MDU Resources Group, Inc.
19.45-0.42 (-2.11%)
Oct 29, 4:00:02 PM EDT · NYSE · MDU · USD
Key Stats
Market Cap
3.97BP/E (TTM)
22.10Basic EPS (TTM)
0.88Dividend Yield
0.03%Recent Filings
8-K
Board adds pipeline and leadership experts
MDU Resources Group expanded its board to nine directors on August 12, 2025, electing Charles M. Kelley and Tammy J. Miller, both independent and assigned to the Audit Committee. Kelley's 40 years in natural gas, including leading $600 million in projects at ONEOK, bolsters oversight of WBI Energy's pipeline growth. Miller's CEO tenure scaling Border States to $2.5 billion in sales adds finance and policy savvy. New voices sharpen strategic edges. Forward-looking contributions hinge on market risks.
8-K
Q2 earnings drop; guidance narrowed
MDU Resources reported Q2 2025 net income of $13.7 million, down sharply from $60.4 million last year due to the Everus spinoff's discontinued operations and higher operation and maintenance costs from payroll and outages. Pipeline earnings held steady at $15.4 million on transportation revenue growth from expansions like Wahpeton, while electric sales surged 12% from data centers yet profits dipped to $10.4 million amid expenses; natural gas posted a wider seasonal loss of $7.4 million from warmer weather. The company narrowed 2025 EPS guidance to $0.88-$0.95, maintaining 6%-8% long-term growth amid regulatory filings for rate relief. Weather hits hard, but infrastructure investments persist.
8-K
MDU launches $400M stock program
MDU Resources Group entered a distribution agreement on August 7, 2025, to issue and sell up to $400 million in common stock through at-the-market offerings via Wells Fargo Securities and BofA Securities. The deal includes forward sale confirmations with Bank of America and Wells Fargo Bank, allowing deferred proceeds upon physical settlement while hedging via borrowed shares. No initial proceeds flow from forward sales. This flexible funding bolsters liquidity amid market volatility.
10-Q
Q2 FY2025 results
MDU Resources posted Q2 revenue of $351.2M, up 2.0% y/y but down 10.6% q/q (derived), with operating income slipping to $30.3M from $39.6M y/y amid higher operation and maintenance costs across segments. YTD, revenue climbed 10.0% y/y to $1.03B, driving income from continuing operations to $96.6M, flat y/y, while diluted EPS held at $0.47, reconciling to 205.1M weighted shares with no anti-dilution flagged. Natural gas distribution led gains via rate relief in Washington and Montana, yet warmer weather curbed volumes; electric faced outage expenses but data center loads buoyed sales. Cash swelled to $58.8M with FCF of $160.6M (derived), total debt at $2.18B, and $602.7M revolver availability sans covenant issues. Everus separation costs lingered at $0.5M YTD. Pipeline expansions added capacity, but regulatory haze over coal emissions looms large.
8-K
LTIP amendment approved
MDU Resources Group stockholders approved the amended Long-Term Performance-Based Incentive Plan at the May 13, 2025 annual meeting, adding non-employee directors as participants and capping LTI awards at $600,000 annually for directors and $8 million (or 500,000 shares) for employees. The plan enforces a one-year minimum vesting for full value awards, with up to 462,140 shares exempt. This strengthens alignment between executives, directors, and shareholders. Yet, clawback risks apply on restatements.
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