What is MDU Resources Group's net debt?

MDU Resources Group (MDU) reported net debt of $2.54B in Q1 2026.

How has MDU Resources Group's net debt changed year-over-year?

MDU Resources Group's net debt increased by 19.1% year-over-year, from $2.13B to $2.54B.

What is the long-term trend for MDU Resources Group's net debt?

Over 5 years (2020 to 2025), MDU Resources Group's net debt has grown at a 2.9% compound annual growth rate (CAGR), from $2.32B to $2.68B.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

MDU Resources Group MDU Net debt

Discontinued — last reported Q1 '26

Net debt at other companies

SeaboardSEB

2×-0.4×

Sabra HealthcareSBRA

-0.2×-0.3×

TDS

Telephone and Data SystemsTDS

-0.2×-25.0×

Dolby Laboratories, Inc.DLB

-1.8×-0.2×

Hannon Armstrong Sustainable Infrastructure CapitalHASI

0.5×+0.4×

Moelis & CompanyMC

0.7×-0.1×

Other financials

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

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Market cap$4.45B+22.6%

Enterprise value$6.99B+21.3%

P/E23.5×+9.7×

P/S2.5×+0.5×

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×

Where this comes from

Calculated from MDU Resources Group’s reported figures.

$2.6Btotal debt−$53.3Mcash and equivalents=$2.54B

The official record: MDU Resources Group’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is MDU Resources Group's net debt?: MDU Resources Group (MDU) reported net debt of $2.54B in Q1 2026.
How has MDU Resources Group's net debt changed year-over-year?: MDU Resources Group's net debt increased by 19.1% year-over-year, from $2.13B to $2.54B.
What is the long-term trend for MDU Resources Group's net debt?: Over 5 years (2020 to 2025), MDU Resources Group's net debt has grown at a 2.9% compound annual growth rate (CAGR), from $2.32B to $2.68B.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.