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

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

• 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 Price Performance

MDU stock traded up $0.09 during midday trading on Friday, reaching $18.61. 3,246,720 shares of the stock were exchanged, compared to its average volume of 1,513,342. MDU Resources Group has a 52 week low of $18.14 and a 52 week high of $22.98. The company has a fifty day moving average price of $19.07 and a 200 day moving average price of $20.54. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.99 and a quick ratio of 0.95. The stock has a market capitalization of $3.81 billion, a PE ratio of 20.02, a P/E/G ratio of 3.66 and a beta of 0.66.

MDU Resources Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th were issued a dividend of $0.1450 per share. This represents a $0.58 annualized dividend and a dividend yield of 3.1%. This is a boost 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 (DPR) is currently 61.05%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on MDU shares. Wells Fargo & Company assumed coverage on MDU Resources Group in a report on Monday, July 13th. They issued an “overweight” rating and a $25.00 price objective for the company. Weiss Ratings downgraded 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 MDU Resources Group from a “sell” rating to a “hold” rating in a report on Saturday. Finally, JPMorgan Chase & Co. raised MDU Resources Group from a “neutral” rating to an “overweight” rating and set a $27.00 price target on the stock in a research report on Thursday, August 6th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $23.75.

MDU Resources Group News Roundup

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.