MDU Resources Group, Inc. engages in the regulated energy delivery, and construction materials and services businesses in the United States. The company's Electric segment generates, transmits, and distributes electricity for residential, commercial, industrial, and municipal customers in Montana, North Dakota, South Dakota, and Wyoming. Its Natural Gas Distribution segment distributes natural gas for residential, commercial, and industrial customers in Idaho, Minnesota, Montana, North Dakota, Oregon, South Dakota, Washington, and Wyoming; and offers supply related value-added services. The company's Pipeline segment provides natural gas transportation and underground storage services through a regulated pipeline system primarily in the Rocky Mountain and northern Great Plains regions; and cathodic protection and other energy-related services. Its Construction Materials and Contracting segment mines, processes, and sells construction aggregates; produces and sells asphalt mix; and supplies ready-mixed concrete. This segment is also involved in the sale of cement, liquid asphalt, finished concrete products, and other building materials and related contracting services. The company's Construction Services segment designs, constructs, and maintains electrical and communication wiring and infrastructure, fire suppression systems, and mechanical piping and services; and overhead and underground electrical distribution and transmission lines, substations, external lighting, traffic signalization, and gas pipelines, as well as engages in the utility excavation activities. This segment also manufactures and distributes transmission line construction equipment; and constructs and maintains renewable energy projects. It serves manufacturing, commercial, industrial, institutional, and government customers, as well as utilities. The company was founded in 1924 and is headquartered in Bismarck, North Dakota.
IPO Year:
Exchange: NYSE
Website: mdu.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/8/2025 | $18.00 | Hold | Jefferies |
| 11/5/2024 | $17.00 | Neutral → Buy | BofA Securities |
| 11/4/2024 | $19.00 | Hold → Buy | Siebert Williams Shank |
| 10/21/2024 | $30.00 → $31.00 | Buy → Neutral | BofA Securities |
| 5/20/2024 | $30.00 | Hold → Buy | Argus |
| 6/1/2023 | $22.00 | Underperform → Buy | BofA Securities |
| 10/24/2022 | $30.00 → $26.00 | Neutral → Underperform | BofA Securities |
| 8/5/2022 | $29.00 → $30.00 | Buy → Neutral | BofA Securities |
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SC 13D/A - MDU RESOURCES GROUP INC (0000067716) (Subject)
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SC 13D/A - MDU RESOURCES GROUP INC (0000067716) (Subject)
SC 13D/A - MDU RESOURCES GROUP INC (0000067716) (Subject)
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10-Q - MDU RESOURCES GROUP INC (0000067716) (Filer)
8-K - MDU RESOURCES GROUP INC (0000067716) (Filer)
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DEF 14A - MDU RESOURCES GROUP INC (0000067716) (Filer)
10-K - MDU RESOURCES GROUP INC (0000067716) (Filer)
8-K - MDU RESOURCES GROUP INC (0000067716) (Filer)
8-K - MDU RESOURCES GROUP INC (0000067716) (Filer)
8-K - MDU RESOURCES GROUP INC (0000067716) (Filer)
8-K - MDU RESOURCES GROUP INC (0000067716) (Filer)
10-Q - MDU RESOURCES GROUP INC (0000067716) (Filer)
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4 - MDU RESOURCES GROUP INC (0000067716) (Issuer)
4 - MDU RESOURCES GROUP INC (0000067716) (Issuer)
4 - MDU RESOURCES GROUP INC (0000067716) (Issuer)
4 - MDU RESOURCES GROUP INC (0000067716) (Issuer)
4 - MDU RESOURCES GROUP INC (0000067716) (Issuer)
4 - MDU RESOURCES GROUP INC (0000067716) (Issuer)
4 - MDU RESOURCES GROUP INC (0000067716) (Issuer)
4 - MDU RESOURCES GROUP INC (0000067716) (Issuer)
BISMARCK, N.D., Nov. 14, 2024 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE:MDU) today announced that its board of directors has elected Vernon A. Dosch as a director, effective Nov. 15, 2024. Dosch, a respected leader with more than 45 years of expertise in the electric utility and broadband industries, brings a deep commitment to community and industry advancement. "We are excited to welcome Vern to our board," said Dennis W. Johnson, chair of the board. "His dedication to industry innovation, community service, and proven ability to lead transformation initiatives in the
NEW YORK, Oct. 29, 2024 /PRNewswire/ -- Everus Construction Group Inc. (NYSE:ECG) will be added to the S&P SmallCap 600 effective prior to the opening of trading on Friday, November 1, replacing Clearwater Paper Corp. (NYSE:CLW), which will be removed from the S&P SmallCap 600 effective prior to the opening of trading on Monday, November 4. S&P SmallCap 600 constituent MDU Resources Group Inc. (NYSE:MDU) is spinning off Everus Construction Group in a transaction expected to be completed on November 1. Following the spin-off, the parent company MDU Resources Group will remain in the S&P SmallCap 600 but will change its Global Industry Classification Standard (GICS) sector from Industrials to
NEW YORK, Oct. 7, 2024 /PRNewswire/ -- DocuSign Inc. (NASD:DOCU) will replace MDU Resources Group Inc. (NYSE:MDU) in the S&P MidCap 400, and MDU Resources Group will replace Chuy's Holdings Inc. (NASD:CHUY) in the S&P SmallCap 600 effective prior to the opening of trading on Friday, October 11. S&P 500 constituent Darden Restaurants Inc. (NYSE:DRI) is acquiring Chuy's Holdings in a deal expected to be completed soon, pending final closing conditions. MDU Resources announced its intention to spin-off a company later this month. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ti
BISMARCK, N.D., Sept. 30, 2024 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE:MDU) board of directors has approved the appointment of Anthony D. Foti as chief legal officer and corporate secretary, effective October 7. He will report directly to MDU Resources president and CEO, Nicole Kivisto, and succeed Paul R. Sanderson, who was previously announced as vice president, chief legal officer and secretary at Everus Construction Group. Foti brings a wealth of experience in corporate governance, securities regulation, and strategic legal operations. He most recently served as se
BISMARCK, N.D., Sept. 18, 2024 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE:MDU) today announced the retirement of Peggy Link, vice president and chief information officer, effective Jan. 10, 2025. Dyke Boese, currently director of enterprise infrasture and operations, will succeed Link. Joining MDU Resources in 2005, and throughout her tenure, Link has been a pivotal member of the company overseeing information technology functions for the company and its business units. Named as the first chief information officer for MDU Resources Group in 2016, she has led the enterpris
BISMARCK, N.D., Aug. 15, 2024 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE:MDU) announced today that Michael S. Della Rocca and Marian M. Durkin have been appointed to the company's board of directors. Della Rocca, during his 35-year career, held a number of executive positions within the engineering and construction industry, including as chief executive, Americas, of AECOM. He also was a partner in consulting firm McKinsey & Company, where he provided clients with strategic counsel on capital projects. He has served on a number of boards and owns Della Rocca Enterprises L
BISMARCK, N.D., Dec. 4, 2023 /PRNewswire/ -- The Board of Directors of MDU Resources Group, Inc. (NYSE:MDU) has approved the appointment of Garret Senger as chief utilities officer for the company's electric and natural gas utility business, effective Jan. 6. Senger currently is executive vice president of regulatory affairs, customer service and administration for the utility business. Senger's new role will be effective the same day that Nicole A. Kivisto assumes the role of president and CEO of MDU Resources. "Garret will do an excellent job leading the day-to-day utility o
BISMARCK, N.D., Nov. 17, 2023 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE:MDU) today announced that Darrel T. Anderson has been appointed to the company's board of directors. Anderson previously was the president and CEO of IDACORP and Idaho Power Company, an integrated electric utility serving customers in Idaho and Oregon. Anderson first joined Idaho Power in 1996 and held positions of increasing authority, including executive vice president of administrative services and chief financial officer. He served as president and CEO from 2014 until he retired in 2020. "As we w
BISMARCK, N.D., May 18, 2023 /PRNewswire/ -- The Board of Directors of MDU Resources Group, Inc. (NYSE:MDU) has approved the appointment of Paul R. Sanderson to succeed Karl A. Liepitz as vice president, chief legal officer and secretary, effective upon the completion of the spinoff of the company's construction materials subsidiary, Knife River Corporation, at which time Liepitz will become chief legal officer of Knife River. Sanderson will join MDU Resources on June 1. He has been a partner in Evenson Sanderson PC since 2014 and previously was a partner with Zuger Kirmis & S
BISMARCK, N.D., Nov. 18, 2022 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE:MDU) today announced that German Carmona Alvarez has been appointed to the company's board of directors. Carmona is global president, applied intelligence, at John Wood Group PLC, which provides consulting, project management and engineering solutions to the energy and built environment industries. His previous experience includes executive positions with Neoris, Cemex and the Boston Consulting Group. Carmona has extensive experience in continuous improvement practices, digital transformation, financ
Pipeline segment reports record first quarter earnings, up 13.9%Natural gas distribution earnings up 11.5%2025 guidance affirmed; earnings per share in the range of $0.88 to $0.98Strong start to the year supports company's transition to a pure-play regulated energy delivery businessBISMARCK, N.D., May 8, 2025 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE:MDU) today announced its financial results for the first quarter of 2025, reporting solid performance across its regulated energy delivery segments and affirming full-year earnings per share guidance. "We delivered a strong
BISMARCK, N.D., April 17, 2025 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE:MDU) will webcast its first quarter 2025 earnings conference call at 2 p.m. ET May 8. The company will release its first quarter results before U.S. financial markets open that day. The webcast can be accessed at www.mdu.com under the "Investors" heading. Select "Events & Presentations," and click "Q1 2025 Earnings Conference Call." After the conclusion of the webcast, a replay will be available at the same location. About MDU Resources MDU Resources Group Inc., a member of the S&P SmallCap 600 inde
BISMARCK, N.D., Feb. 14, 2025 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE:MDU) is pleased to announce that its subsidiary, Montana-Dakota Utilities Co. (MDU), has signed a purchase agreement to acquire a 49% ownership interest in the Badger Wind Farm. This acquisition represents 122.5 MW of the project's total 250 MW generation capacity. The purchase agreement is contingent on regulatory approval from the North Dakota Public Service Commission (NDPSC). MDU's 2024 Integrated Resource Plan (IRP) identified the need for additional generation capacity to meet future energy dem
BISMARCK, N.D., Feb. 13, 2025 /PRNewswire/ -- MDU Resources Group Inc. (NYSE:MDU) announced today that its board of directors has elected Darrel T. Anderson to serve as its vice chair, effective immediately. Anderson has been an independent director of MDU Resources since 2023, and chairs the Board's Compensation and Human Capital Committee. "Darrel's election as vice chair is the culmination of a planned succession process, continuing our track record of active planning for board succession and adherence to governance best practices," said Dennis W. Johnson, chair of MDU Res
BISMARCK, N.D., Feb. 13, 2025 /PRNewswire/ -- MDU Resources Group, Inc.'s (NYSE:MDU) board of directors today declared a quarterly dividend on the company's common stock of 13.0 cents per share, unchanged from the previous quarter. The dividend is payable on April 1 to stockholders of record as of March 13, 2025. About MDU Resources Group, Inc.MDU Resources Group, Inc., a member of the S&P SmallCap 600 index, provides essential products and services through its regulated electric and natural gas distribution and pipeline segments. Founded in 1924 as a small electric utility, M
Net income of $281.1 million.Regulated energy delivery earnings totaled $189.7 million, 13.6% increase year-over-year.Record annual pipeline transportation volumes, up 8.1% year-over-year.Utility rate base grew 6.8% year-over-year.2025 guidance: earnings per share in the range of $0.88 to $0.98.BISMARCK, N.D., Feb. 6, 2025 /PRNewswire/ -- MDU Resources Group Inc. (NYSE:MDU) today announced its financial results for 2024, showcasing strong year-over-year regulated growth. Key infrastructure projects and regulatory rate relief drove robust performance, positioning the company for continued success as a premier regulated energy delivery business following the successful spinoff of Everus Constr
BISMARCK, N.D., Jan. 16, 2025 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE:MDU) will webcast its year-end 2024 earnings conference call at 2 p.m. ET Feb. 6. The company will release its year-end results before U.S. financial markets open that day. The webcast can be accessed at www.mdu.com under the "Investors" heading. Select "Events & Presentations," and click "Year-End 2024 Earnings Conference Call." After the conclusion of the webcast, a replay will be available at the same location. About MDU ResourcesMDU Resources Group, Inc., a member of the S&P SmallCap 600 index, p
NorthWestern Energy Group, Inc. d/b/a NorthWestern Energy (NASDAQ:NWE) today announced that its board of directors recently elected David L. Goodin as a director to a term commencing Dec. 1, 2024. Goodin brings extensive utility operations and executive experience to the independent board. Goodin has over 40 years of experience in the utility industry with MDU Resources Group, Inc. (NYSE:MDU). On Jan. 5, 2024, he retired as MDU's president and chief executive officer, and on May 14, 2024, he retired from MDU's board of directors. Before becoming CEO in 2013 and over the course of his career with MDU, he served in various leadership roles in the organization, including president and chief
BISMARCK, N.D., Nov. 14, 2024 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE:MDU) today announced that its board of directors has elected Vernon A. Dosch as a director, effective Nov. 15, 2024. Dosch, a respected leader with more than 45 years of expertise in the electric utility and broadband industries, brings a deep commitment to community and industry advancement. "We are excited to welcome Vern to our board," said Dennis W. Johnson, chair of the board. "His dedication to industry innovation, community service, and proven ability to lead transformation initiatives in the
BISMARCK, N.D., Nov. 14, 2024 /PRNewswire/ -- The board of directors of MDU Resources Group, Inc. (NYSE:MDU) today declared a quarterly dividend on the company's common stock of 13 cents per share, unchanged from the previous quarter. The board continues to target a long-term dividend payout ratio of 60% to 70% of regulated energy delivery earnings. The dividend is payable on Jan. 1, 2025 to stockholders of record as of Dec.12, 2024. About MDU ResourcesMDU Resources Group, Inc., a member of the S&P SmallCap 600 index, provides essential products and services through its regula
Pipeline segment reports record first quarter earnings, up 13.9%Natural gas distribution earnings up 11.5%2025 guidance affirmed; earnings per share in the range of $0.88 to $0.98Strong start to the year supports company's transition to a pure-play regulated energy delivery businessBISMARCK, N.D., May 8, 2025 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE:MDU) today announced its financial results for the first quarter of 2025, reporting solid performance across its regulated energy delivery segments and affirming full-year earnings per share guidance. "We delivered a strong
BISMARCK, N.D., April 17, 2025 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE:MDU) will webcast its first quarter 2025 earnings conference call at 2 p.m. ET May 8. The company will release its first quarter results before U.S. financial markets open that day. The webcast can be accessed at www.mdu.com under the "Investors" heading. Select "Events & Presentations," and click "Q1 2025 Earnings Conference Call." After the conclusion of the webcast, a replay will be available at the same location. About MDU Resources MDU Resources Group Inc., a member of the S&P SmallCap 600 inde
BISMARCK, N.D., Feb. 13, 2025 /PRNewswire/ -- MDU Resources Group, Inc.'s (NYSE:MDU) board of directors today declared a quarterly dividend on the company's common stock of 13.0 cents per share, unchanged from the previous quarter. The dividend is payable on April 1 to stockholders of record as of March 13, 2025. About MDU Resources Group, Inc.MDU Resources Group, Inc., a member of the S&P SmallCap 600 index, provides essential products and services through its regulated electric and natural gas distribution and pipeline segments. Founded in 1924 as a small electric utility, M
Net income of $281.1 million.Regulated energy delivery earnings totaled $189.7 million, 13.6% increase year-over-year.Record annual pipeline transportation volumes, up 8.1% year-over-year.Utility rate base grew 6.8% year-over-year.2025 guidance: earnings per share in the range of $0.88 to $0.98.BISMARCK, N.D., Feb. 6, 2025 /PRNewswire/ -- MDU Resources Group Inc. (NYSE:MDU) today announced its financial results for 2024, showcasing strong year-over-year regulated growth. Key infrastructure projects and regulatory rate relief drove robust performance, positioning the company for continued success as a premier regulated energy delivery business following the successful spinoff of Everus Constr
BISMARCK, N.D., Jan. 16, 2025 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE:MDU) will webcast its year-end 2024 earnings conference call at 2 p.m. ET Feb. 6. The company will release its year-end results before U.S. financial markets open that day. The webcast can be accessed at www.mdu.com under the "Investors" heading. Select "Events & Presentations," and click "Year-End 2024 Earnings Conference Call." After the conclusion of the webcast, a replay will be available at the same location. About MDU ResourcesMDU Resources Group, Inc., a member of the S&P SmallCap 600 index, p
BISMARCK, N.D., Nov. 14, 2024 /PRNewswire/ -- The board of directors of MDU Resources Group, Inc. (NYSE:MDU) today declared a quarterly dividend on the company's common stock of 13 cents per share, unchanged from the previous quarter. The board continues to target a long-term dividend payout ratio of 60% to 70% of regulated energy delivery earnings. The dividend is payable on Jan. 1, 2025 to stockholders of record as of Dec.12, 2024. About MDU ResourcesMDU Resources Group, Inc., a member of the S&P SmallCap 600 index, provides essential products and services through its regula
Key Financial Highlights for Third Quarter 2024: Electric earnings of $24.3 million, an increase of 16.3% over third quarter 2023.Pipeline record third quarter earnings of $15.1 million, up 27.0% from the same quarter last year.Construction services earnings of $41.8 million, a 16.1% increase from third quarter 2023.Increasing regulated energy delivery earnings guidance range to $180 million to $185 million.BISMARCK, N.D., Nov. 7, 2024 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE:MDU) today reported strong third quarter earnings, reflecting growth across the utility, pipeline and construction services businesses.
BISMARCK, N.D., Oct. 17, 2024 /PRNewswire/ -- Everus Construction Group, an industry-leading construction services provider, will hold an analyst and investor day at 10 a.m. EDT today at the New York Stock Exchange. At the event, management will provide an overview of the company's 4EVER strategic framework, investment highlights, operations, financial performance and anticipated growth prospects. The presentation will be followed by a question-and-answer session. Everus also is reiterating its 2024 guidance: Revenue is expected to be in the range of $2.65 billion to $2.85 bil
BISMARCK, N.D., Oct. 10, 2024 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE:MDU) will webcast its third quarter 2024 earnings conference call at 2 p.m. ET Nov. 7. The company will release its third quarter results before U.S. financial markets open that day. The webcast can be accessed at www.mdu.com under the "Investors" heading. Select "Events & Presentations," and click "Q3 2024 Earnings Conference Call." After the conclusion of the webcast, a replay will be available at the same location. About MDU ResourcesMDU Resources Group, Inc. provides essential products and servic
BISMARCK, N.D., Aug. 15, 2024 /PRNewswire/ -- The board of directors of MDU Resources Group, Inc. (NYSE:MDU) has increased the quarterly dividend on the company's common stock to 13 cents per share, for an annualized dividend of 52 cents per share. This represents a 4% increase over the previous quarterly dividend of 12.5 cents per share. The board continues to target a long-term dividend payout ratio of 60% to 70% of regulated energy delivery earnings. "MDU Resources remains committed to the transition to a pure-play regulated energy delivery business, and the board supports
Jefferies initiated coverage of MDU Resources with a rating of Hold and set a new price target of $18.00
BofA Securities upgraded MDU Resources from Neutral to Buy and set a new price target of $17.00
Siebert Williams Shank upgraded MDU Resources from Hold to Buy and set a new price target of $19.00
BofA Securities downgraded MDU Resources from Buy to Neutral and set a new price target of $31.00 from $30.00 previously
Argus upgraded MDU Resources from Hold to Buy and set a new price target of $30.00
BofA Securities upgraded MDU Resources from Underperform to Buy and set a new price target of $22.00
BofA Securities downgraded MDU Resources from Neutral to Underperform and set a new price target of $26.00 from $30.00 previously
BofA Securities downgraded MDU Resources from Buy to Neutral and set a new price target of $30.00 from $29.00 previously
BofA Securities initiated coverage of MDU Resources with a rating of Buy and set a new price target of $36.00
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