MDU Resources Group (MDU) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

MDU Resources Group

NYSE•Utilities•Utilities - Regulated Gas

$18.72+0.07(<0.01%)Pre-market

Market Cap

$3.92B

P/E

19.9x

P/S

2.1x

P/B

1.3x

MDU Resources Group, Inc. engages in the regulated energy delivery businesses in the United States. The company operates through three segments: Electric, Natural Gas Distribution, and Pipeline. It generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming through approximately 3,400 miles of transmission and 4,900 miles of distribution lines, as well as 86 transmission and 299 distribution substations. The company also distributes natural gas in Idaho, Minnesota, Montana, North Dakota, Oregon, South Dakota, Washington, and Wyoming through approximately 22,000 miles of distribution and 540 miles transmission systems; and supplies related value-added services. In addition, it 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 non-regulated energy-related services. Further, the company offers transportation and storage services. MDU Resources Group, Inc. was incorporated in 1924 and is headquartered in Bismarck, North Dakota.

How this company scores

AverageMetricSide Score: 45/100

Strongest: Growth (16/25); weakest: Cash & Earnings Quality (6/25).

Profitability12/25

Growth16/25

Balance Sheet & Red Flags11/25

Cash & Earnings Quality6/25

Strengths

Growing revenueStrong margins

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 19.9x5y range 5.4x – 22.4x

Currently above its 20-quarter median.

P/S · 2.1x5y range 0.3x – 6.5x

Currently above its 19-quarter median.

P/B · 1.3x5y range 0.6x – 1.5x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Earnings Quality

Red Flag

Free cash flow has been negative in 4 of the last 8 quarters — earnings are not translating to cash.

Revenue Decline

Red Flag

TTM revenue has contracted 30.6% — significant decline indicating deteriorating demand.

Price & Volume

Market Cap $3.92B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.83B
Q. Revenue: $375.30M
TTM EBITDA: $523.79M
TTM Op. Income: $310.83M
Q. Op. Income: $47.95M
TTM Net Income: $196.71M
Q. Net Income: $21.24M
EPS: $0.1
Shares Out.: $209.63M

$1.83B in TTM revenue grew 250.2% YoY, reaching $375.30M last quarter. TTM EBITDA of $523.79M and TTM operating income of $310.83M show growth is flowing through to the bottom line. TTM net income of $196.71M means revenue is converting into profit. Over the past year, TTM revenue is up 250% — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 12.8%
EBITDA Margin: 27.5%
Op. Margin: 12.8%
Net Margin: 5.7%

Op. margin of 12.8% is up 4.1% YoY — cost efficiency is improving. Net margin at 5.7% and gross margin of 12.8% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has fallen for 2 consecutive quarters — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 19.9x
P/S Ratio: 2.1x
P/B Ratio: 1.3x

At 19.9x P/E, the stock trades within typical market levels. P/S of 2.1x and P/B of 1.3x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 26% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $7.71B
Cash: $46.27M
Long-Term Debt: $2.57B
Book Value: $2.93B
D/E Ratio: 0.9
Debt/EBITDA: 24.9

With $7.71B in assets and $2.57B in long-term debt, D/E is 0.9and book value is $2.93B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 17% — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $114.62M
TTM Free Cash Flow: $-387.45M
FCF Margin: -21.2%
FCF / Net Income: -2.0

TTM FCF of $-387.45M on $114.62M in operating cash flow. The FCF / Net Income ratio of -2.0x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has fallen for 4 consecutive quarters — a weakening trend.