MDU Resources Group (NYSE:MDU) Issues Earnings Results

MDU Resources Group (NYSE:MDU) issued its quarterly earnings results on Thursday. The utilities provider reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02), FiscalAI reports. MDU Resources Group had a return on equity of 6.89% and a net margin of 10.75%. The firm had revenue of $347.75 million for the quarter, compared to the consensus estimate of $346.63 million. During the same period last year, the firm earned $0.09 EPS. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. 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:

• Third-quarter earnings fell to $0.07 per share from $0.09 a year earlier; adjusted earnings were $0.08 per share. Results included a $2.1 million after-tax loss from ending the Knott landfill RNG project, Bakken East advisory costs, and lower returns on benefit-plan investments.
• The electric utility’s quarterly earnings rose to $26.5 million from $21.5 million, helped by new rates, the Badger Wind Farm, and 9.3% growth in retail electric sales. Company-wide operating income increased 15% year to date.
• The board approved a final investment decision on the $2.8 billion–$3.1 billion Bakken East pipeline, designed to transport 1.4 billion cubic feet of gas per day, with service expected in phases in late 2029 and late 2030. Financing options remain under evaluation, with MDU expecting to retain majority ownership and operational control.
• MDU reported more than 1 GW of data-center load signed under agreements, with about 280 MW online and more expected to ramp up. Management said its cost-causation approach has returned $45.4 million to North Dakota customers since 2023.
• MDU reaffirmed 2026 EPS guidance of $0.93–$1.00 and its long-term annual EPS growth objective of 6%–8%. The outlook assumes normal conditions and constructive regulatory outcomes; several rate matters remain pending or subject to refund.

MDU Resources Group Stock Up 0.5%

MDU Resources Group stock traded up $0.09 on Friday, hitting $18.61. 3,246,720 shares of the stock traded hands, compared to its average volume of 1,513,342. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.88. The firm has a market cap of $3.81 billion, a P/E ratio of 20.02, a price-to-earnings-growth ratio of 3.66 and a beta of 0.66. The business’s fifty day simple moving average is $19.07 and its 200 day simple moving average is $20.54. MDU Resources Group has a 1 year low of $18.14 and a 1 year high of $22.98.

MDU Resources Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th were issued a $0.1450 dividend. This represents a $0.58 dividend on an annualized basis and a yield of 3.1%. This is a positive change from MDU Resources Group’s previous quarterly dividend of $0.14. The ex-dividend date was Thursday, September 10th. MDU Resources Group’s dividend payout ratio is currently 61.05%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on MDU shares. Weiss Ratings cut shares of MDU Resources Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, October 21st. Wall Street Zen upgraded shares of MDU Resources Group from a “sell” rating to a “hold” rating in a research report on Saturday. JPMorgan Chase & Co. upgraded shares of MDU Resources Group from a “neutral” rating to an “overweight” rating and set a $27.00 price objective on the stock in a research report on Thursday, August 6th. Finally, Wells Fargo & Company began coverage on MDU Resources Group in a report on Monday, July 13th. They set an “overweight” rating and a $25.00 price target on the stock. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $23.75.

Key MDU Resources Group News

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

• Positive Sentiment: MDU reached a positive final investment decision on its Bakken East Pipeline, a strategic growth project intended to serve rising energy demand. The company also reported stronger electric utility earnings. MDU Resources Q3 results and guidance
• Neutral Sentiment: Third-quarter revenue rose 10.4% year over year to $347.75 million, slightly above analyst estimates. MDU reaffirmed 2026 EPS guidance of $0.93–$1.00, a range that includes the $0.98 consensus estimate but does not represent an increase. MDU Q3 earnings and guidance
• Negative Sentiment: Adjusted EPS was $0.08, missing the $0.10 consensus and down from $0.09 a year earlier. Consolidated net income also declined to $14.0 million from $18.4 million, with higher costs cited as a factor—likely weighing on investor sentiment. MDU Q3 earnings miss and higher costs

About MDU Resources Group

MDU Resources Group, Inc is a regulated energy delivery company headquartered in Bismarck, North Dakota. Through its utility and pipeline businesses, the company provides electric and natural gas services to residential, commercial, industrial and institutional customers.

Montana-Dakota Utilities operates electric generation, transmission and distribution systems, as well as natural gas distribution networks, across parts of North Dakota, South Dakota, Montana and Wyoming. Great Plains Natural Gas provides natural gas service in portions of Minnesota.