MDU Resources Group, Inc. (MDU)
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]
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 $30.0.
News
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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.
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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...
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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.
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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%.
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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.
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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...
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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...
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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...
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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...
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MDU Resources Reports Robust Growth in 2023; Initiates Guidance for 2024
BISMARCK, N.D. , Feb. 8, 2024 /PRNewswire/ -- Record electric retail sales volumes.
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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.
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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...
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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.
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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.
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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...
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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 ...
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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.
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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.
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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.
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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...
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MDU Resources President and CEO Goodin to Retire; Kivisto Named Successor
BISMARCK, N.D. , Aug. 17, 2023 /PRNewswire/ -- David L.
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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.
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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,...