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MDU Resources Group

MDU

MDU Resources Group is a pure-play regulated energy delivery company providing essential utility services across the United States.

Market cap
$4.37B+25.5%
Revenue$1.8B-2.1%
Net income$189.2M-27.8%
Free cash flow-$364.7M-753%
EPS (diluted)$0.92-28.1%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 6, 2026 (In 1 week)
Revenue estimate$396.6M
EPS estimate$0.08

Financials

Q1 2026

Income statement

See full
Revenue$606.0M-10.2%
Operating income$115.7M+2.5%
Net income$80.8M-1.4%
EPS (diluted)$0.39-2.5%

Balance sheet

See full
Cash & equivalents$53.3M-10.5%
Total debt$2.6B+18.3%
Total equity$2.9B+5.9%
Total assets$7.7B+10.4%

Cash flow

See full
Operating cash flow$149.2M-31.4%
CapEx$92.4M-0.7%
Free cash flow$56.8M-54.4%

Valuation & ratios

Valuation

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Market cap$4.37B+25.5%
Enterprise value$6.91B+24.0%
P/E23.1×+7.1×
P/S2.4×+0.6×

Profitability

See full
Operating margin16.2%+1.0pp
Net margin10.5%-3.7pp
FCF margin-20.2%-23.2pp

Returns & leverage

See full
Return on equity6.7%-2.5pp
Debt / equity0.9×+0.1×
Current ratio0.8×-0.1×

Segments

By segment

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Natural gas distribution$462.3M-14.3%
Electric$122.7M+5.2%
Other-$199.0K-11.8%

By product

See full
Natural gas transportation$66.6M-0.6%
Other$45.5M+6.8%
Natural gas storage$5.5M-9.3%

Competitors

Profile

MDU Resources Group is a pure-play regulated energy delivery company providing essential utility services across the United States. The company focuses on the generation, transmission, and distribution of electricity and natural gas, as well as natural gas pipeline transportation and storage. Its core value proposition centers on delivering regulated energy through an integrated infrastructure network while pursuing organic growth in the energy sector.

Competitive position

A leading pure-play energy delivery provider in the Rocky Mountain and Northern Great Plains regions with a significant regulated asset base and integrated pipeline network.

GeographiesNorth Dakota, Montana, South Dakota, Wyoming, Idaho, Oregon, Washington, Minnesota
Customer segmentsB2C, B2B, Government
Business modelRegulated Utility, Infrastructure-as-a-Service
SuppliersNatural Gas Producers, Coal Suppliers, Power Plant Equipment Manufacturers, Renewable Energy Technology Providers
CustomersResidential Households, Commercial Businesses, Industrial Manufacturers, Data Centers, Municipalities
Listed1948
Employees9.1K
CEONicole A. Kivisto
Websitemdu.com
FilingsSEC EDGAR

Questions, answered.

What is MDU Resources Group's market cap?
MDU Resources Group (MDU) has a market capitalization of $4.4B and trades on NYSE.
What is MDU Resources Group's revenue and profitability?
MDU Resources Group generated $1.8B in trailing twelve-month revenue with net income of $189.2M, representing a net margin of 10.5%, with free cash flow of -$364.7M. These figures are based on the Q1 2026 filing.
Who are MDU Resources Group's competitors?
MDU Resources Group's key competitors include NorthWestern Energy, Xcel Energy, Knife River Corporation, and others. These companies compete in similar markets and product categories.
Who does MDU Resources Group partner with?
MDU Resources Group's notable partners include MISO, Black Hills Power, Inc., Coyote Creek Mining Company, and others.
What subsidiaries does MDU Resources Group have?
MDU Resources Group's subsidiaries include Montana-Dakota Utilities Co., Cascade Natural Gas Corporation, Intermountain Gas Company, and others.
Where is MDU Resources Group headquartered?
MDU Resources Group is headquartered in United States of America and employs approximately 9,145 people. It has been publicly traded since 1948.