MDU Resources Group Inc
MDU Resources Group Inc (MDU) is listed on NYSE and classified in Utilities - Regulated Gas, part of the Utilities sector. It is headquartered in Bismarck, United States and has 2,096 employees. The company is worth $4.07B and trades at 20.4x its earnings of the last twelve months; the median for its sector is 20.5x. Revenue was $1.88B in fiscal 2025, up 6.7% from the year before. Net income was $190.4M. The share price is 15.7% below its 52-week high of $22.98. It pays a dividend yielding 2.94%. 6 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Ken Griffin (Citadel Advisors), at $40.5M. In that quarter, 4 of them opened or added to the position. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +83.5% over 5Y.
today you would have $1,877.74▲ +87.8%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 19 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $19.52 | $18.02 | $10.97 | $11.54 | $11.73 | $10.02 | $11.30 | $9.07 | $10.22 | $10.94 | $6.97 | $8.94 | $11.62 | $8.08 | $8.16 | $7.71 | $8.97 |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 4.6% a year plus a 2.9% dividend yield. Growth capped at 25%.
Median P/E of 20.5 among peers in the sector.
Median P/E of 15.6 across this company’s own years on record.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Sector median of 13.3x operating profit, less net debt. Banks have no EBITDA.
Dividend growing 5.3% a year against a 7.0% required return, from the stock’s beta.
Companies of similar size in Utilities, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| TACTransalta Corp | $12.51 | — | 6.6x | 1.60% | -1.42% | $3.96B |
| AQNAlgonquin Power & Utilities Corp | $5.45 | 21.8x | 0.9x | 4.77% | 2.49% | $4.2B |
| MWHSOLV Energy, Inc. | $21.53 | 45.8x | 5.4x | 0.00% | — | $4.36B |
| BIPCBrookfield Infrastructure Corp | $37.63 |
| $8.21 |
| $10.50 |
| P/E | 15.6x | 21.0x | 13.2x | 5.4x | 6.4x | 11.3x | 13.5x | 17.6x | 17.2x | 18.8x | 87.2x | — | 15.2x | 20.8x | — | 19.2x | 16.0x | — | 0.0x | 0.0x |
| P/S | 1.1x | 2.1x | 2.1x | 2.2x | 3.5x | 1.8x | 1.0x | 1.1x | 1.0x | 1.2x | 1.4x | 0.9x | 1.1x | 1.5x | 1.0x | 1.0x | 1.0x | 1.1x | 0.0x | 0.0x |
| P/B | 1.6x | 1.4x | 1.4x | 1.4x | 1.7x | 1.9x | 1.7x | 2.1x | 1.8x | 2.2x | 2.4x | 1.5x | 1.5x | 2.0x | 1.5x | 1.5x | 1.4x | 1.7x | 0.0x | — |
| EPS | $0.93 | $1.37 | $2.03 | $1.81 | $1.04 | $0.74 | $0.64 | $0.53 | $0.54 | $0.13 | -$1.22 | $0.59 | $0.56 | -$0.00 | $0.43 | $0.48 | -$0.25 | $607.53 | $898.36 |
| Dividend yield | 2.89% | 2.77% | 1.89% | 3.16% | 2.89% | 2.78% | 3.18% | 2.75% | 3.34% | 2.89% | 2.63% | 4.02% | 3.05% | 2.27% | 3.18% | 3.06% | 3.14% | 2.64% | 2.78% | 2.03% |
| Payout | 46.77% | 58.06% | 24.86% | 17.09% | 18.42% | 31.45% | 42.92% | 48.34% | 57.34% | 54.34% | 229.39% | — | 46.26% | 47.28% | — | 58.66% | 50.16% | — | 0.04% | 0.02% |
| Profit margin | 6.33% | 10.15% | 15.99% | 23.00% | 21.03% | 10.95% | 7.05% | 6.29% | 6.01% | 6.33% | -1.63% | -16.38% | 7.15% | 7.11% | -0.02% | 5.26% | 6.16% | -2.95% | 5.87% | 10.17% |
| ROE | 10.06% | 6.87% | 10.45% | 14.27% | 10.24% | 11.18% | 12.67% | 11.78% | 10.61% | 11.58% | -2.90% | -27.44% | 9.39% | 9.87% | -0.03% | 7.68% | 8.94% | -4.79% | 10.64% | — |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
6 methods answered, across 3 families.
Room for errors in the reported numbers.
+15.8% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| — |
| — |
| 4.84% |
| 17.16% |
| $4.63B |
| NWENorthWestern Energy Group, Inc. | $77.13 | 27.8x | 1.6x | 3.47% | 5.93% | $4.74B |
| CPKChesapeake Utilities Corp | $134.17 | 21.4x | 1.9x | 2.19% | 9.47% | $3.39B |