Friday 6 November 2026 Export MDU’s income statement to Excel — free account

MDU Resources Group, Inc.

MDU Resources Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.9 billion, up 6.66% from fiscal 2024.

Revenue: +6.87%
EPS: +42.9%
Free cash flow: −58.9%
Total debt: +18.1%

Quarter to June 2026, against a year earlier

18.38 0.15 −0.81%

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Market cap: $3.9B
P/E: 19.5×
Fwd P/E: 20.1×
Dividend yield: 3.04%
F-score: 4/9
Altman Z: 1.05
Beneish M: −2.71
Dividend safety: 32/100

Overview

MDU Resources Group, Inc. (MDU) Debt to equity

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MDU Resources Group, Inc.'s debt to equity at the end of the quarter to 30 June 2026 was 0.9×, down 0.1× from fiscal 2025 (1.0×). Over the past ten years it has ranged from 0.7× (fiscal 2022) to 1.0× (fiscal 2025) — the current reading is the highest in ten years. That is below the Utilities Regulated Gas industry median of 1.2× and below the Utilities sector median of 1.2×.

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<iframe src="https://stockrow.com/embed/MDU/debt-to-equity" width="100%" height="360" style="border:0" loading="lazy" title="MDU Resources Group, Inc. debt to equity, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/MDU/metrics/debt-to-equity">MDU Resources Group, Inc. (MDU) debt to equity — stockrow.com</a></p>

Period	Debt to equity	Change
FY2025	1.0×	13.30%
FY2024	0.9×	9.48%
FY2023	0.8×	16.13%
FY2022	0.7×	(17.31%)
FY2021	0.8×	10.27%
FY2020	0.7×	(6.70%)
FY2019	0.8×	(4.10%)
FY2018	0.8×	16.36%
FY2017	0.7×	(8.66%)
FY2016	0.8×	8.46%

Period	Debt to equity	Change
Jun 2026	0.9×	(1.51%)
Mar 2026	0.9×	(7.40%)
Dec 2025	1.0×	11.71%
Sep 2025	0.9×	8.20%
42 more quarters	Free account

Against its own ten years

Low 0.7× High 1.0×

Ten-year median 0.8×

Current reading's percentile 100

Company	Debt to equity
OGS ONE Gas, Inc. compare	0.8×
SWX Southwest Gas Corporation compare	0.9×
MDU MDU Resources Group, Inc.	0.9×
CPK Chesapeake Utilities Corporation compare	1.0×
BKH Bright Horizon Energy Corporation compare	1.1×
UGI UGI Corporation compare	1.3×
NJR NewJersey Resources Corporation compare	1.4×
SR Spire Inc. compare	1.7×
NWN Northwest Natural Gas Company compare	1.8×
Utilities Regulated Gas industry median	1.2×
Utilities sector median	1.2×
Market median	0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

MDU Resources Group, Inc. (MDU) Debt to equity

Debt to equity, annual

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Against its own ten years

Debt to equity against peers

What Debt to equity is

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Debt to equity, annual

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Against its own ten years

Debt to equity against peers

What Debt to equity is

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