MDU Resources Group (NYSE:MDU) Issues Quarterly Earnings Results

MDU Resources Group (NYSE:MDU) announced its earnings results on Thursday. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.37, FiscalAI reports. The company had revenue of $534.00 million during the quarter, compared to analysts’ expectations of $560.72 million. MDU Resources Group had a net margin of 10.15% and a return on equity of 7.00%. The firm’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.90 earnings per share. MDU Resources Group updated its FY 2026 guidance to 0.930-1.000 EPS.

Here are the key takeaways from MDU Resources Group’s conference call:

• MDU reported 2025 earnings of $190.4 million ( $0.93 per share), in the middle of guidance, and issued 2026 EPS guidance of $0.93–$1.00 while maintaining a long-term EPS growth target of 6%–8% and a 60%–70% dividend payout ratio.
• The company deployed $792 million of capital in 2025, closed and placed in service a 49% interest in the Badger Wind Farm (driving a 16% year-over-year increase in utility rate base) and raised its 2026–2030 capex plan to $3.1 billion.
• Regulatory actions were mixed but constructive overall — North Dakota approved recovery for Badger Wind and Idaho and Washington rate increases took effect, while Montana denied interim rate relief (reconsideration requested), leaving some near-term recovery timing uncertainty.
• MDU has signed electric service agreements for 580 MW of data center load (phased online through 2027) using a capital‑light approach that the company says benefits earnings and reduces costs for other retail customers.
• The pipeline segment posted record earnings ($68.2 million) and is advancing projects — Line Section 32, Minot Industrial Pipeline support, and the Bakken East open season (through March 13) with a potential FERC 7C filing targeted in Q3 2026 and an eventual FID dependent on customer commitments and financing decisions.

MDU Resources Group Stock Up 0.8%

MDU opened at $20.32 on Friday. MDU Resources Group has a 12 month low of $15.04 and a 12 month high of $21.49. The business has a 50-day moving average of $20.02 and a two-hundred day moving average of $18.75. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.75 and a quick ratio of 0.69. The stock has a market capitalization of $4.15 billion, a price-to-earnings ratio of 21.85, a price-to-earnings-growth ratio of 3.51 and a beta of 0.75.

MDU Resources Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 1st. Shareholders of record on Thursday, December 11th were issued a $0.14 dividend. The ex-dividend date was Thursday, December 11th. This represents a $0.56 annualized dividend and a yield of 2.8%. MDU Resources Group’s payout ratio is 67.47%.

Key MDU Resources Group News

Here are the key news stories impacting MDU Resources Group this week:

• Positive Sentiment: Company reports growing regulated footprint and rate base: utility rate base increased ~16% year-over-year (including 49% ownership in Badger Wind) and net income from continuing operations increased. Management framed results as continued execution of its regulated energy delivery strategy. MDU Resources Reports 2025 Year-End Results; Initiates 2026 Guidance
• Positive Sentiment: Long-term growth plan and capital investment: MDU outlined a ~$3.1B capital plan and said it is accelerating the Badger Wind acquisition to drive 6–8% long-term EPS growth — a clear growth signal that supports higher regulated earnings over time. MDU Resources targets 6% to 8% long-term EPS growth through $3.1B capital plan as it accelerates Badger Wind acquisition
• Neutral Sentiment: Q4 EPS met expectations: reported EPS of $0.37 matched consensus, removing an earnings surprise risk for the quarter. MDU Resources (MDU) Q4 2025 Earnings Transcript
• Neutral Sentiment: Management commentary and investor materials available — the earnings slide deck and call transcripts provide detail for modeling rate-base recovery and capex timing. Useful for investors updating forecasts. MDU Resources Group, Inc. 2025 Q4 – Results – Earnings Call Presentation
• Negative Sentiment: Revenue missed consensus: Q4 revenue was $534.0M vs. consensus ~$560.7M and was slightly down year-over-year, which may pressure near-term growth expectations. MDU Resources Q4 Earnings Meet Estimates, Revenues Decline Y/Y
• Negative Sentiment: 2026 EPS guidance slightly below street: company set FY2026 EPS guidance of $0.93–$1.00 versus a roughly $1.01 consensus — a modest headwind for near-term earnings expectations. MDU Resources Reports 2025 Year-End Results; Initiates 2026 Guidance

Institutional Investors Weigh In On MDU Resources Group

A number of institutional investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd raised its stake in MDU Resources Group by 6,404.3% during the third quarter. Caitong International Asset Management Co. Ltd now owns 1,496 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 1,473 shares during the period. Geneos Wealth Management Inc. increased its holdings in shares of MDU Resources Group by 94.5% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,647 shares of the utilities provider’s stock worth $27,000 after buying an additional 800 shares during the last quarter. Global Retirement Partners LLC raised its position in shares of MDU Resources Group by 13,185.7% in the 4th quarter. Global Retirement Partners LLC now owns 1,860 shares of the utilities provider’s stock worth $36,000 after buying an additional 1,846 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in MDU Resources Group by 56.4% in the second quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the utilities provider’s stock valued at $42,000 after acquiring an additional 904 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its position in MDU Resources Group by 356.8% during the second quarter. Tower Research Capital LLC TRC now owns 3,170 shares of the utilities provider’s stock valued at $53,000 after acquiring an additional 2,476 shares during the period. 71.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MDU. Weiss Ratings restated a “hold (c-)” rating on shares of MDU Resources Group in a research report on Monday, December 29th. Citigroup reissued a “neutral” rating on shares of MDU Resources Group in a research report on Thursday, January 15th. Jefferies Financial Group upped their price objective on MDU Resources Group to $22.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. TD Cowen started coverage on MDU Resources Group in a research note on Thursday, October 16th. They set a “hold” rating and a $20.00 price objective on the stock. Finally, Zacks Research raised shares of MDU Resources Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 4th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $21.00.

MDU Resources Group Company Profile

MDU Resources Group, Inc is a diversified energy and services holding company headquartered in Bismarck, North Dakota. The company operates through two primary segments: Utilities and Construction Services and Pipelines & Midstream. Serving a broad geographic footprint across the upper Midwest and Pacific Northwest, MDU provides essential energy distribution and infrastructure services to residential, commercial and industrial customers.

The Utilities segment delivers electric and natural gas distribution services in Montana, North Dakota, South Dakota, Minnesota, Kansas, Wisconsin, Michigan and Washington.