MDU RESOURCES GROUP INC

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.

MDU Resources Group reported strong second-quarter 2026 financial results, with consolidated net income increasing 55.5% to $21.3 million and diluted earnings per share rising 42.9% to $0.10. The company reaffirmed its 2026 EPS guidance of $0.93 to $1.00. Strategic initiatives, including the proposed Bakken East Pipeline Project, are advancing with significant customer commitments secured, while utility businesses benefited from new rates, customer growth, and investments.

MDU Resources Group, Inc. stockholders approved the Long-Term Performance-Based Incentive Plan (LTIP) at the Annual Meeting, increasing the shares available for issuance by 6,564,000 to a total of 15,806,806. The Board also adopted an updated "Leading With Integrity Policy" to revise provisions on AI, confidential information, and regulatory compliance. Additionally, stockholders re-elected all eight director nominees, approved executive compensation on an advisory basis, and ratified Deloitte & Touche LLP as the independent auditor for fiscal year 2026.

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.

MDU Resources Group reported first-quarter 2026 consolidated net income of $80.8 million and diluted earnings per share of $0.39. The results were unfavorably impacted by milder weather, reducing EPS by approximately $0.03, but the company affirmed its 2026 EPS guidance of $0.93 to $1.00. Additionally, the proposed Bakken East Pipeline Project saw strong open season interest, with 1.4 billion cubic feet per day submitted and 40% signed under precedent agreements, leading to a projected capital investment of $2.7 billion to $3.2 billion.