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    MDU Resources Group Inc (MDU)

    Financials

    Updated May 8, 2025, 7:35 PM UTC
    Income Statement - MetricQ1 2014Q2 2014Q3 2014FY 2014Q1 2015Q2 2015Q3 2015FY 2015Q1 2016Q2 2016Q3 2016FY 2016Q1 2017Q2 2017Q3 2017FY 2017Q1 2018Q2 2018Q3 2018FY 2018Q1 2019Q2 2019Q3 2019FY 2019Q1 2020Q2 2020Q3 2020FY 2020Q1 2021Q2 2021Q3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Operating Revenues (USD, thousands)1,135,320.004,657,3401,213,8251,047,545.001,050,516.00(1,553,908.00)1,757,978674.8
    Purchased Natural Gas Sold (USD, thousands)200,117.00742,965258,60294,590.0053,377.00223,834.00630,403317.2
    Electric Fuel and Purchased Power (USD, thousands)34,126.00107,88132,61729,716.0025,210.0053,605.00141,14843.7
    Operation and Maintenance Expense (USD, thousands)666,076.002,970,872671,917732,993.00786,637.00(1,777,056.00)414,491111.1
    Depreciation and Amortization (USD, thousands)54,721.00213,59855,75055,881.0056,160.0032,287.00200,07851.3
    Taxes, Other Than Income (USD, thousands)39,459.00196,04658,99244,619.0038,328.00(35,723.00)106,21638.7
    Total Operating Expenses (USD, thousands)994,499.004,231,3621,077,878957,799.00959,712.00(1,503,053.00)1,492,336562.0
    Operating Income (USD, thousands)140,821.00425,978135,94789,746.0090,804.00(50,855.00)265,642112.8
    Other Income (USD, thousands)12,421.0041,67213,78714,662.0013,838.00(920.00)41,3675.0
    Interest Expense (USD, thousands)31,767.00114,30828,70628,608.0029,466.0021,567.00108,34726.8
    Income Before Income Taxes (USD, thousands)137,861.00539,898121,02875,800.0075,176.00(73,342.00)198,66291.0
    Income Taxes (USD, thousands)(32,838.00)59,47320,13015,226.0013,017.00(30,784.00)17,5898.5
    Income from Continuing Operations (USD, thousands)170,699.00480,425100,89860,574.0062,159.00(42,558.00)181,07382.5
    Discontinued Operations, Net of Tax (USD, thousands)34.00(65,718)--2,457.0097,716.00100,035(0.5)
    Net Income (USD, thousands)170,733.00414,707100,89860,436.0064,616.0055,158.00281,10882.0
    Earnings per Share - Basic - Income from Continuing Operations (USD)0.842.360.500.290.31(0.21)0.890.40
    Earnings per Share - Basic - Discontinued Operations, Net of Tax (USD)0.00(0.32)--0.010.480.49N/A [N/A]
    Earnings per Share - Basic (USD)0.842.040.500.290.320.271.380.40
    Earnings per Share - Diluted - Income from Continuing Operations (USD)0.842.360.490.300.31(0.22)0.880.40
    Earnings per Share - Diluted - Discontinued Operations, Net of Tax (USD)(0.01)(0.33)--0.010.480.49N/A [N/A]
    Earnings per Share - Diluted (USD)0.832.030.490.300.320.261.370.40
    Weighted Average Common Shares Outstanding - Basic (thousands)7.00203,640203,77955.0018.0015.00203,867204.1
    Weighted Average Common Shares Outstanding - Diluted (thousands)47.00203,938204,187177.0087.00202.00204,653205.0
    Balance Sheet - MetricQ1 2014Q2 2014Q3 2014FY 2014Q1 2015Q2 2015Q3 2015FY 2015Q1 2016Q2 2016Q3 2016FY 2016Q1 2017Q2 2017Q3 2017FY 2017Q1 2018Q2 2018Q3 2018FY 2018Q1 2019Q2 2019Q3 2019FY 2019Q1 2020Q2 2020Q3 2020FY 2020Q1 2021Q2 2021Q3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Cash, cash equivalents and restricted cash (USD, thousands)76,97576,97589,29694,438104,01666,90466,90459,541
    Receivables, net (USD, thousands)942,782942,782932,146926,804934,473274,303274,303269,246
    Current regulatory assets (USD, thousands)172,492172,492158,614217,822241,008215,436215,436143,341
    Inventories (USD, thousands)87,39287,39257,42969,73691,88944,94044,94018,457
    Prepayments and other current assets (USD, thousands)84,08284,08282,45988,23996,43464,67664,67650,966
    Total current assets (USD, thousands)1,363,7231,363,7231,319,9441,397,0391,467,820666,259666,259541,551
    Property, plant and equipment (USD, thousands)7,341,1167,341,1167,441,5897,560,4557,703,2497,554,0637,554,0637,617,007
    Less accumulated depreciation and amortization (USD, thousands)2,220,2062,220,206(2,262,789)(2,295,499)(2,322,543)(2,209,771)(2,209,771)2,238,371
    Net property, plant and equipment (USD, thousands)5,120,9105,120,9105,178,8005,264,9565,380,7065,344,2925,344,2925,378,636
    Goodwill (USD, thousands)488,960488,960488,960488,960488,960345,736345,736345,736
    Regulatory assets (USD, thousands)447,099447,099414,433351,334343,578322,350322,350312,008
    Investments (USD, thousands)124,235124,235119,396123,391130,602115,459115,459117,599
    Other (USD, thousands)199,675199,675183,463216,903222,303231,895231,895265,944
    Total noncurrent assets (USD, thousands)6,469,4366,469,4366,519,9276,563,2976,704,8296,372,5596,372,5596,419,923
    Total assets (USD, thousands)7,833,1597,833,1597,839,8717,960,3368,172,6497,038,8187,038,8186,961,474
    Long-term debt due within one year (USD, thousands)61,31961,31960,700193,608218,777161,700161,700161,700
    Accounts payable (USD, thousands)475,215475,215420,168442,568489,100150,070150,070109,133
    Regulatory liabilities due within one year (USD, thousands)70,76170,76190,115158,535157,068137,167137,167140,165
    Taxes payable (USD, thousands)58,11058,11081,97263,02961,87943,37243,37265,218
    Dividends payable (USD, thousands)25,46125,46125,04425,02926,02426,51126,51126,563
    Accrued compensation (USD, thousands)85,51285,51247,39463,92797,04135,26435,26418,175
    Other accrued liabilities (USD, thousands)181,471181,471174,296178,566203,353124,514124,514113,622
    Total current liabilities (USD, thousands)1,075,7331,075,733922,8231,149,8591,281,375678,598678,598634,576
    Long-term debt (USD, thousands)2,236,9042,236,9042,325,6972,207,0092,233,5202,130,9102,130,9102,031,976
    Deferred income taxes (USD, thousands)458,548458,548461,808454,826453,155441,320441,320429,825
    Asset retirement obligations (USD, thousands)384,371384,371388,451393,743397,952406,351406,351410,715
    Regulatory liabilities (USD, thousands)521,050521,050523,484461,366463,790459,170459,170463,879
    Total noncurrent liabilities (USD, thousands)3,852,1933,852,1933,936,1073,792,6733,833,2893,669,6463,669,6463,583,762
    Common stock (USD, thousands)203,689203,689203,888203,888203,888203,935203,935204,331
    Other paid-in capital (USD, thousands)1,466,2351,466,2351,466,5511,468,4831,470,4291,473,7381,473,7381,470,512
    Retained earnings (USD, thousands)1,253,6931,253,6931,328,8121,363,6041,401,5551,029,6991,029,6991,084,899
    Accumulated other comprehensive loss (USD, thousands)(18,384)(18,384)(18,310)(18,171)(17,887)(16,798)(16,798)(16,606)
    Total stockholders' equity (USD, thousands)2,905,2332,905,2332,980,9413,017,8043,057,9852,690,5742,690,5742,743,136
    Total liabilities and stockholders' equity (USD, thousands)7,833,1597,833,1597,839,8717,960,3368,172,6497,038,8187,038,8186,961,474
    Cash Flow - MetricQ1 2014Q2 2014Q3 2014FY 2014Q1 2015Q2 2015Q3 2015FY 2015Q1 2016Q2 2016Q3 2016FY 2016Q1 2017Q2 2017Q3 2017FY 2017Q1 2018Q2 2018Q3 2018FY 2018Q1 2019Q2 2019Q3 2019FY 2019Q1 2020Q2 2020Q3 2020FY 2020Q1 2021Q2 2021Q3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Net Income (USD, thousands)170,733.00414,707100,89860,436.0064,616.0055,158.00281,10881,965
    Income from Discontinued Operations, Net of Tax (USD, thousands)34.00(65,718)--2,457.0097,716.00100,035(502)
    Income from Continuing Operations (USD, thousands)170,699.00480,425100,89860,574.0062,159.00(42,558.00)181,07382,467
    Depreciation and Amortization (USD, thousands)54,721.00213,59855,75055,881.0056,160.0032,287.00200,07851,261
    Provision for Credit Losses (USD, thousands)3,855.0013,6242,287681.001,934.001,656.006,5583,152
    Amortization of Debt Issuance Costs (USD, thousands)216.001,207228503.00436.00661.001,828309
    Employee Stock-Based Compensation Costs (USD, thousands)2,366.006,3093,1731,947.001,947.001,356.008,4231,646
    Pension and Postretirement Benefit Plan Net Periodic Benefit Credit (USD, thousands)(1,294.00)(5,380)(964)(931.00)(987.00)(955.00)(3,837)(267)
    Unrealized (Gains) Losses on Investments (USD, thousands)(3,992.00)(7,493)(2,873)(362.00)(2,578.00)(129.00)(5,942)470
    (Gains) Losses on Sales of Assets (USD, thousands)(1,760.00)(8,521)(1,276)(1,271.00)(3,207.00)4,897.00(857)71
    Pension and Postretirement Benefit Plan Contributions (USD, thousands)(102.00)(7,643)(8)(501.00)(2,048.00)(443.00)(3,000)(385)
    Other Noncurrent Changes (USD, thousands)(19,313.00)(22,675)(24,800)34,912.00(45,350.00)33,587.00(1,651)(2,162)
    Net Cash Provided by Continuing Operations (USD, thousands)157,629.00492,757165,097136,610.00137,761.00(27,655.00)411,813217,974
    Net Cash Provided by Discontinued Operations (USD, thousands)84.00(160,130)--2,456.0088,187.0090,505(502)
    Net Cash Provided by Operating Activities (USD, thousands)157,713.00332,627165,097136,472.00140,217.0060,532.00502,318217,472
    Capital Expenditures (USD, thousands)(149,141.00)(519,726)(126,209)(117,247.00)(157,533.00)(121,835.00)(522,824)(93,034)
    Net Proceeds from Sale or Disposition of Property (USD, thousands)3,236.0016,4742,8202,601.004,169.00681,670.00691,2600
    Cost of Removal, Net of Salvage Value (USD, thousands)-1,170--(2,509.00)594.00(5,539)869
    Proceeds from Investment Cost Basis Withdrawal (USD, thousands)--9,0000.000.000.009,0000
    Net Cash Used in Investing Activities (USD, thousands)(125,093.00)(540,791)(117,264)(118,700.00)(156,446.00)(160,275.00)(552,685)(94,739)
    Repayment of Short-Term Borrowings (USD, thousands)(267,401.00)(460,901)(95,000)0.000.000.00(95,000)0
    Issuance of Long-Term Debt (USD, thousands)314,800.00726,70089,20024,500.00188,700.006,200.00308,6000
    Repayment of Long-Term Debt (USD, thousands)(358,004.00)(792,998)(623)(10,504.00)(136,604.00)(34,404.00)(182,135)(99,104)
    Debt Issuance Costs (USD, thousands)(677.00)(2,521)(527)(1,110.00)(779.00)(40.00)(2,456)(5)
    Costs of Issuance of Common Stock (USD, thousands)--(35)(15.00)0.000.00(50)0
    Dividends Paid (USD, thousands)(25,455.00)(161,316)(25,904)(25,501.00)(25,510.00)(26,024.00)(102,939)(26,511)
    Tax Withholding on Stock-Based Compensation (USD, thousands)0.00(3,040)(2,623)0.000.000.00(2,623)(4,476)
    Net Cash (Used in) Provided by Financing Activities (USD, thousands)11,863.00204,622(35,512)(12,630.00)25,807.0062,631.0040,296(130,096)
    (Decrease) Increase in Cash, Cash Equivalents and Restricted Cash (USD, thousands)44,483.00(3,542)12,3215,142.009,578.00(37,112.00)(10,071)(7,363)
    Deferred Income Taxes (USD, thousands)(4,414)(4,414)1,059(8,580)(12,289)(16,078)(16,078)(13,687)
    Investments (USD, thousands)16,30216,302(2,906)(3,305)(3,878)(5,155)(5,155)(2,574)
    Cash, Cash Equivalents and Restricted Cash - Beginning of Year (USD, thousands)80,51780,51776,97576,97576,97576,97576,97566,904
    Cash, Cash Equivalents and Restricted Cash - End of Year * (USD, thousands)76,97576,97589,29694,438104,01666,90466,90459,541
    Revenue by Segment - in Millions of USDQ1 2014Q2 2014Q3 2014FY 2014Q1 2015Q2 2015Q3 2015FY 2015Q1 2016Q2 2016Q3 2016FY 2016Q1 2017Q2 2017Q3 2017FY 2017Q1 2018Q2 2018Q3 2018FY 2018Q1 2019Q2 2019Q3 2019FY 2019Q1 2020Q2 2020Q3 2020FY 2020Q1 2021Q2 2021Q3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Electric106.2400.9107.799.16108.499.14414.4-
    - Residential34.1136.3263.9138.1399.0-360.93140.1-
    - Commercial48.6170.3162.1105.8984.3-180.49171.8-
    - Industrial11.443.114.621.0316.6-9.3342.9-
    - Other27.3-2.072.0-7.9-
    Natural Gas Distribution367.71,287.1459.5201.43133.5406.571,201.0-
    - Transportation & Other1.152.518.956.7357.2-72.2360.6-
    Pipeline26.2115.151.339.9644.27.14142.6-
    - Regulated22101.618.8-----
    - Non-Regulated4.213.52.23.88----
    Construction Services635.82,854.2625.6703.12761.0---
    - Electrical & Mechanical452.52,125.5439.4502.02534.6---
    - Transmission & Distribution171.7683.3176.9190.88216.1---
    Construction Materials & Contracting--------
    - Aggregates--------
    - Asphalt--------
    - Ready-Mix Concrete--------
    - Other Products--------
    - Contracting Services--------
    - Intrasegment Eliminations--------
    Other-01.40.001.4-2.80.0-
    Total Revenue828.144,657.341,213.81,047.551,050.5-1,553.951,757.9-
    KPIs - Metric (Unit, Scale)Q1 2014Q2 2014Q3 2014FY 2014Q1 2015Q2 2015Q3 2015FY 2015Q1 2016Q2 2016Q3 2016FY 2016Q1 2017Q2 2017Q3 2017FY 2017Q1 2018Q2 2018Q3 2018FY 2018Q1 2019Q2 2019Q3 2019FY 2019Q1 2020Q2 2020Q3 2020FY 2020Q1 2021Q2 2021Q3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Number of electric residential customers (Count of customers)-119,700----120,043-
    Number of electric commercial customers (Count of customers)-23,573----23,762-
    Number of electric industrial customers (Count of customers)-228----219-
    Number of electric other customers (Count of customers)-1,607----1,662-
    Number of total electric retail customers (Count of customers)-145,108----145,686-
    Electric retail volumes for Residential (million kWh)-1180.2337.1231.0300.4-1159.5-
    Electric retail volumes for Commercial (million kWh)-2,350.5486.5550.9725.5-2,474.5-
    Electric retail volumes for Industrial (million kWh)-583.7140.5135.1119.1-528.9-
    Electric retail volumes for Other (million kWh)-81.820.119.221.7-81.6-
    Total electric retail volumes (million kWh)-4,196.2984.2936.21,166.7-4,244.5-
    Average cost of electric fuel and purchased power (USD per kWh)-0.0240.0310.0300.020-0.025-
    Cooling degree days for Montana (percent difference from prior year)-------0.7-
    Cooling degree days for North Dakota (percent difference from prior year)-------2.2-
    Cooling degree days for South Dakota (percent difference from prior year)-------27.0-
    Cooling degree days for Wyoming (percent difference from prior year)------46.1-
    Heating degree days for Idaho (percent difference from prior year)-------7.3-
    Heating degree days for Minnesota (percent difference from prior year)-------12.6-
    Heating degree days for Montana (percent difference from prior year)-------4.6-
    Heating degree days for North Dakota (percent difference from prior year)-------9.9-
    Heating degree days for Oregon (percent difference from prior year)-------4.3-
    Heating degree days for South Dakota (percent difference from prior year)-------10.0-
    Heating degree days for Washington (percent difference from prior year)-------0.2-
    Heating degree days for Wyoming (percent difference from prior year)-------9.8-
    Natural gas distribution volumes for retail sales - Residential (MMdk)-69.330.09.73.7-67.2-
    Natural gas distribution volumes for retail sales - Commercial (MMdk)-47.919.97.33.6-46.9-
    Natural gas distribution volumes for retail sales - Industrial (MMdk)-5.41.81.21.0-5.4-
    Natural gas distribution volumes for total retail sales (MMdk)-122.651.718.28.3-119.5-
    Natural gas distribution volumes for transportation sales - Commercial (MMdk)-1.90.70.30.3---
    Natural gas distribution volumes for transportation sales - Industrial (MMdk)-188.456.240.345.1---
    Natural gas distribution volumes for total transportation sales (MMdk)-190.356.940.645.4-194.5-
    Natural gas distribution total throughput (MMdk)-312.9108.658.853.7-314.0-
    Pipeline transportation volumes (MMdk)-567.2147.6160.7155.1-613.2-
    Customer natural gas storage balance (MMdk)--------
    Nameplate rating for Coyote Station (kW)-103,647----103,647-
    Nameplate rating for Heskett (kW)-89,038----176,632-
    Nameplate rating for Glen Ullin (kW)-7500----7500-
    Nameplate rating for Cedar Hills (kW)-19,500----19,500-
    Nameplate rating for Thunder Spirit (kW)-155,500----155,500-
    Nameplate rating for Big Stone (kW)-94,111----94,111-
    Nameplate rating for Lewis & Clark (kW)-18,700----18,700-
    Nameplate rating for Glendive (kW)-75,522----75,522-
    Nameplate rating for Miles City (kW)-23,150----23,150-
    Nameplate rating for Diamond Willow (kW)-30,000----30,000-
    Nameplate rating for Portable Units (2) (kW)-3,650----3,650-
    Nameplate rating for Interconnected System total (kW)-620,318----707,912-
    Nameplate rating for Wygen III (kW)-28,000----28,000-
    Nameplate rating for Sheridan System total (kW)-28,000----28,000-
    ZRCs for Coyote Station (ZRCs)-102.6----99.7-
    ZRCs for Heskett (ZRCs)-85.9----85.7-
    ZRCs for Glen Ullin (ZRCs)-1.8----2.9-
    ZRCs for Cedar Hills (ZRCs)-4.5----5.2-
    ZRCs for Thunder Spirit (ZRCs)-34.4----36.7-
    ZRCs for Big Stone (ZRCs)-111.6----108.7-
    ZRCs for Lewis & Clark (ZRCs)-15.4----14.4-
    ZRCs for Glendive (ZRCs)-49.6----53.9-
    ZRCs for Miles City (ZRCs)-17.3----16.2-
    ZRCs for Diamond Willow (ZRCs)-5.8----6.0-
    ZRCs for Portable Units (2) (ZRCs)-3.7----3.5-
    ZRCs for Interconnected System total (ZRCs)-516.1----536.8-
    ZRCs for total system (ZRCs)-516.1----536.8-
    Net generation for Coyote Station (thousand kWh)-650,039----557,051-
    Net generation for Heskett (thousand kWh)-29,339----39,183-
    Net generation for Glen Ullin (thousand kWh)-38,008----37,611-
    Net generation for Cedar Hills (thousand kWh)-52,440----55,714-
    Net generation for Thunder Spirit (thousand kWh)-488,369----523,155-
    Net generation for Big Stone (thousand kWh)-353,842----352,231-
    Net generation for Lewis & Clark (thousand kWh)-20,889----3,276-
    Net generation for Glendive (thousand kWh)-2,727----3,805-
    Net generation for Miles City (thousand kWh)-312----440-
    Net generation for Diamond Willow (thousand kWh)-82,375----86,247-
    Net generation for Portable Units (2) (thousand kWh)-12----31-
    Net generation for Interconnected System total (thousand kWh)-1,718,352----1,658,744-
    Net generation for Wygen III (thousand kWh)-197,522----167,682-
    Net generation for total system (thousand kWh)-1,915,874----1,826,426-
    Maximum electric peak demand for the interconnected system (kW)-746,924----764,823-
    Maximum electric peak demand for the Sheridan System (kW)-69,688----69,991-
    Share of electricity delivered from renewable resources (percentage)-35----38-
    Carbon dioxide emission intensity reduction from 2005 (percentage reduction)-38----38-