MDU Resources Group, Inc. (MDU)
NYSEUtilitiesRegulated GasSnapshot 2026-09-04
$19.57-0.81%
Close 2026-09-04 · 1-day change
NYSEUtilitiesRegulated GasSnapshot 2026-09-04
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 2026-09-04.
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 strong grew net income 70% of the time over the next year (vs 63% for the rest of the cohort, n=1106).
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.
Continue engineering, regulatory, and customer agreement activities for the Bakken East Pipeline with targeted in-service dates in 2029 and 2030.
Stated as a priority in 3 of last 3 quarters. Management reported executed precedent agreements totaling nearly 1.2 billion cubic feet per day and projected capital investment of $2.7 to $3.2 billion for the Bakken East Pipeline. The project remains on track with targeted in-service dates in late 2029 and 2030, demonstrating delivering progress consistent with stated plans.
“Proposed Bakken East Pipeline Project continues to advance through engineering, environmental review and pre-filing activities.”
“Successful binding open season for Bakken East Pipeline Project concluded with approximately 1.4 billion cubic feet per day of submitted interest.”
“FERC pre-filing request submitted Dec. 23, 2025 for proposed Bakken East Pipeline Project; binding open season launched Feb. 2, 2026.”
Focus on rate relief, customer growth, and investments such as Badger Wind Farm to support electric and natural gas utility earnings growth.
Stated as a priority in 3 of last 3 quarters. Electric segment net income grew from $10.4 million in 2025-Q2 to $14.7 million in 2026-Q2, driven by Badger Wind Farm and rate increases. Natural gas distribution volumes and customer growth supported earnings despite some weather impacts. The trajectory shows delivering progress consistent with management's focus.
“Electric segment earnings up due to Badger Wind recovery, new rates, and increased volumes.”
Invest approximately $3.1 billion from 2026 through 2030 across electric, natural gas distribution, and pipeline segments to support growth and infrastructure.
Stated as a priority in 3 of last 3 quarters. Management plans capital investments totaling approximately $3.1 billion from 2026 through 2030, continuing from $792 million deployed in 2025. The capital program supports infrastructure and growth initiatives, with ongoing review and adjustments, indicating delivering progress consistent with stated plans.
Reaffirm 2026 EPS guidance of $0.93 to $1.00 and long-term EPS growth target of 6% to 8%.
Stated as a priority in 3 of last 3 quarters. Management consistently reaffirmed 2026 EPS guidance of $0.93 to $1.00 and a long-term EPS growth target of 6% to 8%. Actual diluted EPS was $0.39 in 2026-Q1 and $0.10 in 2026-Q2, reflecting ongoing execution toward these targets. The trajectory shows delivering progress aligned with guidance.
Focus on serving growing customer base including data centers, ensuring infrastructure investments support demand without subsidizing existing customers.
Stated as a priority in 2 of last 3 quarters. Management highlighted data center demand as a driver of electric retail sales volume growth and emphasized infrastructure investments that protect existing customers from subsidizing new ones. Retail sales volumes increased 8.2% year-over-year in 2026-Q2, indicating delivering progress consistent with stated priorities.
“Data center demand continued to contribute to electric retail sales volume growth.”
Over the trailing year it converted 1.87x of net income into operating cash flow. Historically, Utilities names rated neutral grew net income 68% of the time over the next year (vs 64% for the rest of the cohort, n=1211).
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, real (inflation-adjusted) rates, long-term interest rates, Fed net liquidity (low R² over the window).
17 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Utilities names rated neutral grew net income 71% of the time over the next year (vs 64% for the rest of the cohort, n=224).
Not investment advice. As of 2026-09-04.
“Electric segment benefited from Badger Wind Farm investment and rate relief despite milder weather.”
“Electric utility earnings influenced by higher operation and maintenance expense but supported by retail sales revenue and volumes including data centers.”
“Capital expenditures estimated at $3.1 billion for 2026-2030 across business lines.”
“Capital program subject to continued review; actual expenditures may vary from estimates.”
“Company advanced significant infrastructure investments deploying $792 million of capital in 2025.”
“2026 guidance reaffirmed; earnings per share in the range of $0.93 to $1.00.”
“2026 guidance affirmed; earnings per share in the range of $0.93 to $1.00.”
“2026 guidance: earnings per share in the range of $0.93 to $1.00; long-term EPS growth target of 6% to 8%.”
“Emerging opportunities tied to data center growth reinforce long-term value of infrastructure portfolio.”