Knife River Corp

KNF is in a Stage 4 decline despite its long-term uptrend, with lower highs and lower lows and the Bearish Pivot Point signaling failure of upside control. Short-term price is consistently rejected at the 9 and 20 EMAs, aligning with a bearish medium-term bias. Execution is optimal now into resistance near the short-term EMAs, anticipating continuation of the downtrend. While the 200 DMA still slopes mildly higher, caution is warranted for potential oversold bounces that could stall further declines.

• ↑16% YoY revenue growth to $1.1 B in Q1 2026; adjusted EBITDA +16% with +290 bp margin expansion
• ↑Record backlog of $1.2 B, ~75% slated for completion in 2026
• ↓Adverse Oregon weather cut EBITDA guidance by $55 M, underscoring seasonality risk