Knife River Q2 2026 revenue, volume expands; backlog reaches $1.2 billion

Knife River reported 13% year-over-year revenue growth for Q2 2026, driven by strong demand, acquisitions, and a 20% increase in contracting services. The company raised its revenue guidance and reported a $1.2 billion sequential backlog. However, adjusted EBITDA lowered due to energy costs and lower gains on asset sales compared to the prior year.