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MDU Resources Group Inc cash flow statement

In fiscal 2025, MDU Resources Group Inc's operations generated $473m of cash; it spent $770m on capital projects, leaving free cash flow of −$297m. It returned $108m in dividends.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Cash from operations847552627585754587662462448500542768496510333502473404
Depreciation and amortisation331329343359200203212216207220256285198189190200207213
Stock-based pay33444—————7131386877
Capital spending—449497873531429537388341568576558485443484523770790
Free cash flow—102130−28822315812574107−68−342101167−152−21−297−386
Free cash flow after stock pay—99126−292219—————−41197−260−157−29−304−393
Dividends paid11511912316098137143147151155160166171177161103108112
Share buybacks——————00250077500—
Shares issued655601515022000107389−00−0−0111

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from MDU Resources Group Inc's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to MDU Resources Group Inc.