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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
$4.23B
P/E (TTM)
22.2
28.8
Dividend Yield
2.6%
52W High
$21.49
52W Low
$15.04
52W Range
87%
Rank39Top 39.1%
4.2
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.2 / 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

Q4 2025 Data

Revenue

$534.00M+0.00%
4-Quarter Trend

EPS

$0.37+0.00%
4-Quarter Trend

FCF

-$357.59M+0.00%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Continuing Operations Income Up Income from continuing operations reached $191.4M, reflecting a $10.3M increase compared to 2024 results.
Natural Gas Earnings Increased Natural gas distribution segment net income $56.1M, rising $9.2M due to rate relief across several states.
Pipeline Segment Earnings Stable Pipeline segment earnings $68.2M, slightly up, driven by growth projects placed in service throughout 2024 and 2025.
Major Capital Expenditure Increase Total capital expenditures $792M in 2025, up $247.6M from 2024, primarily funding electric asset acquisition.

Risk Factors

Regulatory Impact on Recovery Future regulatory decisions lack certainty, potentially disallowing cost recovery or impacting rate setting mechanisms.
Wildfire Liability Exposure Potential for significant liability from wildfire events, even with mitigation efforts, impacting financial performance.
Increased Long-Term Debt Total long-term debt increased $384.3M to $2.68B, mainly financing electric segment capital expenditures.
Cybersecurity Operational Risks Sophisticated cyberattacks and system disruptions pose material adverse impact risks to operations and data security.

Outlook

Utility Rate Base Growth Expected Utility segments expect 16.0% rate base growth in 2025; $2.5B CapEx planned over next five years.
Pipeline Growth Projects Advance Pipeline focuses on expansion, evaluating Bakken East and Minot projects for future capacity needs.
Monitoring Climate Legislation Actively monitoring evolving EPA GHG standards and state climate laws affecting generation and gas operations.
Capital Expenditures Forecasted Estimated CapEx for 2026-2028 totals $1.9B, funded by various sources including equity issuance and debt.

Peer Comparison

Revenue (TTM)

SEB stock ticker logoSEB
$9.75B
+7.1%
SNDR stock ticker logoSNDR
$5.67B
+7.3%
SKYW stock ticker logoSKYW
$4.06B
+15.0%

Gross Margin (Latest Quarter)

SKYW stock ticker logoSKYW
60.9%
+37.8pp
WSC stock ticker logoWSC
46.2%
-8.2pp
CXT stock ticker logoCXT
42.4%
+0.8pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
POWL$6.36B33.830.6%0.1%
AGX$6.26B52.031.4%0.3%
ECG$6.17B30.637.1%6.1%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-7.5%
Growth Under Pressure
4Q Net Income CAGR
-2.4%
Stable Profitability
Cash Flow Stability
100%
Strong Cash Flow

Deep Research

Next earnings:May 6, 2026
|
EPS:$0.38
|
Revenue:$672.54M
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement
LTM
No Data