MDU Resources Group (MDU) Stock Overview
Engages in the regulated energy delivery businesses in the United States. More details
| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 1/6 |
| Past Performance | 3/6 |
| Financial Health | 0/6 |
| Dividends | 2/6 |
MDU Community Fair Values
Create NarrativeSee what 6 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
MDU Resources Group, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$22.47 |
| 52 Week High | US$22.83 |
| 52 Week Low | US$15.76 |
| Beta | 0.40 |
| 1 Month Change | 4.08% |
| 3 Month Change | 10.47% |
| 1 Year Change | 28.40% |
| 3 Year Change | -23.05% |
| 5 Year Change | -34.26% |
| Change since IPO | 1,423.07% |
Recent News & Updates
Narrative Update • Apr 28
MDU: EPS Guidance And Neutral Street Stance Will Shape Future P/E
Analysts have made a small adjustment to the MDU Resources Group price target. The updated view reflects modestly higher revenue growth and profit margin assumptions, along with a slightly lower future P/E, following recent mixed target changes and a neutral initiation on the stock.
Narrative Update • Apr 14
MDU: Evolving Price Views And 2026 EPS Outlook Will Shape Risk Balance
MDU Resources' analyst price target has been nudged higher by about $0.17 to roughly $22.17 as analysts factor in recent updates to their fair value estimate and slightly adjusted assumptions for growth, margins, and future P/E multiples. Analyst Commentary Recent Street research on MDU Resources Group reflects a mix of optimism and caution, with price targets adjusted both higher and lower over the past few months.Recent updates
Narrative Update • Apr 28
MDU: EPS Guidance And Neutral Street Stance Will Shape Future P/E
Analysts have made a small adjustment to the MDU Resources Group price target. The updated view reflects modestly higher revenue growth and profit margin assumptions, along with a slightly lower future P/E, following recent mixed target changes and a neutral initiation on the stock.Narrative Update • Apr 14
MDU: Evolving Price Views And 2026 EPS Outlook Will Shape Risk Balance
MDU Resources' analyst price target has been nudged higher by about $0.17 to roughly $22.17 as analysts factor in recent updates to their fair value estimate and slightly adjusted assumptions for growth, margins, and future P/E multiples. Analyst Commentary Recent Street research on MDU Resources Group reflects a mix of optimism and caution, with price targets adjusted both higher and lower over the past few months.Narrative Update • Mar 31
MDU: Tighter Price Views And 2026 EPS Guidance Will Shape Risk Balance
Analysts have adjusted their price targets on MDU Resources Group in a narrow range, with a $1 cut from one firm and a $4 increase from another. These changes reflect updated views on fair value and earnings multiples, while keeping core assumptions such as discount rate, revenue growth, profit margin and future P/E essentially unchanged.Narrative Update • Mar 16
MDU: Mixed Research Views And 2026 Guidance Will Shape Risk Reward Balance
Analysts have adjusted the MDU Resources Group price target to $22.00, a change of $1.20. This reflects updated views on fair value, discount rate, revenue growth, profit margin, and future P/E following recent research that includes both a $1 cut at BofA and a $4 increase at Citi.Narrative Update • Mar 02
MDU: Equity Raise And EPS Guidance Will Shape Future P E Expectations
Analysts have fine tuned their view on MDU Resources Group, with the consensus price target moving slightly as firms adjusted their outlook in response to changes such as Citi's recent $4 increase and BofA's $1 reduction, reflecting updated assumptions on revenue growth, profit margins and future P/E levels. Analyst Commentary Recent research updates around MDU Resources Group highlight a mixed but increasingly cautious tone, as price targets are adjusted to reflect updated views on revenue, margins and acceptable P/E levels.Narrative Update • Feb 16
MDU: Equity Raise And EPS Guidance Will Shape Balanced P E Expectations
Narrative Update on MDU Resources Group The analyst price target for MDU Resources Group has shifted by a few dollars as analysts reassessed their models using updated views on revenue growth, profit margins and future P/E expectations cited in recent research from firms including BofA and Citi, which moved their targets by $1 and $4 respectively. Analyst Commentary Recent Street research on MDU Resources Group reflects a mixed setup, with some bearish analysts trimming expectations while others see room for improved valuation.Analysis Article • Feb 08
Analysts Have Made A Financial Statement On MDU Resources Group, Inc.'s (NYSE:MDU) Yearly Report
The yearly results for MDU Resources Group, Inc. ( NYSE:MDU ) were released last week, making it a good time to revisit...Seeking Alpha • Feb 08
Near-Term Outlook For MDU Resources Is Good, Not Great
Summary MDU Resources reported modest FY 2025 EPS growth but missed revenue expectations, prompting a post-earnings stock decline. MDU trades at an average sector valuation, with recent price appreciation eroding its value proposition; I rate the stock a Hold. Significant capex plans ($3.1B through 2030) and renewable investments are funded partly by shareholder dilution, with further issuances possible. Dividend yield (2.75%) and sector-relative growth are unremarkable, limiting appeal for income- or growth-focused investors. Read the full article on Seeking AlphaNarrative Update • Feb 02
MDU: Updated Equity Raise And EPS Guidance Will Shape Balanced Outlook
Analysts have raised their price target on MDU Resources Group by $4 to reflect modestly higher assumptions for revenue growth, profit margin and future P/E, while keeping their fair value estimate essentially unchanged at $20.00. Analyst Commentary While the higher price target reflects updated assumptions, bearish analysts are still flagging areas where they see risk around MDU Resources Group’s current valuation and execution path.Narrative Update • Jan 19
MDU: Future Capex Plans And Funding Costs Set Up Balanced Outlook
Analysts have lifted their fair value estimate for MDU Resources Group from $18.00 to $20.00 per share, citing updated assumptions around revenue growth, funding costs and sector capex trends reflected in recent Street research. Analyst Commentary Street research on MDU Resources Group has recently highlighted a more constructive stance on the shares, with higher price targets framed around updated expectations for capital spending and funding costs across the utilities group.
Narrative Update • Jan 05
MDU: Transmission Expansion And Capital Cycle Will Drive Upside Potential
Analysts have modestly trimmed their fair value estimate for MDU Resources Group from $24.00 to $23.00, citing a higher discount rate, partly offset by stronger expected revenue growth, expanding profit margins, and a lower future P E multiple that still supports incremental upside versus recent Street price target increases to about $22.00. Analyst Commentary Recent Street research reflects a generally constructive stance on MDU Resources Group, with bullish analysts highlighting improving sector fundamentals and company specific execution.Narrative Update • Dec 18
MDU: Pipeline Expansion And Equity Offering Will Shape Future Risk Reward Balance
Analysts nudged their price target on MDU Resources Group modestly higher, lifting fair value from $20.50 to $20.80 as they factor in a slightly richer future earnings multiple supported by an improving utilities capex backdrop and increasingly visible pipeline upside. Analyst Commentary Analysts remain broadly constructive on MDU Resources Group, highlighting an improving growth and return profile supported by pipeline expansion and a more favorable utilities capex cycle, but views diverge on how much of this upside is already reflected in the current valuation.Narrative Update • Dec 04
MDU: Pipeline Projects And Equity Raise Will Shape Future Utility Profile
Analysts nudged their price target on MDU Resources slightly higher to $22 from $20, reflecting modestly lower perceived cost of capital and steady expectations for mid single digit earnings growth, supported by visible pipeline upside and a favorable utilities capex backdrop. Analyst Commentary Recent Street research presents a generally constructive but balanced view on MDU Resources, with bullish analysts highlighting re-rated upside tied to capital deployment and pipeline projects, while more cautious voices point to relative value constraints versus higher growth peers in the utilities space.Narrative Update • Nov 20
MDU: Future Pipeline Projects And Capital Spending Will Shape Utility Outlook
Analysts have raised their price target for MDU Resources Group by $2 to $22. They cite a positive industry outlook, as well as expectations for increased capital expenditures and improved cost of capital in the utility sector.Narrative Update • Nov 06
MDU: Capital Expenditure And Pipeline Projects Will Support Balanced Long-Term Outlook
The analyst price target for MDU Resources Group has increased by $2 to $22. Analysts cite a positive utilities sector outlook and anticipated capital expenditure growth as key factors supporting the updated valuation.Narrative Update • Oct 23
Analyst Commentary Highlights Upgraded Targets and Mixed Outlook for MDU Resources Group
The analyst price target for MDU Resources Group increased from $20.00 to $22.00. This reflects growing optimism amid positive sector updates as well as expectations for stronger capital spending and reduced capital costs.Narrative Update • Sep 20
US Infrastructure And Pipeline Expansion Will Shape Future Energy
Analysts have raised MDU Resources Group’s price target to $20.00, citing improving visibility of pipeline project upside, attractive core business valuation, and differentiated 6–8% expected earnings growth. Analyst Commentary Bullish analysts cite compelling value in MDU’s core business at current share levels.Analysis Article • Aug 18
MDU Resources Group (NYSE:MDU) Is Increasing Its Dividend To $0.14
MDU Resources Group, Inc. ( NYSE:MDU ) will increase its dividend from last year's comparable payment on the 1st of...Analysis Article • Jul 12
MDU Resources Group, Inc.'s (NYSE:MDU) Share Price Could Signal Some Risk
It's not a stretch to say that MDU Resources Group, Inc.'s ( NYSE:MDU ) price-to-earnings (or "P/E") ratio of 17.9x...Analysis Article • Jun 24
These 4 Measures Indicate That MDU Resources Group (NYSE:MDU) Is Using Debt Extensively
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • May 18
MDU Resources Group (NYSE:MDU) Is Paying Out A Dividend Of $0.13
MDU Resources Group, Inc. ( NYSE:MDU ) will pay a dividend of $0.13 on the 1st of July. Including this payment, the...Seeking Alpha • Apr 13
MDU Resources: Powerful Tailwinds, And The Market Knows It
Summary MDU Resources, a regulated utility, serves sparsely populated regions but offers a 3.15% yield, higher than the S&P 500 and U.S. Utilities Index. Despite a lower yield compared to peers, MDU Resources has historically outperformed in total return, partly due to its past construction business. The recent spin-off of construction businesses makes MDU Resources a pure-play utility, potentially enhancing stability in the face of an economic downturn. The company has positive demographics in its service territory and has begun to benefit from data center deployment. MDU Resources' growth is bolstered by investments in infrastructure and operations in rapidly growing states, projecting a 9%-11% total return over the next five years. Read the full article on Seeking AlphaAnalysis Article • Apr 03
MDU Resources Group, Inc.'s (NYSE:MDU) Shares May Have Run Too Fast Too Soon
It's not a stretch to say that MDU Resources Group, Inc.'s ( NYSE:MDU ) price-to-earnings (or "P/E") ratio of 19.2x...Analysis Article • Mar 15
Here's Why MDU Resources Group (NYSE:MDU) Has A Meaningful Debt Burden
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...Analysis Article • Feb 17
MDU Resources Group (NYSE:MDU) Is Due To Pay A Dividend Of $0.13
MDU Resources Group, Inc. ( NYSE:MDU ) has announced that it will pay a dividend of $0.13 per share on the 1st of...Seeking Alpha • Jan 28
MDU Resources: Power-Packed Opportunity For Income And Growth Investors
Summary MDU Resources, now a pure-play regulated energy delivery business, has shown strong financial performance post-spin-offs. MDU benefits from strategic rate adjustments, infrastructure investments, and expanding data center agreements, positioning it for continued growth. MDU’s solid balance sheet, investment-grade credit rating, and potential 4% dividend yield, combined with 6-8% annual EPS growth guidance, offer a balanced mix of income and growth. Read the full article on Seeking AlphaAnalysis Article • Nov 02
Earnings Working Against MDU Resources Group, Inc.'s (NYSE:MDU) Share Price Following 44% Dive
MDU Resources Group, Inc. ( NYSE:MDU ) shareholders that were waiting for something to happen have been dealt a blow...Seeking Alpha • Oct 19
MDU Resources: A Hidden Gem Powering Strong Returns And Growth
Summary MDU Resources offers strong potential with its diversified utility, pipeline, and construction services, providing steady revenue and growth opportunities. The company's focus on core utilities going forward enhances its financial stability and growth prospects, along with promising pipeline expansions. MDU's pipeline segment has shown significant earnings growth, supported by strategic expansions and increasing storage revenue. The planned tax-free spinoff of Everus, with a record project backlog, and the Wahpeton Expansion project, further bolster MDU's investment appeal. Read the full article on Seeking Alpha
New Narrative • Sep 24
Everus Spin-Off And Utility Challenges Signal Dark Clouds Over Future Growth And Profitability
The tax-free spin-off of the Construction Services business and revised revenue guidance for Everus introduce market uncertainty and project execution risks.Analysis Article • Sep 19
MDU Resources Group, Inc.'s (NYSE:MDU) Intrinsic Value Is Potentially 36% Above Its Share Price
Key Insights MDU Resources Group's estimated fair value is US$35.47 based on 2 Stage Free Cash Flow to Equity Current...Analysis Article • Sep 04
MDU Resources Group's (NYSE:MDU) Upcoming Dividend Will Be Larger Than Last Year's
MDU Resources Group, Inc.'s ( NYSE:MDU ) dividend will be increasing from last year's payment of the same period to...Analysis Article • Aug 19
MDU Resources Group (NYSE:MDU) Has Announced That It Will Be Increasing Its Dividend To $0.13
MDU Resources Group, Inc.'s ( NYSE:MDU ) dividend will be increasing from last year's payment of the same period to...Shareholder Returns
| MDU | US Gas Utilities | US Market | |
|---|---|---|---|
| 7D | -0.3% | -3.5% | 2.1% |
| 1Y | 28.4% | 9.3% | 30.6% |
Return vs Industry: MDU exceeded the US Gas Utilities industry which returned 9.7% over the past year.
Return vs Market: MDU underperformed the US Market which returned 31% over the past year.
Price Volatility
| MDU volatility | |
|---|---|
| MDU Average Weekly Movement | 2.9% |
| Gas Utilities Industry Average Movement | 2.9% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.1% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: MDU has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: MDU's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1924 | 2,096 | Nicole Kivisto | www.mdu.com |
MDU Resources Group, Inc. engages in the regulated energy delivery businesses in the United States. The company operates through three segments: Electric, Natural Gas Distribution, and Pipeline. It generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming through approximately 3,400 miles of transmission and 4,900 miles of distribution lines, as well as 86 transmission and 299 distribution substations.
MDU Resources Group, Inc. Fundamentals Summary
| MDU fundamental statistics | |
|---|---|
| Market cap | US$4.57b |
| Earnings (TTM) | US$189.81m |
| Revenue (TTM) | US$1.81b |
24.2x
P/E Ratio2.5x
P/S RatioIs MDU overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MDU income statement (TTM) | |
|---|---|
| Revenue | US$1.81b |
| Cost of Revenue | US$1.19b |
| Gross Profit | US$615.28m |
| Other Expenses | US$425.48m |
| Earnings | US$189.81m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.93 |
| Gross Margin | 34.06% |
| Net Profit Margin | 10.51% |
| Debt/Equity Ratio | 96.5% |
How did MDU perform over the long term?
See historical performance and comparisonDividends
2.5%
Current Dividend Yield44%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/07 13:35 |
| End of Day Share Price | 2026/05/07 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
MDU Resources Group, Inc. is covered by 16 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Gary Hovis | Argus Research Company |
| David Parker | Baird |
| Richard Gross | Barclays |