MDU Resources Group Inc income statement
In fiscal 2025, MDU Resources Group Inc reported revenue of $1.88bn, up 6.7% on the year before, operating income of $290m (a 15.5% margin) and net income of $190m, or $0.93 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4,177 | 3,910 | 4,050 | 4,075 | 3,920 | 4,115 | 4,014 | 4,129 | 4,443 | 4,532 | 5,337 | 5,533 | 3,454 | 1,747 | 1,803 | 1,758 | 1,875 | 1,830 |
| Selling, general and administrative | — | — | — | — | — | — | — | 2,894 | 3,135 | 3,256 | 3,895 | 4,028 | 2,210 | 380 | 407 | 414 | 433 | 438 |
| Operating income | −153 | 411 | 406 | 19 | 321 | 327 | 320 | 409 | 424 | 402 | 481 | 545 | 331 | 201 | 225 | 266 | 290 | 311 |
| Interest expense | 84 | 83 | 81 | 77 | 84 | 87 | 91 | 88 | 83 | 85 | 99 | 97 | 71 | 81 | 114 | 108 | 108 | 120 |
| Income before tax | −219 | 367 | 336 | −45 | 243 | 249 | 247 | 326 | 350 | 317 | 398 | 475 | 286 | 123 | 340 | 199 | 211 | 213 |
| Income tax | −96 | 123 | 110 | −31 | 74 | 64 | 71 | 93 | 65 | 47 | 63 | 85 | 44 | 6 | 10 | 18 | 20 | 18 |
| Net income | −123 | 241 | 213 | −1 | 278 | 298 | −623 | 64 | 281 | 272 | 335 | 390 | 378 | 367 | 415 | 281 | 190 | 197 |
| Diluted EPS | — | $1.27 | $1.12 | −$0.01 | $1.47 | $1.55 | −$3.20 | $0.33 | $1.43 | $1.39 | $1.69 | $1.95 | $1.87 | $1.81 | $2.03 | $1.37 | $0.93 | $0.95 |
| Diluted shares (average) | 185m | 188m | 189m | 189m | 190m | 193m | 195m | 196m | 196m | 196m | 199m | 201m | 202m | 203m | 204m | 205m | 205m | 207m |
| EBITDA | 177 | 740 | 750 | 378 | 521 | 530 | 532 | 625 | 632 | 622 | 737 | 830 | 529 | 389 | 415 | 466 | 497 | 524 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 290 | 536 | 675 | 351 | 315 | 534 | 606 | 375 |
| Selling, general and administrative | 101 | 106 | 111 | 113 | 102 | 107 | 115 | 114 |
| Operating income | 35 | 95 | 113 | 30 | 40 | 107 | 116 | 48 |
| Interest expense | 27 | 28 | 27 | 25 | 26 | 29 | 33 | 32 |
| Income before tax | 16 | 77 | 91 | 15 | 21 | 84 | 86 | 23 |
| Income tax | 1 | 6 | 9 | 1 | 2 | 8 | 5 | 3 |
| Net income | 65 | 55 | 82 | 14 | 18 | 76 | 81 | 21 |
| Diluted EPS | $0.32 | $0.26 | $0.40 | $0.07 | $0.09 | $0.37 | $0.39 | $0.10 |
| EBITDA | 85 | 145 | 164 | 82 | 92 | 159 | 170 | 103 |
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