Mdu Resources Stock Price, News & Analysis

MDU Resources (NYSE: MDU) priced an underwritten public offering of 10,152,284 shares at $19.70 per share and granted underwriters an option for 1,522,842 additional shares. The offering uses forward sale agreements with Wells Fargo, BofA and J.P. Morgan; settlement is expected no later than 24 months after the offering. MDU will not initially receive proceeds from secondary forward sales; if it elects physical settlement, expected uses include debt repayment, capital expenditures, acquisitions and payment in 2026 for a 49% interest in the Badger Wind Farm.

Closing is expected on or about December 5, 2025.

MDU Resources (NYSE: MDU) commenced an underwritten public offering of $200 million of common stock with a forward component on Dec 3, 2025. The company granted underwriters an option for up to $30 million additional shares. Forward sellers (Wells Fargo Securities, BofA Securities, and J.P. Morgan) are expected to borrow shares from third parties for sale to the underwriters; settlement of forward sale agreements is expected no later than 24 months after the offering. MDU will not initially receive proceeds; if it elects physical settlement, net proceeds are planned for general corporate purposes including repayment/refinancing of debt, capital expenditures, acquisitions, and a 2026 payment for 49% interest in Badger Wind Farm.

MDU Resources (NYSE: MDU) announced a $3.4 billion capital investment plan for 2026–2030, up from the company's prior 2025–2029 plan of $3.1 billion and about a 34% increase versus 2021–2025.

The five-year plan allocates approximately $1,377M to electric, $1,354M to natural gas distribution and $643M to pipeline investments (table total $3,374M). Key items include final payment for a 49% stake in Badger Wind Farm in 2026 and energizing the Jamestown–Ellendale transmission line in late 2028–early 2029.

Funding includes anticipated equity issuance of $150–$175M in 2026 and $100–$125M in 2027, with remaining needs met by cash flow and debt. The company expects to target 7%–8% annual rate base growth and maintain an EPS growth target of 6%–8%.

MDU Resources (NYSE: MDU) declared a quarterly cash dividend of $0.14 per share, unchanged from the prior quarter. The board reaffirmed a long-term dividend payout target of 60% to 70% of earnings. The dividend is payable on Jan. 1, 2026 to shareholders of record as of Dec. 11, 2025.

The company serves more than 1.2 million customers across the Pacific Northwest and Midwest and operates a pipeline network of more than 3,800 miles. Contact information for investor relations is provided for further inquiries.

MDU Resources (NYSE: MDU) reported third quarter 2025 results on Nov. 6, 2025, highlighting stronger pipeline performance, higher operating costs in utilities, and narrowed full-year guidance.

Key facts: income from continuing operations rose to $18.4M (Q3 2025) versus $15.6M (Q3 2024); pipeline segment earnings were up 11.3% year-over-year; consolidated operating revenues were $315.1M for the quarter. The company narrowed 2025 EPS guidance to $0.90–$0.95.

Knife River (NYSE: KNF) will host its Q3 2025 earnings conference call at 11:00 a.m. EST on Tuesday, Nov. 4, 2025. Financial results for the quarter will be released that morning before the NYSE opens.

A live webcast and presentation slides will be available in the Investors section at investors.kniferiver.com or https://events.q4inc.com/attendee/596649687. To join the live call dial Domestic: 1-800-549-8228 or International: 1-289-819-1520 and use Conference ID 73233. An on-demand replay of the webcast will be available after the call.

MDU Resources (NYSE: MDU) will webcast its third quarter 2025 earnings conference call on Nov. 6, 2025 at 2:00 PM ET. The company will release Q3 2025 results before U.S. markets open on the same day. The live webcast and a replay will be available at www.mdu.com under Investors > Events & Presentations (select "Q3 2025 Earnings Conference Call").

MDU Resources Group (NYSE: MDU) has received regulatory approval for its planned acquisition of a 49% ownership stake in the Badger Wind Farm. The North Dakota Public Service Commission (NDPSC) granted both an Advanced Determination of Prudence (ADP) and Certificate of Public Convenience and Necessity (CPCN) for the project.

The investment, valued at approximately $294 million, will give MDU a 122.5 MW stake in the 250 MW wind project near Wishek, North Dakota. The NDPSC has deemed the project prudent up to $295.5 million, including $1.5 million in internal costs. The wind farm is expected to be completed by the end of 2025, supporting MDU's commitment to providing cost-effective energy to its 1.2 million customers across the Pacific Northwest and Midwest.