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MDU Resources Group, Inc. reports developments for a regulated energy delivery business built around electric utility service, natural gas distribution and pipeline operations. Its utility operations provide electric and gas service across parts of the Pacific Northwest, Midwest, Rocky Mountain and northern Great Plains, while its pipeline business operates a natural gas transportation and storage network.
Recurring news includes quarterly earnings, weather effects on utility demand, capital-investment plans, common-stock dividend actions and updates from the pipeline segment. Company releases also address financing capacity and project planning tied to energy delivery infrastructure.
MDU Resources (NYSE: MDU) will webcast its Year‑End 2025 earnings conference call at 2:00 p.m. ET on Feb. 5, 2026. The company will release year‑end 2025 results before U.S. markets open on Feb. 5. The live webcast and a later replay will be available on the company website under Investors > Events & Presentations by selecting "Year‑End 2025 Earnings Conference Call."
Duke Energy (NYSE: DUK) announced that Preston Gillespie, executive vice president and chief generation officer and enterprise operational excellence, will retire after 40 years of service, remaining with the company through March 1, 2027. Effective March 1, 2026, Gillespie will shift responsibility to guide the company’s critical decision about new nuclear while Kelvin Henderson is appointed senior vice president, chief generation officer and enterprise operational excellence and joins the senior management committee. Steven Capps will become senior vice president and chief nuclear officer reporting to Henderson.
Knife River (NYSE: KNF) acquired the assets of Texcrete Operations LLC and TexAgg LLC on December 15, 2025, expanding in the Texas Triangle.
The acquisition adds six ready-mix plants, 85 ready-mix trucks, a sand-and-gravel site with 20+ years of aggregate reserves at current production volumes, and approximately 100 employees based in the Bryan/College Station market serving Brazos and Montgomery counties. Management said the deal supports a strategy focused on materials-based, vertically integrated operations in mid-size, high-growth markets, may help balance seasonality across Knife River’s northern operations, and could enable internal aggregate pull-through from existing Knife River assets.
Knife River (NYSE: KNF) was awarded a $112 million materials and paving subcontract for the State Highway 6 “Big 6” improvement in the Bryan/College Station area of Texas. Work began this month and the project is expected to complete in 2030. Knife River will supply about 928,000 tons of hot-mix asphalt for a 12-mile widening from four to six lanes and related interchange, auxiliary lane and shared-path work. Knife River is an asphalt and paving subcontractor to Fluor on the larger $671 million Texas Department of Transportation program. The contract is publicly funded by TxDOT and IIJA and may include additional materials (sand, MSE backfill, base course) on an as-needed basis.
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.
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