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NYSE · NATURAL GAS DISTRIBUTION · LARGE CAP

MDU Resources Group Inc. MDU

19 fiscal years on record · USD · FY2025 reported · SEC filings only
$1.9B
▲ 6.7% YoY
$190.4M
▼ 32.3% YoY
$-297.0M

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

MDU Resources Group, Inc. generates, transmits and distributes electricity and provides natural gas distribution, transportation and storage services. As of December 31, 2025, it had 2,096 employees. As of December 31, 2025, it was organized into three reportable business segments: electric, natural gas distribution and pipeline. WBI Energy owns and operates WBI Energy Transmission, a FERC-regulated pipeline consisting of over 3,800 miles of natural gas transmission and storage lines, which comprised approximately 94% of the pipeline segment's revenue in 2025. The Company was incorporated under the state laws of Delaware in 2018. Montana-Dakota was incorporated under the state laws of Delaware in 1924.

Written from the business description in MDU RESOURCES GROUP INC's annual report to the U.S. Securities and Exchange Commission, filed 20 February 2026. Every sentence was checked against that document before publication.

Growth

USD 1.9B
Revenue, FY2025 · full 19-year series below
Revenue $B Net income $B
FY2025 · Revenue 1.9 · Net income 0.2
2.00B4.00B-0.25B-0.50B
2007201020132016201920222025
Compound annual growth
+2.2%
−19.5%
−7.3%
−4.8%
−19.7%
−13.4%
−1.5%
−19.9%
−13.8%
−2.1%
−14.9%
−8.3%
−3.0%
−1.1%
−16.2%
−8.2%
−2.7%
−0.6%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −19.5% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

10 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 15.5% · Net 10.2%
10%20%-5%-10%-15%
200720162025
ROE
FY2025 · ROE 7.0%
5%10%-10%-20%
200720162025
Three returns, three denominators.

Each USD of equity produced 7 cents of profit this year.

Cash & shareholders

USD 108.2M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -297.0
100M200M-150M-300M
200720162025
Net buybacks $M Dividends $M
FY2025 · Dividends 108.2 · Net buybacks -0.1
100M200M-50M-100MDividendsNet buybacks
2007201020132016201920222025

USD 108.2M in dividends — 57% of the year's profit went back to shareholders.

Total assetsUSD 7.6B
EquityUSD 2.8B
CashUSD 28.2M
Gross debtUSD 2.7B
Net debtUSD 2.6B
Current ratio0.84×

Net debt stands at 96% of equity.

The 19-year record

19 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
MDU, 19-year financial record
Metric 2025202420232022202120202019201820172016201520142013201220112010200920082007
Revenue $B1.91.81.81.83.55.55.34.54.44.14.04.13.94.14.13.94.25.04.2
Operating income $B0.30.30.20.20.30.50.50.40.40.40.30.30.30.00.40.4−0.20.50.6
EBITDA $B0.50.50.40.40.50.80.70.60.60.60.50.50.50.40.70.70.20.90.9
Income tax $B0.00.00.00.00.00.10.10.00.10.10.10.10.1−0.00.10.1−0.10.10.2
Net income $B0.20.30.40.40.40.40.30.30.3−0.1−0.70.30.3−0.00.20.2−0.10.30.4
Free cash flow $B−0.3−0.0−0.20.10.00.2−0.0−0.10.10.10.10.20.2−0.30.10.1◌◌◌
EPS, diluted $0.931.372.031.811.871.951.691.391.43−0.33−3.201.551.47−0.011.121.27◌◌◌
Dividend / sh $0.540.510.690.880.850.830.810.800.780.760.730.710.690.680.660.640.620.600.56
Payout %573739484543485754−219−224635−211895850−933723
ROE %7.010.012.810.511.713.212.410.911.9−2.9−23.89.910.2−0.07.89.1−4.610.6◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

Compare

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Provenance

Company facts, as filed

How we verify · 0 failures in 71 reconciliationsAUDITED

Reconciled in 19 of the 19 fiscal years we could check. Three checks were skipped: EPS is not tagged before 2010. Two checks were skipped: the balance sheet is not tagged before 2008.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityNatural Gas Distribution
Listed onNYSE
Incorporated innot stated in the filings
Fiscal year endsDecember 31
Data on record since2007

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