| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 372.92 | 37.8% | 7.0% |
| Total Income | 372.92 | 37.8% | 7.0% |
| Expenditure | 324.98 | 32.8% | 2.1% |
| PBT | 22.62 | 73.6% | 52.5% |
| Net Profit | 21.24 | 73.7% | 54.1% |
| OPM | 12.86% | 6.45pp | 4.16pp |
| NPM | 5.70% | 7.79pp | 1.74pp |
| EPS | 0.10 | 74.4% | 42.9% |
MDU Resources Reports Q2 2026 Results; Advances Infrastructure Growth Opportunities
06 Aug 2026 · 6 Aug, 6:12 pm
Summary
MDU Resources Group, Inc. announced solid second quarter 2026 results, with consolidated net income rising 55.5% year-over-year to $21.3 million and diluted earnings per share increasing 42.9% to $0.10. The company reaffirmed its full-year 2026 earnings per share guidance of $0.93 to $1.00. Key drivers included strong performance in the Electric Utility Segment, benefiting from new rates and customer growth, and an improved seasonal loss in the Natural Gas Distribution Segment. Significant progress was also noted on the proposed Bakken East Pipeline Project, which has secured substantial transportation capacity commitments.
Key Highlights
- 1
Consolidated net income for the second quarter of 2026 was $21.3 million, a 55.5% increase from the same quarter last year.
- 2
Earnings per share (diluted) for Q2 2026 were $0.10, up 42.9% year-over-year.
- 3
The company reaffirmed its 2026 guidance, expecting earnings per share in the range of $0.93 to $1.00.
- 4
Retail sales volumes in the Electric Utility Segment increased by 8.2% year-over-year.
- 5
The Natural Gas Distribution Segment reported a seasonal second quarter loss of $3.9 million, an improvement from a $7.4 million loss in the prior-year period.
- 6
The proposed Bakken East Pipeline Project has secured executed agreements for nearly 1.2 billion cubic feet per day of firm natural gas transportation capacity.
- 7
Total capital expenditures are estimated at $3.077 billion for 2026-2030, excluding the potential Bakken East Pipeline project.
Management Comments
Nicole A. Kivisto
We delivered solid second quarter results while continuing to position the company for long-term growth. Our utility businesses benefited from new rates, customer growth and investments such as Badger Wind Farm, while our pipeline business continued advancing strategic projects that have the potential to create meaningful value over time. We are especially encouraged by the continued advancement of our proposed Bakken East Pipeline Project. We believe our progress with customer commitments demonstrates the project's strategic value. We also remain encouraged by development activity across our service territory, including data center opportunities and growing infrastructure demand. Our employees continue to demonstrate a commitment to safety, reliability, operational excellence and customer service. Their efforts are helping us navigate a dynamic operating environment while advancing important infrastructure investments that support customers and communities.
Informational and educational content only. Not investment advice.