Earnings summaries and quarterly performance for MDU RESOURCES GROUP.
Executive leadership at MDU RESOURCES GROUP.
Nicole Kivisto
Detailed
President and Chief Executive Officer
CEO
Anne Jones
Detailed
Chief Human Resources, Administration, and Safety Officer
Anthony Foti
Detailed
Chief Legal Officer and Corporate Secretary
Dyke Boese
Detailed
Chief Information Officer
Garret Senger
Detailed
Chief Utilities Officer
Jason Vollmer
Detailed
Chief Financial Officer
Rob Johnson
Detailed
President, WBI Energy, Inc.
Stephanie Sievert
Detailed
Chief Accounting and Regulatory Affairs Officer
Board of directors at MDU RESOURCES GROUP.
Research analysts who have asked questions during MDU RESOURCES GROUP earnings calls.
Ryan Levine
Citigroup
7 questions for MDU
Also covers: AEP, AES, ATO +17 more
Brian Russo
Jefferies
5 questions for MDU
Also covers: AEE, ALE, AVA +8 more
Christopher Ellinghaus
Siebert Williams Shank & Co., LLC
2 questions for MDU
Also covers: BKH, CPK, CTRI +12 more
Brent Thielman
D.A. Davidson
1 question for MDU
Also covers: AAON, ACA, APOG +27 more
Recent press releases and 8-K filings for MDU.
MDU Resources Group Enters into Underwriting and Forward Sale Agreements
MDU
- MDU Resources Group, Inc. entered into an Underwriting Agreement and Forward Sale Agreements on December 3, 2025, for the offering and sale of 10,152,284 shares of common stock, with underwriters having a 30-day option for an additional 1,522,842 shares.
- The initial forward sale price is $19.04 per share, which will be adjusted based on a floating interest rate factor and expected dividends.
- The Forward Sale Agreements are scheduled for settlement by December 6, 2027, with the Company having discretion over physical, cash, or net share settlement.
- The Company anticipates no dilutive effect on earnings per share unless the average market price of the common stock is above the adjusted forward sale price.
5 days ago
MDU Resources Group Prices Public Offering of Common Stock
MDU
New Projects/Investments
- MDU Resources Group announced on December 4, 2025, the pricing of an underwritten public offering of 10,152,284 shares of its common stock at $19.70 per share.
- The company has granted the underwriters an option to purchase up to 1,522,842 additional shares of common stock.
- MDU Resources will not initially receive any proceeds from the sale of shares by the forward sellers due to the forward sale agreements.
- If MDU Resources elects physical settlement of the forward sale agreements, the net proceeds are expected to be used for general corporate purposes, including repayment or refinancing of debt, capital expenditures, and acquisitions, such as a 49% undivided ownership interest in the Badger Wind Farm project in 2026.
7 days ago
MDU Resources announces public offering of common stock with forward component
MDU
New Projects/Investments
- MDU Resources Group, Inc. has commenced an underwritten public offering of $200 million of shares of its common stock, with an option for underwriters to purchase up to $30 million of additional shares.
- The company intends to enter into separate forward sale agreements for approximately $200 million of common stock, with settlement expected no later than 24 months following the completion of the offering.
- MDU Resources will not initially receive any proceeds from the sale of shares by the forward sellers.
- Upon physical settlement of the forward sale agreements, net proceeds are expected to be used for general corporate purposes, including debt repayment, capital expenditures, and the acquisition of a 49% undivided ownership interest in the Badger Wind Farm project in 2026.
7 days ago
MDU Resources Group Announces Increased Capital Investment Plan
MDU
New Projects/Investments
Guidance Update
Debt Issuance
- MDU Resources Group, Inc. announced an increased capital investment plan totaling $3.4 billion for the 2026-2030 period, as of November 20, 2025.
- This plan represents an approximately 34% increase over the previous five-year period (2021-2025) and is an increase over the company's prior 2025-2029 planned capital investment of $3.1 billion.
- The planned investments for 2026-2030 are allocated across its regulated segments, including $1,377 million for Electric, $1,354 million for Natural Gas, and $643 million for Pipeline.
- The company anticipates this investment plan will position it for 7%-8% annual rate base growth across its regulated operations and help maintain its 6%-8% long-term earnings per share growth target.
- Funding for the plan includes anticipated equity issuance of $150 million to $175 million in 2026 and $100 million to $125 million in 2027, with the remaining funding expected from internally generated cash flows and debt financing.
Nov 20, 2025, 9:33 PM
MDU Resources Group Announces Increased Capital Investment Plan
MDU
New Projects/Investments
Guidance Update
- MDU Resources Group announced a capital investment plan totaling $3.4 billion for 2026 through 2030, an increase from its prior 2025-2029 planned investment of $3.1 billion.
- This plan represents an approximately 34% increase over the previous five-year period (2021-2025) and focuses on investing in regulated electric, natural gas distribution, and pipeline businesses.
- The company anticipates equity issuance of $150 million to $175 million in 2026 and $100 million to $125 million in 2027 to support near-term capital expenditures, with remaining funding from internally generated cash flows and debt financing.
- MDU Resources expects this investment plan to position the company for annual rate base growth in the 7%-8% range and maintain its long-term earnings per share growth target of 6%-8%.
Nov 20, 2025, 9:30 PM
MDU Resources Group Reports Q3 2025 Results and Raises EPS Guidance
MDU
Earnings
Guidance Update
New Projects/Investments
- MDU Resources Group reported Q3 2025 income from continuing operations of $18.4 million, or $0.09 per share, an increase from $15.6 million, or $0.08 per share, in Q3 2024, primarily driven by strong performance in its pipeline segment.
- The company raised the bottom end of its full-year earnings per share guidance to a new range of $0.90-$0.95 per share from the previous $0.88-$0.95 per share.
- Key developments include the North Dakota Public Service Commission's approval for the acquisition of a 49% ownership interest in the Badger Wind Farm, and the in-service of the Minot Expansion Project which added 7 million cubic feet of natural gas transportation capacity per day.
- MDU's electric utility has 580 megawatts of data center load under signed agreements, with 180 megawatts currently online, and is advancing the proposed Bakken East pipeline project which secured commitments of up to $50 million annually for 10 years.
Nov 6, 2025, 7:00 PM
MDU Resources Group, Inc. Announces Q3 2025 Results and Narrows Full-Year Guidance
MDU
Earnings
Guidance Update
New Projects/Investments
- MDU Resources Group, Inc. reported net income of $18.4 million and EPS of $0.09 for the third quarter of 2025.
- The company narrowed its 2025 earnings per share guidance to a range of $0.90 to $0.95.
- Operationally, 580 MW of data center load is under signed electric service agreements, with 180 MW currently online , and the Minot Expansion Project was placed in service in November 2025, increasing natural gas transportation capacity by 7 million cubic feet per day.
- Rate relief in Washington, Montana, and Wyoming partially offset increased operation and maintenance expenses in the Natural Gas Utility segment.
Nov 6, 2025, 7:00 PM
MDU Resources Group Announces Q3 2025 Results and Narrows Guidance
MDU
Earnings
Guidance Update
New Projects/Investments
- MDU Resources Group, Inc. reported Q3 2025 diluted earnings per share from continuing operations of $0.09, up from $0.08 in Q3 2024, with income from continuing operations increasing by $2.8 million.
- The company narrowed its 2025 earnings guidance to a range of $0.90 to $0.95 per share.
- The Pipeline segment's net income grew 11.3% to $16.8 million in Q3 2025, driven by growth projects and customer demand.
- The Electric Utility segment's net income decreased to $21.5 million in Q3 2025, primarily due to higher operation and maintenance expenses, while the Natural Gas Distribution segment reported a seasonal loss of $18.2 million.
Nov 6, 2025, 1:35 PM
MDU Resources Group Announces Third Quarter 2025 Results and Narrows Guidance
MDU
Earnings
Guidance Update
New Projects/Investments
- MDU Resources Group reported diluted earnings per share from continuing operations of $0.09 for Q3 2025, an increase from $0.08 in Q3 2024, with income from continuing operations up $2.8 million.
- The company narrowed its 2025 earnings guidance to $0.90 to $0.95 per share, from the previous range of $0.88 to $0.95.
- The Pipeline segment's net income increased 11.3% to $16.8 million in Q3 2025, driven by growth projects and customer demand, while the Electric Utility segment's net income declined to $21.5 million due to higher operation and maintenance expenses.
- Key strategic developments include the Minot Expansion Project being placed in service and the North Dakota Public Service Commission's approval of the Badger Wind Farm investment.
Nov 6, 2025, 1:30 PM
MDU Resources Subsidiary Receives Approval for Wind Farm Investment
MDU
New Projects/Investments
- MDU Resources Group's subsidiary, Montana-Dakota Utilities Co. (MDU), received an Advanced Determination of Prudence (ADP) and Certificate of Public Convenience and Necessity (CPCN) from the North Dakota Public Service Commission (NDPSC).
- This approval is for MDU's planned acquisition of a 49% ownership interest in the Badger Wind Farm.
- The Badger Wind project, currently under construction, is anticipated to be complete near the end of 2025.
- The estimated investment for MDU's 122.5 MW stake in the project is approximately $294 million, with the ADP affirming prudence up to $295.5 million.
Sep 24, 2025, 8:00 PM
Quarterly earnings call transcripts for MDU RESOURCES GROUP.
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more