Knife River climbs as Q1 revenue jumps 16% and backlog hits record $1.2B
KNF•Knife River shares rose after the company reported Q1 2026 results showing 16% revenue growth to $410.1 million and improved adjusted EBITDA margin by 290 basis points. Management highlighted a record $1.2 billion backlog and said 2026 performance is trending toward the upper half of guidance ranges.
1. What’s moving KNF today
Knife River Corporation (KNF) is moving higher as investors digest its first-quarter 2026 update released May 5, 2026. The company posted revenue of $410.1 million, up 16% year over year, and improved adjusted EBITDA by 16% with a 290-basis-point expansion in adjusted EBITDA margin—an encouraging signal heading into the seasonally stronger construction months. (stocktitan.net)
