NYSE$KNF
Knife River Corp · Q2 2025 earnings
Q2 2025 earnings · · Before market open · Investor relations
Briefing
Knife River Corp reported Q2 2025 results with revenue growth driven by acquisitions and pricing.
Knife River Corporation achieved total revenue of $833.8 million for the three months ended June 30, 2025, up 3% year-over-year. Net income was $50.6 million with diluted EPS of $0.89. The quarter included contributions from the Strata acquisition and price increases across aggregates, ready-mix, and asphalt, partially offset by lower contracting services volumes in certain markets.
- Revenue increased 3% to $833.8 million, supported by acquisitions and mid-single digit price gains on aggregates and ready-mix.
- Net income declined 35% to $50.6 million due to reduced contracting services activity and higher per-unit costs from lower volumes.
- Segment EBITDA margins compressed in West and Mountain due to weather delays and project timing, while Central benefited from Strata contribution.
- Backlog reached $1.25 billion with 91% from public-sector projects, providing visibility into the second half of 2025.
Headline financials
Revenue & EPS history
Knife River · Revenue · Quarterly
$834M
Revenue by segment
Knife River · $834M total across 4 segments · Q2 2025
- West$317M—38.1%
- Central$255M—30.6%
- Mountain$176M—21.1%
- Energy Services$85.1M—10.2%
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 14 quarterly earnings reports
+1.5%
Avg return
Earnings day
+4.3%
Avg return
5 days after
+3.3%
Avg return
30 days after
64%
9 / 14 earnings
Positive
+16.6%
Q4 2025
Best reaction
-6.0%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2025 | — | — | — | |
| Q1 2026 | -3.6% | +0.2% | -15.2% | |
| Q4 2025 | +16.6% | +12.3% | -1.0% | |
| Q3 2025 | +8.5% | +16.2% | +21.2% | |
| Q1 2025 | -5.3% | -2.0% | -4.8% | |
| Q4 2024 | +4.3% | +8.0% | -4.1% | |
| Q3 2024 | -6.0% | +3.7% | +6.3% | |
| Q2 2024 | -0.7% | +3.6% | +6.4% | |
| Q1 2024 | -5.7% | -2.8% | -16.0% | |
| Q4 2021 | +0.1% | +3.1% | +12.2% | |
| Q4 2023 | +1.0% | +0.2% | +9.2% | |
| Q3 2023 | +1.2% | +2.4% | +12.1% | |
| Q3 2022 | +1.2% | +2.4% | +12.1% | |
| Q2 2023 | +5.0% | +6.5% | +4.3% | |
| Q2 2022 | +5.0% | +6.5% | +4.3% | |
| Q1 2023 | — | — | — | |
| Q4 2022 | — | — | — | |
| Q1 2022 | — | — | — |
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