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+3.33%
Close of 9 Nov 2026, in USD
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About MDU Resources Group
From its filings with the US Securities and Exchange Commission
MDU Resources Group is based in Bismarck, North Dakota. Its shares trade on NYSE under the ticker MDU. The SEC classifies its business as natural gas distribution. In the fiscal year to 31 December 2025, it reported revenue of $1.88bn and net income of $190.4m. At that date it held total assets of $7.62bn and shareholders' equity of $2.77bn.
The Company is a pure-play regulated energy delivery business. Its principal executive offices are located at 1200 West Century Avenue, P.O. Box 5650, Bismarck, North Dakota 58506-5650, telephone (701) 530-1000.
Through a strategy focusing on its "CORE," the Company strives to deliver superior value and achieve industry-leading performance as a pure-play regulated energy delivery company, while pursuing organic growth opportunities. The Company's "CORE" strategy prioritizes customers and communities, operational excellence, returns focused initiatives and an employee driven culture. The Company generates, transmits and distributes electricity and provides natural gas distribution, transportation and storage services. These businesses are regulated by state public service commissions and/or the FERC.
As part of the Company's continual review of its business, the Company announced strategic initiatives to enhance stockholder value. On May 31, 2023, the Company executed the separation of Knife River, the construction materials and contracting business, from the Company, resulting in Knife River becoming an independent, publicly-traded company. On October 31, 2024, the Company completed the separation of Everus, the construction services business, from the Company, resulting in Everus becoming an independent, publicly-traded company.
Quoted from its 10-K, filed 20 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Utilities
- Industry
- Multi-Utilities
- Listed since
- 22 May 1981
- Employees
- 2,096
- Website
- mdu.com ↗
- Head office
- 1200 WEST CENTURY AVENUE, BISMARCK, ND, 58503
- Classification
- Natural Gas Distribution
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Darrel AndersonIndependent Chairman of the Board$268,853
- Ms. Nicole KivistoPresident, Chief Executive Officer, Director, since 2015$5.6m
- Mr. Jason VollmerChief Financial Officer$2.9m
- Mr. Rob JohnsonPresident of WBI Energy, Inc$1.3m
- Ms. Anne JonesChief Human Resources, Administration, and Safety Officer$1.4m
- Ms. Stephanie SievertChief Accounting and Regulatory Affairs Officer
- Mr. Dyke BoeseChief Information Officer
- Mr. Garret SengerChief Utilities Officer$1.4m
- Mr. Anthony FotiChief Legal Officer and Corporate Secretary, since 2024
- Mr. Vernon DoschIndependent Director$43,342
- Ms. Marian DurkinIndependent Director$108,367
- Mr. Douglas JaegerIndependent Director$176,727
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 56
- Environment
- 42
- Social
- 50
- Governance
- 77
- Direct emissions (scope 1)
- 2,016,783 t
- Energy emissions (scope 2)
- 83,970 t
- Women in the workforce
- 12.74%
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- MDU Resources Group Inc has a diverse business portfolio, operating in multiple sectors including construction materials, natural gas distribution, electric and natural gas utilities, and energy infrastructure. This diversification reduces the company's risk exposure to any single sector and provides stability.
- The company has a strong financial position with steady revenue growth and positive cash flows. This allows MDU Resources to invest in strategic initiatives, pursue growth opportunities, and withstand economic downturns.
- MDU Resources has a solid reputation and a long-standing history of delivering quality products and services. This has helped the company build strong relationships with customers, suppliers, and the communities it operates in.
Weaknesses
- Despite its diversification, MDU Resources is still dependent on the cyclical nature of the construction industry. Economic downturns and fluctuations in construction activities can impact the company's profitability.
- The utility business of MDU Resources is subject to regulation by various government agencies, which can pose challenges in terms of compliance costs and restrictions on pricing and operational activities.
- MDU Resources operates primarily in the United States, limiting its geographic reach and potential for international growth.
Opportunities
- The increasing focus on infrastructure development presents opportunities for MDU Resources to expand its construction materials business and secure contracts for major projects.
- The growing demand for clean energy and renewable resources provides an opportunity for MDU Resources to invest in and expand its energy infrastructure segment.
- Potential acquisitions and strategic partnerships can help MDU Resources enter new markets, diversify its product offerings, and enhance its competitive position.
Threats
- Competition within the construction materials and utility sectors is intense, which may impact MDU Resources' market share and profitability.
- Changing government regulations pertaining to energy and environmental policies can pose challenges for the company's operations, requiring investments in technology and compliance.
- Fluctuations in commodity prices, particularly natural gas and construction materials, can have a significant impact on MDU Resources' financial performance.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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