Symbols / MDU Stock MDU Resources Group, Inc.

Utilities • Utilities - Regulated Gas • United States • NYQ
MDU (Stock) Chart
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About

MDU Resources Group, Inc. engages in the regulated energy delivery businesses in the United States. The company operates through three segments: Electric, Natural Gas Distribution, and Pipeline. It generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming through approximately 3,400 miles of transmission and 4,900 miles of distribution lines, as well as 86 transmission and 299 distribution substations. The company also distributes natural gas in Idaho, Minnesota, Montana, North Dakota, Oregon, South Dakota, Washington, and Wyoming through approximately 22,000 miles of distribution and 540 miles transmission systems; and supplies related value-added services. In addition, it 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 non-regulated energy-related services. Further, the company offers transportation and storage services. MDU Resources Group, Inc. was incorporated in 1924 and is headquartered in Bismarck, North Dakota.

Stock Fundamentals
Scroll to Statements
Market Cap 4.36B Enterprise Value — Income — Sales — Book/sh — Cash/sh —
Dividend Yield — Payout — Employees — IPO — P/E 22.92 Forward P/E —
PEG — P/S — P/B — P/C — EV/EBITDA — EV/Sales —
Quick Ratio — Current Ratio — Debt/Eq — LT Debt/Eq — EPS (ttm) 0.93 EPS next Y —
EPS Growth — Revenue Growth — Earnings — ROA — ROE — ROIC —
Gross Margin — Oper. Margin — Profit Margin — Shs Outstand 204.71M Shs Float — Short Float —
Short Ratio — Short Interest — 52W High — 52W Low — Beta — Avg Volume —
Volume — Target Price — Recom — Prev Close — Price — Change —
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$22.14
Mean price target
2. Current target
$21.32
Latest analyst target
3. DCF / Fair value
$-32.10
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$21.32
Low
$20.00
High
$24.00
Mean
$22.14

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-16 init JP Morgan — → Neutral $22
2026-02-24 main Freedom Broker Hold → Hold $21
2025-12-24 init Freedom Broker — → Hold $20
2025-10-22 main Jefferies Buy → Buy $22
2025-09-19 up Jefferies Hold → Buy $20
2025-01-08 init Jefferies — → Hold $18
2024-11-05 up B of A Securities Neutral → Buy $17
2024-10-21 down B of A Securities Buy → Neutral $31
2024-05-20 up Argus Research Hold → Buy $30
2023-07-26 main Citigroup Neutral → Neutral $23
2022-10-24 down B of A Securities Neutral → Underperform $26
2022-08-05 down B of A Securities Buy → Neutral $30
2021-03-23 init B of A Securities — → Buy $36
2020-08-06 main Wells Fargo — → Equal-Weight $26
2020-06-16 main Citigroup — → Neutral $23
2020-05-11 main Wells Fargo — → Equal-Weight $25
2018-07-31 main Citigroup Neutral → Neutral $29
2018-07-19 main Keybanc Overweight → Overweight $30
2017-02-13 down Argus Research Buy → Hold —
2016-12-20 init UBS — → Neutral —
News
RSS: Latest MDU news
Insider Transactions

No recent insider transactions.

Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
1,875.07
+6.66%
1,757.98
-2.52%
1,803.35
+3.21%
1,747.30
Operating Revenue
1,875.07
+6.66%
1,757.98
-2.52%
1,803.35
+3.21%
1,747.30
Cost Of Revenue
1,263.48
+6.53%
1,186.04
-7.69%
1,284.83
+2.19%
1,257.24
Reconciled Cost Of Revenue
1,263.48
+6.53%
1,186.04
-7.69%
1,284.83
+2.19%
1,257.24
Gross Profit
611.58
+6.93%
571.94
+10.30%
518.53
+5.81%
490.06
Operating Expense
321.20
+4.87%
306.29
+4.33%
293.58
+1.52%
289.19
Total Expenses
1,584.69
+6.19%
1,492.34
-5.45%
1,578.41
+2.07%
1,546.43
Operating Income
290.38
+9.31%
265.64
+18.09%
224.94
+11.98%
200.87
Total Operating Income As Reported
290.38
+9.31%
265.64
+18.09%
224.94
+11.98%
200.87
EBITDA
525.43
+3.62%
507.09
-20.19%
635.40
+61.81%
392.69
Normalized EBITDA
525.43
+3.62%
507.09
+12.98%
448.85
+14.30%
392.69
Reconciled Depreciation
206.71
+3.31%
200.08
+5.06%
190.45
+1.00%
188.56
EBIT
318.73
+3.82%
307.01
-31.00%
444.95
+117.98%
204.13
Total Unusual Items
—
—
186.56
—
Total Unusual Items Excluding Goodwill
—
—
186.56
—
Net Income
190.40
-32.27%
281.11
-32.22%
414.71
+12.85%
367.49
Pretax Income
210.98
+6.20%
198.66
-41.63%
340.33
+175.69%
123.45
Net Non Operating Interest Income Expense
-107.75
+0.55%
-108.35
-3.56%
-104.62
-29.67%
-80.68
Interest Expense Non Operating
107.75
-0.55%
108.35
+3.56%
104.62
+29.67%
80.68
Net Interest Income
-107.75
+0.55%
-108.35
-3.56%
-104.62
-29.67%
-80.68
Interest Expense
107.75
-0.55%
108.35
+3.56%
104.62
+29.67%
80.68
Other Income Expense
28.35
-31.47%
41.37
-81.20%
220.01
+6648.77%
3.26
Other Non Operating Income Expenses
28.35
-31.47%
41.37
+23.65%
33.45
+926.20%
3.26
Gain On Sale Of Security
—
—
186.56
—
Tax Provision
19.57
+11.26%
17.59
+72.22%
10.21
+64.86%
6.20
Tax Rate For Calcs
0.00
+5.04%
0.00
+195.03%
0.00
-39.98%
0.00
Tax Effect Of Unusual Items
0.00
0.00
-100.00%
5.60
0.00
Net Income Including Noncontrolling Interests
190.40
-32.27%
281.11
-32.22%
414.71
+12.85%
367.49
Net Income From Continuing Operation Net Minority Interest
191.41
+5.71%
181.07
-45.15%
330.12
+181.54%
117.25
Net Income From Continuing And Discontinued Operation
190.40
-32.27%
281.11
-32.22%
414.71
+12.85%
367.49
Net Income Continuous Operations
191.41
+5.71%
181.07
-45.15%
330.12
+181.54%
117.25
Net Income Discontinuous Operations
-1.01
-101.01%
100.03
+18.26%
84.59
-66.20%
250.24
Normalized Income
191.41
+5.71%
181.07
+21.40%
149.16
+27.21%
117.25
Net Income Common Stockholders
190.40
-32.27%
281.11
-32.22%
414.71
+12.85%
367.49
Diluted EPS
0.93
-32.12%
1.37
-32.51%
2.03
+12.15%
1.81
Basic EPS
0.93
-32.61%
1.38
-32.35%
2.04
+12.71%
1.81
Basic Average Shares
204.29
+0.19%
203.90
+0.15%
203.60
+0.10%
203.40
Diluted Average Shares
205.30
+0.29%
204.70
+0.39%
203.90
+0.20%
203.50
Diluted NI Availto Com Stockholders
190.40
-32.27%
281.11
-32.22%
414.71
+12.85%
367.49
Depreciation Amortization Depletion Income Statement
206.71
+3.31%
200.08
+5.06%
190.45
+1.00%
188.56
Depreciation And Amortization In Income Statement
206.71
+3.31%
200.08
+5.06%
190.45
+1.00%
188.56
Other Taxes
114.50
+7.80%
106.22
+2.99%
103.13
+2.49%
100.63
Line Item Trend 2023-12-31 2022-12-31 2021-12-31
Total Assets
7,833.16
-18.92%
9,660.78
—
Current Assets
1,363.72
-32.21%
2,011.75
—
Cash Cash Equivalents And Short Term Investments
47.27
+35.73%
34.83
—
Cash And Cash Equivalents
47.27
+35.73%
34.83
—
Receivables
250.15
-76.50%
1,064.34
—
Accounts Receivable
250.15
-76.50%
1,064.34
—
Gross Accounts Receivable
251.76
-76.44%
1,068.49
—
Allowance For Doubtful Accounts Receivable
-1.60
+61.41%
-4.15
—
Inventory
44.68
-30.45%
64.25
—
Raw Materials
5.31
-22.48%
6.85
-92.19%
87.63
Finished Goods
39.38
-21.94%
50.44
+6.49%
47.37
Prepaid Assets
—
72.97
-23.78%
95.74
Restricted Cash
13.20
-62.92%
35.60
—
Assets Held For Sale Current
769.49
+29.87%
592.52
—
Other Current Assets
238.92
+8.50%
220.22
—
Total Non Current Assets
6,469.44
-15.42%
7,649.03
—
Net PPE
5,004.89
+3.20%
4,849.83
—
Gross PPE
7,081.27
+1.92%
6,948.13
—
Accumulated Depreciation
-2,076.38
+1.04%
-2,098.30
—
Properties
5,831.23
+6.32%
5,484.67
+3.27%
5,310.81
Land And Improvements
10.95
+0.63%
10.88
-93.12%
158.23
Buildings And Improvements
52.67
+3.72%
50.78
-73.03%
188.30
Machinery Furniture Equipment
191.80
+6.88%
179.46
-88.65%
1,581.00
Construction In Progress
—
88.16
+74.84%
50.42
Other Properties
1,250.04
+2.27%
1,222.34
—
Goodwill And Other Intangible Assets
345.74
-29.88%
493.06
—
Goodwill
345.74
-29.29%
488.96
—
Other Intangible Assets
2.00
-51.15%
4.10
-81.83%
22.58
Investments And Advances
112.47
-12.69%
128.83
—
Other Non Current Assets
559.23
-74.32%
2,177.31
—
Total Liabilities Net Minority Interest
4,927.93
-18.86%
6,073.65
—
Current Liabilities
1,075.73
-27.30%
1,479.60
—
Payables And Accrued Expenses
364.58
-53.80%
789.14
—
Payables
234.99
-62.88%
633.11
—
Accounts Payable
159.97
-69.56%
525.56
—
Dividends Payable
25.46
-43.73%
45.24
—
Current Accrued Expenses
129.59
-16.94%
156.03
—
Pensionand Other Post Retirement Benefit Plans Current
40.79
-31.41%
59.47
—
Total Tax Payable
49.55
-20.47%
62.31
—
Current Debt And Capital Lease Obligation
156.32
+45.24%
107.63
—
Current Debt
156.32
+81.09%
86.32
—
Other Current Borrowings
156.32
+81.09%
86.32
-41.70%
148.05
Current Capital Lease Obligation
22.88
+7.40%
21.31
-39.76%
35.37
Other Current Liabilities
514.04
-1.78%
523.36
—
Total Non Current Liabilities Net Minority Interest
3,852.19
-16.15%
4,594.05
—
Liabilities Heldfor Sale Non Current
179.65
-76.54%
765.90
—
Long Term Debt And Capital Lease Obligation
2,104.90
-11.21%
2,370.72
—
Long Term Debt
2,104.90
-9.19%
2,317.85
—
Long Term Capital Lease Obligation
51.65
-2.32%
52.87
-40.76%
89.25
Long Term Provisions
384.37
+3.08%
372.87
—
Non Current Deferred Liabilities
452.34
-0.69%
455.50
—
Non Current Deferred Taxes Liabilities
452.34
-0.69%
455.50
—
Other Non Current Liabilities
209.88
-66.64%
629.06
—
Stockholders Equity
2,905.23
-19.01%
3,587.13
—
Common Stock Equity
2,905.23
-19.01%
3,587.13
—
Capital Stock
203.69
-0.23%
204.16
—
Common Stock
203.69
-0.23%
204.16
—
Share Issued
203.69
-0.23%
204.16
—
Ordinary Shares Number
203.69
+0.03%
203.62
—
Treasury Shares Number
0.00
-100.00%
0.54
+0.00%
0.54
Additional Paid In Capital
1,466.23
+0.01%
1,466.04
—
Retained Earnings
1,253.69
-35.75%
1,951.14
—
Gains Losses Not Affecting Retained Earnings
-18.38
+39.89%
-30.58
—
Treasury Stock
0.00
-100.00%
3.63
+0.00%
3.63
Other Equity Adjustments
-18.38
+39.89%
-30.58
—
Total Equity Gross Minority Interest
2,905.23
-19.01%
3,587.13
—
Total Capitalization
5,010.14
-15.15%
5,904.98
—
Working Capital
287.99
-45.88%
532.14
—
Invested Capital
5,166.46
-13.77%
5,991.30
—
Total Debt
2,261.22
-8.76%
2,478.34
—
Net Debt
2,213.95
-6.56%
2,369.34
—
Capital Lease Obligations
74.53
+0.47%
74.18
-40.48%
124.62
Net Tangible Assets
2,559.50
-17.28%
3,094.07
—
Tangible Book Value
2,559.50
-17.28%
3,094.07
—
Other Inventories
39.38
+465.84%
6.96
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
473.37
-5.76%
502.32
+51.02%
332.63
-34.79%
510.06
Cash Flow From Continuing Operating Activities
474.09
+15.12%
411.81
+34.87%
305.33
-5.06%
321.62
Cash From Discontinued Operating Activities
-0.72
-100.80%
90.50
+231.59%
27.29
-85.52%
188.45
Net Income From Continuing Operations
191.41
+5.71%
181.07
-45.15%
330.12
+181.54%
117.25
Depreciation Amortization Depletion
206.71
+3.31%
200.08
+5.06%
190.45
+1.00%
188.56
Depreciation And Amortization
206.71
+3.31%
200.08
+5.06%
190.45
+1.00%
188.56
Other Non Cash Items
-2.94
-4.18%
-2.82
+98.65%
-208.74
-11740.05%
-1.76
Pension And Employee Benefit Expense
-1.07
+72.14%
-3.84
+28.68%
-5.38
+26.53%
-7.32
Stock Based Compensation
6.56
-22.17%
8.42
+53.01%
5.50
-30.43%
7.91
Provisionand Write Offof Assets
6.92
+5.52%
6.56
-11.64%
7.42
+37.22%
5.41
Deferred Tax
-8.92
+44.50%
-16.08
-1128.27%
-1.31
-106.48%
20.19
Deferred Income Tax
-8.92
+44.50%
-16.08
-1128.27%
-1.31
-106.48%
20.19
Operating Gains Losses
-1.04
+77.76%
-4.69
+18.04%
-5.73
+21.63%
-7.31
Unrealized Gain Loss On Investment Securities
-6.58
-10.65%
-5.94
+20.04%
-7.43
-173.44%
10.12
Change In Working Capital
81.98
+81.30%
45.22
+1012.76%
-4.95
+73.58%
-18.75
Change In Receivables
8.35
+127.56%
-30.31
-138.31%
79.11
+186.75%
-91.19
Change In Inventory
4.34
+1665.04%
0.25
+101.13%
-21.73
-9041.98%
0.24
Change In Payables And Accrued Expense
-9.62
-2071.11%
-0.44
+99.49%
-87.21
-203.15%
84.55
Change In Payable
-9.62
-2071.11%
-0.44
+99.49%
-87.21
-203.15%
84.55
Change In Account Payable
-9.62
-2071.11%
-0.44
+99.49%
-87.21
-203.15%
84.55
Change In Other Working Capital
—
—
—
—
Change In Other Current Assets
54.46
-32.75%
80.98
+266.99%
-48.49
-433.92%
14.52
Change In Other Current Liabilities
24.45
+565.46%
-5.25
-107.16%
73.36
+373.01%
-26.87
Investing Cash Flow
-780.86
-41.28%
-552.68
-2.20%
-540.79
+15.35%
-638.88
Cash Flow From Continuing Investing Activities
-780.86
-49.07%
-523.83
-12.62%
-465.13
-1.79%
-456.93
Cash From Discontinued Investing Activities
0.00
+100.00%
-28.86
+61.86%
-75.66
+58.42%
-181.95
Net PPE Purchase And Sale
0.00
-100.00%
0.69
+165.77%
0.26
+8566.67%
0.00
Sale Of PPE
0.00
-100.00%
0.69
+165.77%
0.26
+8566.67%
0.00
Capital Expenditure
-770.39
-47.35%
-522.82
-7.99%
-484.14
-9.39%
-442.58
Capital Expenditure Reported
-770.39
-47.35%
-522.82
-7.99%
-484.14
-9.39%
-442.58
Net Investment Purchase And Sale
-4.18
+18.87%
-5.16
-112.75%
-2.42
+5.76%
-2.57
Purchase Of Investment
—
—
—
-4.14
Sale Of Investment
—
—
16.30
—
Net Business Purchase And Sale
—
—
0.00
-100.00%
1.75
Purchase Of Business
—
—
0.00
0.00
Net Other Investing Changes
-6.28
-281.54%
3.46
-83.65%
21.17
+279.73%
-11.78
Financing Cash Flow
268.80
+567.07%
40.30
-80.31%
204.62
+31.87%
155.17
Cash Flow From Continuing Financing Activities
268.80
+450.90%
-76.60
-133.27%
230.23
+8345.99%
-2.79
Net Issuance Payments Of Debt
385.88
+1126.39%
31.46
-92.17%
401.92
+114.12%
187.71
Issuance Of Debt
565.35
+83.20%
308.60
-78.03%
1,404.70
+520.26%
226.47
Repayment Of Debt
-179.47
+35.24%
-277.13
+72.36%
-1,002.78
-2486.90%
-38.76
Long Term Debt Issuance
565.35
+83.20%
308.60
-48.11%
594.70
+176.64%
214.97
Long Term Debt Payments
-179.47
+1.47%
-182.13
+67.98%
-568.88
-1367.55%
-38.76
Net Long Term Debt Issuance
385.88
+205.13%
126.47
+389.85%
25.82
-85.35%
176.21
Short Term Debt Issuance
0.00
0.00
-100.00%
810.00
+6943.48%
11.50
Short Term Debt Payments
0.00
+100.00%
-95.00
+78.11%
-433.90
0.00
Net Short Term Debt Issuance
0.00
+100.00%
-95.00
-125.26%
376.10
+3170.43%
11.50
Net Common Stock Issuance
0.00
0.00
+100.00%
-4.81
+34.98%
-7.40
Common Stock Payments
0.00
0.00
+100.00%
-4.81
+34.98%
-7.40
Common Stock Dividend Paid
-108.24
-5.15%
-102.94
+36.19%
-161.32
+8.82%
-176.91
Cash Dividends Paid
-108.24
-5.15%
-102.94
+36.19%
-161.32
+8.82%
-176.91
Repurchase Of Capital Stock
0.00
0.00
+100.00%
-4.81
+34.98%
-7.40
Net Other Financing Charges
-8.84
-72.31%
-5.13
+7.77%
-5.56
+10.06%
-6.18
Changes In Cash
-38.69
-284.19%
-10.07
-184.33%
-3.54
-113.44%
26.36
Beginning Cash Position
66.90
-13.08%
76.97
-4.40%
80.52
+48.66%
54.16
End Cash Position
28.21
-57.83%
66.90
-13.08%
76.97
-4.40%
80.52
Free Cash Flow
-297.03
-1348.50%
-20.51
+86.47%
-151.51
-324.52%
67.48
Common Stock Issuance
—
—
—
—
Issuance Of Capital Stock
—
—
—
—
Sale Of Business
—
—
—
1.75
Cash From Discontinued Financing Activities
0.00
-100.00%
116.90
+556.53%
-25.61
-116.21%
157.97
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Trades
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status
Posts
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