| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 599.31 | 11.6% |
| Total Income | 599.31 | 11.6% |
| Expenditure | 483.61 | 14.4% |
| PBT | 85.63 | 5.9% |
| Net Profit | 80.82 | 1.4% |
| OPM | 19.31% | 2.66pp |
| NPM | 13.48% | 1.40pp |
| EPS | 0.39 | 2.5% |
MDU Resources Reports Q1 2026 Results; Net Income $80.8 million
07 May 2026 · 7 May, 6:07 pm
Summary
MDU Resources Group, Inc. announced its financial results for the first quarter of 2026, with a consolidated net income of $80.8 million and diluted earnings per share of $0.39. The company's results were impacted by milder weather conditions, which reduced volumes. However, rate relief and recent investments, such as the Badger Wind Farm, contributed positively to the results. The company reaffirmed its 2026 earnings per share guidance to be in the range of $0.93 to $1.00.
Key Highlights
- 1
MDU Resources reported a consolidated net income of $80.8 million and diluted earnings per share of $0.39 for the first quarter of 2026.
- 2
The company affirmed its 2026 earnings per share guidance in the range of $0.93 to $1.00.
- 3
Milder weather unfavorably impacted the first quarter results by approximately $0.03 per share.
- 4
A successful binding open season for the proposed Bakken East Pipeline Project concluded with approximately 1.4 billion cubic feet per day of submitted interest.
- 5
Approximately 40% of the total interest in the Bakken East Pipeline Project has been signed under precedent agreements.
- 6
Total capital investment for the potential Bakken East Pipeline Project is projected in the range of $2.7 billion to $3.2 billion.
- 7
The natural gas distribution segment earned $44.2 million in the first quarter of 2026, compared with $44.7 million in the first quarter of 2025.
Management Comments
Nicole A. Kivisto
We delivered a strong first quarter when accounting for the impact of warmer weather across our service territory. Milder conditions reduced volumes, and normalization mechanisms in several of our states helped offset those impacts, demonstrating the strength of our regulated businesses. At the same time, rate relief as well as recent investments such as Badger Wind Farm and our pipeline expansions contributed positive results. Additionally, we continue to see encouraging demand trends, including continued interest from data center development and strong interest in our proposed Bakken East Pipeline Project. Our ability to deliver consistent results in a dynamic energy environment speaks to the strength and operational discipline of our teams. Our employees remain focused on safety, reliability and cost-effectiveness, enabling us to deliver long-term value to our customers and stockholders.
Informational and educational content only. Not investment advice.