Knife River Q3 Earnings Fall, Revenue Rises; Trims 2026 Revenue Guidance

Knife River reported third-quarter 2026 earnings per share of $2.43, below the FactSet consensus of $2.60. Revenue was $1.28 billion, missing the $1.30 billion estimate. The construction materials company lowered its 2026 revenue guidance to $3.38 billion–$3.43 billion, below the prior FactSet estimate of $3.43 billion.