NYSE$MDU

MDU Resources Group Inc · Q2 2025 earnings

Q2 2025 earnings · · Before market open · Investor relations

Briefing

MDU Resources Group Inc reported Q2 2025 results with operating revenues of $351.2 million and net income of $13.8 million.

The company achieved operating revenues of $351.2 million for the three months ended June 30, 2025, with net income from continuing operations of $14.2 million. Segment performance showed strength in the pipeline business offset by seasonal losses in natural gas distribution and lower electric earnings due to higher operating costs. The results reflect rate relief benefits and volume growth in certain areas amid ongoing infrastructure investments.

  • Electric segment net income declined to $10.4 million due to higher operation and maintenance expenses including payroll and outage costs, partially offset by rate relief and data center volumes.
  • Natural gas distribution reported a seasonal loss of $7.4 million, impacted by higher operating costs and warmer weather, despite rate relief in Washington and Montana.
  • Pipeline segment delivered $15.4 million in net income supported by growth projects placed in service and strong transportation demand, though offset by increased expenses.
  • Overall continuing operations generated $14.2 million in net income with total operating revenues reaching $351.2 million, reflecting disciplined cost management and regulatory recoveries.

Headline financials

Total Revenue

$351M

Previous: $1.05B-66.5%
EPS (adj)

$0.07

Previous: $0.32-78.1%
Electric Utility Net Income

$10.5M

No prior period
Natural Gas Distribution Net Income

-$7.36M

No prior period
Pipeline Net Income

$15.4M

No prior period
Net Income

$13.8M

Previous: $60.4M-77.2%
Operating Income

$30.3M

Previous: $89.7M-66.2%

Revenue & EPS history

MDU Resources · Revenue · Quarterly

$351M

Q2 2025-66.5%vs Q2 2024
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

MDU Resources · $351M total across 3 segments · Q2 2025

  • Natural Gas Distribution
    $207M
  • Electric
    $97.9M
  • Pipeline
    $46.5M

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

-0.3%

Avg return

Earnings day

+0.8%

Avg return

5 days after

+2.0%

Avg return

30 days after

55%

35 / 64 earnings

Positive

+6.7%

Q2 2020

Best reaction

-10.0%

Q4 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025
Q1 2026+0.8%+2.0%-4.3%
Q4 2025-4.1%-3.4%-0.3%
Q3 2025+4.6%+8.3%-2.2%
Q1 2025-0.8%-3.4%-4.6%
Q4 2024-5.9%-5.6%-7.6%
Q3 2024+5.8%+6.3%+14.9%
Q2 2024-3.8%-4.3%-2.7%
Q1 2024+0.8%+2.2%+1.5%
Q4 2023+3.5%+3.5%+14.9%
Q3 2023+2.2%-0.8%+3.6%
Q2 2023-5.7%-3.9%-8.0%
Q1 2023+2.4%+1.5%+3.9%
Q4 2022+1.5%+2.0%-1.6%
Q3 2022+3.6%+5.3%+12.6%
Q2 2022+4.0%+5.3%+6.7%
Q1 2022-1.2%-3.5%+3.8%
Q4 2021-5.7%-6.1%-12.5%
Q3 2021-7.8%-5.9%-8.9%
Q2 2021-0.9%+1.4%-0.9%
Q1 2021-0.2%+1.1%-0.8%
Q4 2020+0.1%+0.7%+13.9%
Q3 2020-4.7%+2.6%+3.0%
Q2 2020+6.7%+10.3%+14.2%
Q1 2020+6.0%-1.6%+15.9%
Q4 2019+4.7%+3.7%+0.2%
Q3 2019+3.5%+3.8%+3.9%
Q2 2019+2.7%+3.5%+3.0%
Q1 2019+0.0%+4.2%-3.6%
Q4 2018-1.8%+0.5%+2.4%
Q3 2018+2.6%+2.6%+4.7%
Q2 2018-2.9%+0.5%-0.5%
Q1 2018+2.6%+2.7%-2.2%
Q4 2017+2.0%+5.8%+4.4%
Q3 2017-3.5%-0.7%+2.2%
Q2 2017-3.4%-1.4%+2.6%
Q1 2017-1.1%-1.6%+3.7%
Q4 2016-10.0%-9.0%-8.0%
Q3 2016+0.0%+3.0%+9.1%
Q2 2016-0.8%-0.1%-0.5%
Q1 2016+2.6%
Q4 2015+1.2%
Q3 2015+1.6%
Q2 2015-8.6%
Q1 2015-8.4%
Q4 2014+3.4%
Q3 2014-7.7%
Q2 2014-4.5%
Q1 2014+0.7%
Q4 2013+2.5%
Q3 2013+3.3%
Q2 2013+6.6%
Q1 2013+3.3%
Q4 2012-0.4%
Q3 2012+1.1%
Q2 2012-1.6%
Q1 2012+0.7%
Q4 2010+0.7%
Q4 2011+0.7%
Q3 2011-2.0%
Q2 2011-6.5%
Q1 2011+2.3%
Q3 2010+0.3%
Q2 2010+0.4%
Q1 2010-5.8%

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