MDU
$19.00+2.10%
MDU Resources Group Inc. Common Stock (Holding Company)Stock · UtilitiesRussell 1000 0.006%US Stock Market 0.006%Russell 3000 0.006%
MDU financial statements
The full income statement, balance sheet, and cash-flow statement for MDU Resources Group Inc. Common Stock (Holding Company) (MDU), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 203.9M2024-09 203.9M2024-12 204.3M2025-03 204.3M2025-06 204.3M2025-09 204.3M2025-12 204.4M2026-03 209.0M2026-06 210.3M+3.2% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.86B+6.3% | 1.75B-2.9% | 1.81B+3.3% | 1.75B-48.6% | 3.40B-38.5% | ||
| Lease income | — | — | 46.0M-4.0% | 47.9M-4.4% | 50.1M+4.4% | |
| 1.58B+6.2% | 1.49B-5.5% | 1.58B+2.1% | 1.55B-50.5% | 3.12B-37.4% | ||
| Selling, general & administrative | 433M+4.5% | 414M+1.8% | 407M+7.1% | 380M-82.8% | 2.21B-45.1% | |
| Amortization of intangibles | — | — | 2.10M-4.5% | 2.20M-12.0% | 2.50M-72.2% | |
| Provision for credit losses | 6.92M+5.5% | 6.56M-11.6% | 7.42M+37.2% | 5.41M+421.6% | 1.04M-90.2% | |
| Operating income | 290M+9.3% | 266M+18.1% | 225M+12.0% | 201M-39.3% | 331M-39.2% | |
| Interest expense | 108M-0.6% | 108M-5.2% | 114M+41.6% | 80.7M+14.1% | 70.7M-26.7% | |
| Other non-operating income | 28.3M-31.5% | 41.4M+23.7% | 33.5M+926.2% | 3.26M-87.3% | 25.7M-3.7% | |
| Pre-tax income | 211M+6.2% | 199M-41.6% | 340M+175.7% | 123M-56.8% | 286M-39.8% | |
| Income tax | 19.6M+11.3% | 17.6M+72.2% | 10.2M+64.9% | 6.20M-85.8% | 43.5M-48.5% | |
| 190M-32.3% | 281M-32.2% | 415M+12.8% | 367M-2.8% | 378M-3.1% | ||
| Income from continuing operations | 191M+5.7% | 181M-45.1% | 330M+181.5% | 117M-51.7% | 243M-37.9% | |
| $0.93-32.1% | $1.37-32.5% | $2.03+12.2% | $1.81-3.2% | $1.87-4.1% | ||
| EPS (basic) | $0.93-32.6% | $1.38-32.4% | $2.04+12.7% | $1.81-3.2% | $1.87-4.1% | |
| Weighted-avg shares (basic) | 204M+0.2% | 204M+0.1% | 204M+0.1% | 203M+0.6% | 202M+0.8% | |
| Weighted-avg shares (diluted) | 205M+0.3% | 205M+0.4% | 204M+0.2% | 203M+0.5% | 202M+0.9% | |
| Dividends per share | $0.54+5.9% | $0.51-26.6% | $0.69-20.6% | $0.88+2.3% | $0.85+2.4% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 572M-14.1% | 666M-51.1% | 1.36B-32.2% | 2.01B+29.7% | 1.55B+16.0% | ||
| Cash & equivalents | 28.2M-57.8% | 66.9M+10.6% | 60.5M-14.1% | 70.4M+30.0% | 54.2M-9.0% | |
| Short-term investments | — | — | 0.00 | 0.00 | — | |
| Accounts receivable | 259M-5.7% | 274M+9.7% | 250M-76.5% | 1.06B+12.4% | 947M+8.3% | |
| Inventory | 39.1M-13.1% | 44.9M+0.6% | 44.7M-30.5% | 64.2M-80.9% | 336M+15.3% | |
| Other current assets | 40.8M-1.5% | 41.4M-37.7% | 66.4M+20.5% | 55.1M-42.4% | 95.7M+117.0% | |
| 7.62B+8.3% | 7.04B-10.1% | 7.83B-18.9% | 9.66B+8.4% | 8.91B+10.6% | ||
| Property, plant & equipment | 5.96B+11.5% | 5.34B+6.8% | 5.00B+4.8% | 4.78B+6.0% | 4.51B-12.8% | |
| Operating lease right-of-use | — | — | 74.4M+1.2% | 73.5M-40.8% | 124M+3.4% | |
| Goodwill | 346M+0.0% | 346M+0.0% | 346M-29.3% | 489M-36.1% | 765M+7.1% | |
| Intangible assets | — | — | 2.00M-51.1% | 4.10M-81.8% | 22.6M-11.4% | |
| Long-term investments | 121M+5.0% | 115M+2.7% | 112M-12.7% | 129M-26.6% | 175M+6.3% | |
| Other non-current assets | 213M+19.3% | 179M-15.5% | 211M+30.6% | 162M+2.7% | 158M+9.4% | |
| Total non-current assets | 7.05B+10.6% | 6.37B-1.5% | 6.47B-15.4% | 7.65B+3.9% | 7.36B+9.6% | |
| 685M+1.0% | 679M-36.9% | 1.08B-27.3% | 1.48B+35.5% | 1.09B+13.4% | ||
| Accounts payable | 149M-0.7% | 150M-6.2% | 160M-69.6% | 526M+9.7% | 479M+12.4% | |
| Deferred revenue | — | — | 202M+20.1% | 168M+14.7% | 147M-7.4% | |
| Short-term & current debt | 145M-10.5% | 162M+163.7% | 61.3M+28.2% | 47.8M-67.7% | 148M+9421.1% | |
| Current lease liability | — | — | 22.9M+7.4% | 21.3M-39.8% | 35.4M+5.1% | |
| Other current liabilities | 111M+5.7% | 105M-19.0% | 130M-16.9% | 156M-24.7% | 207M+4.3% | |
| Long-term debt | 2.53B+18.8% | 2.13B+1.2% | 2.10B-9.2% | 2.32B-10.6% | 2.59B+17.3% | |
| Deferred revenue (non-current) | — | — | 291K+4750.0% | 6.00K-94.9% | 118K+126.9% | |
| Non-current lease liability | — | — | 51.6M-2.3% | 52.9M-40.8% | 89.3M+2.7% | |
| Operating lease liability (total) | 33.8M+61.5% | 20.9M-71.9% | 74.5M-37.9% | 120M-3.7% | 125M+3.4% | |
| Deferred tax liabilities | 437M-0.9% | 441M-2.4% | 452M-0.7% | 455M-23.1% | 592M+14.7% | |
| Other non-current liabilities | 182M+5.1% | 173M-17.4% | 210M+16.2% | 181M-33.9% | 273M-16.6% | |
| Total non-current liabilities | 4.16B+13.5% | 3.67B-4.7% | 3.85B-16.1% | 4.59B+3.6% | 4.44B+10.6% | |
| 2.77B+3.1% | 2.69B-7.4% | 2.91B-19.0% | 3.59B+6.0% | 3.38B+9.9% | ||
| Common stock | — | — | — | 204M+0.1% | 204M+1.4% | |
| Additional paid-in capital | 1.48B+0.2% | 1.47B+0.5% | 1.47B+0.0% | 1.47B+0.3% | 1.46B+6.5% | |
| Retained earnings | 1.11B+7.7% | 1.03B-17.9% | 1.25B-35.7% | 1.95B+10.7% | 1.76B+13.1% | |
| Treasury stock | — | — | 0.00-100.0% | 3.63M+0.0% | 3.63M+0.0% | |
| Accumulated other comprehensive income | -16.7M+0.5% | -16.8M+8.6% | -18.4M+39.9% | -30.6M+25.4% | -41.0M+14.7% | |
| Total equity incl. non-controlling | — | — | 2.91B-19.0% | 3.59B+6.0% | 3.38B+9.9% | |
| Total liabilities & equity | 7.62B+8.3% | 7.04B-10.1% | 7.83B-18.9% | 9.66B+8.4% | 8.91B+10.6% | |
| Common shares issued | 204M+0.2% | 204M+0.1% | 204M-0.2% | 204M+0.1% | 204M+1.4% | |
| Shares outstanding (cover) | 204M+0.0% | 204M+0.3% | 204M+0.0% | 204M+0.1% | 203M+1.4% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 473M-5.8% | 502M+51.0% | 333M-34.8% | 510M+2.9% | 496M-35.5% | ||
| Depreciation & amortization | 207M+3.3% | 200M+5.1% | 190M+1.0% | 189M-4.9% | 198M-30.5% | |
| Intangible amortization | — | — | 2.10M-4.5% | 2.20M-12.0% | 2.50M-72.2% | |
| Share-based compensation | 6.56M-22.2% | 8.42M+53.0% | 5.50M-30.4% | 7.91M-38.5% | 12.9M-1.8% | |
| Deferred income taxes | -8.92M+44.5% | -16.1M-1128.3% | -1.31M-106.5% | 20.2M-26.3% | 27.4M+1621.0% | |
| Change in inventory | -4.34M-1665.0% | -246K-101.1% | 21.7M+9042.0% | -243K-76.1% | -138K-101.9% | |
| Change in payables | -9.62M-2071.1% | -443K+99.5% | -87.2M-203.1% | 84.5M+231.4% | 25.5M+59.9% | |
| -781M-41.3% | -553M-2.2% | -541M+15.4% | -639M+27.9% | -886M-40.6% | ||
| Capital expenditure | 770M+47.4% | 523M+8.0% | 484M+9.4% | 443M-8.8% | 485M-13.0% | |
| Free cash flow | -297M-1348.5% | -20.5M+86.5% | -152M-324.5% | 67.5M+537.8% | 10.6M-95.0% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00-100.0% | 2.50M-97.6% | |
| 269M+567.1% | 40.3M-80.3% | 205M+31.9% | 155M-59.7% | 385M+365.2% | ||
| Long-term debt issued | 565M+83.2% | 309M-48.1% | 595M+176.6% | 215M-21.0% | 272M+131.6% | |
| Long-term debt repaid | 179M-1.5% | 182M-68.0% | 569M+1367.6% | 38.8M+56.6% | 24.8M-83.3% | |
| Common stock issued | -79.0K-58.0% | -50.0K | 0.00+100.0% | -150K-100.2% | 88.8M+2522.4% | |
| Common stock repurchased | 0.00 | 0.00-100.0% | 4.81M-35.0% | 7.40M+10.4% | 6.70M | |
| Dividends paid | 108M+5.2% | 103M-36.2% | 161M-8.8% | 177M+3.2% | 171M+3.0% | |
| Interest paid | 99.2M-8.3% | 108M-4.1% | 113M+130.1% | 49.0M-32.1% | 72.2M-18.6% | |
| Income taxes paid | 30.8M-29.2% | 43.6M+258.3% | 12.2M+143.6% | -27.9M-176.8% | 36.3M-44.6% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 3.99B+8.4% | 3.68B+64.8% | 2.23B-4.8% | 2.35B-1.6% | 2.38B+18.7% | |
| P/E | 21.0×+60.0% | 13.1×+111.7% | 6.2×-11.1% | 7.0×+10.4% | 6.3×+22.5% | |
| P/S | 2.1×+2.0% | 2.1×+64.3% | 1.3×+85.4% | 0.7×-1.6% | 0.7×+93.1% | |
| P/B | 1.4×+5.1% | 1.4×+68.9% | 0.8×+20.6% | 0.7×-4.7% | 0.7×+8.1% | |
| P/FCF | — | — | — | 140.9×-37.5% | 225.4×+2260.9% | |
| Earnings yield | 4.8%-37.5% | 7.6%-52.8% | 16.2%+12.5% | 14.4%-9.4% | 15.9%-18.4% | |
| FCF yield | — | — | — | 0.71%+60.0% | 0.44%-95.8% | |
| Dividend yield | 2.8%-2.3% | 2.8%-55.3% | 6.3%-16.5% | 7.6%+4.0% | 7.3%-12.5% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: MDU’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all MDU filings on SEC EDGAR → Not investment advice.