Knife River Corporation filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission on November 3, 2026, reporting third-quarter total revenue of $1,275,601 thousand and net income of $137,879 thousand.

Key Highlights

  • Total revenue: $1,275,601 thousand for the three months ended September 30, 2026, compared with $1,203,717 thousand in the prior-year period.
  • Net income: $137,879 thousand for Q3 2026, compared with $143,151 thousand in Q3 2025.
  • Diluted EPS: $2.43 for the three months ended September 30, 2026, versus $2.52 for the same period in 2025.
  • Nine-month net income: $102,586 thousand for the nine months ended September 30, 2026, compared with $125,044 thousand in the prior-year nine-month period.
  • Total assets: $4,286,481 thousand as of September 30, 2026, up from $3,703,317 thousand as of September 30, 2025.
  • Long-term debt (noncurrent): $1,534,375 thousand as of September 30, 2026, compared with $1,175,968 thousand as of September 30, 2025.
  • Shares outstanding: 56,763,420 shares of common stock as of October 29, 2026.

Knife River's Third-Quarter 2026 Financial Results and Balance Sheet Position

According to the filing, Knife River Corporation (NYSE:KNF) reported total revenue of $1,275,601 thousand for the three months ended September 30, 2026, an increase from $1,203,717 thousand in the comparable prior-year quarter. The company disclosed that construction materials revenue was $671,007 thousand and contracting services revenue was $604,594 thousand for the third quarter of 2026. Gross profit for the quarter was $287,600 thousand, compared with $284,334 thousand in Q3 2025.

The filing disclosed operating income of $214,127 thousand for Q3 2026, compared with $215,205 thousand in Q3 2025. Interest expense increased to $24,718 thousand from $23,003 thousand in the prior-year quarter. Net income for the quarter was $137,879 thousand, with basic and diluted earnings per share of $2.43 and $2.43, respectively. For the nine months ended September 30, 2026, the company reported total revenue of $2,624,319 thousand and net income of $102,586 thousand, compared with $2,390,948 thousand and $125,044 thousand, respectively, in the prior-year period.

As of September 30, 2026, the company reported total assets of $4,286,481 thousand, including net property, plant and equipment of $2,182,858 thousand and goodwill of $583,996 thousand. Cash, cash equivalents, and restricted cash stood at $177,317 thousand, up from $123,418 thousand at December 31, 2025. The filing disclosed noncurrent long-term debt of $1,534,375 thousand as of September 30, 2026, compared with $1,153,830 thousand at December 31, 2025. The registrant is organized into four reportable segments: West, Mountain, Central, and Energy Services.

What Was Disclosed

Knife River Corporation filed its quarterly report covering the period ended September 30, 2026, disclosing revenue, net income, earnings per share, balance sheet figures, and segment structure for both the three-month and nine-month periods, with comparative data from 2025.