Filing Flows › Knife River (KNF) › Q3 2026
Knife River (KNF) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 3, 2026
Knife River (KNF) reported revenue of $1.3B for the third quarter 2026 (Q3 2026), +6% from a year earlier and +36% from the quarter before. Operating margin was 16.8%, net earnings $138M (10.8% of revenue).
Knife River, Q3 2026: revenue $1.3B (+6% year over year), operating margin 16.8%, net earnings $138M, operating cash flow $195M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.3B | +36% | +6% |
| Gross profit | $288M | +77% | +1% |
| Operating profit | $214M | +164% | -0.5% |
| Net earnings | $138M | +214% | -4% |
| Operating cash flow | $195M | — | -22% |
| Free cash flow | $136M | — | -28% |
What changed
Revenue was $1.3B in Q3 2026, up 6% year over year and up 36% from the previous quarter. Contracting services public-sector was the largest line at 40% of revenue. Aggregates added $0.03B year over year (up 15%), 44% of the total change. Liquid asphalt declined 1%.
Gross margin was 22.5%, down 1.1 points from Q3 2025. Operating profit was $0.21B, a 16.8% margin (down 1.1 points year over year). Operating profit fell $1.1M even though revenue rose $0.07B versus Q3 2025, so costs grew faster than sales. Operating expenses grew 6% against revenue growth of 6%. Net earnings were $0.14B, down 4% year over year. The effective tax rate was 26.9%.
Operating cash flow was $0.19B (down 22% year over year), 141% of net earnings. Non-cash charges added back $0.06B of depreciation and amortization and $2.4M of share-based compensation. Capital expenditures of $0.06B left free cash flow of $0.14B.
Questions
What was Knife River's revenue in the third quarter 2026?
Knife River (KNF) reported revenue of $1.3B for the third quarter 2026 (Q3 2026), +6% from a year earlier and +36% from the quarter before.
Was Knife River profitable in the third quarter 2026?
Operating profit was $214M (16.8% of revenue) and net earnings $138M.
Source: Knife River 10-Q on SEC EDGAR.