(MDU) MDU Resources - Overview
Sector: Utilities | Industry: Utilities - Regulated Gas | Exchange: NYSE (USA) | Market Cap: 4.632m USD | Total Return: 32.9% in 12m
Avg Turnover: 36.0M
EPS Trend: -82.6%
Qual. Beats: 0
Rev. Trend: -91.8%
Qual. Beats: 0
Warnings
High Debt while negative Cash Flow
Altman Z'' 0.94 < 1.0 - financial distress zone
Below Avwap Earnings
Tailwinds
No distinct edge detected
MDU Resources Group, Inc. is a regulated energy delivery company headquartered in Bismarck, North Dakota, providing electric and natural gas services across the Rocky Mountain and northern Great Plains regions. The company operates through three primary segments: Electric, Natural Gas Distribution, and Pipeline, maintaining extensive infrastructure including thousands of miles of transmission and distribution lines.
As a regulated utility, MDU operates under a cost-of-service model where rates are set by state and federal commissions, providing a predictable revenue stream tied to capital investment and infrastructure maintenance. This sector is characterized by high barriers to entry and geographic monopolies, as the physical delivery systems for electricity and gas are capital-intensive to build and maintain.
The company’s pipeline segment manages underground storage and transportation services, connecting regional supply basins to end-users. For a deeper look at the fundamental metrics driving these operations, consider reviewing the latest valuation data on ValueRay.
MDU Resources has been in operation since 1924, focusing its utility footprint on eight states, including Montana, North Dakota, and Washington. Its business model is supported by a mix of residential, commercial, and industrial customers, balancing seasonal demand fluctuations across its service territories.
- Rate case outcomes and regulatory approvals drive utility segment return on equity
- Residential and industrial natural gas demand fluctuates with northern Great Plains weather
- Infrastructure spending in the Bakken region accelerates pipeline and transmission revenue
- Interest rate shifts impact capital intensive utility construction and debt financing costs
- Transition to pure-play utility model follows strategic spin-off of construction materials business
| Net Income: 189.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.05 > 0.02 and ΔFCF/TA -5.83 > 1.0 |
| NWC/Revenue: -8.79% < 20% (prev -5.04%; Δ -3.75% < -1%) |
| CFO/TA 0.05 > 3% & CFO 405.1m > Net Income 189.3m |
| Net Debt (2.63b) to EBITDA (526.2m): 5.00 < 3 |
| Current Ratio: 0.78 > 1.5 & < 3 |
| Outstanding Shares: last quarter (207.0m) vs 12m ago 1.00% < -2% |
| Gross Margin: 28.16% > 18% (prev 0.32%; Δ 2.78k% > 0.5%) |
| Asset Turnover: 24.67% > 50% (prev 26.50%; Δ -1.83% > 0%) |
| Interest Coverage Ratio: 2.79 > 6 (EBITDA TTM 526.2m / Interest Expense TTM 113.6m) |
| A: -0.02 (Total Current Assets 559.5m - Total Current Liabilities 718.3m) / Total Assets 7.68b |
| B: 0.15 (Retained Earnings 1.16b / Total Assets 7.68b) |
| C: 0.04 (EBIT TTM 316.6m / Avg Total Assets 7.32b) |
| D: 0.28 (Book Value of Equity 1.35b / Total Liabilities 4.78b) |
| Altman-Z'' = 0.94 = BB |
| DSRI: 0.85 (Receivables 223.0m/269.2m, Revenue 1.81b/1.84b) |
| GMI: 1.14 (GM 28.16% / 32.12%) |
| AQI: -1.04 (AQ_t -0.16 / AQ_t-1 0.15) |
| SGI: 0.98 (Revenue 1.81b / 1.84b) |
| TATA: -0.03 (NI 189.3m - CFO 405.1m) / TA 7.68b) |
| Beneish M = -4.28 (Cap -4..+1) = AAA |
As of May 25, 2026, the stock is trading at USD 21.83 with a total of 6,140,718 shares traded.
Over the past week, the price has changed by +0.09%,
over one month by +1.70%,
over three months by +9.90% and
over the past year by +32.86%.
MDU Resources has received a consensus analysts rating of 4.20. Therefore, it is recommended to buy MDU.
- StrongBuy: 3
- Buy: 0
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 23.3 | 6.7% |
P/E Forward = 22.1729
P/S = 2.5642
P/B = 1.5713
P/EG = 2.8054
Revenue TTM = 1.81b USD
EBIT TTM = 316.6m USD
EBITDA TTM = 526.2m USD
Long Term Debt = 2.38b USD (from longTermDebt, last quarter)
Short Term Debt = 214.7m USD (from shortTermDebt, last quarter)
Debt = 2.69b USD (from shortLongTermDebtTotal, last quarter) + Leases 90.7m
Net Debt = 2.63b USD (calculated: Debt 2.69b - CCE 53.3m)
Enterprise Value = 7.26b USD (4.63b + Debt 2.69b - CCE 53.3m)
Interest Coverage Ratio = 2.79 (Ebit TTM 316.6m / Interest Expense TTM 113.6m)
EV/FCF = -18.81x (Enterprise Value 7.26b / FCF TTM -386.2m)
FCF Yield = -5.32% (FCF TTM -386.2m / Enterprise Value 7.26b)
FCF Margin = -21.38% (FCF TTM -386.2m / Revenue TTM 1.81b)
Net Margin = 10.48% (Net Income TTM 189.3m / Revenue TTM 1.81b)
Gross Margin = 28.16% ((Revenue TTM 1.81b - Cost of Revenue TTM 1.30b) / Revenue TTM)
Gross Margin QoQ = 25.0% (prev 25.51%)
Tobins Q-Ratio = 0.95 (Enterprise Value 7.26b / Total Assets 7.68b)
Interest Expense / Debt = 4.23% (Interest Expense 113.6m / Debt 2.69b)
Taxrate = 5.49% (4.70m / 85.6m)
NOPAT = 299.2m (EBIT 316.6m * (1 - 5.49%))
Current Ratio = 0.78 (Total Current Assets 559.5m / Total Current Liabilities 718.3m)
Debt / Equity = 0.93 (Debt 2.69b / totalStockholderEquity, last quarter 2.90b)
Debt / EBITDA = 5.00 (Net Debt 2.63b / EBITDA 526.2m)
Debt / FCF = -6.82 (negative FCF - burning cash) (Net Debt 2.63b / FCF TTM -386.2m)
Total Stockholder Equity = 2.78b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.58% (Net Income 189.3m / Total Assets 7.68b)
RoE = 6.80% (Net Income TTM 189.3m / Total Stockholder Equity 2.78b)
RoCE = 6.13% (EBIT 316.6m / Capital Employed (Equity 2.78b + L.T.Debt 2.38b))
RoIC = 4.20% (NOPAT 299.2m / Invested Capital 7.13b)
WACC = 6.08% (E(4.63b)/V(7.32b) * Re(7.29%) + D(2.69b)/V(7.32b) * Rd(4.23%) * (1-Tc(0.05)))
Discount Rate = 7.29% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 95.56 | Cagr: 0.63%
[DCF] Fair Price = unknown (Cash Flow -386.2m)
EPS Correlation: -82.56 | EPS CAGR: -20.52% | SUE: -0.17 | # QB: 0
Revenue Correlation: -91.77 | Revenue CAGR: -37.23% | SUE: -0.10 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.09 | Chg30d=-2.02% | Revisions=N/A | Analysts=5
EPS next Quarter (2026-09-30): EPS=0.12 | Chg30d=+0.17% | Revisions=N/A | Analysts=5
EPS current Year (2026-12-31): EPS=0.97 | Chg30d=-0.32% | Revisions=N/A | GrowthEPS=+4.3% | GrowthRev=+7.3%
EPS next Year (2027-12-31): EPS=1.05 | Chg30d=-1.00% | Revisions=-20% | GrowthEPS=+8.1% | GrowthRev=+5.5%
[Analyst] Revisions Ratio: -20%