MDU
MDU Resources Group Inc
NYSE: MDU · UTILITIES · UTILITIES - REGULATED GAS
$21.95
-0.23% today
Updated 2026-04-29
Market cap
$4.49B
P/E ratio
23.60
P/S ratio
2.40x
EPS (TTM)
$0.93
Dividend yield
2.45%
52W range
$16 – $22
Volume
1.7M
MDU Resources Group Inc (MDU) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.07B | $4.25B | $5.00B | $4.18B | $3.91B | $4.05B | $4.08B | $4.46B | $4.67B | $4.19B | $4.13B | $4.44B | $4.53B | $5.34B | $5.53B | $3.45B | $1.75B | $1.80B | $1.76B | $1.88B |
| Revenue growth (YoY) | — | +4.4% | +17.8% | -16.5% | -6.4% | +3.6% | +0.6% | +9.5% | +4.7% | -10.3% | -1.5% | +7.6% | +2.0% | +17.8% | +3.7% | -37.6% | -49.4% | +3.2% | -2.5% | +6.7% |
| Cost of revenue | $340.76M | $662.61M | $1.10B | $805.40M | $3.01B | $636.70M | $3.13B | $3.39B | $3.59B | $3.57B | $3.35B | $3.64B | $3.74B | $4.40B | $4.49B | $2.77B | $1.26B | $1.28B | $1.19B | $1.47B |
| Gross profit | $3.73B | $3.59B | $3.90B | $3.37B | $902.92M | $3.41B | $946.30M | $1.07B | $1.08B | $624.50M | $777.20M | $802.90M | $790.60M | $933.38M | $1.05B | $687.28M | $490.06M | $518.53M | $571.94M | $404.90M |
| Gross margin | 91.6% | 84.4% | 77.9% | 80.7% | 23.1% | 84.3% | 23.2% | 23.9% | 23.2% | 14.9% | 18.8% | 18.1% | 17.4% | 17.5% | 18.9% | 19.9% | 28.0% | 28.8% | 32.5% | 21.6% |
| R&D | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — | — | — |
| SG&A | — | — | — | $0.00 | $0.00 | $172.92M | $176.14M | $188.36M | $192.56M | $142.59M | $151.83M | $3.30B | $3.42B | $4.09B | $99000.00 | $4.29B | $5.22B | — | — | — |
| Operating income | $532.24M | $557.12M | $512.04M | $-153.10M | $410.73M | $406.40M | $19.20M | $492.90M | $488.20M | $254.10M | $409.10M | $428.70M | $401.70M | $481.22M | $544.92M | $331.05M | $200.87M | $224.94M | $265.64M | $290.40M |
| Operating margin | 13.1% | 13.1% | 10.2% | -3.7% | 10.5% | 10.0% | 0.5% | 11.0% | 10.5% | 6.1% | 9.9% | 9.6% | 8.9% | 9.0% | 9.8% | 9.6% | 11.5% | 12.5% | 15.1% | 15.5% |
| EBITDA | $780.79M | $831.13M | $867.42M | $195.28M | $778.40M | $760.98M | $390.44M | $885.33M | $899.27M | $549.34M | $629.80M | $639.71M | $621.10M | $753.05M | $856.74M | $555.01M | $392.69M | $635.40M | $507.09M | $525.40M |
| EBITDA margin | 19.2% | 19.6% | 17.3% | 4.7% | 19.9% | 18.8% | 9.6% | 19.8% | 19.3% | 13.1% | 15.3% | 14.4% | 13.7% | 14.1% | 15.5% | 16.1% | 22.5% | 35.2% | 28.8% | 28.0% |
| EBIT | $509.21M | $529.19M | $501.40M | $-135.27M | $449.56M | $417.58M | $31.23M | $498.47M | $497.91M | $321.61M | $413.48M | $432.23M | $400.89M | $497.03M | $571.64M | $356.77M | $204.13M | $444.95M | $307.01M | $318.70M |
| Interest expense | $0.00 | $0.00 | $81.53M | $84.10M | $83.01M | $81.40M | $76.70M | $84.00M | $87.00M | $93.10M | $87.90M | $82.80M | $84.60M | $98.59M | $96.52M | $70.71M | $80.68M | $114.31M | $108.35M | $107.70M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $315.76M | $432.12M | $293.67M | $-123.30M | $240.66M | $213.00M | $-700000.00 | $278.90M | $298.20M | $-622.40M | $64.40M | $281.10M | $272.30M | $335.45M | $390.20M | $378.13M | $367.49M | $414.71M | $281.11M | $190.40M |
| Net income growth (YoY) | — | +36.9% | -32.0% | -142.0% | +295.2% | -11.5% | -100.3% | +39942.9% | +6.9% | -308.7% | +110.3% | +336.5% | -3.1% | +23.2% | +16.3% | -3.1% | -2.8% | +12.8% | -32.2% | -32.3% |
| Profit margin | 7.8% | 10.2% | 5.9% | -3.0% | 6.2% | 5.3% | -0.0% | 6.3% | 6.4% | -14.8% | 1.6% | 6.3% | 6.0% | 6.3% | 7.1% | 10.9% | 21.0% | 23.0% | 16.0% | 10.2% |