MDU Resources Group, Inc. (MDU) AI Stock Analysis

MDU Resources Group, Inc. operates in regulated energy delivery, construction materials, and services across the United States. Its Electric segment generates, transmits, and distributes electricity to customers across Montana, North Dakota, South Dakota, and Wyoming using 3,500 miles of transmission lines and 4,800 miles of distribution lines. The Natural Gas Distribution segment delivers natural gas in eight states, including Idaho, Minnesota, Oregon, and Washington. Its Pipeline segment provides regulated transportation and underground storage across the Rocky Mountain and northern Great Plains regions. Additionally, the Construction Materials and Contracting segment supplies aggregates, asphalt mix, ready-mixed concrete, and cement.

Annual revenue decreased from $3.45B in FY2021 to $1.75B in FY2022, before reaching $1.88B in FY2025 with a 6.7% increase. Over the five-year period from FY2020 to FY2025, revenue posted a CAGR of -19.5%. Operating margin rose from 9.6% in FY2021 to 15.5% in FY2025, while net income finished FY2025 at $190.4M, down from $281.1M in FY2024. For the trailing twelve months ending June 30, 2026, revenue was $1.83B and EPS was $0.94. In the latest quarter ending June 30, 2026, quarterly revenue grew 6.9% year-over-year, and quarterly earnings grew 47.2% year-over-year.

As of June 30, 2026, MDU Resources held $46.3M in cash and short-term investments against total debt of $2.58B, resulting in net debt of $2.53B. Shareholders' equity stood at $2.93B, with a debt-to-equity ratio of 0.88 and a current ratio of 0.99. In FY2025, operating cash flow reached $473.4M, but capital expenditures of $792.0M produced negative free cash flow of -$318.6M. The company also allocated $108.2M toward dividends paid during FY2025, while its share count expanded 3.9% over five years.

At $19.00 per share, MDU has a market cap of $4.00B and an enterprise value of $6.43B. It trades at a trailing P/E of 20.2x and a forward P/E of 17.3x, compared to medians of 20.6x and 17.2x for its US-listed Utilities peers. Its EV/EBITDA stands at 11.8x versus the peer median of 12.1x, while its price-to-sales of 2.2x sits below the peer median of 2.4x. Over the past year, MDU returned 2.8%, trailing the S&P 500's 16.8% return, though its 5-year return of 86.4% outpaced the index's 83.0%.

MDU pays a forward annual dividend of $0.57 per share, representing a 2.97% dividend yield and a 60.1% payout ratio. The quarterly dividend has been paid for 41 consecutive years, delivering an annualized 5-year dividend growth rate of 11.2%. The last ex-dividend date was September 10, 2026.

Wall Street analysts carry 5 Strong Buy, 1 Buy, and 3 Hold ratings on MDU. The mean price target is $23.00, representing 21.1% upside from the last close of $19.00. For FY2026, consensus estimates project EPS of $0.98, up 5.3%, on revenue of $1.99B. For FY2027, 8 analysts project EPS of $1.06 and revenue of $2.13B. The company beat EPS estimates in 2 of the last 4 quarters, with next earnings scheduled for November 5, 2026.

This page is an AI-written research summary of MDU Resources Group, Inc. (MDU). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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