Knife River Corporation KNF

Companies in The News Are: BB,DRI,MGM,PPLI,KNF

BISMARCK, N.D., September 24, 2026--Knife River Corporation (NYSE: KNF) ("Knife River" or the "Company") issued the following statement in response to the letter it received today from Starboard Value LP and certain of its affiliates ("Starboard"):

Activist investor Starboard Value has its eye on making some serious changes to construction company Knife River and the stock market has approved of the first effort. Knife River stock rose 4.3% to $53.66 in premarket trading on Thursday after Starboard Value said it has taken a significant stake in the company, and that if shareholder returns don’t improve the board should consider a sale. Shares of Knife River declined 7.9% on Wednesday and have fallen 27% this year.

NEW YORK, September 24, 2026--Starboard Value LP (together with its affiliates, "Starboard"), a stockholder of Knife River Corporation ("Knife River" or the "Company") (NYSE: KNF), today announced that it has delivered a letter to Brian Gray, the Company’s President and Chief Executive Officer, with a copy to the Company’s Board of Directors.

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Knife River Corp (KNF) raises full-year revenue guidance to $3.4-$3.6 billion despite $24 million in external headwinds from fuel costs and project delays.

Knife River Corporation reported past second-quarter 2026 results with revenue rising to US$938.6 million from US$833.8 million a year earlier, while net income declined to US$43.9 million from US$50.6 million, leading to basic earnings per share of US$0.77 versus US$0.89. Despite the earnings shortfall, management projected full-year 2026 revenue of US$3.40 billion to US$3.60 billion, signaling confidence in the company’s project pipeline and end-market demand. Against this backdrop, we’ll...

Knife River (KNF) shares came under pressure after the company reported second quarter 2026 results on 4 August, with higher revenue alongside lower net income, and issued full year revenue guidance. See our latest analysis for Knife River. The earnings release and new 2026 revenue guidance have coincided with a sharp reset in sentiment toward Knife River, with the share price down 12% over the past week and 24% over the past quarter, while the 3 year total shareholder return remains positive...

BISMARCK, N.D., August 04, 2026--Knife River Corporation (NYSE: KNF), an aggregates-based, vertically integrated construction materials and contracting services company, today announced financial results for the second quarter ended June 30, 2026.

A road builder delivered record growth and a large backlog, yet its stock went nowhere. The market is quietly pricing in a problem that has not yet appeared in the numbers.