InsiderClue
Stocks · Energy · Natural Gas Distribution

MDU RESOURCES GROUP INC

MDU Clue Score38
United States Fiscal year ends December CIK 0000067716
$18.74 -0.37% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $18.74 −38.01% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue4,128.8Operating income408.9Net income−67.3EPS, diluted0.33Fiscal year 2017Revenue4,443.4 +7.6%Operating income424.0Net income281.2EPS, diluted1.43 +333.3%Fiscal year 2018Revenue4,531.6 +2.0%Operating income401.7Net income272.3 −3.2%EPS, diluted1.39 −2.8%Fiscal year 2019Revenue5,336.8 +17.8%Operating income481.2Net income335.5 +23.2%EPS, diluted1.69 +21.6%Fiscal year 2020Revenue5,532.8 +3.7%Operating income544.9Net income390.2 +16.3%EPS, diluted1.95 +15.4%Fiscal year 2021Revenue3,402.2 −38.5%Operating income331.1Net income378.1 −3.1%EPS, diluted1.87 −4.1%Fiscal year 2022Revenue1,754.2 −48.4%Operating income200.9Net income367.5 −2.8%EPS, diluted1.81 −3.2%Fiscal year 2023Revenue1,805.8 +2.9%Operating income224.9Net income414.7 +12.8%EPS, diluted2.03 +12.2%Fiscal year 2024Revenue1,753.0 −2.9%Operating income265.6Net income281.1 −32.2%EPS, diluted1.37 −32.5%Fiscal year 2025Revenue1,862.9 +6.3%Operating income290.4Net income190.4 −32.3%EPS, diluted0.93 −32.1%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 4,128.8 4,443.4 4,531.6 5,336.8 5,532.8 3,402.2 1,754.2 1,805.8 1,753.0 1,862.9
Growth +7.6% +2.0% +17.8% +3.7% −38.5% −48.4% +2.9% −2.9% +6.3%
Operating income 408.9 424.0 401.7 481.2 544.9 331.1 200.9 224.9 265.6 290.4
Net income −67.3 281.2 272.3 335.5 390.2 378.1 367.5 414.7 281.1 190.4
Growth −3.2% +23.2% +16.3% −3.1% −2.8% +12.8% −32.2% −32.3%
EPS, diluted 0.33 1.43 1.39 1.69 1.95 1.87 1.81 2.03 1.37 0.93
Growth +333.3% −2.8% +21.6% +15.4% −4.1% −3.2% +12.2% −32.5% −32.1%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin9.9%Net margin−1.6%Free cash flow margin1.8%Fiscal year 2017Operating margin9.5%Net margin6.3%Free cash flow margin2.4%Fiscal year 2018Operating margin8.9%Net margin6.0%Free cash flow margin−1.5%Fiscal year 2019Operating margin9.0%Net margin6.3%Free cash flow margin−0.6%Fiscal year 2020Operating margin9.8%Net margin7.1%Free cash flow margin3.8%Fiscal year 2021Operating margin9.7%Net margin11.1%Free cash flow margin0.3%Fiscal year 2022Operating margin11.5%Net margin20.9%Free cash flow margin3.8%Fiscal year 2023Operating margin12.5%Net margin23.0%Free cash flow margin−8.4%Fiscal year 2024Operating margin15.2%Net margin16.0%Free cash flow margin−1.2%Fiscal year 2025Operating margin15.6%Net margin10.2%Free cash flow margin−15.9%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 9.9% 9.5% 8.9% 9.0% 9.8% 9.7% 11.5% 12.5% 15.2% 15.6%
Net margin −1.6% 6.3% 6.0% 6.3% 7.1% 11.1% 20.9% 23.0% 16.0% 10.2%
Free cash flow margin 1.8% 2.4% −1.5% −0.6% 3.8% 0.3% 3.8% −8.4% −1.2% −15.9%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow462.2Capital expenditure−388.2Free cash flow74.0Buybacks0.0Dividends paid−147.2Fiscal year 2017Operating cash flow448.0Capital expenditure−341.4Free cash flow106.6 +44.0%Buybacks−1.7Dividends paid−150.7Fiscal year 2018Operating cash flow499.9Capital expenditure−568.2Free cash flow−68.3 −164.1%Buybacks−5.0Dividends paid−154.6Fiscal year 2019Operating cash flow542.3Capital expenditure−576.1Free cash flow−33.8Buybacks0.0Dividends paid−160.3Fiscal year 2020Operating cash flow768.4Capital expenditure−558.0Free cash flow210.4Buybacks0.0Dividends paid−166.4Fiscal year 2021Operating cash flow495.8Capital expenditure−485.2Free cash flow10.6 −95.0%Buybacks−6.7Dividends paid−171.4Fiscal year 2022Operating cash flow510.1Capital expenditure−442.6Free cash flow67.5 +537.8%Buybacks−7.4Dividends paid−176.9Fiscal year 2023Operating cash flow332.6Capital expenditure−484.1Free cash flow−151.5 −324.5%Buybacks−4.8Dividends paid−161.3Fiscal year 2024Operating cash flow502.3Capital expenditure−522.8Free cash flow−20.5Buybacks0.0Dividends paid−102.9Fiscal year 2025Operating cash flow473.4Capital expenditure−770.4Free cash flow−297.0Buybacks0.0Dividends paid−108.2
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 462.2 448.0 499.9 542.3 768.4 495.8 510.1 332.6 502.3 473.4
Capital expenditure −388.2 −341.4 −568.2 −576.1 −558.0 −485.2 −442.6 −484.1 −522.8 −770.4
Free cash flow 74.0 106.6 −68.3 −33.8 210.4 10.6 67.5 −151.5 −20.5 −297.0
Growth +44.0% −164.1% −95.0% +537.8% −324.5%
Buybacks 0.0 −1.7 −5.0 0.0 0.0 −6.7 −7.4 −4.8 0.0 0.0
Dividends paid −147.2 −150.7 −154.6 −160.3 −166.4 −171.4 −176.9 −161.3 −102.9 −108.2

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash46.1Total debt1,790.2Net cash (debt)−1,744.1Shareholders’ equity2,316.2Debt to equity0.77Fiscal year 2017Cash34.6Total debt1,714.9Net cash (debt)−1,680.3Shareholders’ equity2,429.0Debt to equity0.71Fiscal year 2018Cash53.9Total debt2,108.7Net cash (debt)−2,054.7Shareholders’ equity2,566.8Debt to equity0.82Fiscal year 2019Cash66.5Total debt2,243.1Net cash (debt)−2,176.6Shareholders’ equity2,847.2Debt to equity0.79Fiscal year 2020Cash59.5Total debt2,213.1Net cash (debt)−2,153.6Shareholders’ equity3,079.1Debt to equity0.72Fiscal year 2021Cash54.2Total debt2,741.9Net cash (debt)−2,687.7Shareholders’ equity3,382.9Debt to equity0.81Fiscal year 2022Cash70.4Total debt2,365.7Net cash (debt)−2,295.2Shareholders’ equity3,587.1Debt to equity0.66Fiscal year 2023Cash60.5Total debt2,166.2Net cash (debt)−2,105.8Shareholders’ equity2,905.2Debt to equity0.75Fiscal year 2024Cash66.9Total debt2,292.6Net cash (debt)−2,225.7Shareholders’ equity2,690.6Debt to equity0.85Fiscal year 2025Cash28.2Total debt2,676.9Net cash (debt)−2,648.6Shareholders’ equity2,772.9Debt to equity0.97
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 46.1 34.6 53.9 66.5 59.5 54.2 70.4 60.5 66.9 28.2
Total debt 1,790.2 1,714.9 2,108.7 2,243.1 2,213.1 2,741.9 2,365.7 2,166.2 2,292.6 2,676.9
Net cash (debt) −1,744.1 −1,680.3 −2,054.7 −2,176.6 −2,153.6 −2,687.7 −2,295.2 −2,105.8 −2,225.7 −2,648.6
Shareholders’ equity 2,316.2 2,429.0 2,566.8 2,847.2 3,079.1 3,382.9 3,587.1 2,905.2 2,690.6 2,772.9
Debt to equity 0.77 0.71 0.82 0.79 0.72 0.81 0.66 0.75 0.85 0.97

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
4,128.8 4,443.4 4,531.6 5,336.8 5,532.8 3,402.2 1,754.2 1,805.8 1,753.0 1,862.9
Growth +7.6% +2.0% +17.8% +3.7% −38.5% −48.4% +2.9% −2.9% +6.3%
2,893.5 3,135.5 3,256.1 3,895.3 4,028.3 2,209.9 380.0 407.1 414.5 433.0
408.9 424.0 401.7 481.2 544.9 331.1 200.9 224.9 265.6 290.4
Growth +3.7% −5.3% +19.8% +13.2% −39.2% −39.3% +12.0% +18.1% +9.3%
326.2 350.0 316.9 398.4 475.1 286.1 123.4 340.3 198.7 211.0
93.1 65.0 47.5 63.3 84.6 43.5 6.2 10.2 17.6 19.6
−67.3 281.2 272.3 335.5 390.2 378.1 367.5 414.7 281.1 190.4
Growth −3.2% +23.2% +16.3% −3.1% −2.8% +12.8% −32.2% −32.3%
Per share
0.33 1.44 1.39 1.69 1.95 1.87 1.81 2.04 1.38 0.93
0.33 1.43 1.39 1.69 1.95 1.87 1.81 2.03 1.37 0.93
Growth +333.3% −2.8% +21.6% +15.4% −4.1% −3.2% +12.2% −32.5% −32.1%
195.3 195.3 195.7 198.6 200.5 202.1 203.4 203.6 203.9 204.3
195.6 195.7 196.2 198.6 200.6 202.4 203.5 203.9 204.7 205.3
Growth +0.0% +0.2% +1.3% +1.0% +0.9% +0.5% +0.2% +0.4% +0.3%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue shrank 19.6% a year over five years, and earnings per share fell 13.8% a year.
  • The diluted share count rose 2.4% in five years, which is dilution.
  • Operating margin is up 5.7 points on five years ago, at 15.6%.
  • A net loss in 1 of 10 years on file.