MDU Resources Group, Inc. (MDU)
NYSEUtilitiesRegulated GasSnapshot 2026-11-04
$19.82+0.87%
Close 2026-11-04 · 1-day change
NYSEUtilitiesRegulated GasSnapshot 2026-11-04
QuarterlyIQ Insights · MDU
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How this business ranks within utilities on a research-validated quality screen. As of 2026-11-04.
The screen ranks MDU against its sector on four durable signals: share dilution, return on capital, free-cash-flow yield, and FCF margin. Historically the highest-quality names tended toward better typical outcomes and fewer bad years over multi-year holds (strongest at three years, modest at one), and that pattern showed up even before the price moved. It characterizes business quality, not price direction.
Each leg is a sector-relative percentile (higher is better); 4 of 4 legs were available for this name. The composite is built from these four; the raw value follows each percentile for context.
A forward quality tilt, not a price prediction, and context for your own research rather than a recommendation. Not investment advice.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Utilities names rated neutral grew net income 67% of the time over the next year (vs 62% for the rest of the cohort, n=1475).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
With recently signed precedent agreements, we now have executed agreements with all customers that submitted binding open season interest totaling nearly 1.2 billion cubic feet per day of firm natura…
Stated in 3 of 3 supplied quarters. Management reported: “With recently signed precedent agreements, we now have executed agreements with all customers that submitted binding open season interest totaling nearly 1.2 billion cubic feet per day of firm natural gas transportation capacity, with a negotiated option in place that may increase the contracted volumes to nearly all of the original interest from our binding open season.” “This application is now anticipated to be filed in the fourth quarter of 2026.”
“With recently signed precedent agreements, we now have executed agreements with all customers that submitted binding open season interest totaling nearly 1.2 billion cubic feet per day of firm natura…”
“During the quarter, a successful binding open season for the proposed Bakken East Pipeline Project concluded with approximately 1.4 billion cubic feet per day of submitted interest.”
“23, 2025 for the proposed pipeline project from the Bakken region in western North Dakota to eastern North Dakota.”
Guidance MDU Resources is reaffirming guidance and expects earnings per share to be in the range of $0.93 to $1.00.
Stated in 3 of 3 supplied quarters. Management reported: “Guidance MDU Resources is reaffirming guidance and expects earnings per share to be in the range of $0.93 to $1.00.” “The company's long-term earnings-per-share growth objective remains 6% to 8%.”
“Guidance MDU Resources is reaffirming guidance and expects earnings per share to be in the range of $0.93 to $1.00.”
"Our utility businesses benefited from new rates, customer growth and investments such as Badger Wind Farm, while our pipeline business continued advancing strategic projects that have the potential…
Stated in 3 of 3 supplied quarters. Management reported: “Electric Utility Segment Strong earnings growth driven by Badger Wind recovery, implementation of new and interim rates and increased volumes • Badger Wind Farm contributed $3.3 million in earnings for the quarter • Montana interim rates and new Wyoming electric rates contributed positively to results • Retail sales volumes increased 8.2% The electric segment earned $14.7 million in the second quarter of 2026, compared with $10.4 million in the second quarter of 2025.” “Regulatory Update: • North Dakota: ◦ Filed an electric general rate case on June 30, 2026, requesting an annual revenue increase of approximately $34.5 million.”
Actual expenditures may vary from estimates.
Stated in 3 of 3 supplied quarters. Management reported: “Actual expenditures may vary from estimates.” “Investment in the potential Bakken East Pipeline project would be incremental to the outlined capital program.”
“Actual expenditures may vary from estimates.”
“5 Consolidated Statements of Income Three Months Ended March 31, 2026 2025 (In millions, except per share amounts) (Unaudited) Operating revenues $ 606.0 $ 674.8 Operating expenses: Purchased natural…”
Focus on serving growing customer base including data centers, ensuring infrastructure investments support demand without subsidizing existing customers.
Over the trailing year it converted 1.87x of net income into operating cash flow. Historically, Utilities names rated neutral grew net income 66% of the time over the next year (vs 63% for the rest of the cohort, n=1228).
Not enough signal yet.
Not enough signal to read sensitivity to the broad stock market, the US dollar, real (inflation-adjusted) rates, long-term interest rates, Fed net liquidity (low R² over the window).
14 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Utilities names rated stable grew net income 69% of the time over the next year (vs 63% for the rest of the cohort, n=1018).
Not investment advice. As of 2026-11-04.
“3 Guidance For 2026, MDU Resources expects earnings per share to be in the range of $0.93 to $1.00.”
“Guidance For 2026, MDU Resources expects earnings per share to be in the range of $0.93 to $1.00.”
“"Our utility businesses benefited from new rates, customer growth and investments such as Badger Wind Farm, while our pipeline business continued advancing strategic projects that have the potential…”
““Milder conditions reduced volumes, and normalization mechanisms in several of our states helped offset those impacts, demonstrating the strength of our regulated businesses.”
“5, 2026 – MDU Resources Group, Inc. (NYSE: MDU) today announced its financial results for 2025, reflecting continued execution of the company’s strategy as a pure-play regulated energy delivery busin…”
“Capital Expenditures Business Line 2025 Actual 2026 Estimated 2027 Estimated 2028 Estimated 2029 Estimated 2030 Estimated 2026 - 2030 Total Estimated (In millions) Electric $ 430 $ 158 $ 309 $ 250 $…”