Sunday 11 October 2026 Export all MDU data to Excel Powerpack

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. In the quarter to June 2026, revenue grew 6.87%, EPS grew 42.9%, free cash flow fell 58.9% and total debt rose 18.1%, each against the same quarter a year earlier. Dividend growth for three consecutive years; insiders bought in the last twelve months.

18.74 0.07 −0.37%

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Market cap: $4.0B
P/E: 19.7×
Fwd P/E: 21.8×
Dividend yield: 3.02%
F-score: 4/9
Altman Z: 1.05
Beneish M: −2.71
Dividend safety: 32/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.10

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	1	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 2.74%

Capital & Financial Ratios $m

Market Cap 3,960.00

Revenue 1,830.33

Net Income 196.71

Free Cash Flow (386.13)

Net Debt 2,530.89

Current Ratio 0.99

Debt/Equity 0.88

P/E ratio 19.72

Fwd P/E 21.80

P/S ratio 2.15

P/B ratio 1.34

Past 5Y EPS Growth (13.76%)

This Y EPS Growth 5.11%

Next Y EPS Growth 8.08%

Next Y revenue growth 5.60%

Next 5Y EPS Growth 7.60%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 82.90%

10-year low 10-year high

P/S against its own 10 years 87.59%

10-year low 10-year high

P/B against its own 10 years 90.29%

10-year low 10-year high

EV/Sales against its own 10 years 88.39%

10-year low 10-year high

Dividends

Payout Ratio 0.59

Annual Dividend Rate 0.57

Annual Dividend Yield 3.02%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.58	0.14 0.14 0.15
2025	0.54	0.13 0.13 0.14 0.14
2024	0.34	0.07 0.07 0.07 0.13
2023	0.35	0.08 0.12 0.07 0.07
2022	0.33	0.08 0.08 0.08 0.08
2021	0.33	0.08 0.08 0.08 0.08
2020	0.32	0.08 0.08 0.08 0.08
2019	0.31	0.08 0.08 0.08 0.08
2018	0.49	0.14 0.14 0.08 0.14
2017	0.47	0.13 0.07 0.13 0.14
2016	0.46	0.13 0.07 0.13 0.13

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	60	67	28	46
Receivables	250	274	259	152
Inventory	45	45	39	19
Other	172	239	206	217
	1,364	666	572	496

	2023	2024	2025	Q'26
Payables	160	150	149	111
ST’ Debt	156	162	145	5
Other	71	157	173	181
	1,076	679	685	500

Compound Annual Growth %

	10y	5y	3y
Sales	(7.33%)	(19.46%)	2.38%
Cash Flow	(3.30%)	(9.23%)	(2.46%)
Earnings	0.00%	(13.37%)	(19.68%)
Book Value	0.96%	(2.07%)	(8.22%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	606	375	—	—	—
’25	675	351	315	534	1,875
’24	588	344	290	536	1,758
’23	1,430	1,091	1,001	(1,719)	1,803
’22	1,417	1,010	1,002	(1,681)	1,747
’21	1,228	1,424	1,586	(783)	3,454
’20	1,197	1,363	1,587	1,385	5,533

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	149	116	—	—	—
’25	217	117	58	81	473
’24	165	136	140	61	502
’23	(44)	117	102	158	333
’22	112	7	166	225	510
’21	96	87	183	130	496
’20	79	182	220	287	768

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	57	15	—	—	—
’25	124	36	(122)	(336)	(297)
’24	48	27	1	(95)	(20)
’23	(152)	3	(34)	32	(151)
’22	(33)	(57)	30	128	67
’21	(15)	(51)	17	75	25
’20	(56)	91	56	155	246

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.39	0.10	—	—	—
’25	0.40	0.07	0.09	0.37	0.93
’24	0.49	0.30	0.32	0.27	1.37
’23	0.19	0.64	0.37	0.84	2.03
’22	0.16	0.35	0.73	0.57	1.81
’21	0.26	0.50	0.68	0.42	1.87
’20	0.13	0.50	0.76	0.56	1.95

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	5.92	9.56	8.64	8.88	5.70	9.67	9.48	9.99	10.41	15.04	Analyst estimates 2026–2028 Powerpack
	High	11.38	11.31	11.26	11.34	12.25	13.32	12.24	12.49	20.39	21.49
People
People	Employees	9,598	10,140	11,797	13,359	12,994	14,700	14,929	9,145	2,052	2,096
	Revenue/emp, $m	0.43	0.44	0.38	0.40	0.43	0.23	0.12	0.20	0.86	0.89
Income, $m
Income, $m	Revenue	4,129	4,443	4,532	5,337	5,533	3,454	1,747	1,803	1,758	1,875
	Gross margin, %	88.90	88.53	89.30	90.48	91.74	83.87	49.79	51.33	56.11	55.71
	EBT	326	350	317	398	475	286	123	340	199	211
	EBT margin, %	7.90	7.88	6.99	7.47	8.59	8.28	7.07	18.87	11.30	11.25
	Net income	(67)	281	272	335	390	378	367	415	281	190
	Depreciation	216	207	220	257	287	199	189	191	202	208
Per share, $
Per share, $	Revenue	21.14	22.75	23.15	26.87	27.59	17.09	8.59	8.86	8.62	9.18
	Earnings	0.33	1.44	1.39	1.69	1.95	1.87	1.81	2.04	1.38	0.93
	Cash flow	2.37	2.29	2.55	2.73	3.83	2.45	2.51	1.63	2.46	2.32
	Capex	(1.76)	(1.10)	(2.77)	(2.75)	(2.61)	(2.33)	(2.18)	(2.38)	(2.56)	(3.77)
	Free cash flow	0.61	1.19	(0.22)	(0.02)	1.23	0.12	0.33	(0.74)	(0.10)	(1.45)
	Book value	11.86	12.44	13.11	14.34	15.36	16.74	17.64	14.27	13.20	13.57
	Shares, m	195	195	196	199	201	202	203	204	204	204
Valuation, ×
Valuation, ×	P/E	33.00	7.06	6.53	6.73	5.14	6.31	6.41	5.35	12.96	20.99
	P/S	0.52	0.45	0.39	0.42	0.36	0.69	1.35	1.23	2.09	2.13
	P/B	0.92	0.82	0.69	0.79	0.65	0.70	0.66	0.77	1.37	1.44
	EV/Sales	0.94	0.82	0.85	0.83	0.76	1.46	2.69	2.45	3.36	3.54
	EV/FCF	32.57	15.71	(90.65)	(1,112.75)	17.13	201.00	69.54	(29.25)	(297.72)	(22.34)
Cash, $m
Cash, $m	Operating cash flow	462	448	500	542	768	496	510	333	502	473
	Capex	(343)	(215)	(542)	(546)	(522)	(471)	(443)	(484)	(522)	(770)
	Free cash flow	119	233	(42)	(4)	246	25	67	(151)	(20)	(297)
Balance, $m
Balance, $m	Working capital	308	257	198	431	374	459	532	288	(12)	(113)
	Total debt	1,790	1,715	2,109	2,243	2,263	2,742	2,404	2,261	2,293	2,677
	Net debt	1,744	1,680	2,055	2,177	2,204	2,688	2,334	2,201	2,226	2,649
	Shareholders’ equity	2,316	2,429	2,567	2,847	3,079	3,383	3,587	2,905	2,691	2,773
Returns, %
Returns, %	ROA	0.99	4.44	4.09	4.57	4.96	4.46	3.96	4.74	3.78	2.60
	ROIC	6.29	6.45	5.43	5.99	6.45	3.41	2.12	2.75	3.38	3.35
	ROE	2.65	11.86	10.90	12.39	13.17	11.70	10.54	12.78	10.05	6.97

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
SWX Southwest Gas Corporation	$6.1B	11.0×	20.8×	−9.63% (below 0%: shrinking)	n/m	−157.57% (below 0%: shrinking)	89.27%	23.54%	Compare
BKH Black Hills Corporation	$5.8B	19.2×	16.7×	+3.14% (above 0%: growing)	+31.58% (above 0%: growing)	+24.09% (above 0%: growing)	74.93%	21.42%	Compare
NJR NewJersey Resources Corporation	$5.2B	14.1×	15.9×	+16.80% (above 0%: growing)	n/m	−3.14% (below 0%: shrinking)	57.69%	9.13%	Compare
SR Spire Inc.	$4.6B	8.7×	20.4×	+19.21% (above 0%: growing)	+1,131.03% (above 0%: growing)	+0.22% (above 0%: growing)	75.92%	5.57%	Compare
OGS ONE Gas, Inc.	$4.6B	15.6×	16.5×	−2.86% (below 0%: shrinking)	+39.62% (above 0%: growing)	+511.45% (above 0%: growing)	78.07%	20.08%	Compare
MDU MDU Resources Group, Inc.	$4.0B	19.7×	21.8×	+6.87% (above 0%: growing)	+42.86% (above 0%: growing)	−58.85% (below 0%: shrinking)	64.77%	12.78%
CPK Chesapeake Utilities Corporation	$3.1B	20.3×	19.2×	+4.72% (above 0%: growing)	+2.91% (above 0%: growing)	+38.63% (above 0%: growing)	74.39%	26.20%	Compare
CTRI Centuri Holdings, Inc.	$2.1B	67.4×	67.3×	+32.86% (above 0%: growing)	−33.33% (below 0%: shrinking)	+85.38% (above 0%: growing)	7.19%	2.51%	Compare
NWN Northwest Natural Gas Company	$2.0B	15.9×	16.5×	+3.12% (above 0%: growing)	n/m	+36.83% (above 0%: growing)	74.64%	13.61%	Compare
Median of peers	$4.6B	15.7×	18.0×	+3.93%	+31.58%	+30.46%	74.78%	16.85%

All 15 Utilities Regulated Gas stocks →

MDU Resources Group, Inc. (MDU) key facts

Concern: Net income was $190.4 million, or $0.93 per share (basic), a net margin of 10.2%.
Strength: MDU Resources Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.9 billion, up 6.66% from fiscal 2024.
MDU Resources Group, Inc. (MDU) is an Utilities Regulated Gas company in the Utilities sector, listed on the New York Stock Exchange.
As of October 9, 2026, MDU traded at $18.74, a market capitalization of $4.0 billion.
At that price the stock trades at 19.7× trailing-twelve-month earnings and 2.1× sales; its P/E is higher than 83% of its own readings over the past ten years.
MDU Resources Group, Inc. pays an annual dividend of $0.57 per share, a yield of 3.02%, with a payout ratio of 59.5%.
Return on equity was 6.97% and debt-to-equity 0.88.
Its Piotroski F-score is 4 out of 9 and its Altman Z-score is 1.05 (distress zone) for fiscal 2025.