MDU Resources Group Inc (MDU) stock
MDUNYSENatural Gas DistributionFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 6, 2026Score 6/306% above fair value
$19.59+0.04 (+0.20%)
Close on Nov 13, 2026Market cap $4.12BP/E 21.1Yield 2.76%
MDU Resources operating margin
Operating margin is operating income as a percentage of revenue.
MDU Resources's operating margin for the twelve months ending Sep 30, 2026 was 17.1%. For fiscal 2025 it was 15.5%, against 15.1% the year before. The highest annual figure on record is 15.5% in fiscal 2025.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 15.5% | +0.4 |
| FY2024 | Dec 31, 2024 | 15.1% | +2.6 |
| FY2023 | Dec 31, 2023 | 12.5% | +1.0 |
| FY2022 | Dec 31, 2022 | 11.5% | +1.9 |
| FY2021 | Dec 31, 2021 | 9.6% | −0.3 |
| FY2020 | Dec 31, 2020 | 9.8% | +0.8 |
| FY2019 | Dec 31, 2019 | 9.0% | +0.2 |
| FY2018 | Dec 31, 2018 | 8.9% | −0.7 |
| FY2017 | Dec 31, 2017 | 9.5% | −0.4 |
| FY2016 | Dec 31, 2016 | 9.9% | +1.9 |
| FY2015 | Dec 31, 2015 | 8.0% | +0.0 |
| FY2014 | Dec 31, 2014 | 8.0% | −0.2 |
| FY2013 | Dec 31, 2013 | 8.2% | +7.7 |
| FY2012 | Dec 31, 2012 | 0.5% | −9.6 |
| FY2011 | Dec 31, 2011 | 10.0% | −0.5 |
| FY2010 | Dec 31, 2010 | 10.5% | +14.2 |
| FY2009 | Dec 31, 2009 | -3.7% | −13.9 |
| FY2008 | Dec 31, 2008 | 10.2% | −2.9 |
| FY2007 | Dec 31, 2007 | 13.1% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 13.7% | +1.0 |
| Q2 FY2026 | Jun 30, 2026 | 12.8% | +4.1 |
| Q1 FY2026 | Mar 31, 2026 | 19.1% | +2.4 |
| Q4 FY2025 | Dec 31, 2025 | 20.1% | +2.4 |
| Q3 FY2025 | Sep 30, 2025 | 12.6% | +0.6 |
| Q2 FY2025 | Jun 30, 2025 | 8.6% | −2.9 |
| Q1 FY2025 | Mar 31, 2025 | 16.7% | +0.3 |
| Q4 FY2024 | Dec 31, 2024 | 17.7% | +23.0 |
| Q3 FY2024 | Sep 30, 2024 | 12.0% | +3.6 |
| Q2 FY2024 | Jun 30, 2024 | 11.5% | +4.0 |
| Q1 FY2024 | Mar 31, 2024 | 16.4% | +8.1 |
| Q4 FY2023 | Dec 31, 2023 | -5.3% | −3.0 |
| Q3 FY2023 | Sep 30, 2023 | 8.5% | +2.4 |
| Q2 FY2023 | Jun 30, 2023 | 7.5% | +1.3 |
| Q1 FY2023 | Mar 31, 2023 | 8.3% | +3.5 |
| Q4 FY2022 | Dec 31, 2022 | -2.3% | +3.3 |
| Q3 FY2022 | Sep 30, 2022 | 6.1% | −5.8 |
| Q2 FY2022 | Jun 30, 2022 | 6.2% | −3.5 |
| Q1 FY2022 | Mar 31, 2022 | 4.8% | −2.2 |
| Q4 FY2021 | Dec 31, 2021 | -5.6% | −16.1 |
| Q3 FY2021 | Sep 30, 2021 | 11.9% | −0.9 |
| Q2 FY2021 | Jun 30, 2021 | 9.7% | −0.5 |
| Q1 FY2021 | Mar 31, 2021 | 6.9% | +2.2 |
| Q4 FY2020 | Dec 31, 2020 | 10.5% | +1.1 |
| Q3 FY2020 | Sep 30, 2020 | 12.8% | +0.7 |
| Q2 FY2020 | Jun 30, 2020 | 10.1% | +2.7 |
| Q1 FY2020 | Mar 31, 2020 | 4.8% | −1.1 |
| Q4 FY2019 | Dec 31, 2019 | 9.4% | −0.3 |
| Q3 FY2019 | Sep 30, 2019 | 12.1% | +1.2 |
| Q2 FY2019 | Jun 30, 2019 | 7.5% | +0.5 |
| Q1 FY2019 | Mar 31, 2019 | 5.9% | −1.2 |
| Q4 FY2018 | Dec 31, 2018 | 9.8% | −0.9 |
| Q3 FY2018 | Sep 30, 2018 | 10.9% | −1.3 |
| Q2 FY2018 | Jun 30, 2018 | 7.0% | −0.4 |
| Q1 FY2018 | Mar 31, 2018 | 7.1% | +0.1 |
| Q4 FY2017 | Dec 31, 2017 | 10.7% | −0.3 |
| Q3 FY2017 | Sep 30, 2017 | 12.2% | – |
| Q2 FY2017 | Jun 30, 2017 | 7.4% | – |
| Q1 FY2017 | Mar 31, 2017 | 7.0% | – |
| Q4 FY2016 | Dec 31, 2016 | 11.0% | – |
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