MDU Resources Group, Inc. (MDU)
| Market Cap | 4.10B |
| Revenue (ttm) | 6.66B |
| Net Income (ttm) | 434.10M |
| Shares Out | 203.64M |
| EPS (ttm) | 2.14 |
| PE Ratio | 9.40 |
| Forward PE | 13.54 |
| Dividend | $0.50 (2.49%) |
| Ex-Dividend Date | Sep 13, 2023 |
| Volume | 845,763 |
| Open | 20.13 |
| Previous Close | 20.22 |
| Day's Range | 20.01 - 20.22 |
| 52-Week Range | 18.38 - 22.55 |
| Beta | 0.68 |
| Analysts | Strong Buy |
| Price Target | 22.00 (+9.34%) |
| Earnings Date | Nov 2, 2023 |
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 five segments: Electric, Natural Gas Distribution, Pipeline, Construction Materials and Contracting, 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 distribut... [Read more]
Financial Performance
In 2022, MDU's revenue was $6.97 billion, an increase of 22.76% compared to the previous year's $5.68 billion. Earnings were $367.49 million, a decrease of -2.81%.
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 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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The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.
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...
MDU Resources Completes Spinoff of Knife River
BISMARCK, N.D. , June 1, 2023 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) today announced that it has successfully completed the spinoff of its construction materials subsidiary, Knife River...
Knife River Corporation Completes Spinoff from MDU Resources
BISMARCK, N.D.--(BUSINESS WIRE)--Knife River Corporation (NYSE: KNF) successfully completes its spinoff from MDU Resources Group, Inc. (NYSE: MDU); to start trading on the NYSE today.
Knife River Set to Join S&P MidCap 400; Bank of Hawaii to Join S&P SmallCap 600
NEW YORK , May 25, 2023 /PRNewswire/ -- Knife River Corp. (NYSE: KNF) will be added to the S&P MidCap 400 prior to the open of trading on Thursday, June 1 following its spin-off from S&P MidCap 400 co...
MDU Resources Names Chief Legal Officer Successor
BISMARCK, N.D. , May 18, 2023 /PRNewswire/ -- The Board of Directors of MDU Resources Group, Inc. (NYSE: MDU) has approved the appointment of Paul R.
MDU Resources Announces Knife River Form 10 Registration Statement Declared Effective
BISMARCK, N.D. , May 12, 2023 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) today announced that, in connection with the previously announced separation of Knife River Corporation from MDU Res...
MDU Resources Names Rob Johnson President of Subsidiary WBI Energy
BISMARCK, N.D. , May 10, 2023 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) announced today that Rob L.
MDU Resources Declares Quarterly Dividend on Common Stock, Outlines Future Dividend Expectations
BISMARCK, N.D. , May 4, 2023 /PRNewswire/ -- MDU Resources Group, Inc.'s (NYSE: MDU) board of directors has declared a quarterly dividend on the company's common stock of 22.25 cents per share, unchan...
MDU Resources Reports First Quarter Earnings; Board Approves Knife River Separation
BISMARCK, N.D. , May 4, 2023 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) today reported first quarter earnings on a generally accepted accounting principles (GAAP) basis of $38.3 million, or...
MDU Resources Board of Directors Approves Separation of Knife River; Declares Distribution of Shares for Knife River
BISMARCK, N.D. , May 4, 2023 /PRNewswire/ -- MDU Resources Group, Inc.'s (NYSE: MDU) board of directors has approved the previously announced separation of the company's wholly owned construction mate...
MDU Resources Announces Closing of Knife River Holding Company's $425 Million Notes Offering in Connection With Anticipated Knife River Spinoff
BISMARCK, N.D. , April 25, 2023 /PRNewswire/ -- MDU Resources Group, Inc. ("MDU Resources") (NYSE: MDU) today announced the closing of its previously announced offering of $425 million of notes due 20...
MDU Resources Schedules Webcast of First Quarter 2023 Earnings Conference Call
BISMARCK, N.D. , April 14, 2023 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) will webcast its first quarter 2023 earnings conference call at 2 p.m.
MDU Resources Announces Pricing of Knife River Holding Company's $425 Million Notes Offering in Connection With Anticipated Knife River Spinoff
BISMARCK, N.D. , April 11, 2023 /PRNewswire/ -- MDU Resources Group, Inc. ("MDU Resources") (NYSE: MDU) today announced that Knife River Holding Company, a wholly owned subsidiary of MDU Resources, ha...
MDU Resources Announces Launch of Knife River Holding Company's Notes Offering in Connection With Anticipated Knife River Spinoff
BISMARCK, N.D. , April 10, 2023 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) today announced that Knife River Holding Company, a wholly owned subsidiary of MDU Resources, has launched an offe...
MDU Resources Announces Anticipated Board of Directors for Knife River
BISMARCK, N.D. , April 7, 2023 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) today announced the anticipated board of directors for Knife River Holding Company, effective upon completion of th...
Knife River to be Listed Under Ticker KNF on NYSE Upon Spinoff From MDU Resources
BISMARCK, N.D. , March 10, 2023 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) announced the filing of a Form 10 registration statement with the Securities and Exchange Commission that identifi...