MDU Resources Group, Inc. (MDU)
Market Cap | 5.03B |
Revenue (ttm) | 4.66B |
Net Income (ttm) | 414.71M |
Shares Out | 203.69M |
EPS (ttm) | 2.03 |
PE Ratio | 12.16 |
Forward PE | 15.42 |
Dividend | $0.50 (2.03%) |
Ex-Dividend Date | Mar 13, 2024 |
Volume | 815,538 |
Open | 24.45 |
Previous Close | 24.50 |
Day's Range | 24.40 - 24.72 |
52-Week Range | 18.04 - 25.79 |
Beta | 0.69 |
Analysts | Strong Buy |
Price Target | 22.00 (-10.9%) |
Earnings Date | May 2, 2024 |
About MDU
MDU Resources Group, Inc. engages in the regulated energy delivery, and construction materials and services businesses in the United States. It operates through four segments: Electric, Natural Gas Distribution, Pipeline, and Construction Services. The Electric segment generates, transmits, and distributes electricity for residential, commercial, industrial, and municipal customers in Montana, North Dakota, South Dakota, and Wyoming; and operates 3,400 miles of transmission lines, 4,800 miles of distribution lines, and 82 transmission and 298 d... [Read more]
Financial Performance
In 2023, MDU's revenue was $4.66 billion, an increase of 4.85% compared to the previous year's $4.44 billion. Earnings were $414.71 million, an increase of 12.85%.
Financial StatementsAnalyst Forecast
According to one analyst, the rating for MDU stock is "Strong Buy" and the 12-month stock price forecast is $22.0.
News
MDU Resources to Webcast First Quarter 2024 Earnings Conference Call
BISMARCK, N.D. , April 11, 2024 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) will webcast its first quarter 2024 earnings conference call at 2 p.m.
MDU Resources Files Confidential Form 10 for Planned Late 2024 Spinoff of Construction Services Business
BISMARCK, N.D. , March 25, 2024 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) announced today that it has submitted a confidential draft registration statement on Form 10 with the U.S. Securit...
MDU Construction Services Group Rebrands to Everus Construction Group; Spinoff Remains on Track for Late 2024
BISMARCK, N.D. , March 13, 2024 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) announced today that its construction services business, MDU Construction Services Group, Inc., has rebranded to E...
MDU Resources Affirms 2024 Guidance, Updates Long-Term Earnings Per Share Guidance
BISMARCK, N.D. , March 13, 2024 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) announced that it is affirming 2024 financial guidance and providing an updated long-term earnings per share grow...
MDU Resources Celebrates 100 Years With Analyst and Investor Day, Ringing Closing Bell at NYSE
BISMARCK, N.D. , March 11, 2024 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) is preparing to kick off a yearlong celebration of its 100th anniversary by ringing the closing bell at the New Yo...
MDU Resources Declares Quarterly Dividend on Common Stock
BISMARCK, N.D. , Feb. 15, 2024 /PRNewswire/ -- MDU Resources Group, Inc.'s (NYSE: MDU) board of directors today declared a quarterly dividend on the company's common stock of 12.5 cents per share, unc...
MDU Resources Reports Robust Growth in 2023; Initiates Guidance for 2024
BISMARCK, N.D. , Feb. 8, 2024 /PRNewswire/ -- Record electric retail sales volumes.
MDU Resources to Webcast Year-End 2023 Earnings Conference Call
BISMARCK, N.D. , Jan. 18, 2024 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) will webcast its year-end 2023 earnings conference call at 2 p.m.
MDU Resources Names Chief Utilities Officer
BISMARCK, N.D. , Dec. 4, 2023 /PRNewswire/ -- The Board of Directors of MDU Resources Group, Inc. (NYSE: MDU) has approved the appointment of Garret Senger as chief utilities officer for the company's...
MDU Resources Announces Five-Year Capital Investment Plan
BISMARCK, N.D. , Nov. 21, 2023 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) announced today that it plans to make capital investments totaling $2.8 billion from 2024 through 2028.
MDU Resources Appoints Darrel T. Anderson to Board of Directors
BISMARCK, N.D. , Nov. 17, 2023 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) today announced that Darrel T.
MDU Resources Reports Third Quarter Earnings, Increases Guidance
BISMARCK, N.D. , Nov. 2, 2023 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) today reported third quarter earnings on a generally accepted accounting principles (GAAP) basis of $74.9 million, o...
MDU Resources Plans to Spin Off Construction Services Business
BISMARCK, N.D. , Nov. 2, 2023 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) today announced that its board of directors has approved a plan to spin off the company's wholly owned construction ...
WBI Energy's Eastern North Dakota Natural Gas Pipeline Expansion Project Approved by FERC
BISMARCK, N.D. , Oct. 20, 2023 /PRNewswire/ -- WBI Energy, Inc.'s Wahpeton Expansion project was approved on Thursday by the Federal Energy Regulatory Commission.
MDU Resources to Webcast Third Quarter 2023 Earnings Conference Call
BISMARCK, N.D. , Oct. 12, 2023 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) will webcast its third quarter 2023 earnings conference call at 2 p.m.
MDU Resources to Host Investor Day Nov. 21 at New York Stock Exchange
BISMARCK, N.D. , Sept. 14, 2023 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) will host an investor day on Nov. 21 at the New York Stock Exchange.
MDU Resources Publishes 2022 Sustainability Report
BISMARCK, N.D. , Aug. 30, 2023 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) has set a methane emissions reduction target of 30% by 2035, compared to 2022 levels, for its natural gas utility s...
MDU Resources President and CEO Goodin to Retire; Kivisto Named Successor
BISMARCK, N.D. , Aug. 17, 2023 /PRNewswire/ -- David L.
MDU Resources Declares Quarterly Dividend on Common Stock, Establishes Future Dividend Target
BISMARCK, N.D. , Aug. 3, 2023 /PRNewswire/ -- MDU Resources Group, Inc.'s (NYSE: MDU) board of directors has declared a quarterly dividend on the company's common stock of 12.5 cents per share.
MDU Resources Reports Higher Second Quarter Earnings, Increases Guidance
BISMARCK, N.D. , Aug. 3, 2023 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) today reported second quarter earnings on a generally accepted accounting principles (GAAP) basis of $130.7 million,...
MDU Resources to Webcast Second Quarter 2023 Earnings Conference Call
BISMARCK, N.D. , July 13, 2023 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) will webcast its second quarter 2023 earnings conference call at 2 p.m.
5 Historically High-Yield Stocks Gurus Agree On
Marking the 12th consecutive month of declines, inflation rose only 3% in June according to the consumer price index. This was below economists' expectations of a 3.1% increase.
MDU Resources to Pursue Tax-Advantaged Separation of Construction Services Business
BISMARCK, N.D. , July 10, 2023 /PRNewswire/ -- Upon completing MDU Resources Group, Inc.'s (NYSE: MDU) previously announced strategic review of its wholly owned construction services business, MDU Con...
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MDU Resources Subsidiary Receives Regulatory Approval to Serve Large Data Center Electric Load
BISMARCK, N.D. , June 6, 2023 /PRNewswire/ -- Montana-Dakota Utilities, a subsidiary of MDU Resources Group, Inc. (NYSE: MDU), received unanimous approval today from the North Dakota Public Service Co...