| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 313.63 | 10.1% | 69.9% |
| Total Income | 313.63 | 10.1% | 69.9% |
| Expenditure | 273.79 | 14.0% | 71.2% |
| PBT | 20.72 | 39.7% | 72.4% |
| Net Profit | 18.31 | 32.9% | 71.7% |
| OPM | 12.70% | 4.00pp | 3.98pp |
| NPM | 5.84% | 1.89pp | 0.37pp |
| EPS | 0.09 | 28.6% | 71.9% |
MDU Resources Announces Q3 2025 Results; Narrows Guidance
04 May 2026 · 4 May, 7:41 am
Summary
MDU Resources Group, Inc. announced its third quarter 2025 financial results, highlighting robust performance in the pipeline segment and regulatory activity in the utility segments. Income from continuing operations increased, driven by customer growth projects and rate recovery, partially offset by higher operations and maintenance expense. The company narrowed its earnings guidance for 2025 to $0.90 to $0.95 per share. Key projects such as the Line Section 32 Expansion Project and the Badger Wind Farm investment are advancing.
Key Highlights
- 1
MDU Resources' income from continuing operations increased by $2.8 million in the third quarter of 2025.
- 2
The pipeline segment experienced an 11.3% increase in earnings year-over-year.
- 3
The utility customer growth rate reached 1.5% in the third quarter.
- 4
Earnings guidance for 2025 has been narrowed to $0.90 to $0.95 per share.
- 5
The electric utility segment reported net income of $21.5 million for the third quarter of 2025.
- 6
The pipeline segment reported net income of $16.8 million in third quarter 2025, compared to $15.1 million in third quarter 2024.
- 7
Natural gas retail customer count increased 1.6% year-over-year.
Management Comments
Nicole A. Kivisto
“We continue to execute on our long-term strategy as a regulated energy delivery company, with results that demonstrate the strength of our diversified utility and pipeline portfolio,” “Our teams continue to advance key projects such as the Line Section 32 Expansion Project, our ownership interest in Badger Wind and rate case proceedings that we believe position MDU Resources for consistent, long-term value creation. We remain focused on disciplined execution and delivering safe and reliable energy to the communities we serve.”
Informational and educational content only. Not investment advice.