MDU
MDU Resources Group, Inc.
NYSEUSDEQUITY
Utilities
DELAYED
Neutral
-11/100
Last price
18.93
▲ 0.24 (1.28%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
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Open
18.93
Prev close
18.69
Day high
18.95
Day low
18.71
Volume
1.48M
Market cap
$3.99B
P/E (TTM)
20.16
52W range
18.18 – 22.98
Day trading desk
Gap from prior close
+1.28%
Prior close 18.69
VWAP
—
—
Relative volume
0.00×
Quiet session
Session range
—
18.93 – 18.93
Position in range
—
—
ATR (14D)
0.33
1.75% of price
Prior day high
18.75
PDH
Prior day low
18.40
PDL
Bid / ask spread
—
Quote not published
Session volume
—
Avg 1.65M
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
+1.45%
-0.5%
1M
-3.17%
-4.3%
3M
-9.03%
-13.5%
6M
-12.23%
-30.4%
YTD
-2.92%
-17.2%
1Y
+6.94%
-9.5%
3Y
+74.69%
-7.6%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on MDU open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
940.26K
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Sep 30, 26 | DURKIN MARIAN M Director |
STOCK | 172 | $0 | Direct |
| Jun 30, 26 | DOSCH VERNON A Director |
STOCK | 1.29K | $0 | Direct |
| Jun 30, 26 | DURKIN MARIAN M Director |
STOCK | 152 | $0 | Direct |
| Mar 31, 26 | DOSCH VERNON A Director |
STOCK | 1.33K | $0 | Direct |
| Mar 31, 26 | DURKIN MARIAN M Director |
STOCK | 157 | $0 | Direct |
| Feb 17, 26 | BOESE DYKE Chief Investment Officer |
STOCK | 3.70K | $0 | Direct |
| Feb 17, 26 | VOLLMER JASON L Chief Financial Officer |
STOCK | 15.23K | $0 | Direct |
| Feb 17, 26 | JONES ANNE M Officer |
STOCK | 5.52K | $0 | Direct |
| Feb 17, 26 | SIEVERT STEPHANIE A. Officer |
STOCK | 4.54K | $0 | Direct |
| Feb 17, 26 | JOHNSON ROB L Officer |
STOCK | 5.83K | $0 | Direct |
| Feb 17, 26 | SENGER GARRET Officer |
STOCK | 6.92K | $0 | Direct |
| Feb 17, 26 | FOTI ANTHONY DONALD Officer |
STOCK | 8.16K | $0 | Direct |
| Feb 17, 26 | KIVISTO NICOLE A. Chief Executive Officer |
STOCK | 45.04K | $0 | Direct |
| Feb 13, 26 | KELLEY CHARLES M Director |
BUY | 5.00K | $104.22K | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
BOESE DYKE |
Chief Investment Officer | 25.07K | Stock Award(Grant) |
DOSCH VERNON A |
Director | 18.83K | Stock Award(Grant) |
JOHNSON DENNIS W |
Director | 188.11K | Stock Award(Grant) |
JOHNSON ROB L |
Officer | 126.61K | Stock Award(Grant) |
JONES ANNE M |
Officer | 129.21K | Stock Award(Grant) |
KIVISTO NICOLE A. |
Chief Executive Officer | 564.35K | Stock Award(Grant) |
SENGER GARRET |
Officer | 125.19K | Stock Award(Grant) |
SIEVERT STEPHANIE A. |
Officer | 92.77K | Stock Award(Grant) |
VOLLMER JASON L |
Chief Financial Officer | 333.53K | Stock Award(Grant) |
WANG CHENXI |
Director | 33.69K | Stock Award(Grant) |
Fundamentals
Market cap$3.99B
Enterprise value$6.52B
Revenue (TTM)$1.83B
Gross profit$636.04M
EBITDA$524.04M
Net income$194.98M
EPS (TTM)$0.94
Free cash flow$-478.33M
Total cash$46.27M
Total debt$2.58B
Book value / share$13.92
Shares outstanding210.35M
Float209.16M
Short % of float10.61%
Dividend yield2.98%
Beta (5Y)0.36
Valuation & profitability ratios
Trailing P/E20.16
Forward P/E17.86
PEG ratio2.36
Price / sales—
Price / book1.36
EV / revenue3.56
EV / EBITDA12.44
Gross margin34.75%
Operating margin12.53%
Profit margin10.75%
Return on equity6.89%
Return on assets2.65%
Debt / equity88.05
Current ratio0.99
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $1.88B | $1.76B | $1.80B | $1.75B | +6.7% |
| Operating revenue | $1.88B | $1.76B | $1.80B | $1.75B | +6.7% |
| Cost of revenue | $1.26B | $1.19B | $1.28B | $1.26B | +6.5% |
| Gross profit | $611.58M | $571.94M | $518.53M | $490.06M | +6.9% |
| Total operating expense | $321.20M | $306.29M | $293.58M | $289.19M | +4.9% |
| Operating income | $290.38M | $265.64M | $224.94M | $200.87M | +9.3% |
| Net interest income | -$107.75M | -$108.35M | -$104.62M | -$80.68M | +0.6% |
| Pre-tax income | $210.98M | $198.66M | $340.33M | $123.45M | +6.2% |
| Tax provision | $19.57M | $17.59M | $10.21M | $6.20M | +11.3% |
| Net income | $190.40M | $281.11M | $414.71M | $367.49M | -32.3% |
| Net income to common | $190.40M | $281.11M | $414.71M | $367.49M | -32.3% |
| Basic EPS | 0.93 | 1.38 | 2.04 | 1.81 | -32.6% |
| Diluted EPS | 0.93 | 1.37 | 2.03 | 1.81 | -32.1% |
| EBIT | $318.73M | $307.01M | $444.95M | $204.13M | +3.8% |
| EBITDA | $525.43M | $507.09M | $635.40M | $392.69M | +3.6% |
| Basic shares | 204.30M | 203.90M | 203.60M | 203.40M | +0.2% |
| Diluted shares | 205.30M | 204.70M | 203.90M | 203.50M | +0.3% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $28.21M | $66.90M | $47.27M | $34.83M | -57.8% |
| Cash & short-term investments | $28.21M | $66.90M | $47.27M | $34.83M | -57.8% |
| Accounts receivable | $258.63M | $274.30M | $250.15M | $1.06B | -5.7% |
| Inventory | $39.05M | $44.94M | $44.68M | $64.25M | -13.1% |
| Total current assets | $572.44M | $666.26M | $1.36B | $2.01B | -14.1% |
| Property, plant & equipment | $5.96B | $5.34B | $5.00B | $4.85B | +11.5% |
| Goodwill & intangibles | $345.74M | $345.74M | $345.74M | $493.06M | 0.0% |
| Total assets | $7.62B | $7.04B | $7.83B | $9.66B | +8.3% |
| Total current liabilities | $685.22M | $678.60M | $1.08B | $1.48B | +1.0% |
| Current debt | $144.70M | $161.70M | $156.32M | $86.32M | -10.5% |
| Long-term debt | $2.53B | $2.13B | $2.10B | $2.32B | +18.8% |
| Total debt | $2.68B | $2.29B | $2.26B | $2.48B | +16.8% |
| Total liabilities | $4.85B | $4.35B | $4.93B | $6.07B | +11.5% |
| Retained earnings | $1.11B | $1.03B | $1.25B | $1.95B | +7.7% |
| Shareholder equity | $2.77B | $2.69B | $2.91B | $3.59B | +3.1% |
| Working capital | -$112.79M | -$12.34M | $287.99M | $532.14M | -814.1% |
| Net tangible assets | $2.43B | $2.34B | $2.56B | $3.09B | +3.5% |
| Shares issued | 204.38M | 203.93M | 203.69M | 204.16M | +0.2% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $191.41M | $181.07M | $330.12M | $117.25M | +5.7% |
| Depreciation & amortisation | $206.71M | $200.08M | $190.45M | $188.56M | +3.3% |
| Stock-based compensation | $6.56M | $8.42M | $5.50M | $7.91M | -22.2% |
| Change in working capital | $81.98M | $45.22M | -$4.95M | -$18.75M | +81.3% |
| Operating cash flow | $473.37M | $502.32M | $332.63M | $510.06M | -5.8% |
| Capital expenditure | -$770.39M | -$522.82M | -$484.14M | -$442.58M | -47.4% |
| Investing cash flow | -$780.86M | -$552.68M | -$540.79M | -$638.88M | -41.3% |
| Share buybacks | $0 | $0 | -$4.81M | -$7.40M | — |
| Dividends paid | -$108.24M | -$102.94M | -$161.32M | -$176.91M | -5.2% |
| Financing cash flow | $268.80M | $40.30M | $204.62M | $155.17M | +567.1% |
| Free cash flow | -$297.03M | -$20.51M | -$151.51M | $67.48M | -1,348.5% |
| End cash position | $28.21M | $66.90M | $76.97M | $80.52M | -57.8% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $375.30M | $605.98M | $534.01M | $315.04M | $351.19M | -38.1% |
| Operating revenue | $375.30M | $605.98M | $534.01M | $315.04M | $351.19M | -38.1% |
| Cost of revenue | $246.23M | $400.36M | $346.32M | $201.37M | $243.84M | -38.5% |
| Gross profit | $129.07M | $205.61M | $187.69M | $113.66M | $107.35M | -37.2% |
| Total operating expense | $81.13M | $89.91M | $80.35M | $73.82M | $77.02M | -9.8% |
| Operating income | $47.95M | $115.70M | $107.34M | $39.84M | $30.33M | -58.6% |
| Net interest income | -$31.55M | -$32.69M | -$29.07M | -$26.42M | -$25.45M | +3.5% |
| Pre-tax income | $22.62M | $85.63M | $84.39M | $20.72M | $14.83M | -73.6% |
| Tax provision | $3.35M | $4.68M | $7.97M | $2.37M | $655.00K | -28.4% |
| Net income | $21.24M | $80.82M | $76.34M | $18.31M | $13.78M | -73.7% |
| Net income to common | $21.24M | $80.82M | $76.34M | $18.31M | $13.78M | -73.7% |
| Basic EPS | 0.10 | 0.39 | 0.37 | 0.09 | 0.07 | -74.4% |
| Diluted EPS | 0.10 | 0.39 | 0.37 | 0.09 | 0.07 | -74.4% |
| EBIT | $54.17M | $118.31M | $113.45M | $47.14M | $40.28M | -54.2% |
| EBITDA | $109.36M | $172.49M | $165.00M | $99.18M | $92.13M | -36.6% |
| Basic shares | 209.60M | 205.40M | 204.40M | 204.30M | 204.30M | +2.0% |
| Diluted shares | 211.70M | 207.00M | 205.70M | 205.30M | 205.20M | +2.3% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $46.27M | $53.30M | $28.21M | $75.85M | $58.80M | -13.2% |
| Cash & short-term investments | $46.27M | $53.30M | $28.21M | $75.85M | $58.80M | -13.2% |
| Accounts receivable | $151.69M | $222.97M | $258.63M | $132.24M | $156.73M | -32.0% |
| Inventory | $19.33M | $19.48M | $39.05M | $44.27M | $19.71M | -0.8% |
| Total current assets | $495.98M | $559.55M | $572.44M | $501.37M | $441.93M | -11.4% |
| Property, plant & equipment | $6.06B | $6.00B | $5.96B | $5.59B | $5.43B | +1.0% |
| Goodwill & intangibles | $345.74M | $345.74M | $345.74M | $345.74M | $345.74M | 0.0% |
| Total assets | $7.71B | $7.68B | $7.62B | $7.19B | $6.95B | +0.4% |
| Total current liabilities | $499.73M | $718.34M | $685.22M | $666.55M | $594.79M | -30.4% |
| Current debt | $4.70M | $214.70M | $144.70M | $164.70M | $136.70M | -97.8% |
| Long-term debt | $2.57B | $2.38B | $2.53B | $2.19B | $2.05B | +8.0% |
| Total debt | $2.58B | $2.60B | $2.68B | $2.35B | $2.18B | -0.7% |
| Total liabilities | $4.79B | $4.78B | $4.85B | $4.46B | $4.21B | +0.1% |
| Retained earnings | $1.15B | $1.16B | $1.11B | $1.06B | $1.07B | -0.7% |
| Shareholder equity | $2.93B | $2.90B | $2.77B | $2.72B | $2.73B | +0.8% |
| Working capital | -$3.76M | -$158.79M | -$112.79M | -$165.18M | -$152.87M | +97.6% |
| Net tangible assets | $2.58B | $2.56B | $2.43B | $2.38B | $2.39B | +0.9% |
| Shares issued | 210.35M | 209.01M | 204.38M | 204.33M | 204.33M | +0.6% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $19.27M | $80.95M | $76.41M | $18.35M | $14.18M | -76.2% |
| Depreciation & amortisation | $55.18M | $54.18M | $51.55M | $52.05M | $51.85M | +1.9% |
| Stock-based compensation | $1.93M | $1.93M | $1.64M | $1.64M | $1.64M | +0.1% |
| Change in working capital | $44.03M | $12.07M | -$67.35M | -$15.76M | $70.00M | +264.8% |
| Operating cash flow | $116.09M | $149.21M | $80.57M | $57.91M | $117.41M | -22.2% |
| Capital expenditure | -$101.09M | -$92.41M | -$416.59M | -$179.82M | -$80.95M | -9.4% |
| Investing cash flow | -$104.94M | -$91.20M | -$421.11M | -$185.33M | -$79.68M | -15.1% |
| Dividends paid | -$28.66M | -$28.61M | -$28.61M | -$26.56M | -$26.56M | -0.2% |
| Financing cash flow | -$18.18M | -$32.93M | $292.90M | $144.47M | -$38.47M | +44.8% |
| Free cash flow | $15.00M | $56.80M | -$336.02M | -$121.91M | $36.46M | -73.6% |
| End cash position | $46.27M | $53.30M | $28.21M | $75.85M | $58.80M | -13.2% |
Options analytics
Put / call volume
0.33
Call-heavy session
Put / call open interest
0.02
Positioning, not flow
Max pain
20.00
+5.5% from spot
ATM implied vol
12.5%
Nearest strike to spot
Skew (10% OTM)
+64.5%
Puts bid over calls
Call volume
6
Contracts, this expiry
Put volume
2
Contracts, this expiry
Heaviest call OI
22.50
81 contracts
Heaviest put OI
20.00
3 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.09 | 0.09 | +3.3% |
| Mar 2026 | 0.40 | 0.39 | -2.4% |
| Dec 2025 | 0.36 | 0.37 | +2.7% |
| Sep 2025 | 0.11 | 0.09 | -15.9% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.10 | 6 | $346.55M | +10.0% |
| Next quarter | 0.39 | 6 | $645.78M | +20.9% |
| Current year | 0.98 | 8 | $1.98B | +5.6% |
| Next year | 1.06 | 8 | $2.13B | +7.6% |
Analyst targets & ownership
Mean target$23.25
High target$27.00
Low target$21.00
Implied upside22.82%
Analyst count8
ConsensusBUY
Strong buy / Buy1 / 5
Hold3
Sell / Strong sell0 / 0
Held by insiders0.45%
Held by institutions94.32%
Institutions holding556
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
18.63
+1.63% from price
SMA 20
18.73
+1.16% from price
SMA 50
19.60
-3.31% from price
SMA 100
20.44
-7.41% from price
SMA 200
20.65
-8.25% from price
EMA 12
18.72
+1.13% from price
EMA 26
19.00
-0.38% from price
EMA 50
19.49
-2.86% from price
RSI (14)
48.2
Neutral
MACD (12,26,9)
-0.28
Hist 0.08
ATR (14)
0.33
1.75% of price
Realised vol 30D
16.0%
Annualised
Bollinger upper
19.31
20, 2σ
Bollinger lower
18.15
20, 2σ
50 / 200 cross
Death
19.60 vs 20.65
Trend bias
Below 200
-8.25%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.20
Less volatile than market
Correlation to SPY
0.13
Largely independent
Realised vol 30D
16.0%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-19.3%
Peak to trough
Max drawdown 5Y
-22.6%
Peak to trough
ATR 14
0.33
1.75% of price
Beta (reported)
0.36
5Y monthly, from filing
Short interest
Shares short
17.09M
Prior 14.33M
Change vs prior
+19.2%
Shorts adding
% of float
10.61%
Elevated
% of shares out
8.12%
Against total outstanding
Days to cover
10.9
Crowded exit
Float
209.16M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Aug 6, 26 | JP Morgan | UPGRADE | Neutral | Overweight |
| Jul 13, 26 | Wells Fargo | INITIATED | — | Overweight |
| May 15, 26 | TD Cowen | MAINTAINED | Hold | Hold |
| Apr 16, 26 | JP Morgan | INITIATED | — | Neutral |
| Feb 24, 26 | Freedom Broker | MAINTAINED | Hold | Hold |
| Dec 24, 25 | Freedom Broker | INITIATED | — | Hold |
| Oct 22, 25 | Jefferies | MAINTAINED | Buy | Buy |
| Sep 19, 25 | Jefferies | UPGRADE | Hold | Buy |
| Jan 8, 25 | Jefferies | INITIATED | — | Hold |
| Nov 5, 24 | B of A Securities | UPGRADE | Neutral | Buy |
| Oct 21, 24 | B of A Securities | DOWNGRADE | Buy | Neutral |
| May 20, 24 | Argus Research | UPGRADE | Hold | Buy |
Dividends & splits
Forward rate$0.57 / yr
Forward yield2.98%
5-year avg yield2.87%
Payout ratio59.57%
Ex-dividend dateSep 10, 2026
Next pay dateOct 1, 2026
Last split1805:1000
Split dateNov 1, 2024
SEC filings
Offering Registrations
S-8 · 2026-08-06
Annual report of employee stock purchase
11-K · 2026-06-18
Corporate Changes & Voting Matters
8-K · 2026-05-13
Periodic Financial Reports
10-Q · 2026-05-07
Annual Report to Shareholders
ARS · 2026-04-01
Periodic Financial Reports
10-K · 2026-02-20
Corporate Changes & Voting Matters
8-K · 2026-02-05
Corporate Changes & Voting Matters
8-K · 2026-01-16
Headlines
Did MDU’s (MDU) 350-Mile Bakken East Pipeline Bet Just Reframe Its Infrastructure Investment Narrative?
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MDU Resources Approves Construction of Bakken East Pipeline
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Activist Starboard Urges Construction Company to Explore Sale
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Best "Strong Buy" Stocks to Buy Now and for the Rest of 2026
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PRIVATE STRATEGY · BY QUALIFICATION
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