MDU Resources Group Stock Forecast

Stock Price Forecast

According to 8 analysts polled by S&P Global, MDU Resources Group stock has a consensus rating of "Buy" and an average price target of $23.29. The average 1-year stock price forecast is 10.17% higher than the current stock price, while the lowest is $21 (-0.66%) and the highest is $28 (+32.45%).

Price Target: $23.29 (+10.17%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$21	$23.29	$23	$28
Change	-0.66%	+10.17%	+8.80%	+32.45%

Analyst Ratings

The average analyst rating for MDU Resources Group stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Dec '25	Jan '26	Feb '26	Apr '26	May '26	Jun '26
Strong Buy	4	4	4	4	4	4
Buy	0	0	0	0	0	0
Hold	3	3	3	4	4	4
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	7	7	7	8	8	8

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Aidan Kelly J.P. Morgan	J.P. Morgan	Hold Maintains $22 → $24	Hold	Maintains	$22 → $24	+13.53%	May 19, 2026
Shelby Tucker TD Cowen	TD Cowen	Hold Maintains $20 → $22	Hold	Maintains	$20 → $22	+4.07%	May 15, 2026
Ross Fowler Bank of America Securities	Bank of America Securities	Buy Reiterates $22 → $23	Buy	Reiterates	$22 → $23	+8.80%	Apr 8, 2026
Ryan Levine Citi	Citi	Hold Maintains $18 → $22	Hold	Maintains	$18 → $22	+4.07%	Jan 15, 2026

Financial Forecast

Revenue This Year

1.99B

from 1.88B

5.88%

from 1.88B

Revenue Next Year

2.12B

from 1.99B

6.87%

from 1.99B

EPS This Year

0.97

from 0.93

4.34%

from 0.93

EPS Next Year

1.05

from 0.97

8.08%

from 0.97

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	3.45B	1.75B	1.80B	1.76B	1.88B	1.99B
Revenue Growth	-37.56%	-49.42%	3.21%	-2.52%	6.66%	5.88%
Gross Profit	687.28M	490.06M	518.53M	571.94M	611.58M	1.17B
Gross Margin	19.90%	28.05%	28.75%	32.53%	32.62%	59.10%
Operating Income	337.92M	208.91M	230.75M	269.89M	291.77M	343.79M
Net Income	378.13M	367.49M	414.71M	281.11M	190.40M	204.96M
EPS	-	-	-	-	0.93	0.97
EPS Growth	-	-	-	-	3.33%	4.34%
Forward PE	13.95	14.32	14.95	18.58	19.37	21.79
Dividend / Share	0.86	0.88	0.70	0.51	0.54	0.57
Dividend Growth	-	2.34%	-20.57%	-26.62%	5.88%	6.22%
Free Cash Flow	-294.64M	-182.06M	-431.63K	86.35M	-365.01M	51.00M
No. Analysts	-	-	-	-	-	6

EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue	2026	2027	2028
High	2.0B
Avg	2.0B
Low	1.9B

Revenue Growth

Revenue Growth	2026	2027	2028
High	8.8%
Avg	5.9%
Low	-1.2%

EPS Forecast

EPS	2026	2027	2028
High	0.99
Avg	0.97
Low	0.93

EPS Growth

EPS Growth	2026	2027	2028
High	6.5%
Avg	4.3%
Low	0.1%