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MDU Resources Group, Inc.

MDU Resources Group, Inc.

NYSE•MDU
CEO: Ms. Nicole A. Kivisto
Sector: Industrials
Industry: Conglomerates
Listing Date: 1987-11-05
MDU Resources Group, Inc. engages in the regulated energy delivery, and construction materials and services businesses in the United States. It operates through four segments: Electric, Natural Gas Distribution, Pipeline, and Construction Services. The Electric segment generates, transmits, and distributes electricity for residential, commercial, industrial, and municipal customers in Montana, North Dakota, South Dakota, and Wyoming; and operates 3,400 miles of transmission lines, 4,800 miles of distribution lines, and 82 transmission and 298 distribution substations. The 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 supplies related value-added services. The 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. The Construction Services segment offers electrical and mechanical contracting services, including the construction and maintenance of electrical and communication wiring and infrastructure, fire suppression systems, mechanical piping, and services; transmission and distribution contracting services, comprise construction and maintenance of overhead and underground electrical, and gas and communication infrastructure; and manufactures and supplies transmission and distribution lines construction equipment and tools. It serves manufacturing, commercial, industrial, transportation, institutional, and renewable and government customers, as well as utilities. MDU Resources Group, Inc. was incorporated in 1924 and is headquartered in Bismarck, North Dakota.
Contact Information
1200 West Century Avenue, PO Box 5650, Bismarck, ND, 58506-5650, United States
701-530-1000
www.mdu.com
Market Cap
$3.99B
P/E (TTM)
23.6
26.8
Dividend Yield
2.8%
52W High
$21.49
52W Low
$15.04
52W Range
69%
Rank41Top 33.6%
4.4
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.4 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q3 2025 Data

Revenue

$315.10M-70.00%
4-Quarter Trend

EPS

$0.09-71.88%
4-Quarter Trend

FCF

-$121.91M+260.34%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Revenue Growth Continues Nine months operating revenues reached $1.341B USD, showing growth of 9.7% compared to prior year period results.
Continuing Operations Profit Up Income from continuing operations totaled $115.0M USD for nine months, increasing $4.414M USD from the prior year.
EPS from Operations Rises Diluted EPS from continuing operations improved to $0.56 USD, up from $0.54 USD reported in the comparable prior period.
Pipeline Segment Revenue Strong Pipeline segment revenues grew $14.6M USD for nine months, driven by growth projects and increased storage utilization.

Risk Factors

Regulatory Compliance Costs EPA rules on GHG emissions may impose material adverse effects if compliance costs are not fully recoverable from customers.
Interest Rate Exposure 13.4% of outstanding debt is variable rate; 1% rate increase results in estimated $3.2M USD annual pre-tax expense.
Discontinued Operations Swing Net income severely impacted by $115.3M USD gain in 2024 discontinued operations, reversing to a $938K loss in 2025.
Capital Expenditure Timing Capital expenditure estimates updated due to project timeline changes; future spending depends on economic opportunities and funding availability.

Outlook

Utility Investment Plans Utility capital expenditures estimated at $531.7M USD for 2025, focusing on transmission, gas delivery, and power generation projects.
Pipeline Growth Focus Pipeline segment focuses on system growth, expanding natural gas transmission capacity through ongoing infrastructure development projects.
Debt Management Actions Montana-Dakota plans $250.0M senior notes issuance; covenants include debt to total capitalization ratio below 65 percent.
Business Growth Projections Utility business expects 7% to 8% annual revenue growth over next five years, driven by customer growth and rate adjustments.

Peer Comparison

Revenue (TTM)

Seaboard CorporationSEB
$9.82B
+10.3%
Schneider National, Inc.SNDR
$5.61B
+5.5%
Griffon CorporationGFF
$2.52B
-3.9%

Gross Margin (Latest Quarter)

Crane NXT, Co.CXT
41.7%
-1.7pp
Griffon CorporationGFF
41.7%
+1.8pp
Mueller Water Products, Inc.MWA
36.8%
+4.9pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
SNDR$4.65B40.83.8%10.5%
SEB$4.26B10.78.3%24.0%
FELE$4.25B30.511.0%13.6%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
N/M
Revenue Volatile
4Q Net Income CAGR
-30.6%
Declining Profitability
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Feb 5, 2026
|
EPS:$0.37
|
Revenue:$560.72M
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 10, 2025|
    Revenue: $315.10M-70.0%
    |
    EPS: $0.09-71.9%
    Beat
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 7, 2025|
    Revenue: $351.19M-66.5%
    |
    EPS: $0.07-77.5%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 8, 2025|
    Revenue: $674.83M-44.4%
    |
    EPS: $0.40-20.0%
    Beat
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 20, 2025|
    Revenue: $1.76B-2.5%
    |
    EPS: $1.38-32.4%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 7, 2024|
    Revenue: $1.05B+5.0%
    |
    EPS: $0.32-13.5%
    Beat
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 8, 2024|
    Revenue: $1.05B-4.0%
    |
    EPS: $0.30-53.1%
    Beat
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 2, 2024|
    Revenue: $1.21B-30.1%
    |
    EPS: $0.50+163.2%
    Meet
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 22, 2024|
    Revenue: $4.66B+3.2%
    |
    EPS: $2.04+12.7%
    Meet