Filing Flows › Knife River (KNF) › Q2 2026 › vs Q1 2026
Knife River (KNF) Q2 2026 vs Q1 2026 (quarter over quarter)
Knife River's revenue rose $528M (+129%) from $410M in Q1 2026 to $939M in Q2 2026. Operating margin 8.6% against -21.0% (+29.7 pts).
Knife River, Q2 2026: revenue $939M (+13% year over year), operating margin 8.6%, net earnings $43.9M, operating cash flow −$75.1M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 8.6% | -21.0% | +29.7 pts |
| Net margin | 4.7% | -19.3% | +24.0 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $939M | $410M | $528M | +129% |
| Cost of revenue | $776M | $413M | $363M | +88% |
| Operating profit | $81.1M | −$86.2M | $167M | — |
| Pre-tax earnings | $59.8M | −$108M | $167M | — |
| Other expense, net | $21.3M | $21.4M | −$103K | -0.5% |
| Net earnings | $43.9M | −$79.2M | $123M | — |
| Income tax | $16.0M | −$28.4M | $44.4M | — |
| Operating cash sources | $178M | $34.4M | $143M | +417% |
| Depreciation & amortization | $56.4M | $52.1M | $4.2M | +8% |
| Share-based compensation | $2.6M | $2.9M | −$306K | -11% |
| Cash used in operations | $75.1M | $58.5M | $16.5M | +28% |
| Working capital & other | $178M | $34.4M | $143M | +417% |
Questions
How much did Knife River's revenue grow quarter over quarter in Q2 2026?
Knife River's revenue rose $528M (+129%) from $410M in Q1 2026 to $939M in Q2 2026. Operating margin 8.6% against -21.0% (+29.7 pts).