MDU Resources Group, Inc. (MDU)

In the past six months, MDU Resources Group's stock price has fluctuated between a 52-week low of $15.04 on April 7, 2025, and a 52-week high of $21.49 on November 12, 2025. As of March 25, 2026, the closing stock price was $20.55. Key events include the Q4 and Full-Year 2025 Earnings Report where MDU Resources reported Q4 2025 EPS of $0.37, meeting expectations, but revenue of $534 million fell short of forecasts, leading to a 3% stock decline in pre-market trading. The Minot Expansion Project was placed in service, adding approximately seven million cubic feet per day of natural gas transportation capacity. The company completed a public offering of over 10 million shares of common stock at $19.70 per share. MDU completed a $264.6 million payment for a 49% ownership interest in the 250 MW Badger Wind Farm. Settlement agreements for general rate cases were approved in Idaho, Montana, and Wyoming, contributing to increased natural gas utility earnings.

Demand for MDU Resources Group's natural gas products and services exhibits seasonality, with higher demand and revenues in the first and fourth quarters due to colder months driving increased heating needs. The company's electric utility sales volumes have also seen growth due to factors like data center demand.

MDU Resources Group, Inc. is a diversified natural resources company focused on regulated energy delivery, operating in the Electric Power, Natural Gas, and Pipeline industries. The company generates, transmits, and distributes electricity, distributes natural gas, and provides natural gas transportation and underground storage services. MDU Resources Group has spun off its construction materials and construction services businesses to focus on regulated energy delivery operations.

MDU Resources Group's utility companies serve over 1.2 million customers across eight states in the Pacific Northwest and Midwest, including Montana, North Dakota, South Dakota, Wyoming, Idaho, Minnesota, Oregon, and Washington. Its pipeline segment, WBI Energy, provides natural gas transportation and underground storage services through approximately 3,800 miles of regulated pipeline systems in the Rocky Mountain and northern Great Plains regions of the United States.

MDU Resources Group's utility companies received high rankings in the J.D. Power 2024 Gas Utility Residential Customer Satisfaction Study. Intermountain Gas Company ranked first, Cascade Natural Gas Corporation second, and Montana-Dakota Utilities Co. ranked fifth within the West Midsize segment. There is no readily available information indicating significant negative events that have affected MDU Resources Group's brand reputation in the past year.

Institutional investors hold a significant majority of MDU Resources Group's stock, representing approximately 84.12%, 85.79% or 54.92% depending on the reporting date. Major institutional holders include BlackRock, Inc., Vanguard Group Inc., Barrow Hanley Mewhinney & Strauss Llc, Dimensional Fund Advisors Lp, and State Street Corp. Insider ownership has remained stable at approximately 0.77% to 0.82%.