Quarterly ResultMay 7, 2026, 08:38 AM
MDU Resources Q1 Net Income $80.8M, EPS $0.39; Bakken Pipeline Update
AI Summary
MDU Resources Group reported first-quarter 2026 consolidated net income of $80.8 million and diluted earnings per share of $0.39. The results were unfavorably impacted by milder weather, reducing EPS by approximately $0.03, but the company affirmed its 2026 EPS guidance of $0.93 to $1.00. Additionally, the proposed Bakken East Pipeline Project saw strong open season interest, with 1.4 billion cubic feet per day submitted and 40% signed under precedent agreements, leading to a projected capital investment of $2.7 billion to $3.2 billion.
Key Highlights
- Consolidated net income was $80.8 million, down from $82.0 million in Q1 2025.
- Diluted earnings per share were $0.39, compared to $0.40 in Q1 2025.
- Milder weather unfavorably impacted results by approximately $0.03 per share.
- 2026 EPS guidance was affirmed in the range of $0.93 to $1.00.
- Proposed Bakken East Pipeline Project received 1.4 billion cubic feet per day of interest, with 40% signed.
- Projected capital investment for the Bakken East Pipeline is $2.7 billion to $3.2 billion.
- Electric Utility segment net income was $14.5 million, down from $15.0 million in Q1 2025.
- Natural Gas Distribution segment net income was $44.2 million, down from $44.7 million in Q1 2025.