MDU RESOURCES GROUP INCMDUEarnings & Financial Report
MDU Resources Group, Inc. is a U.S.-based corporation supplying products and services to regulated energy delivery and utilities related construction materials and services businesses. It is headquartered in Bismarck, North Dakota, and operates in 48 states.
Revenue
$343.1M
Gross Profit
N/A
Operating Profit
$39.6M
Net Profit
$60.4M
Gross Margin
N/A
Operating Margin
11.5%
Net Margin
17.6%
YoY Growth
-68.2%
EPS
$0.30
MDU RESOURCES GROUP INC Q2 FY2024 Financial Summary
MDU RESOURCES GROUP INC reported revenue of $343.1M (down 68.2% YoY) for Q2 FY2024, with a net profit of $60.4M (down 53.8% YoY) (17.6% margin).
Key Financial Metrics
| Total Revenue | $343.1M |
|---|---|
| Net Profit | $60.4M |
| Gross Margin | N/A |
| Operating Margin | 11.5% |
| Report Period | Q2 FY2024 |
Revenue Breakdown
MDU RESOURCES GROUP INC Q2 FY2024 revenue of $343.1M breaks down across 8 segments, led by Outside Specialty Contracting at $190.9M (55.6% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Outside Specialty Contracting | $190.9M | 55.6% |
| Pipelineand Midstream | $43.8M | 12.8% |
| Commercial Utility Sales | $41.6M | 12.1% |
| Residential Utility Sales | $31.4M | 9.2% |
| Natural Gas Transportation | $13.3M | 3.9% |
| Industrial Utility Sales | $11.8M | 3.4% |
| Natural Gas Storage | $5.3M | 1.6% |
| Other Utility Sales | $2.1M | 0.6% |
MDU RESOURCES GROUP INC Revenue by Segment — Quarterly Trend
MDU RESOURCES GROUP INC revenue by segment across the last 4 reported quarters, showing how each business line (such as Outside Specialty Contracting and Pipelineand Midstream) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Pipelineand Midstream | $31.1M | $53.1M | $46.5M | $23.3M |
| Commercial Utility Sales | $42.7M | $52.5M | $43.4M | $48.5M |
| Residential Utility Sales | $33.7M | $35.7M | — | $39.7M |
| Natural Gas Transportation | $17.2M | $16.3M | $15.8M | $17.7M |
MDU RESOURCES GROUP INC Annual Revenue by Year
MDU RESOURCES GROUP INC annual revenue history includes year-by-year totals (for example, 2025 revenue was $1.9B).
| Year | Annual Revenue |
|---|---|
| 2025 | $1.9B |
| 2024 | $1.8B |
| 2023 | $1.8B |
| 2022 | $1.7B |
MDU RESOURCES GROUP INC Quarterly Revenue & Net Profit History
MDU RESOURCES GROUP INC results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $522.6M | -1.6% | $76.3M | 14.6% |
| Q3 FY2025 | $313.6M | +7.9% | $18.3M | 5.8% |
| Q2 FY2025 | $348.7M | +1.6% | $13.8M | 4.0% |
| Q1 FY2025 | $678.0M | +15.3% | $82.0M | 12.1% |
| Q4 FY2024 | $531.0M | +131.5% | $55.2M | 10.4% |
| Q3 FY2024 | $290.7M | -70.7% | $64.6M | 22.2% |
| Q2 FY2024 | $343.1M | -68.2% | $60.4M | 17.6% |
| Q1 FY2024 | $588.2M | -58.7% | $100.9M | 17.2% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $588.2M | $343.1M | $290.7M | $531.0M | $678.0M | $348.7M | $313.6M | $522.6M |
| YoY Growth | -58.7% | -68.2% | -70.7% | 131.5% | 15.3% | 1.6% | 7.9% | -1.6% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $7.84B | $7.96B | $8.17B | $7.04B | $6.96B | $6.95B | $7.19B | $7.62B |
| Liabilities | $4.86B | $4.94B | $5.11B | $4.35B | $4.22B | $4.21B | $4.46B | $4.85B |
| Equity | $2.98B | $3.02B | $3.06B | $2.69B | $2.74B | $2.73B | $2.72B | $2.77B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $165.1M | $136.5M | $140.2M | $60.5M | $217.5M | $117.4M | $57.9M | $80.6M |