MDU Resources Group, Inc. (MDU)

NYSE: MDU · Real-Time Price · USD
27.44
+0.19 (0.70%)
At close: Oct 7, 2024, 4:00 PM
27.90
+0.46 (1.68%)
After-hours: Oct 7, 2024, 7:07 PM EDT
0.70%
Market Cap 5.59B
Revenue (ttm) 4.40B
Net Income (ttm) 407.00M
Shares Out 203.89M
EPS (ttm) 1.99
PE Ratio 13.65
Forward PE 16.39
Dividend $0.52 (1.90%)
Ex-Dividend Date Sep 12, 2024
Volume 1,182,114
Open 27.10
Previous Close 27.25
Day's Range 27.10 - 27.55
52-Week Range 18.04 - 27.92
Beta 0.68
Analysts Strong Buy
Price Target 30.00 (+9.33%)
Earnings Date Oct 31, 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 Resources Group'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
(9.33% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

MDU Resources Board of Directors Approves Everus Spinoff, Declares Distribution of Shares of Everus

BISMARCK, N.D. , Oct. 2, 2024 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) announced today that its board of directors has approved the previously announced spinoff of the company's wholly ow...

5 days ago - PRNewsWire

MDU Resources Group Announces Anthony D. Foti as New Chief Legal Officer

BISMARCK, N.D. , Sept. 30, 2024 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) board of directors has approved the appointment of Anthony D.

7 days ago - PRNewsWire

MDU Resources Group Announces Retirement of VP and CIO Peggy Link, Boese Named Successor

BISMARCK, N.D. , Sept. 18, 2024 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) today announced the retirement of Peggy Link, vice president and chief information officer, effective Jan. 10, 202...

19 days ago - PRNewsWire

Everus Construction Group Announces Investor Day; to be Listed Under Ticker ECG Upon Spinoff

BISMARCK, N.D. , Sept. 12, 2024 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) today announced the public filing of a Form 10 registration statement with the Securities and Exchange Commission ...

25 days ago - PRNewsWire

MDU Resources Announces Anticipated Board of Directors for Everus

BISMARCK, N.D. , Sept. 3, 2024 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) today announced the anticipated board of directors for Everus Construction Group, effective upon completion of the ...

4 weeks ago - PRNewsWire

Lanny's Stock Sales Through June 30, 2024

I sold Chimera. They were an underperforming REIT, even on their best days. I actually have received total proceeds of $10,967 and have recognized a total gain of $1,090.40. Warner Bro. Discovery, as ...

Other symbols: CIMMMMPARASOLV
6 weeks ago - Seeking Alpha

MDU Resources Appoints Two to Board of Directors

BISMARCK, N.D. , Aug. 15, 2024 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) announced today that Michael S.

7 weeks ago - PRNewsWire

MDU Resources Announces Increased Quarterly Dividend

BISMARCK, N.D. , Aug. 15, 2024 /PRNewswire/ -- The board of directors of MDU Resources Group, Inc. (NYSE: MDU) has increased the quarterly dividend on the company's common stock to 13 cents per share,...

7 weeks ago - PRNewsWire

MDU Resources Group, Inc. (MDU) Q2 2024 Earnings Call Transcript

MDU Resources Group, Inc. (NYSE:MDU) Q2 2024 Earnings Conference Call August 8, 2024 2:00 PM ET Company Participants Jason Vollmer - Vice President, Chief Financial Officer & Treasurer Nicole Kivisto...

2 months ago - Seeking Alpha

MDU Resources Reports Solid Q2 Earnings, Updates 2024 Guidance

Key Financial Highlights for Second Quarter 2024: Pipeline achieved record second quarter earnings of $17.3 million, up approximately 99%. Utility earnings of $10.5 million, down by $2.6 million from ...

2 months ago - PRNewsWire

MDU Resources' Board of Directors Names Leadership for Everus Construction Group, Effective on Spinoff

BISMARCK, N.D. , July 18, 2024 /PRNewswire/ -- MDU Resources Group, Inc.'s (NYSE: MDU) board of directors has selected the management team to lead Everus Construction Group, the company's construction...

2 months ago - PRNewsWire

MDU Resources to Webcast Second Quarter 2024 Earnings Conference Call

BISMARCK, N.D. , July 17, 2024 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) will webcast its second quarter 2024 earnings conference call at 2 p.m.

2 months ago - PRNewsWire

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.

3 months 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
3 months 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: MKL
4 months 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...

5 months 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.

5 months ago - PRNewsWire

MDU Resources Group, Inc. (MDU) Q1 2024 Earnings Call Transcript

MDU Resources Group, Inc. (NYSE:MDU) Q1 2024 Results Conference Call May 2, 2024 2:00 PM ET Company Participants Jason Vollmer - Vice President, Chief Financial Officer and Treasurer Nicole Kivisto -...

5 months ago - Seeking Alpha

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%.

5 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.

6 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...

7 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...

7 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...

7 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...

7 months ago - PRNewsWire

MDU Resources Group, Inc. (MDU) Q4 2023 Earnings Call Transcript

MDU Resources Group, Inc. (MDU) Q4 2023 Earnings Call Transcript

8 months ago - Seeking Alpha