Equity Profile

KNF

Knife River Corporation

MaterialsConstruction Materials$4.5B

Aug4Tue

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Knife River Corporation operates in the construction materials sector, providing essential materials for infrastructure projects. As a significant player in this industry, its performance can reflect broader trends in construction and economic activity.

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability, and investors will be looking for signs of recovery or growth after recent losses.

N/A

Revenue Growth

Revenue trends will indicate demand for construction materials and the company's ability to capitalize on market opportunities.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

KNF Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

63%

Avg EPS Surprise

-2.96%

Avg Stock Reaction

+2.08%

Last Quarter Recap

In Q1 2026, Knife River reported an EPS of -$1.40, slightly better than the expected -$1.42. The stock reacted negatively, dropping 3.52% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations are mixed as Knife River has shown volatility in earnings. Investors are cautious following recent losses but hopeful for a turnaround.

Bull Case

The optimistic view hinges on a significant rebound in construction demand, leading to improved revenue and profitability, potentially surprising analysts positively.

Bear Case

Conversely, if the company continues to report losses or fails to show signs of recovery, it could lead to further declines in stock price and investor confidence.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the expected EPS for this quarter, and how does it compare to previous quarters?

Given the recent trend of losses, any improvement in EPS will be closely scrutinized as a sign of recovery.

What commentary will management provide on revenue growth and cost management?

Insights into revenue trends and cost strategies will be critical for understanding the company's path forward.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for a rebound in construction demand, which could lead to better-than-expected results this quarter.

Supporting Evidence

The options market is pricing an 8.76% move, indicating higher expected volatility than historical averages suggest.

Knife River's recent EPS surprises show a pattern of beating expectations, which could repeat this quarter.

Key Risk

If the company reports an EPS above $0.50, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around whether Knife River can turn around its recent performance and capitalize on any uptick in construction demand.

Bull Confirmed If

An EPS of $0.50 or better would confirm the bull case, indicating a strong recovery.

Bear Confirmed If

An EPS of -$1.00 or worse would confirm the bear case, suggesting ongoing challenges.

Pre-Earnings Positioning

Options Market

Implied Move

±8.76%

Historical Avg

±6.4%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.

Options are pricing ±8.8% while KNF has averaged ±6.4% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.5%

30d HV

49.1%

Calls (4K)P/C Ratio: 0.08Puts (0)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Knife River beats expectations, history suggests the stock could rise by around 5.69%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting uncertainty in future growth.

Miss

If the company misses expectations, history indicates a potential drop of about 3.92%, reinforcing bearish sentiment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on construction demand trends and how they are impacting revenue.
2Management's outlook on cost management strategies and their effectiveness.
3Details regarding any new contracts or projects that could drive future growth.
4Insights into competitive positioning within the construction materials market.
5Comments on operational efficiencies and how they are being improved.

See the full picture

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Company Snapshot

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability, and investors will be looking for signs of recovery or growth after recent losses.

N/A

Revenue Growth

Revenue trends will indicate demand for construction materials and the company's ability to capitalize on market opportunities.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

KNF Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

63%

Avg EPS Surprise

-2.96%

Avg Stock Reaction

+2.08%

Last Quarter Recap

In Q1 2026, Knife River reported an EPS of -$1.40, slightly better than the expected -$1.42. The stock reacted negatively, dropping 3.52% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations are mixed as Knife River has shown volatility in earnings. Investors are cautious following recent losses but hopeful for a turnaround.

Bull Case

The optimistic view hinges on a significant rebound in construction demand, leading to improved revenue and profitability, potentially surprising analysts positively.

Bear Case

Conversely, if the company continues to report losses or fails to show signs of recovery, it could lead to further declines in stock price and investor confidence.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the expected EPS for this quarter, and how does it compare to previous quarters?

Given the recent trend of losses, any improvement in EPS will be closely scrutinized as a sign of recovery.

What commentary will management provide on revenue growth and cost management?

Insights into revenue trends and cost strategies will be critical for understanding the company's path forward.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for a rebound in construction demand, which could lead to better-than-expected results this quarter.

Supporting Evidence

The options market is pricing an 8.76% move, indicating higher expected volatility than historical averages suggest.

Knife River's recent EPS surprises show a pattern of beating expectations, which could repeat this quarter.

Key Risk

If the company reports an EPS above $0.50, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around whether Knife River can turn around its recent performance and capitalize on any uptick in construction demand.

Bull Confirmed If

An EPS of $0.50 or better would confirm the bull case, indicating a strong recovery.

Bear Confirmed If

An EPS of -$1.00 or worse would confirm the bear case, suggesting ongoing challenges.

Pre-Earnings Positioning

Options Market

Implied Move

±8.76%

Historical Avg

±6.4%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.

Options are pricing ±8.8% while KNF has averaged ±6.4% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.5%

30d HV

49.1%

Calls (4K)P/C Ratio: 0.08Puts (0)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Knife River beats expectations, history suggests the stock could rise by around 5.69%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting uncertainty in future growth.

Miss

If the company misses expectations, history indicates a potential drop of about 3.92%, reinforcing bearish sentiment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on construction demand trends and how they are impacting revenue.
2Management's outlook on cost management strategies and their effectiveness.
3Details regarding any new contracts or projects that could drive future growth.
4Insights into competitive positioning within the construction materials market.
5Comments on operational efficiencies and how they are being improved.