Knife River schedules November 3 results. JPMorgan cuts target for Knife River stock to USD 63.00

Published on 10/16/2026 at 03:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached USD 938.6 million, up 13.00 percent year over year. For Knife River stock, JPMorgan cut its target to USD 63.00.

Earnings calendar and analyst view

Knife River scheduled its third-quarter results for November 3, 2026.
Second-quarter revenue reached USD 938.6 million, up 13.00 percent year over year.
JPMorgan cut its target to USD 63.00 from USD 73.00 on October 13, 2026.

KNF, US4988941047, Illustration mit AI erstellt.

Knife River Corporation (ISIN US4988941047) scheduled its third-quarter 2026 results for November 3, 2026, giving investors a fixed date after analysts lowered their valuation targets. Business Wire reported the date on October 15, 2026.

Recent results set the tone

For the second quarter ended June 30, 2026, revenue rose 13.00 percent year over year to USD 938.6 million, while net income fell 13.00 percent to USD 43.9 million. The net income margin was 4.70 percent, compared with 6.10 percent in the second quarter of 2025, according to Business Wire.

The figures show the central tension ahead of the next report: Knife River is converting demand into higher sales, but profitability has weakened. The company operates in construction materials and contracting services, including aggregates, asphalt, ready-mix concrete and infrastructure work.

What changed in analyst targets?

On September 25, 2026, B. Riley lowered its price target from USD 105.00 to USD 65.00 while keeping a Buy rating, according to Fidelity. On October 13, 2026, JPMorgan cut its target from USD 73.00 to USD 63.00 and kept an Underweight rating, as reported by Markets Insider.

Three dates show the shift

On August 4, 2026, Knife River reported second-quarter revenue of USD 938.6 million. On September 25, 2026, B. Riley cut its target from USD 105.00 to USD 65.00. On October 15, 2026, Knife River scheduled its third-quarter release and call for November 3, 2026.

Which dates matter next?

The next substantiated event is the third-quarter results release and conference call on November 3, 2026, before the NYSE market opens, according to Business Wire.

Knife River's next test

Knife River's November report will show whether higher revenue can translate into better earnings after the second quarter's margin pressure and the recent target cuts. The company is listed on the NYSE under KNF and is a member of the S&P MidCap 400.