Stocks · Utilities · Regulated Gas

MDU Resources Group, Inc. MDU

$18.61 +0.76% Close, Oct 2, 2026 · NYSE · Market cap $3.89B

Next earnings report: Nov 5, 2026

Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.

Three things to know

  1. Net debt is 5.2× EBITDA, a high level of leverage.
  2. The stock is in a downtrend: below its 200-day average, with the 50-day average below the 200-day.
  3. The shares trade at 19.6× trailing earnings, higher than 81% of the company's own readings over the past five years.

PromtFinance scores

Each score is a percentile within the Utilities sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.

Growth13Very weak

How fast revenue, earnings and cash flow are growing.

  • Revenue growth (TTM, YoY)Bottom 10%
  • EPS growth (TTM, YoY)Bottom 21%
  • FCF growth (TTM, YoY)Bottom 17%
  • Revenue growth, 3-year CAGRBottom 42%
  • Revenue growth accelerationTop 30%
Quality69Positive

Returns on capital, margins, earnings quality and balance-sheet strength.

  • Return on invested capitalBottom 43%
  • Gross marginBottom 39%
  • Operating marginBottom 25%
  • Cash conversion (OCF / net income)Top 17%
  • Accruals (lower is better)Top 19%
  • Net debt / EBITDA (lower is better)Top 43%
  • Interest coverTop 33%
Value27Very weak

How cheap the shares are relative to earnings, cash flow and their own history.

  • Earnings yieldBottom 45%
  • Free-cash-flow yieldBottom 32%
  • EBITDA / enterprise valueBottom 37%
  • Sales / enterprise valueTop 33%
  • P/E vs own 5-year history (lower is better)Bottom 6%
Momentum64Neutral

Strength and persistence of the price trend, including versus the S&P 500.

  • 12-month return excluding last monthTop 11%
  • 6-month returnBottom 40%
  • 1-year return vs S&P 500Top 16%
  • Distance from 52-week highBottom 40%
  • Trend checklist (0–4)Bottom 32%
Revisions58Neutral

Earnings surprises and analyst sentiment (estimate-revision history is being collected).

  • Average EPS surprise, last 4 quartersTop 39%
  • Consecutive EPS beatsBottom 39%
  • Share of analysts rating BuyBottom 43%
  • Upside to consensus price targetTop 24%
Stability32Weak

Low volatility, shallow drawdowns, low market sensitivity and modest leverage.

  • Volatility, 60 days (lower is better)Bottom 48%
  • Maximum drawdown, 3 yearsBottom 50%
  • Beta vs S&P 500 (lower is better)Bottom 18%
  • Net debt / EBITDA (lower is better)Top 43%

What changed

Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).

MeasureBeforeNow
Revenue growth (YoY)-2.1%-1.1%↑
EPS growth (YoY)-28.3%-9.3%↑
Gross margin31.7%42.4%↑
Operating margin14.7%17.0%↑
FCF margin3.6%-19.2%↓

Fundamental momentum

MeasureNow (TTM)Year / quarter beforeSector rank
Revenue growth (TTM, YoY)-1.1%-2.1%↑Bottom 10%
EPS growth (TTM, YoY)-9.3%-28.3%↑Bottom 21%
Gross margin42.4%31.7%↑Bottom 39%
Operating margin17.0%14.7%↑Bottom 25%
Net margin10.8%11.6%↓—
Free-cash-flow margin-19.2%3.6%↓—
Return on invested capital3.9%—Bottom 43%
Revenue growth, 3-year CAGR2.4%—Bottom 42%

Quality of earnings and balance sheet

Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
2.81×
Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
-4.6%
Stock-based compensation / revenueA cost to shareholders through dilution.
0.3%
Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
-2.1 pp
Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
5.16×
Interest cover (operating income / interest)How many times operating profit covers interest.
2.6×

Shareholder returns

Dividend yield (dividends paid, TTM)
3.63%
Net buyback yield (TTM)
-4.93%
Shareholder yield
-1.31%
Share count change, 1 year
+3.2%
Share count change, 3-year CAGR
+1.3%

Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.

Based on the four quarters through Jun 30, 2026 (filed Aug 6, 2026).

Earnings and expectations

Earnings momentum

Consecutive EPS beats
1
Beats in the last 8 reports
5 of 8
Average EPS surprise, last 4
+5.8%
Average 2-day reaction, last 8
-0.6%
Positive 20 days after report
2 of 8

Analysts

Consensus price target
$25.00
Target vs current price
+34.3%
Analysts with a rating
19
Share rating Buy or Strong Buy
42%
Consensus rating
Hold

How the stock reacted to recent reports

Report dateEPS surprise2 days5 days20 days60 days
Aug 6, 2026+1.9%+3.7%+2.5%-1.0%—
May 7, 2026-7.1%+0.7%+1.4%-5.2%-9.9%
Feb 5, 2026+0.0%-4.1%-2.4%+1.1%+7.5%
Nov 6, 2025+28.6%+4.7%+7.6%-1.2%+6.2%
Aug 7, 2025-46.2%-6.7%-3.4%-7.1%+11.1%
May 8, 2025+11.1%-0.6%-4.5%-4.7%-0.4%
Feb 6, 2025+9.7%-5.9%-6.4%-8.1%-2.6%
Nov 7, 2024+23.1%+3.3%+7.7%+14.9%+6.1%

Returns from the close before each report. Past reactions do not determine future ones.

Earnings history

Report dateEPSEstimateSurpriseRevenue
Aug 6, 2026$0.09$0.09+1.9%$375.2M
May 7, 2026$0.39$0.42-7.1%$606.0M
Feb 5, 2026$0.37$0.37+0.0%$534.0M
Nov 6, 2025$0.09$0.07+28.6%$315.1M
Aug 7, 2025$0.07$0.13-46.2%$351.2M
May 8, 2025$0.40$0.36+11.1%$674.8M
Feb 6, 2025$0.34$0.31+9.7%$535.5M
Nov 7, 2024$0.32$0.26+23.1%$1.05B

Valuation in context

MultipleNow5-year median5-year percentileSector rank (cheapness)
P/E (trailing)19.6×6.7×81thBottom 45%
P/E (forward)19.0×———
EV / EBITDA13.1×——Bottom 37%
EV / Sales3.51×——Top 33%
Free-cash-flow yield-9.02%——Bottom 32%
Earnings yield5.10%——Bottom 45%

P/E over the past five years

Range 5.4× – 25.8× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.

What moved the stock over the past year

Price return, 1 year
+5.9%
Earnings per share growth (TTM)
-9.3%
Change in P/E multiple
+40.2%

Most of the move came from a change in the valuation multiple.

Technical state

Trend checklist

  • ✗ Price above 20-day average
  • ✗ Price above 50-day average
  • ✗ Price above 200-day average
  • ✗ 50-day average above 200-day
  • ✓ MACD histogram positive

Trend quality

Days above the 50-day average
0
Days above the 200-day average
0
50-day average slope (20 days)
-4.4%
200-day average slope (20 days)
-0.7%
Distance from 50-day average
-5.5%
Distance from 200-day average
-9.9%
RSI (14)
38.8
Relative volume
0.69×

Risk and drawdowns

Volatility, 60 days (annualized)
17.6%
Volatility vs own 5-year history
6th percentile · Low for this stock
Beta vs S&P 500 (2 years, weekly)
0.50
Correlation with S&P 500
0.28
Current drawdown from 1-year high
-18.4%
Maximum drawdown, 3 years
-22.6%

Largest declines in the past six years

From peakTo lowDeclineLengthRecovery
May 7, 2021May 10, 2022-27.4%254 days472 days (Mar 27, 2024)
Nov 26, 2024Apr 8, 2025-22.6%89 days147 days (Nov 6, 2025)
May 11, 2026Sep 23, 2026-19.3%93 daysNot yet recovered
Jul 26, 2024Aug 12, 2024-11.4%11 days23 days (Sep 13, 2024)
Nov 11, 2025Dec 18, 2025-10.1%26 days53 days (Mar 9, 2026)

Declines of 10% or more from a closing high, measured on daily closes.

Financial statements

Market cap
$3.89B
P/E (TTM)
19.6
EPS, diluted (TTM)
$0.95
Revenue (TTM)
$1.83B
Dividend yield
3.04%
52-week range
$17.43 – $22.98
FY 2021FY 2022FY 2023FY 2024FY 2025
Revenue$3.45B$1.75B$1.80B$1.76B$1.88B
Gross profit$687.3M$490.1M$518.5M$571.9M$404.9M
Operating income$331.1M$200.9M$224.9M$265.6M$290.4M
Net income$378.1M$367.5M$414.7M$281.1M$190.4M
EPS (diluted)$1.87$1.81$2.03$1.37$0.93
Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026
Revenue$289.7M$535.5M$674.8M$351.2M$315.1M$534.0M$606.0M$375.2M
Net income$64.6M$55.2M$82.0M$13.8M$18.4M$76.3M$80.8M$21.3M
EPS (diluted)$0.32$0.26$0.40$0.07$0.09$0.37$0.39$0.10
FY 2021FY 2022FY 2023FY 2024FY 2025
Operating cash flow$495.8M$510.1M$332.6M$502.3M$473.4M
Capital expenditure-$485.2M-$442.6M-$519.7M-$522.8M-$792.0M
Free cash flow$10.6M$67.5M-$187.1M-$20.5M-$318.6M
Dividends paid-$171.4M-$176.9M-$161.3M-$102.9M-$108.2M
Net share buybacks$82.1M-$7.4M-$4.8M-$50,000-$79,000

Cash outflows are shown as negative numbers.

Cash and short-term investments
$46.3M
Total assets
$7.71B
Total liabilities
$4.79B
Total debt
$2.58B
Net debt
$2.53B
Shareholders’ equity
$2.93B

As of Jun 30, 2026 (filed Aug 6, 2026).

Dividends

Ex-dateAmountPaid
Sep 10, 2026$0.15Oct 1, 2026
Jun 11, 2026$0.14Jul 1, 2026
Mar 12, 2026$0.14Apr 1, 2026
Dec 11, 2025$0.14Jan 1, 2026
Sep 11, 2025$0.14Oct 1, 2025
Jun 12, 2025$0.13Jul 1, 2025
Mar 13, 2025$0.13Apr 1, 2025
Dec 12, 2024$0.13Jan 1, 2025

Short interest

Shares sold short
17,086,955
Days to cover
9.21
Change vs previous report
+6.7%

FINRA short interest, settlement date Sep 15, 2026.

Stock splits

Nov 1, 2024
361-for-200
Jun 1, 2023
1,457-for-1,000
Jul 27, 2006
3-for-2
Oct 30, 2003
3-for-2
Jul 14, 1998
3-for-2