MDU Stock Analysis: MDU Resources | NYSE
Utilities - Regulated Gas | NYSE, USA | Market Cap: 3.898m USD | 12M Return: -7.1% | US5526901096 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 31.7M
EPS Trend: -84.9%
Qual. Beats: 0
Rev. Trend: -80.2%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
MDU Resources Group, Inc. is a U.S.-based regulated energy delivery company operating through three segments: Electric, Natural Gas Distribution, and Pipeline. The Electric segment generates, transmits, and distributes electricity across Montana, North Dakota, South Dakota, and Wyoming, supported by thousands of miles of transmission and distribution lines and hundreds of substations. The Natural Gas Distribution segment serves eight states in the Pacific Northwest, upper Midwest, and northern Great Plains, distributing gas through roughly 22,000 miles of distribution mains. The Pipeline segment provides regulated natural gas transportation and underground storage services across the Rocky Mountain and northern Great Plains regions, alongside a small non-regulated cathodic protection business. The company was incorporated in 1924 and is headquartered in Bismarck, North Dakota, and is classified within the Gas Utilities sub-industry of the Utilities sector. As a multi-jurisdictional regulated utility, MDU earns returns on approved rate bases set by state and federal regulators, and its heavy concentration in sparsely populated northern states means customer density and growth rates are generally lower than those of urban-focused peers.
- Montana rate case decision supports electric segment returns
- Natural gas distribution customer growth accelerates in Pacific Northwest
- Capital expenditure program pressures equity issuance and dilution
| Net Income: 192.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.04 > 0.02 and ΔFCF/TA -3.32 > 1.0 |
| NWC/Revenue: -3.62% < 20% (prev -8.80%; Δ 5.18% < -1%) |
| CFO/TA 0.07 > 3% & CFO 577.4m > Net Income 192.3m |
| Net Debt (2.66b) to EBITDA (551.5m): 4.82 < 3 |
| Current Ratio: 0.88 > 1.5 & < 3 |
| Outstanding Shares: last quarter (212.7m) vs 12m ago 3.60% < -2% |
| Gross Margin: 41.40% > 18% (prev 31.85%; Δ 9.56% > 0.5%) |
| Asset Turnover: 24.76% > 50% (prev 26.12%; Δ -1.35% > 0%) |
| Interest Coverage Ratio: 2.66 > 6 (EBIT TTM 335.0m / Interest Expense TTM 125.9m) |
| A: -0.01 (Total Current Assets 510.9m - Total Current Liabilities 578.3m) / Total Assets 7.86b |
| B: 0.14 (Retained Earnings 1.14b / Total Assets 7.86b) |
| C: 0.04 (EBIT TTM 335.0m / Avg Total Assets 7.52b) |
| D: 0.61 (Book Value of Equity 2.97b / Total Liabilities 4.89b) |
| Altman-Z'' = 1.35 = BB |
| DSRI: 1.13 (Receivables 148.0m/132.2m, Revenue 1.86b/1.88b) |
| GMI: 0.77 (GM 31.85% / 41.40%) |
| AQI: 0.99 (AQ_t 0.15 / AQ_t-1 0.15) |
| SGI: 0.99 (Revenue 1.86b / 1.88b) |
| TATA: -0.05 (NI 192.3m - CFO 577.4m) / TA 7.86b) |
| Beneish M = -3.15 (Cap -4..+1) = AA |
As of November 07, 2026, the stock is trading at USD 18.63 with a total of 3,246,718 shares traded. Over the past week, the price has changed by -5.53%, over one month by -1.69%, over three months by -9.59% and over the past year by -7.09%.
Current recommended Stop Loss: 17.90 (which is 3.9% or 1.8 ATR below the current price).
MDU Resources has received a consensus analysts rating of 4.22. Therefore, it is recommended to buy MDU.
- StrongBuy: 5
- Buy: 1
- Hold: 3
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 23 | 23.5% |
P/E Trailing = 19.7128
P/E Forward = 18.5185
P/S = 2.1296
P/B = 1.4244
P/EG = 2.3601
Revenue TTM = 1.86b USD
EBIT TTM = 335.0m USD
EBITDA TTM = 551.5m USD
Long Term Debt = 2.53b USD (from longTermDebt, last fiscal year)
Short Term Debt = 24.7m USD (from shortTermDebt, last quarter)
Debt = 2.69b USD (from shortLongTermDebtTotal, last quarter) + Leases 90.7m
Net Debt = 2.66b USD (calculated: Debt 2.69b - CCE 27.6m)
Enterprise Value = 6.56b USD (3.90b + Debt 2.69b - CCE 27.6m)
Interest Coverage Ratio = 2.66 (Ebit TTM 335.0m / Interest Expense TTM 125.9m)
EV/FCF = -22.98x (Enterprise Value 6.56b / FCF TTM -285.3m)
FCF Yield = -4.35% (FCF TTM -285.3m / Enterprise Value 6.56b)
FCF Margin = -15.31% (FCF TTM -285.3m / Revenue TTM 1.86b)
Net Margin = 10.32% (Net Income TTM 192.3m / Revenue TTM 1.86b)
Gross Margin = 41.40% ((Revenue TTM 1.86b - Cost of Revenue TTM 1.09b) / Revenue TTM)
Gross Margin QoQ = 69.18% (prev 64.77%)
Tobins Q-Ratio = 0.83 (Enterprise Value 6.56b / Total Assets 7.86b)
Interest Expense / Debt = 4.69% (Interest Expense 125.9m / Debt 2.69b)
Taxrate = 8.81% (18.4m / 209.0m)
NOPAT = 305.4m (EBIT 335.0m * (1 - 8.81%))
Current Ratio = 0.88 (Total Current Assets 510.9m / Total Current Liabilities 578.3m)
Debt / Equity = 0.90 (Debt 2.69b / totalStockholderEquity, last quarter 2.97b)
Debt / EBITDA = 4.82 (Net Debt 2.66b / EBITDA 551.5m)
Debt / FCF = -9.32 (negative FCF - burning cash) (Net Debt 2.66b / FCF TTM -285.3m)
Total Stockholder Equity = 2.89b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.56% (Net Income 192.3m / Total Assets 7.86b)
RoE = 6.65% (Net Income TTM 192.3m / Total Stockholder Equity 2.89b)
RoCE = 6.17% (EBIT 335.0m / Capital Employed (Equity 2.89b + L.T.Debt 2.53b))
RoIC = 4.20% (NOPAT 305.4m / Invested Capital 7.28b)
WACC = 5.75% (E(3.90b)/V(6.58b) * Re(6.77%) + D(2.69b)/V(6.58b) * Rd(4.69%) * (1-Tc(0.09)))
Discount Rate = 6.77% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 82.85 | Cagr: 1.74%
[DCF] Fair Price = unknown (Cash Flow -285.3m)
EPS Correlation: -84.94 | EPS CAGR: -20.89% | SUE: -0.40 | # QB: 0
Revenue Correlation: -80.22 | Revenue CAGR: -25.81% | SUE: 0.00 | # QB: 0
EPS current Quarter (2027-03-31): EPS=0.44 | Chg30d=+1.13% | Revisions=+0% | Analysts=3
EPS current Year (2026-12-31): EPS=0.98 | Chg30d=-0.01% | Revisions=+17% | GrowthEPS=+5.3% | GrowthRev=+6.2%
EPS next Year (2027-12-31): EPS=1.06 | Chg30d=-0.02% | Revisions=+40% | GrowthEPS=+8.3% | GrowthRev=+7.0%
[Analyst] Revisions Ratio: +30% (up=5, down=2)