Quarterly ResultMay 7, 2026, 05:17 PM
MDU Resources Q1 Revenue $606M; EPS $0.39; Dividend $0.14
AI Summary
MDU Resources Group reported Q1 2026 operating revenues of $605.98 million, a 10.2% decrease from the prior year, with net income falling 1.4% to $80.82 million and basic EPS at $0.39. Despite the revenue decline, operating income increased by 2.5%. The company also partially settled equity forward sale agreements, delivering 4.3 million shares for $81.3 million in cash.
Key Highlights
- Operating revenues decreased 10.2% to $605.98 million for Q1 2026.
- Net income for Q1 2026 was $80.82 million, down 1.4% year-over-year.
- Basic earnings per share from continuing operations was $0.39, a 2.5% decrease.
- Operating income increased 2.5% to $115.71 million in Q1 2026.
- Dividends declared per common share increased 7.7% to $0.14.
- Net cash provided by operating activities decreased 31.4% to $149.21 million.
- Electric segment revenues rose 7.8% to $121.02 million.
- Natural gas distribution revenues fell 14.3% to $462.35 million.
- Partially settled 4.3 million shares of equity forward sale agreements for $81.3 million cash.
Price Impact
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