# MDU Resources Group Inc: overview

MDU · NYSE · CIK 67716 · [Utilities](/sectors/utilities.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/mdu.md) · [Financials](/companies/mdu/financials.md) · [Filings](/companies/mdu/filings.md) · [Insiders](/companies/mdu/insiders.md)

Latest reported revenue: [$372.9m](/filings/0000067716-26-000072.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 6, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0000067716-26-000072).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [291](/filings/0000067716-25-000090.md) | [531 d](/filings/0000067716-26-000014.md) | [678](/filings/0000067716-26-000050.md) | [349](/filings/0000067716-26-000072.md) | [314](/filings/0000067716-25-000090.md) | [523 d](/filings/0000067716-26-000014.md) | [599](/filings/0000067716-26-000050.md) | [373](/filings/0000067716-26-000072.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [12.0%](/filings/0000067716-25-000090.md) | [17.8% d](/filings/0000067716-26-000014.md) | [16.6%](/filings/0000067716-26-000050.md) | [8.7%](/filings/0000067716-26-000072.md) | [12.7%](/filings/0000067716-25-000090.md) | [20.5% d](/filings/0000067716-26-000014.md) | [19.3%](/filings/0000067716-26-000050.md) | [12.9%](/filings/0000067716-26-000072.md) |
| Net margin | % | [22.2%](/filings/0000067716-25-000090.md) | [10.4% d](/filings/0000067716-26-000014.md) | [12.1%](/filings/0000067716-26-000072.md) | [4.0%](/filings/0000067716-26-000072.md) | [5.8%](/filings/0000067716-25-000090.md) | [14.6% d](/filings/0000067716-26-000014.md) | [13.5%](/filings/0000067716-26-000072.md) | [5.7%](/filings/0000067716-26-000072.md) |
| Diluted EPS | $ per share | [0.32](/filings/0000067716-25-000090.md) | not reported | [0.40](/filings/0000067716-26-000050.md) | [0.07](/filings/0000067716-26-000072.md) | [0.09](/filings/0000067716-25-000090.md) | not reported | [0.39](/filings/0000067716-26-000050.md) | [0.10](/filings/0000067716-26-000072.md) |
| Free cash flow | $m | [0.7 d](/filings/0000067716-25-000090.md) | [(95.8) d](/filings/0000067716-26-000014.md) | [124](/filings/0000067716-26-000050.md) | [36.5 d](/filings/0000067716-26-000072.md) | [(122) d](/filings/0000067716-25-000090.md) | [(336) d](/filings/0000067716-26-000014.md) | [56.8](/filings/0000067716-26-000050.md) | [15.0 d](/filings/0000067716-26-000072.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquireProductiveAssets. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [3,402](/filings/0000067716-24-000017.md) | [1,754](/filings/0000067716-25-000016.md) | [1,806](/filings/0000067716-26-000014.md) | [1,753](/filings/0000067716-26-000014.md) | [1,863](/filings/0000067716-26-000014.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [9.7%](/filings/0000067716-24-000017.md) | [11.5%](/filings/0000067716-25-000016.md) | [12.5%](/filings/0000067716-26-000014.md) | [15.2%](/filings/0000067716-26-000014.md) | [15.6%](/filings/0000067716-26-000014.md) |
| Net margin | % | [11.1%](/filings/0000067716-24-000017.md) | [20.9%](/filings/0000067716-25-000016.md) | [23.0%](/filings/0000067716-26-000014.md) | [16.0%](/filings/0000067716-26-000014.md) | [10.2%](/filings/0000067716-26-000014.md) |
| Diluted EPS | $ per share | [1.87](/filings/0000067716-24-000017.md) | [1.81](/filings/0000067716-25-000016.md) | [2.03](/filings/0000067716-26-000014.md) | [1.37](/filings/0000067716-26-000014.md) | [0.93](/filings/0000067716-26-000014.md) |
| Free cash flow | $m | [10.6](/filings/0000067716-24-000017.md) | [67.5](/filings/0000067716-25-000016.md) | [(152)](/filings/0000067716-26-000014.md) | [(20.5)](/filings/0000067716-26-000014.md) | [(297)](/filings/0000067716-26-000014.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquireProductiveAssets.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/mdu/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $580.1m | 27,351,603 |  | Added +1,639,555 |
| [BARROW HANLEY MEWHINNEY & STRAUSS LLC](/funds/313028.md) | 2026-06-30 | $276.9m | 13,056,724 |  | Reduced −703,443 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $269.2m | 12,692,333 |  | Added +165,359 |
| [DIMENSIONAL FUND ADVISORS LP](/funds/354204.md) | 2026-06-30 | $221.3m | 10,435,060 |  | Added +149,313 |
| [EARNEST PARTNERS LLC](/funds/1102578.md) | 2026-06-30 | $206.3m | 9,726,856 |  | Reduced −155,024 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $199.7m | 9,416,562 |  | Added +268,676 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $157.4m | 7,376,161 |  | Added +385,887 |
| [BANK OF AMERICA CORP /DE/](/funds/70858.md) | 2026-06-30 | $129.2m | 6,089,546 |  | Reduced −112,914 |
| [SEI INVESTMENTS CO](/funds/350894.md) | 2026-06-30 | $110.9m | 5,228,758 |  | Reduced −32,668 |
| [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $86.7m | 4,086,803 |  | Reduced −134,722 |

## Recent filings

[All 1,151 filings](/companies/mdu/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-08-06 | 20:20 ET | [10-Q](/filings/0000067716-26-000072.md) | Quarterly report, period 2026-06-30 | 0000067716-26-000072 |
| 2026-08-06 | 12:35 ET | [8-K](/filings/0000067716-26-000064.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0000067716-26-000064 |
| 2026-05-13 | 20:04 ET | [8-K](/filings/0000067716-26-000054.md) | 5.02 Departure or appointment of officers or directors; 5.05 Item not in the standard list; 5.07 Shareholder vote results; 9.01 Financial statements and exhibits | 0000067716-26-000054 |
| 2026-05-07 | 21:12 ET | [10-Q](/filings/0000067716-26-000050.md) | Quarterly report, period 2026-03-31 | 0000067716-26-000050 |
| 2026-05-07 | 12:33 ET | [8-K](/filings/0000067716-26-000045.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0000067716-26-000045 |
| 2026-04-01 | 12:22 ET | [DEF 14A](/filings/0000067716-26-000040.md) | Proxy statement, period 2026-05-11 | 0000067716-26-000040 |
| 2026-02-20 | 13:32 ET | [10-K](/filings/0000067716-26-000014.md) | Annual report, period 2025-12-31 | 0000067716-26-000014 |
| 2026-02-05 | 13:32 ET | [8-K](/filings/0000067716-26-000008.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0000067716-26-000008 |
| 2026-01-16 | 21:53 ET | [8-K](/filings/0000067716-26-000005.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0000067716-26-000005 |
| 2025-12-29 | 21:40 ET | [8-K](/filings/0001539497-25-003350.md) | 1.01 Entry into a material agreement; 8.01 Other events; 9.01 Financial statements and exhibits | 0001539497-25-003350 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0000067716-26-000014.md), filed Feb 20, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/002e46e4-91cb-474a-b8b2-07222999d451)

## About the filer

- CIK: 67716
- Tickers: MDU
- Exchange: NYSE
- SIC code: 4924 Natural Gas Distribution
- State of incorporation: not reported
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:19 ET. No prices; not investment advice.