MARKETS / NYSE / MDU

NYSE · MINING & QUARRYING OF NONMETALLIC MINERALS (NO FUELS) · LARGE CAP

MDU Resources Group Inc. MDU

19 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$1.9B

▲ 6.3% YoY

Net income

$190.4M

▼ 32.3% YoY

Free cash flow

$-297.0M

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

Compound annual growth

Revenue

+2.0%

−19.6%

−7.4%

−4.8%

Net income

−19.7%

−13.4%

−1.5%

EPS, diluted

−19.9%

−13.8%

−2.1%

Dividend / share

−14.9%

−8.3%

−3.0%

−1.1%

Returned to shareholders

−16.2%

−8.2%

−2.7%

−0.6%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at −19.6% a year over five years.

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 15.6% · Net 10.2%

ROE

FY2025 · ROE 7.0%

Gross margin—

Operating margin15.6%

Net margin10.2%

Return on assets2.6%

EBITDAUSD 497.1M

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

Net buybacks $M Dividends $M

FY2025 · Dividends 108.2 · Net buybacks -0.1

Dividends paidUSD 108.2M

Net buybacksUSD -79,000.00

Share of profit56.9%

Consecutive raises1 years

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

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Revenue $B	1.9	1.8	1.8	1.8	3.4	5.5	5.3	4.5	4.4	4.1	4.0	4.1	3.9	4.1	4.1	3.9	4.2	5.0	4.2
Operating income $B	0.3	0.3	0.2	0.2	0.3	0.5	0.5	0.4	0.4	0.4	0.3	0.3	0.3	0.0	0.4	0.4	−0.2	0.5	0.6
EBITDA $B	0.5	0.5	0.4	0.4	0.5	0.8	0.7	0.6	0.6	0.6	0.5	0.5	0.5	0.4	0.7	0.7	0.2	0.9	0.9
Income tax $B	0.0	0.0	0.0	0.0	0.0	0.1	0.1	0.0	0.1	0.1	0.1	0.1	0.1	−0.0	0.1	0.1	−0.1	0.1	0.2
Net income $B	0.2	0.3	0.4	0.4	0.4	0.4	0.3	0.3	0.3	−0.1	−0.7	0.3	0.3	−0.0	0.2	0.2	−0.1	0.3	0.4
Free cash flow $B	−0.3	−0.0	−0.2	0.1	0.0	0.2	−0.0	−0.1	0.1	0.1	0.1	0.2	0.2	−0.3	0.1	0.1	·	·	·
EPS, diluted $	0.93	1.37	2.03	1.81	1.87	1.95	1.69	1.39	1.43	−0.33	−3.20	1.55	1.47	−0.01	1.12	1.27	·	·	·
Dividend / sh $	0.54	0.51	0.69	0.88	0.85	0.83	0.81	0.80	0.78	0.76	0.73	0.71	0.69	0.68	0.66	0.64	0.62	0.60	0.56
Payout %	57	37	39	48	45	43	48	57	54	−219	−22	46	35	−21189	58	50	−93	37	23
ROE %	7.0	10.0	12.8	10.5	11.7	13.2	12.4	10.9	11.9	−2.9	−23.8	9.9	10.2	−0.0	7.8	9.1	−4.6	10.6	·

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

Compare

This company against its peers

MDU Resources Group Inc.vsVulcan Materials Co.Same industry: Mining & Quarrying of Nonmetallic Minerals (No Fuels)MDU Resources Group Inc.vsMartin Marietta Materials Inc.Same industry: Mining & Quarrying of Nonmetallic Minerals (No Fuels)MDU Resources Group Inc.vsChemical & Mining Co. of Chile Inc.Same industry: Mining & Quarrying of Nonmetallic Minerals (No Fuels)MDU Resources Group Inc.vsKnife River Corp.Same industry: Mining & Quarrying of Nonmetallic Minerals (No Fuels)MDU Resources Group Inc.vsHecla Mining Co.Same industry: Mining & Quarrying of Nonmetallic Minerals (No Fuels)MDU Resources Group Inc.vsCentrus Energy Corp.Same industry: Mining & Quarrying of Nonmetallic Minerals (No Fuels)MDU Resources Group Inc.vsUnited States Lime & Minerals Inc.Same industry: Mining & Quarrying of Nonmetallic Minerals (No Fuels)

Provenance

Company facts, as filed

How we verify · 0 failures in 71 reconciliationsAUDITED

Reconciled in 19 of 19 fiscal years. 5 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityMining & Quarrying of Nonmetallic Minerals (No Fuels)

Listed onNYSE

Incorporated innot stated in the filings

Fiscal year endsDecember 31

Data on record since2007