# Knife River Corporation

> Knife River Corporation mines aggregates, makes ready-mix concrete and asphalt, and builds infrastructure for public agencies and private developers. Its vertically integrated model connects local material reserves, plants, transportation and construction crews. The Bismarck-based public company reported $3.146 billion in 2025 revenue and is pursuing acquisitions and operating improvements while facing pressure to turn growth into better margins.

- **Founded:** 1917
- **Headquarters:** Bismarck, United States
- **Products:** Aggregates, Ready-mix concrete, Asphalt, Liquid asphalt, Heavy-civil contracting
- **Notable:** Became an independent NYSE-listed company in 2023., Reported $3.146 billion in 2025 revenue., Completed the $454 million Strata acquisition in March 2025.

## Products & services

- **Aggregates** — Mines, processes and sells crushed stone, sand and gravel for outside customers and its own downstream operations.
- **Ready-mix concrete** — Produces and delivers concrete for infrastructure, commercial, industrial and residential projects.
- **Asphalt** — Produces asphalt mixes and performs paving for roads, parking lots and other surfaces.
- **Liquid asphalt** — Energy Services supplies liquid asphalt and related products used in road construction.
- **Heavy-civil contracting** — Construction services including site development, excavation, grading, paving and road and bridge projects.
- **Prestressed and precast concrete** — Engineered bridge, commercial and architectural concrete components manufactured by Knife River Prestress.
- **Knife River Training Center** — Albany, Oregon campus offering equipment, truck-driving, safety and leadership training to employees and outside industry participants.

## Achievements

- Became an independent NYSE-listed company in 2023.
- Reported $3.146 billion in 2025 revenue.
- Completed the $454 million Strata acquisition in March 2025.
- Opened the Albany training campus in 2022.
- Training center received Liberty Mutual’s 2022 Risk Management Excellence Award.
- Reported $1.2 billion in contracting services backlog at June 30, 2026.

## Latest updates

- **2026-09** — On September 24, Knife River responded to Starboard’s letter, said it learned of the investment September 22 and would engage with the shareholder; reaffirmed vertical integration and EDGE.
- **2026-08** — Second-quarter revenue was $938.6 million, up 13%; net income was $43.9 million, down 13%; adjusted EBITDA was $139.7 million, down 1%. Contracting services backlog was $1.2 billion.
- **2026-05** — Reported completion of first-quarter acquisitions of Morgan Asphalt, Sparrow Enterprises and Donaldson Brothers Ready-Mix.
- **2026-02** — Reported five acquisitions completed in 2025 and full-year revenue of $3.146 billion; net income was $157.1 million.

## Links

- Website: https://www.kniferiver.com/
- LinkedIn: https://www.linkedin.com/company/knife-river-corporation/
- Twitter/X: https://twitter.com/knifervrcorp
- YouTube: https://www.youtube.com/@kniferiver9304/
- Instagram: https://www.instagram.com/lifeatknife/
- Facebook: https://www.facebook.com/KnifeRiverCorporation

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Profile page: https://yespress.io/knife-river-corporation
Published by YesPress — https://yespress.io
Last updated: 2026-10-22