Every 10-Q that MDU Resources Group, Inc. (MDU) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow MDU and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MDU filings page.
MDU Resources Group, Inc. reported stronger Q2 2026 results as a regulated electric, natural gas distribution and pipeline company. Operating revenues were $375.3 million versus $351.2 million a year earlier, with net income of $21.2 million and diluted EPS of $0.10 versus $13.8 million and $0.07. For the first six months, revenues were $981.3 million versus $1,026.0 million, while net income rose to $102.1 million and diluted EPS to $0.49 from $95.7 million and $0.47. Segment results reflected higher earnings from the electric business, a reduced seasonal loss in natural gas distribution, and modestly lower pipeline earnings mainly from lower other income and higher depreciation.
Total assets were $7.71 billion and stockholders’ equity $2.93 billion at June 30, 2026, with long‑term debt of $2.58 billion. Operating cash flow for the first half was $265.3 million, funding $193.5 million of capital expenditures. The company continued to access capital markets, issuing 1.3 million shares via its at‑the‑market program for $29.6 million and settling 4.3 million forward sale agreement shares for $81.3 million, with 7.4 million FSA shares still available. Pending regulatory proceedings include a North Dakota electric rate case seeking $34.5 million of annual revenue and a FERC pipeline case seeking $31.0 million.
MDU Resources Group reported first-quarter 2026 operating revenues of $605.98 million, down from $674.83 million a year earlier, with income from continuing operations of $80.95 million versus $82.47 million. Diluted earnings per share from continuing operations were $0.39, compared with $0.40.
The natural gas distribution segment remained the largest earnings contributor at $44.2 million, followed by pipeline at $15.3 million and electric at $14.5 million. Warmer weather reduced electric and gas retail volumes, while higher depreciation and interest from recent investments, including the Badger Wind Farm, weighed on results.
Cash from continuing operations was $149.34 million, funding $92.41 million in capital expenditures. The company also physically settled a portion of its equity forward sale agreements, issuing 4.3 million shares for $81.3 million in cash. Total assets were $7.68 billion and stockholders’ equity $2.90 billion at March 31, 2026.
MDU Resources Group reported higher results from continuing operations for Q3. Operating revenues were $315.0 million, up from $289.7 million, with operating income of $39.8 million versus $34.8 million. Income from continuing operations was $18.4 million and diluted EPS was $0.09, compared with $0.08 a year ago. Net income was $18.3 million, down from $64.6 million, reflecting prior-year gains from discontinued operations tied to the Everus spinoff.
For the nine months, operating revenues rose to $1.34 billion from $1.22 billion, and income from continuing operations increased to $115.0 million with diluted EPS of $0.56, up from $0.54. Cash provided by continuing operations reached $393.5 million. Capital expenditures were $353.8 million.
The company completed the Everus separation in 2024 and continues transition services, receiving $1.3 million in Q3. As of September 30, 2025, long-term debt was $2.19 billion. On August 7, 2025, MDU established an at-the-market equity program for up to $400.0 million; no shares have been issued. Shares outstanding were 204,331,170 as of November 3, 2025.