Knife River Q4 revenue beats on favorable weather conditions

Knife River

17/02/2026 11:08

Overview

Aggregates-based construction firm's Q4 revenue rose 15%, beating analyst expectations

Adjusted EBITDA for Q4 beat analyst expectations, driven by acquisitions and pricing

Company completed five acquisitions in 2025, expanding its footprint

Outlook

Knife River expects 2026 revenue between $3.3 bln and $3.5 bln

Company anticipates mid-single digit increase in aggregates volumes and pricing

Knife River plans continued strategic M&A activity in 2026

Result Drivers

FAVORABLE WEATHER - Co attributed record Q4 results to favorable weather conditions supporting extended construction seasons

ACQUISITIONS - Five acquisitions completed in 2025 contributed to increased revenue and expanded footprint, per CEO Brian Gray

INCREASED PRICING - Co reported high-single digit increase in aggregate pricing, contributing to revenue growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$755.10 mln
$726.10 mln (9 Analysts)
Q4 EPS
$0.56
Q4 Net Income
$32 mln
Q4 Adjusted EBITDA
Beat
$119.40 mln
$107.06 mln (8 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the construction materials peer group is "buy"

Wall Street's median 12-month price target for Knife River Corp is $94.50, about 17% above its February 13 closing price of $80.77

The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 18 three months ago

Press Release: ID:nBw52lTrva

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)