Mdu Resources Stock Price, News & Analysis

MDU Resources Group (NYSE: MDU) has declared a quarterly dividend of $0.13 per share on its common stock, maintaining the same dividend amount as the previous quarter. The dividend will be payable on July 1, 2025, to stockholders of record as of June 12, 2025.

MDU Resources, a member of the S&P SmallCap 600 index, provides electric utility and natural gas distribution services to over 1.2 million customers across the Pacific Northwest and Midwest. The company also operates a 3,800-mile natural gas pipeline network and storage system in the Northern Plains.

MDU Resources (NYSE: MDU) reported strong Q1 2025 results, with notable growth in its pipeline and natural gas distribution segments. The pipeline segment achieved record Q1 earnings of $17.2M, up 13.9%, while the natural gas distribution segment earnings rose 11.5% to $44.7M. The electric utility segment saw a decline to $15.0M from $17.9M. The company's total income from continuing operations increased to $82.5M ($0.40 per share) from $74.7M ($0.37 per share) in Q1 2024. MDU reaffirmed its 2025 EPS guidance of $0.88-$0.98. Key developments include regulatory progress across multiple jurisdictions, strong customer growth with retail electric volumes up 25.1%, and advancement of pipeline expansion projects including the proposed Bakken East pipeline and Baker Storage Field Enhancement project.

Knife River Corporation (NYSE: KNF) reported its Q1 2025 financial results, showing a 7% revenue increase to $353.5 million, despite wider losses. The company's net loss deepened to $68.7 million ($1.21 per share) compared to $47.6 million loss in Q1 2024. Adjusted EBITDA was negative $38 million, down from negative $17.7 million year-over-year. The company completed the acquisition of Strata Corporation and expects it to contribute $45 million in EBITDA for the full year. Management remains optimistic, maintaining its 2025 guidance of $3.25-3.45 billion in revenue and $530-580 million in adjusted EBITDA. The company's backlog stands at $938.7 million, with strong infrastructure funding support. Knife River increased its debt facilities, with net leverage at 2.5x, and plans capital expenditures of 5-7% of revenue guidance for maintenance and improvements.

Knife River (NYSE: KNF) has announced the promotion of Sarah L. Stevens to Vice President and Chief People Officer, succeeding Nancy K. Christenson who retired after a 47-year tenure with the company. Stevens, previously Vice President of Human Resources, brings 19 years of experience at Knife River to her new role.

In her position as Chief People Officer, Stevens will oversee Human Resources, compensation and benefits, HR compliance, team member relations, recruitment and retention, training and career development. She holds an MBA from George Fox University, an undergraduate degree from the University of Puget Sound, and maintains SPHR and SHRM-SCP certifications.

MDU Resources Group (NYSE: MDU) has announced it will host its first quarter 2025 earnings conference call on May 8 at 2 p.m. ET. The company will disclose its Q1 results prior to U.S. market opening on the same day.

Investors and interested parties can access the webcast through the company's website at www.mdu.com under the 'Investors' section by selecting 'Events & Presentations' and clicking on 'Q1 2025 Earnings Conference Call.' A replay of the webcast will be made available at the same location after the event concludes.

Knife River (NYSE: KNF), a vertically integrated construction materials and contracting services company with a focus on aggregates, has scheduled its first quarter 2025 earnings conference call for May 6, 2025, at 11 a.m. EDT. The company will release its Q1 2025 financial results before the NYSE market opens on the same day.

The earnings call will be accessible via a live webcast on the company's investor relations website, with presentation slides available. Participants can join through domestic (1-800-549-8228) or international (1-289-819-1520) phone lines using conference ID 83668. An on-demand replay will be available after the call.

Knife River (NYSE: KNF) has completed its acquisition of Strata for $454 million, representing approximately 9x Strata's projected 2025 EBITDA. The acquisition strengthens Knife River's Central Region operations and includes significant assets:

• Extensive aggregate reserves with 3 million tons sold in 2024
• Transportation fleet including 7 locomotives and 400+ railcars
• 28 ready-mix plants with ~120 trucks
• 3 asphalt plants for public works
• Contracting services division for asphalt paving and concrete construction

The deal brings aboard 900+ seasonal team members, including Strata President Paddy Murphy, who will lead Knife River's North Dakota operations. The acquisition was financed through cash and a $500 million Term Loan B. Knife River expects the acquisition to be accretive to Adjusted EBITDA margin within the first year and will update its 2025 financial guidance in Q1 earnings.

MDU Resources Group (NYSE: MDU) has announced that its subsidiary, Montana-Dakota Utilities Co., will acquire a 49% ownership stake in the Badger Wind Farm, representing 122.5 MW of the project's total 250 MW generation capacity. The investment, valued at $294 million, is subject to regulatory approval from the North Dakota Public Service Commission.

The company previously secured a Power Purchase Agreement for 150 MW, which will be reduced to 27.5 MW upon closing of this ownership purchase. This strategic investment aligns with MDU's 2024 Integrated Resource Plan and was selected as the least-cost option for customers. The acquisition will significantly alter MDU's generation mix, increasing renewables from 29% to 39%, while reducing coal from 31% to 26% and gas from 40% to 35%.

MDU Resources Group (NYSE: MDU) has appointed Darrel T. Anderson as its new vice chair of the board of directors, effective immediately. Anderson, who has been an independent director since 2023 and chairs the Board's Compensation and Human Capital Committee, brings over 28 years of experience in the regulated utility industry.

Anderson previously served as president and CEO of IDACORP and Idaho Power Company, and currently serves as chairman of the board of Gemstone Holdings. The appointment is part of a planned succession process, emphasizing the company's commitment to board succession planning and governance best practices.

MDU Resources, a member of the S&P SmallCap 600 index, provides regulated electric and natural gas distribution services across eight states, serving more than 1.2 million customers. Founded in 1924, the company is celebrating its 100th anniversary and operates throughout the Pacific Northwest and Midwest.