MDU · Mdu Resources Group Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $605.98M | - | $315.04M | $351.19M | $678.02M | - | $1.05B | $1.08B | $1.21B | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $114.91M | - | $101.76M | $112.89M | $111.05M | - | $786.64M | $732.99M | $671.92M | - |
| Total Operating Expenses | $490.27M | - | $275.20M | $320.85M | $561.97M | - | $959.71M | $957.80M | $1.08B | - |
| D&A | $54.18M | - | $52.05M | $51.85M | $51.26M | - | $56.16M | $55.88M | $55.75M | - |
| Operating Income | $115.70M | - | $39.84M | $30.33M | $112.86M | - | $90.80M | $89.75M | $135.95M | - |
| Interest Expense | $32.69M | - | $26.42M | $25.45M | $26.51M | - | $32.13M | $28.61M | $28.71M | - |
| Income Tax | $4.68M | - | $2.37M | $655.0K | $8.57M | - | $13.02M | $15.22M | $20.13M | - |
| Net Income | $80.82M | - | $18.31M | $13.78M | $81.97M | - | $64.61M | $60.44M | $100.90M | - |
| EPS - Basic | $0.39 | - | $0.09 | $0.07 | $0.40 | - | $0.32 | $0.17 | $0.28 | - |
| EPS - Diluted | $0.39 | - | $0.09 | $0.07 | $0.40 | - | $0.32 | $0.17 | $0.27 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $53.30M | $28.21M | $75.85M | $58.80M | $59.54M | $66.90M | $104.02M | $94.44M | $89.30M | $76.97M |
| Accounts Receivable | $222.97M | $258.63M | $132.24M | $156.73M | $269.25M | $274.30M | $934.47M | $926.80M | $932.15M | $942.78M |
| Inventory | $19.48M | $39.05M | $44.27M | $19.71M | $18.46M | $44.94M | $91.89M | $69.74M | $57.43M | $87.39M |
| Accounts Payable | $124.38M | $148.97M | $122.11M | $107.18M | $109.13M | $150.07M | $489.10M | $442.57M | $420.17M | $475.21M |
| Current Assets | $559.55M | $572.44M | $501.37M | $441.93M | $541.55M | $666.26M | $1.47B | $1.40B | $1.32B | $1.36B |
| Total Assets | $7.68B | $7.62B | $7.19B | $6.95B | $6.96B | $7.04B | $8.17B | $7.96B | $7.84B | $7.83B |
| Current Liabilities | $718.34M | $685.22M | $666.55M | $594.79M | $634.58M | $678.60M | $1.28B | $1.15B | $922.82M | $1.08B |
| Long-term Debt | $2.38B | $2.53B | $2.19B | $2.05B | $2.03B | $2.13B | $2.23B | $2.21B | $2.33B | $2.24B |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $2.90B | $2.77B | $2.72B | $2.73B | $2.74B | $2.69B | $3.06B | $3.02B | $2.98B | $2.91B |
| Retained Earnings | $1.16B | $1.11B | $1.06B | $1.07B | $1.08B | $1.03B | $1.40B | $1.36B | $1.33B | $1.25B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $149.21M | - | - | - | $217.47M | - | - | - | $165.10M | - |
| Investing Cash Flow | ($91.20M) | - | - | - | ($94.74M) | - | - | - | ($117.26M) | - |
| Financing Cash Flow | ($32.93M) | - | - | - | ($130.10M) | - | - | - | ($35.51M) | - |
| CapEx | $92.41M | - | - | - | $93.03M | - | - | - | $126.21M | - |
| Free Cash Flow | $56.80M | - | - | - | $124.44M | - | - | - | $38.89M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 19.1% | - | 12.6% | 8.6% | 16.6% | - | 8.6% | 8.3% | 11.2% | - |
| EBITDA margin | 28.0% | - | 29.2% | 23.4% | 24.2% | - | 14.0% | 13.5% | 15.8% | - |
| Net margin | 13.3% | - | 5.8% | 3.9% | 12.1% | - | 6.2% | 5.6% | 8.3% | - |
| Free cash flow margin | 9.4% | - | - | - | 18.4% | - | - | - | 3.2% | - |
| FCF / Net income | 0.70 | - | - | - | 1.52 | - | - | - | 0.39 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 19.0% | - | 32.3% | 32.1% | 16.4% | - | 74.9% | 67.9% | 55.4% | - |
| Effective tax rate | 5.5% | - | 11.5% | 4.5% | 9.5% | - | 16.8% | 20.1% | 16.6% | - |
| Return on assets | 1.1% | - | 0.3% | 0.2% | 1.2% | - | 0.8% | 0.8% | 1.3% | - |
| Return on equity | 2.8% | - | 0.7% | 0.5% | 3.0% | - | 2.1% | 2.0% | 3.4% | - |
| Return on invested capital | 2.1% | - | 0.7% | 0.6% | 2.1% | - | 1.4% | 1.4% | 2.1% | - |
| Liquidity | ||||||||||
| Current ratio | 0.78 | 0.84 | 0.75 | 0.74 | 0.85 | 0.98 | 1.15 | 1.21 | 1.43 | 1.27 |
| Quick ratio | 0.75 | 0.78 | 0.69 | 0.71 | 0.82 | 0.92 | 1.07 | 1.15 | 1.37 | 1.19 |
| Cash ratio | 0.07 | 0.04 | 0.11 | 0.10 | 0.09 | 0.10 | 0.08 | 0.08 | 0.10 | 0.07 |
| Leverage | ||||||||||
| Debt / Equity | 0.82 | 0.91 | 0.80 | 0.75 | 0.74 | 0.79 | 0.73 | 0.73 | 0.78 | 0.77 |
| Debt / Assets | 0.31 | 0.33 | 0.30 | 0.29 | 0.29 | 0.30 | 0.27 | 0.28 | 0.30 | 0.29 |
| Debt / EBITDA | 14.02 | - | 23.82 | 24.89 | 12.38 | - | 15.20 | 15.16 | 12.13 | - |
| Interest coverage | 3.5x | - | 1.5x | 1.2x | 4.3x | - | 2.8x | 3.1x | 4.7x | - |
| Equity multiplier | 2.65 | 2.75 | 2.64 | 2.54 | 2.54 | 2.62 | 2.67 | 2.64 | 2.63 | 2.70 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.08 | - | 0.04 | 0.05 | 0.10 | - | 0.13 | 0.14 | 0.15 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 134d | - | 153d | 163d | 145d | - | 325d | 314d | 280d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 53.1x | - | 197.9x | 238.1x | 42.3x | - | 47.5x | 83.7x | 51.4x | - |
| P / B | 1.5x | - | 1.3x | 1.3x | 1.3x | - | 1.0x | 0.9x | 1.0x | - |
| P / S | 7.1x | - | 11.6x | 9.7x | 5.1x | - | 3.0x | 2.6x | 2.3x | - |
| EV / EBITDA | 38.9x | - | 62.8x | 65.8x | 33.1x | - | 35.6x | 34.0x | 26.5x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -10.6% | - | -70.0% | -67.5% | -44.1% | - | 5.0% | -1.1% | -30.1% | - |
| Revenue CAGR (3y) | -29.6% | - | -45.8% | -41.1% | -21.8% | - | -12.8% | -8.8% | -0.4% | - |
| Revenue CAGR (5y) | -13.2% | - | -27.6% | -23.8% | -10.8% | - | -7.6% | -3.7% | 2.2% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 2.5% | - | -56.1% | -66.2% | -17.0% | - | 7.3% | 9.4% | 82.5% | - |
| Net income growth (YoY) | -1.4% | - | -71.7% | -77.2% | -18.8% | - | -13.8% | -53.8% | 163.1% | - |
| EPS growth (YoY) | -2.5% | - | -71.9% | -57.9% | 47.3% | - | -13.5% | -74.0% | 42.9% | - |
| EPS CAGR (3y) | 27.1% | - | -50.2% | -41.5% | 35.7% | - | -22.2% | -30.7% | 1.4% | - |
| EPS CAGR (5y) | 8.4% | - | -34.7% | -32.5% | 25.2% | - | -14.2% | -11.7% | 5.3% | - |
| FCF growth (YoY) | -54.4% | - | - | - | 220.0% | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 5.9% | 3.1% | -11.0% | -9.5% | -8.0% | -7.4% | 10.9% | 11.5% | -16.6% | -19.0% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$1.87B totalNatural Gas Distribution$1.28B · 68.5%
Electric$437.78M · 23.4%
Pipelineand Midstream$154.16M · 8.2%
Corporate And Other($722.0K) · -0.0%
Product / service
$164.41M totalOther Revenues$74.16M · 45.1%
Natural Gas Transportation$66.98M · 40.7%
Natural Gas Storage$23.27M · 14.2%
Peer comparison
Same SIC group: Mining & Quarrying of Nonmetallic Minerals (No Fuels)
Comparing MDU RESOURCES GROUP INC against the 5 most active filers in the same SIC group.
Dividends
$0.55/share trailing 12 months · +37.1% YoY
| Ex-date | Per share |
|---|---|
| Mar 12, 2026 | $0.1400 |
| Dec 11, 2025 | $0.1400 |
| Sep 11, 2025 | $0.1400 |
| Jun 12, 2025 | $0.1300 |
| Mar 13, 2025 | $0.1300 |
| Dec 12, 2024 | $0.1300 |
| Sep 12, 2024 | $0.0720 |
| Jun 13, 2024 | $0.0693 |
| Mar 13, 2024 | $0.0693 |
| Dec 13, 2023 | $0.0693 |
| Sep 13, 2023 | $0.0693 |
| Jun 12, 2023 | $0.1235 |
| Mar 8, 2023 | $0.0848 |
| Dec 7, 2022 | $0.0848 |
| Sep 7, 2022 | $0.0829 |
| Jun 8, 2022 | $0.0829 |
| Mar 9, 2022 | $0.0829 |
| Dec 8, 2021 | $0.0829 |
| Sep 8, 2021 | $0.0810 |
| Jun 9, 2021 | $0.0810 |
| Mar 10, 2021 | $0.0810 |
| Dec 9, 2020 | $0.0810 |
| Sep 9, 2020 | $0.0791 |
| Jun 10, 2020 | $0.0791 |