MDUNYSENatural Gas DistributionFiscal year ends December 31
MDU RESOURCES GROUP INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$18.90−0.10 (-0.53%)
Close on Oct 19, 2026
- Market cap
- $4.00B
- P/E (TTM)
- 19.9
- Dividend yield
- 2.86%
MDU RESOURCES GROUP INC revenue by segment
By business segment
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Natural gas distribution | $1.28B | $1.20B | $1.29B | $1.27B | $971.64M | $847.65M | $865.22M | $823.25M | – | – | 68.4% | +6.8% |
| Electric | $437.78M | $414.41M | $401.04M | $377.02M | $349.41M | $331.54M | $351.73M | $335.12M | – | – | 23.3% | +5.6% |
| Pipeline | $154.16M | $142.60M | $115.08M | $96.70M | $83.07M | $85.35M | $84.19M | $78.02M | – | – | 8.2% | +8.1% |
| Other | $0 | $0 | $0 | $0 | $84.00K | -$55.00K | $90.00K | $207.00K | – | – | 0.0% | – |
| Construction services | – | – | $2.85B | $2.69B | $2.05B | $2.09B | $1.85B | $1.37B | – | – | – | – |
| Construction materials and contracting | – | – | – | $2.53B | $2.23B | $2.18B | $2.19B | $1.93B | – | – | – | – |
| Operating income | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Natural gas distribution | – | – | $92.18M | $91.89M | $89.17M | $73.08M | $69.19M | $72.34M | $84.24M | $66.17M | – |
| Electric | – | – | $92.79M | $79.66M | $66.34M | $63.43M | $64.04M | $65.15M | $79.90M | $67.93M | – |
| Pipeline | – | – | $69.16M | $55.47M | $48.08M | $49.44M | $42.80M | $36.13M | $36.00M | $42.86M | – |
| Other | – | – | -$18.70M | -$21.66M | -$18.29M | -$3.17M | -$1.18M | -$79.00K | -$619.00K | -$349.00K | – |
| Construction services | – | – | $190.54M | $164.64M | $145.75M | $147.64M | $126.43M | $86.76M | $81.29M | $53.55M | – |
| Construction materials and contracting | – | – | – | $194.30M | $191.08M | $214.50M | $179.96M | $141.43M | $143.23M | $178.75M | – |
By product or service
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Natural gas transportation | $258.52M | $235.27M | $197.76M | $178.18M | $162.41M | $157.23M | $147.11M | $132.40M | – | – | 13.8% | +9.9% |
| Other | $151.96M | $113.33M | $83.64M | $70.76M | $72.30M | $68.87M | $82.67M | $76.80M | – | – | 8.1% | +34.1% |
| Natural gas storage | $23.27M | $23.69M | $18.25M | $14.58M | $14.68M | $14.92M | $11.71M | $11.54M | – | – | 1.2% | -1.8% |
| Regulated operations [Member] | – | – | – | – | – | – | – | – | $1.24B | $1.14B | – | – |
| Nonregulated operations [Member] | – | – | – | – | – | – | – | – | $3.20B | $2.99B | – | – |
| Construction materials | – | – | – | $1.94B | $1.71B | $1.66B | $1.63B | $1.42B | – | – | – | – |
| Transmission & distribution specialty contracting | – | – | $683.34M | $662.71M | $677.07M | $649.49M | $531.88M | $392.54M | – | – | – | – |
| Contracting services | – | – | – | $1.19B | $1.02B | $1.07B | $1.09B | $968.76M | – | – | – | – |
| Electrical & mechanical specialty contracting | – | – | $2.13B | $1.99B | $1.32B | $1.40B | $1.27B | $926.88M | – | – | – | – |
| Natural Gas Gathering [Member] | – | – | – | – | – | $4.87M | $9.16M | $9.16M | – | – | – | – |
| Revenues from contracts with customers | – | – | – | $6.93B | $5.63B | $5.47B | $5.28B | $4.47B | – | – | – | – |
| Revenues out of scope | – | – | – | $40.52M | $52.25M | $61.21M | $55.16M | $61.79M | – | – | – | – |
By region
From the segment and revenue-disaggregation notes of Mdu Resources's 10-K and 10-Q filings (XBRL). Fourth-quarter figures are the fiscal year less the first nine months. Segment names follow the company's own labels and can change when it reorganizes.