MDU Stock - MDU Resources Group, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $1.76B | $1.80B | $1.75B | $3.45B | $5.53B |
| Gross Profit | $571.94M | $518.53M | $490.06M | $687.28M | $1.05B |
| Gross Margin | 32.5% | 28.8% | 28.0% | 19.9% | 18.9% |
| Operating Income | $265.64M | $224.94M | $200.87M | $331.05M | $544.92M |
| Net Income | $281.11M | $414.71M | $367.49M | $378.13M | $390.20M |
| Net Margin | 16.0% | 23.0% | 21.0% | 10.9% | 7.1% |
| EPS | $1.38 | $2.04 | $1.81 | $1.87 | $1.95 |
MDU Resources Group, Inc. engages in the regulated energy delivery, and construction materials and services businesses in the United States. The company's Electric segment generates, transmits, and distributes electricity for residential, commercial, industrial, and municipal customers in Montana, North Dakota, South Dakota, and Wyoming, as well as operates 3,500 miles of transmission lines and 4,800 miles of distribution lines. Its 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 offers supply-related value-added services. The company's 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. Its Construction Materials and Contracting segment mines, processes, and sells construction aggregates; produces and sells asphalt mix; and supplies ready-mixed concrete. This segment is also involved in the sale of cement, finished concrete products, and other building materials and related contracting services. The company's Construction Services segment designs, constructs, and maintains electrical and communication wiring and infrastructure, fire suppression systems, mechanical piping and services; overhead and underground electrical, gas, and communication infrastructure; and manufactures and distributes transmission lines construction equipment. It serves manufacturing, commercial, industrial, transportation, institutional, and renewable and government customers, as well as utilities. The company was founded in 1924 and is headquartered in Bismarck, North Dakota.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| October 16th 2025 | TD Cowen | Initiation | Hold | $20 |
| September 19th 2025 | Jefferies | Upgrade | Buy | $20 |
| January 8th 2025 | Jefferies | Initiation | Hold | $18 |
| November 5th 2024 | BofA Securities | Upgrade | Buy | $17 |
| November 4th 2024 | Siebert Williams Shank | Upgrade | Buy | $19 |
| October 21st 2024 | BofA Securities | Downgrade | Neutral | $31← $30 |
| May 20th 2024 | Argus | Upgrade | Buy | $30 |
| June 1st 2023 | BofA Securities | Upgrade | Buy | $22 |
| October 24th 2022 | BofA Securities | Downgrade | Underperform | $26← $30 |
| August 5th 2022 | BofA Securities | Downgrade | Neutral | $30← $29 |
Earnings History & Surprises
MDUEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 6, 2026 | — | — | — | — |
Q1 2026 | Feb 5, 2026 | $0.34 | — | — | — |
Q4 2025 | Nov 6, 2025 | $0.07 | $0.09 | +28.6% | ✓ BEAT |
Q3 2025 | Aug 7, 2025 | $0.13 | $0.07 | -46.2% | ✗ MISS |
Q2 2025 | May 8, 2025 | $0.36 | $0.40 | +11.1% | ✓ BEAT |
Q1 2025 | Feb 6, 2025 | $0.31 | $0.34 | +9.7% | ✓ BEAT |
Q4 2024 | Nov 7, 2024 | $0.26 | $0.32 | +23.1% | ✓ BEAT |
Q3 2024 | Aug 8, 2024 | $0.22 | $0.32 | +45.5% | ✓ BEAT |
Q2 2024 | May 2, 2024 | $0.47 | $0.52 | +10.6% | ✓ BEAT |
Q1 2024 | Feb 8, 2024 | $0.49 | $0.48 | -2.0% | ✗ MISS |
Q4 2023 | Nov 2, 2023 | $0.25 | $0.29 | +16.0% | ✓ BEAT |
Q3 2023 | Aug 3, 2023 | $0.35 | $0.29 | -17.1% | ✗ MISS |
Q2 2023 | May 4, 2023 | $0.20 | $0.23 | +15.0% | ✓ BEAT |
Q1 2023 | Feb 9, 2023 | $0.52 | $0.57 | +9.6% | ✓ BEAT |
Q4 2022 | Nov 3, 2022 | $0.77 | $0.73 | -5.2% | ✗ MISS |
Q3 2022 | Aug 4, 2022 | $0.51 | $0.35 | -31.4% | ✗ MISS |
Q2 2022 | May 4, 2022 | $0.21 | $0.16 | -23.8% | ✗ MISS |
Q1 2022 | Feb 9, 2022 | $0.53 | $0.42 | -20.8% | ✗ MISS |
Q4 2021 | Nov 3, 2021 | $0.82 | $0.68 | -17.1% | ✗ MISS |
Q3 2021 | Aug 4, 2021 | $0.53 | $0.50 | -5.7% | ✗ MISS |
Latest News
MDU Resources Prices Underwritten Public Offering Of 10,152,284 Common Shares At $19.70 Per Share With Forward Component
➖ NeutralResources Group Launches $200M Forward Equity Offering
➖ NeutralMDU Resources Group Announces Capital Investment Plan Totaling $3.4B From 2026 Through 2030, An Increase Over The Company's Prior 2025–2029 Planned Capital Investment Of $3.1B; 5-Year Plan Represents An Approximately 34% Increase Over The Previous 5-Year Period
📈 PositiveMDU Resources Joins North Plains Connector's Utility Consortium Alongside Portland General Electric, Avista, NorthWestern Energy
📈 PositiveMDU Resources Group Raises FY2025 GAAP EPS Guidance from $0.88-$0.95 to $0.90-$0.95 vs $0.93 Est
📈 PositiveMDU Resources Gr Q3 EPS $0.09 Beats $0.07 Estimate, Sales $315.100M Beat $305.014M Estimate
📈 PositiveMDU Subsidiary Receives Regulatory Approval For 49% Stake Acquisition In Badger Wind Farm; Completion Expected End Of 2025
📈 PositiveJefferies Upgrades MDU Resources Group to Buy, Raises Price Target to $20
📈 PositiveFrequently Asked Questions about MDU
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