MDU Resources Group, Inc. (MDU)

NYSE: MDU · IEX Real-Time Price · USD
24.79
+0.20 (0.81%)
Jul 2, 2024, 4:00 PM EDT - Market closed
0.81%
Market Cap 5.05B
Revenue (ttm) 4.44B
Net Income (ttm) 477.25M
Shares Out 203.89M
EPS (ttm) 2.33
PE Ratio 10.64
Forward PE 15.40
Dividend $0.50 (2.02%)
Ex-Dividend Date Jun 13, 2024
Volume 1,042,788
Open 24.57
Previous Close 24.59
Day's Range 24.53 - 24.86
52-Week Range 18.04 - 25.99
Beta 0.69
Analysts Strong Buy
Price Target 30.00 (+21.02%)
Earnings Date Aug 1, 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]

Industry Conglomerates
Sector Industrials
Founded 1924
Employees 9,145
Stock Exchange NYSE
Ticker Symbol MDU
Full Company Profile

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 Statements

Analyst Forecast

According to one analyst, the rating for MDU stock is "Strong Buy" and the 12-month stock price forecast is $30.0.

Price Target
$30.0
(21.02% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

MDU Resources Publishes 2023 Sustainability Report

BISMARCK, N.D. , June 28, 2024 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) published its 2023 Sustainability Report today on its website at www.mdu.com/sustainability.

4 days ago - PRNewsWire

The Investment Committee talks their utilities investing playbook

Utilities is one of the best performing sectors this year. The Committee share their top Utilities plays.

Other symbols: AESDEIXFSLRNEEPWRXLU
12 days ago - CNBC Television

MKL, MDU, CAJPY: Trends & Stocks to Watch

It's important not to confuse the economy with the stock market, notes Christopher P. Davis. He discusses market trends and stocks to have on your radar.

Other symbols: CAJPYMKL
25 days ago - Schwab Network

MDU Resources Declares Quarterly Dividend on Common Stock

BISMARCK, N.D. , May 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, unch...

6 weeks ago - PRNewsWire

Jaeger Elected to MDU Resources Board of Directors

BISMARCK, N.D. , May 14, 2024 /PRNewswire/ -- Shareholders of MDU Resources Group, Inc. (NYSE: MDU) today at the company's annual meeting of stockholders elected Douglas W.

7 weeks ago - PRNewsWire

MDU Resources Reports Strong First Quarter Results; Affirms 2024 Guidance

BISMARCK, N.D. , May 2, 2024 /PRNewswire/ -- Pipeline has record first quarter earnings, up 82%.

2 months ago - PRNewsWire

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.

2 months ago - PRNewsWire

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...

3 months ago - PRNewsWire

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...

3 months ago - PRNewsWire

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...

3 months ago - PRNewsWire

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...

4 months ago - PRNewsWire

MDU Resources Reports Robust Growth in 2023; Initiates Guidance for 2024

BISMARCK, N.D. , Feb. 8, 2024 /PRNewswire/ -- Record electric retail sales volumes.

5 months ago - PRNewsWire

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.

5 months ago - PRNewsWire

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...

7 months ago - PRNewsWire

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.

8 months ago - PRNewsWire

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.

8 months ago - PRNewsWire

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...

8 months ago - PRNewsWire

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 ...

8 months ago - PRNewsWire

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.

9 months ago - PRNewsWire

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.

9 months ago - PRNewsWire

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.

10 months ago - PRNewsWire

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...

10 months ago - PRNewsWire

MDU Resources President and CEO Goodin to Retire; Kivisto Named Successor

BISMARCK, N.D. , Aug. 17, 2023 /PRNewswire/ -- David L.

11 months ago - PRNewsWire

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.

11 months ago - PRNewsWire

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,...

11 months ago - PRNewsWire