Here are the DEF 14A proxy statements from MDU Resources Group, Inc. (MDU) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A DEF 14A covers the proxy statement, with executive pay and the shareholder votes, 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 is asking stockholders to vote at its virtual 2026 annual meeting on four items: electing eight directors, an advisory approval of named executive officer pay, approving an Amended and Restated Long-Term Incentive Plan (LTIP), and ratifying Deloitte as independent auditor for Fiscal 2026.
The company highlights its first full year as a pure-play regulated energy business, serving more than 1.2 million electric and natural gas customers across eight states with 863 MW of owned generation and 30,840 miles of lines. In 2025 it recorded consolidated net income of $190.4 million, including record pipeline earnings of $68.2 million, and increased operating revenues by 6.7% while declaring $110.3 million in dividends, its 88th consecutive year of uninterrupted payouts.
MDU emphasizes its CORE strategy—Customers and communities, Operational excellence, Returns focused, and Employee driven—alongside board refreshment, majority voting, proxy access, independent board leadership, robust risk and AI governance, and a pay-for-performance program where 80% of the CEO’s 2025 target compensation and 63% of other NEOs’ target compensation were at risk, driven by financial, customer satisfaction, reliability, and safety goals.