Knife River : First Quarter Results (Presentation)

Published: 2026-05-05 12:23:10 ET KNF

Published on 05/05/2026 at 12:23 pm EDT

2026 Earnings

Presentation

May 5, 2026

Q1 2026 Highlights

Good Momentum Heading into Construction Season

Financial Highlights

Operational Highlights

Revenue Adjusted EBITDA1 Adjusted EBITDA

Margin1

Three aggregates-based acquisitions

+16% +16% +290bps

Materials volumes up double digits

$354M

$410M

2025 2026 2025 2026

EDGE initiatives driving growth

2025 2026

$(38.0)M

(10.7)%

$(31.8)M

(7.8)%

Record backlog of $1.2B

1 See Appendix for reconciliation of this non-GAAP financial measure to the most directly comparable GAAP financial measure.

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Knife River Growth Strategy

ØÑ KNIFE QIVEQ

NYSE

We have built the right team, we operate in the right markets,

and are executing the right strategy to drive solid growth

Mid-Sized, Higher-Growth Markets

KNF is #1 or #2 in ~90% of the markets served1

(213 active sites)

(137 total plants)

(56 total plants)

(9 total terminals)

Population growth outpacing national average

Healthy and expanding DOT funding environment

Strong and durable public infrastructure demand

Diversified structural demand drivers

1 Based on a proprietary assessment of aggregate volume in core market areas, as of May 2026.

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Mid-Sized, Higher-Growth Markets

Population Growth

2025-20501

DOT Budget Growth

2025-20262

Five-Year Growth (2020-2025)

Revenue

EBITDA

EBITDA Margin

1 University of Virginia, Weldon Cooper Center for Public Service; 2 ARTBA and Company analysis, April 2026.

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Disclaimer

Knife River Corporation published this content on May 05, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 05, 2026 at 16:22 UTC.