	-0.72	-16.67% (-0.12)
Feb 15, 2024	2023 (Q4)	0.17 / 0.36	0.318	13.21% (+0.04)
Nov 06, 2023	2023 (Q3)	1.86 / 2.58	1.762	46.42% (+0.82)
Aug 08, 2023	2023 (Q2)	0.58 / 1.00	0.682	46.63% (+0.32)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

KNF Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 05, 2025	$84.36	$86.00	+1.94%
May 06, 2025	$96.91	$91.81	-5.26%
Feb 13, 2025	$97.26	$101.42	+4.28%
Nov 04, 2024	$97.47	$89.23	-8.45%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Knife River Corporation (KNF) report earnings?

Knife River Corporation (KNF) is schdueled to report earning on Nov 10, 2025, Before Open (Confirmed).

What is Knife River Corporation (KNF) earnings time?

Knife River Corporation (KNF) earnings time is at Nov 10, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is KNF EPS forecast?

KNF EPS forecast for the fiscal quarter 2025 (Q3) is 2.74.

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