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MDU Resources Group, Inc.(MDU)Earnings, Financials & Key Ratios
MDU•NYSE
$20.37
21.9× P/E·Price updated Jul 6, 2026
AboutMDU Resources Group, Inc. engages in the regulated energy delivery, and construction materials and services businesses in the United States. The company's Electric segment generates, transmits, and distributes electricity for residential, commercial, industrial, and municipal customers in Montana, North Dakota, South Dakota, and Wyoming, as well as operates 3,500 miles of transmission lines and 4,800 miles of distribution lines. Its Natural Gas Distribution segment distributes natural gas for residential, commercial, and industrial customers in Idaho, Minnesota, Montana, North Dakota, Oregon, South Dakota, Washington, and Wyoming; and offers supply-related value-added services. The company's Pipeline segment provides natural gas transportation and underground storage services through a regulated pipeline system primarily in the Rocky Mountain and northern Great Plains regions; and cathodic protection and other energy-related services. Its Construction Materials and Contracting segment mines, processes, and sells construction aggregates; produces and sells asphalt mix; and supplies ready-mixed concrete. This segment is also involved in the sale of cement, finished concrete products, and other building materials and related contracting services. The company's Construction Services segment designs, constructs, and maintains electrical and communication wiring and infrastructure, fire suppression systems, mechanical piping and services; overhead and underground electrical, gas, and communication infrastructure; and manufactures and distributes transmission lines construction equipment. It serves manufacturing, commercial, industrial, transportation, institutional, and renewable and government customers, as well as utilities. The company was founded in 1924 and is headquartered in Bismarck, North Dakota.Show more
- Revenue$1.88B+6.7%
- EBITDA$497M+6.7%
- Net Income$190M-32.3%
- EPS (Diluted)0.93-32.1%
- Gross Margin21.59%-33.6%
- EBITDA Margin26.51%
- Operating Margin15.49%+2.5%
- Net Margin10.15%-36.5%
- ROE6.97%-30.6%
MDU Price & Volume
MDU Resources Group, Inc. (MDU) stock price & volume — 10-year historical chart
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Regulated Utility Pivot Faces Capital Intensity Headwinds
Investment Thesis • Updated 2026Q1
VerdictNeutral: While the company maintains a 2.4% dividend yield
Growth:Mixed
Profitability:Moderate
Financial:Adequate
Cash Flow:Mixed
Primary Risk:Regulatory Rate Case Lag
Key Thesis Takeaways
- MDU Resources is undergoing a structural transformation into a pure-play regulated utility and midstream provider, though the transition remains hampered by significant capital expenditure requirements and regulatory earnings lag.
- While the company's focus on core infrastructure aims to stabilize long-term cash flows, the current 0.78 current ratio and high capital intensity suggest limited near-term financial flexibility.
- Investors should monitor the company's ability to achieve favorable rate case outcomes to offset the volatility inherent in its $8.3 billion property, plant, and equipment base.
Verdict Logic
the inconsistent free cash flow and a current ratio of 0.78 warrant caution regarding the sustainability of capital returns during periods of high infrastructure investment.
MDU Growth Metrics
MDU Resources Group, Inc. (MDU) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-7.73%
5 Years-19.46%
3 Years2.38%
TTM-2.07%
Profit CAGR
10 Years-
5 Years-13.37%
3 Years-19.68%
TTM-27.8%
EPS CAGR
10 Years-
5 Years-13.76%
3 Years-19.91%
TTM-28.34%
Return on Capital
10 Years5.55%
5 Years3.67%
3 Years3.8%
Last Year4.32%
MDU Recent Earnings
MDU Resources Group, Inc. (MDU) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 7/12 qtrs (58%)●Beat Revenue 3/12 qtrs (25%)
Q2 2026Latest
May 7, 2026Metric
Actual
Est
EPS
$0.39-7.1%
$0.42
Rev
$606M-12.0%
$688M
Q1 2026
Feb 5, 2026Metric
Actual
Est
EPS
$0.37+0.0%
$0.37
Rev
$534M-4.9%
$561M
Q4 2025
Nov 6, 2025Metric
Actual
Est
EPS
$0.09+28.6%
$0.07
Rev
$315M-43.9%
$562M
Q3 2025
Aug 7, 2025Metric
Actual
Est
EPS
$0.07-46.2%
$0.13
Rev
$351M+33.1%
$264M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 7, 2026 | $0.39vs $0.42-7.1% | $606Mvs $688M-12.0% |
| Q1 2026 | Feb 5, 2026 | $0.37vs $0.37+0.0% | $534Mvs $561M-4.9% |
| Q4 2025 | Nov 6, 2025 | $0.09vs $0.07+28.6% | $315Mvs $562M-43.9% |
| Q3 2025 | Aug 7, 2025 | $0.07vs $0.13-46.2% | $351Mvs $264M+33.1% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for MDU Resources Group, Inc. (MDU)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $20.37 | $4.26B | 21.90 | 6.66% | 10.15% | 6.97% | 2.59% | |
| $47.05 | $22.56B | 24.13 | 21.76% | 14.1% | 8.4% | — | |
| $48.26 | $9.96B | 20.80 | 9.21% | 14.03% | 9.47% | — | |
| $40.66 | $3.36B | 17.08 | 1.34% | 10.75% | 7.65% | — | |
| $90.49 | $3.8B | 13.82 | -1.99% | 21.34% | 15.21% | — | |
| $69.69 | $4.29B | 23.70 | 6.38% | 10.21% | 5.8% | — |
Compare MDU vs Peers
MDU Resources Group, Inc. (MDU) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
MDU SEC Filings & Documents
MDU Resources Group, Inc. (MDU) SEC filings — annual & quarterly reports (10-K, 10-Q)
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MDU Frequently Asked Questions
MDU Resources Group, Inc. (MDU) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is MDU Resources Group, Inc.'s revenue?
MDU Resources Group, Inc. (MDU) reported $1.81B in revenue for fiscal year 2025. This represents a 251% increase from $514.7M in 1996.
How fast is MDU Resources Group, Inc. growing?
MDU Resources Group, Inc. (MDU) grew revenue by 6.7% over the past year. This is steady growth.
Is MDU profitable?
Yes, MDU Resources Group, Inc. (MDU) is profitable, generating $189.3M in net income for fiscal year 2025 (10.2% net margin).
Dividend & Returns
Does MDU pay dividends?
Yes, MDU Resources Group, Inc. (MDU) pays a dividend with a yield of 2.59%. This makes it attractive for income-focused investors.
What is MDU's return on equity?
MDU Resources Group, Inc. (MDU) has a return on equity (ROE) of 7.0%. This is below average, suggesting room for improvement.
What is MDU Resources Group, Inc.'s free cash flow?
MDU Resources Group, Inc. (MDU) had negative free cash flow of $386.3M in fiscal year 2025, likely due to heavy capital investments.