Quarterly ResultAug 6, 2026, 04:34 PM
MDU Resources Q2 Net Income $21.2M, EPS $0.10; Revenue $375.3M
AI Summary
MDU Resources Group Inc. reported a strong second quarter with net income rising to $21.2 million, or $0.10 per basic share, compared to $13.8 million, or $0.07 per basic share, in the prior year. Operating revenues for the quarter increased to $375.3 million. The company also increased its quarterly dividend to $0.14 per share and continued capital actions, including issuing shares through its ATM program and settling equity forward sale agreements.
Key Highlights
- Q2 Net Income: $21.2 million, up from $13.8 million in Q2 2025.
- Q2 Basic Earnings Per Share: $0.10, an increase from $0.07 in Q2 2025.
- Q2 Operating Revenues: $375.3 million, up from $351.2 million in Q2 2025.
- Q2 Income from Continuing Operations: $19.3 million, up from $14.2 million in Q2 2025.
- Quarterly Dividend: $0.14 per common share, an increase from $0.13 in Q2 2025.
- Issued 1.34 million common shares for $29.6 million net proceeds via ATM program.
- Partially settled equity forward sale agreements, receiving $81.3 million cash.
- Total assets increased to $7.71 billion as of June 30, 2026, from $6.95 billion YoY.
Price Impact
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