MDU Resources Group, Inc. (MDU) Stock Price & Analysis
MDU Resources Group, Inc. (MDU) closed at USD 19.37 on Thursday, October 22, 2026, up 1.31% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 19.12; the Oct 22, 2026 session ranged USD 19.15–19.4 on volume of 1,525,130 shares. Market capitalization is $4.07B, with a 52-week range of USD 18.24–22.98 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 10:12 UTC.
Also available as compact Markdown for AI agents: nexqual.com/MDU.md
Key facts (MDU)
- Last four reported quarters (through Jun 30, 2026): revenue $1.83B, net income $197M (10.7% margin), free cash flow -$386M (SEC filings).
- Valuation: P/E 20.7x (avg 13.2x at the last 3 fiscal year-ends).
- Analysts: Buy (mean 2.22 on a 1–5 scale) (9 analysts), mean target USD 23 (range 21–25).
- Total return with dividends: 1Y +1.2% vs S&P 500 +14.9%; 5Y +88.6% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD 0.1, revenue estimate $347M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (MDU)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $3.45B | $1.75B | $1.81B | $1.76B | $1.88B | $1.83B |
| Operating income | $331M | $201M | $225M | $266M | $290M | $311M |
| Net income | $378M | $367M | $415M | $281M | $190M | $197M |
| EPS (diluted) | $1.04 | $1.81 | $2.03 | $1.37 | $0.93 | — |
| Free cash flow | $10.6M | $67.5M | -$152M | -$20.5M | -$297M | -$386M |
| Operating margin | 9.6% | 11.5% | 12.5% | 15.1% | 15.5% | 17.0% |
| Net margin | 10.9% | 20.9% | 23.0% | 16.0% | 10.2% | 10.7% |
| Revenue growth | -37.6% | -49.2% | +2.9% | -2.6% | +6.7% | — |
| Cash + short-term investments | $54.2M | $70.4M | $60.5M | — | — | — |
| Total debt | $2.74B | $2.37B | $2.17B | $2.29B | $2.68B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (MDU)
P/E 20.7x · P/S 2.2x · P/B 1.4x · FCF yield -9.48% · Earnings yield 4.83% · Dividend yield (paid, TTM) 2.76%
P/E at fiscal year-ends: Dec 2025 21.0x, Dec 2024 13.1x, Dec 2023 5.4x.
Analysts (MDU)
Consensus Buy (mean 2.22 on a 1–5 scale), 9 analysts; mean target USD 23 (low 21, high 25).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-06 | JP Morgan | Upgrade | Neutral → Overweight | $27 |
| 2026-07-13 | Wells Fargo | Initiated | Overweight | $25 |
Total return (dividends reinvested) (MDU)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +1.2% | +88.6% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +1.2% | +13.5% |
| Volatility (annualized) | 19.9% | 22.9% |
| Max drawdown | -18.2% (May 2026→Sep 2026) | -19.2% (Jan 2022→Mar 2022) |
MDU analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.10 | $0.10 | -3.1% | $346.5M | 7 |
| Next quarter (ends Dec 2026) | $0.39 | $0.39 | +0.3% | $647.8M | 6 |
| Current fiscal year (ends Dec 2026) | $0.98 | $0.97 | +0.4% | $1.99B | 8 |
| Next fiscal year (ends Dec 2027) | $1.06 | $1.06 | +0.0% | $2.13B | 8 |
Key Statistics (as of October 23, 2026 at 10:12 UTC)
| Price | USD 19.37 |
|---|---|
| Change | ▲ 1.31% (up) |
| Previous Close | USD 19.12 |
| Open | USD 19.06 |
| Day Range | USD 19.15 – 19.4 |
| 52-Week Range | USD 18.24 – 22.98 |
| Volume | 1,525,130 shares |
| Market Cap | $4.07B |
| Exchange | NYQ |
Technical Analysis (MDU)
Nexqual's technical model rates MDU "NEUTRAL" based on 4 bullish and 3 bearish signals across 127 daily candles, as of October 23, 2026 at 10:12 UTC.
| Overall Signal | NEUTRAL |
|---|---|
| RSI (14) | 59.54 (neutral) |
| vs SMA50 | Above (USD 19.26) |
| MACD | -0.01 (negative) |
Analyst Ratings (MDU)
Wall Street analysts rate MDU "Buy" based on 9 analysts, with a mean price target of USD 23 (range USD 21–25), per Nexqual as of October 23, 2026 at 10:12 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 9 |
| Mean Target | USD 23 |
| High Target | USD 25 |
| Low Target | USD 21 |
| Buy / Hold / Sell | 6 / 3 / 0 |
Earnings (MDU)
| Next Earnings Date | 2026-11-05 |
|---|---|
| EPS Estimate | USD 0.1 |
| Revenue Estimate | $346.55M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.09 vs est 0.09 ▲ beat |
| 2026-03-31 | USD 0.39 vs est 0.4 ▼ miss |
| 2025-12-31 | USD 0.37 vs est 0.36 ▲ beat |
| 2025-09-30 | USD 0.09 vs est 0.11 ▼ miss |
Source: Nexqual, October 23, 2026 at 10:12 UTC.
Financials & Fundamentals (MDU)
| Total Revenue | $1.83B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +6.90% |
| Gross Margin | +34.75% |
| Operating Margin | +12.53% |
| Profit Margin | +10.75% |
| ROE | +6.89% |
| Debt / Equity | 0.88 |
| Current Ratio | 0.99 |
| Total Cash | $46.27M |
| Total Debt | $2.58B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | -$386.13M (-21.1% of revenue) |
Source: Nexqual, October 23, 2026 at 10:12 UTC.
Financial Health Score (MDU)
Nexqual rates MDU Resources Group, Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 10:12 UTC.
| Growth | Solid — Revenue +7% YoY (annual) |
|---|---|
| Profitability | Solid — Gross margin 35%, operating 13% (last 12 months) |
| Balance Sheet | Weak — $46M cash vs $2.58B debt |
| Cash Flow | Weak — FCF negative: -$386M (last 4 quarters to Jun 2026, SEC), burning cash |
| Efficiency | Mixed — ROE 7%, ROA 2.7% |
Ownership (MDU)
| Insider Ownership | +0.45% |
|---|---|
| Institutional Ownership | +94.29% |
| Shares Outstanding | 210.35M |
| Float | 209.16M |
| Short % of Float | +11.68% |
Source: Nexqual, October 23, 2026 at 10:12 UTC.
Leadership (MDU)
MDU Resources Group, Inc. is led by Nicole A. Kivisto, President, CEO & Director, per Nexqual as of October 23, 2026 at 10:12 UTC.
| President, CEO & Director | Nicole A. Kivisto |
|---|---|
| Chief Financial Officer | Jason L. Vollmer |
| President of WBI Energy, Inc. | Rob L. Johnson |
| Executive Vice President of Everus Construction | Thomas D. Nosbusch |
Major Backers & Investors (MDU)
Notable institutional backers of MDU Resources Group, Inc. include Barrow, Hanley Mewhinney & Strauss, LLC, Earnest Partners LLC, Bank of America Corporation, according to Nexqual as of October 23, 2026 at 10:12 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Barrow, Hanley Mewhinney & Strauss, LLC | 6.38% |
| Earnest Partners LLC | 4.75% |
| Bank of America Corporation | 2.97% |
| SEI Investments Co | 2.55% |
| Bridge Builder Trust-Bridge Builder Large Cap Value Fund | 2.5% |
| Morgan Stanley | 2% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 13.36% |
| Vanguard Group | 10.8% |
| Dimensional Fund Advisors | 5.1% |
| State Street | 3.6% |
Source: Nexqual, October 23, 2026 at 10:12 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| BIPC | Brookfield Infrastructure Corpo | USD 37.63 | ▲ 2.53% |
| CPK | Chesapeake Utilities Corporatio | USD 134.17 | ▲ 3.27% |
| OGS | ONE Gas, Inc. | USD 78.25 | ▲ 3.57% |
| SR | Spire Inc. | USD 85.56 | ▲ 3.7% |
| NJR | NewJersey Resources Corporation | USD 53.63 | ▲ 2.94% |
| BKH | Black Hills Corporation | USD 79.31 | ▲ 0.97% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 10:12 UTC. This page is informational and not investment advice.
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