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MDU Resources Group MDU Natural gas distribution — Revenues from contracts with customers

Other segment segments

Electric
$122.65M+5.2%
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$31.17M+3.6%
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-$199K-11.8%

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Other financials

Income statement

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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

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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

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

Valuation

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Market cap$4.34B+21.4%
Enterprise value$6.88B+20.8%
P/E22.9×+6.3×
P/S2.4×+0.5×

Profitability

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

Returns & leverage

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

Where this comes from

Reported directly by MDU Resources Group in its filing.

Tagged under the XBRL concept us-gaap:Revenues.

The source filing: MDU Resources Group’s 10-Q, filed May 7, 2026.

Filed
May 7, 2026, 5:12 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000067716-26-000050
Three Months Ended March 31, 2026ElectricNatural gasdistributionPipelineOtherTotal
Natural gas transportation17,50649,07766,583
Natural gas storage5,4675,467
Other22,26420,5502,50419945,517
Intersegment eliminations(167)(89)(34,460)(199)(34,915)
Revenues from contracts with customers122,652454,07322,588599,313
Other revenues(1,634)8,274246,664
Total external operating revenues$121,018$462,347$22,612$605,977
1Commercial utility sales includes the impact from data centers at the electric segment.

Item 1. Financial Statements

FAQ

What is MDU Resources Group's natural gas distribution — revenues from contracts with customers?
MDU Resources Group (MDU) reported natural gas distribution — revenues from contracts with customers of $462.35M in Q1 2026.
How has MDU Resources Group's natural gas distribution — revenues from contracts with customers changed year-over-year?
MDU Resources Group's natural gas distribution — revenues from contracts with customers decreased by 14.3% year-over-year, from $539.25M to $462.35M.
What is the long-term trend for MDU Resources Group's natural gas distribution — revenues from contracts with customers?
Over 4 years (2021 to 2025), MDU Resources Group's natural gas distribution — revenues from contracts with customers has grown at a 7.2% compound annual growth rate (CAGR), from $971.64M to $1.28B.
What does natural gas distribution — revenues from contracts with customers mean?
This represents the total revenue generated from the core business of distributing natural gas to residential, commercial, and industrial customers. It reflects the primary top-line performance of the segment based on service delivery and volume throughput. This metric is essential for evaluating the scale and market demand for the company's utility services.

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