Welcome to our dedicated page for Mdu Resources SEC filings (Ticker: MDU), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
MDU Resources Group, Inc. filings document the operations, capital structure and governance of a NYSE-listed regulated energy delivery company. Form 8-K reports furnish quarterly and annual results, investor presentations, capital-investment plan updates and material agreements involving revolving credit, private shelf notes and forward-sale equity transactions.
Proxy materials describe board elections, executive compensation, equity awards and shareholder-voting matters. The filings also identify the company’s common stock, par value $1.00 per share, and provide formal disclosure around financing covenants, subsidiary-level pipeline funding arrangements and other capital-structure matters tied to utility and natural gas pipeline operations.
MDU Resources Group executive Rob L. Johnson, President-WBI, reported equity compensation and related tax withholding transactions in company stock. He received a grant of 5,830 restricted stock units, which will vest on December 31, 2028, if he remains employed through that date. A prior award led to 15,981 net shares vesting on December 31, 2025.
To cover tax liabilities from that 2025 vesting, 10,630 shares of common stock were withheld at a price of $20.36, equal to the closing price on February 18, 2026. After these events, he directly holds 82,665 shares of common stock and has an additional 43,947.0695 shares held indirectly in a 401(k) plan by a trustee.
KELLEY CHARLES M reported open-market purchase transactions in a Form 4 filing for MDU. The filing lists transactions totaling 5,000 shares at a weighted average price of $20.85 per share. Following the reported transactions, holdings were 8,031 shares.
Barrow Hanley Global Investors reported beneficial ownership of 12,894,945 shares of MDU Resources Group Inc common stock on a Schedule 13G. This represents 6.01% of the class as of 12/31/2025.
The firm has sole voting power over 9,467,326 shares and shared voting power over 3,427,619 shares. It has sole dispositive power over all 12,894,945 shares and no shared dispositive power. The filing states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of MDU Resources.
MDU Resources Group, Inc. filed a current report to note that it issued a news release announcing its financial results for the fourth quarter and full year of 2025. The news release is furnished as Exhibit 99 and is incorporated by reference into the report.
The company is also webcasting a conference call on February 5, 2026 to discuss these results and provide a business update. In addition, an investor presentation regarding the same period is available in the Investor Relations section of its corporate website. These materials are furnished, not filed, under the securities laws.
MDU Resources Group reported that its indirect subsidiary WBI Energy Transmission entered into an amendment to its Note Purchase and Private Shelf Agreement with PGIM, Inc. (Prudential) and other purchasers. The amendment extends through December 22, 2028 the period during which WBI may issue additional senior unsecured notes, called Shelf Notes, under this private shelf facility.
The Private Shelf Agreement permits issuance of up to $350 million of Shelf Notes. WBI has already issued $235 million, leaving $115 million available as of the report date. Any new Shelf Notes will have principal amount and interest rate set at issuance, and proceeds are intended for general corporate purposes, including funding previously announced capital expenditures related to WBI. The agreement includes customary financial and restrictive covenants and standard events of default and acceleration provisions.
MDU Resources Group Inc. reported that one of its directors acquired company stock as part of board compensation. On 12/31/2025, the director received 164 shares of common stock at a stated price of $0.0000 per share under the issuer's director compensation policy, by electing to take stock instead of a cash retainer.
Following this transaction, the director beneficially owns 11,367 shares of MDU Resources Group common stock in direct ownership. The filing indicates this was routine compensation rather than an open-market purchase or sale.
MDU Resources Group director Vernon A. Dosch received common stock as part of his board compensation. On 12/31/2025, he acquired 1,394 shares of MDU common stock at a price of $0.0000 per share, reflecting an election to take stock instead of a cash retainer under the company’s director compensation policy.
Following this transaction, he beneficially owned 16,130 shares of MDU common stock in direct ownership. The transaction was reported as an acquisition and relates to routine director compensation rather than an open-market purchase.
MDU Resources Group reports that underwriters have fully exercised their option to purchase an additional 1,522,842 shares of common stock through additional forward sale agreements with Wells Fargo, Bank of America and J.P. Morgan. These Additional Forward Shares were borrowed from third parties and sold to the underwriters, with settlement of the forward sale agreements to occur at dates the company selects on or before December 6, 2027.
The initial forward sale price is set at $18.90 per share, matching the price under the related underwriting agreement, and will be adjusted over time based on the overnight bank funding rate, a spread, expected dividends and stock loan costs. The company explains that these arrangements may affect diluted earnings per share depending on future share price and whether it chooses physical, cash or net share settlement, with potential dilution if shares are ultimately delivered.
MDU Resources Group, Inc. entered into an Amended and Restated Credit Agreement on December 11, 2025, extending the maturity of its senior unsecured revolving credit facility from May 31, 2028 to December 11, 2030. The facility maintains an initial commitment of $200 million, including a $25 million standby letter of credit subfacility and a $25 million swingline subfacility.
At the company’s request and subject to conditions, the total commitment may be increased by up to $50 million, and the company may request two additional one-year maturity extensions. The agreement carries a variable interest rate and a facility fee that depend on MDU’s senior unsecured debt rating; the facility fee is currently 0.175% of the commitment amount. A financial covenant limits the ratio of funded debt to total capitalization, on a consolidated basis, to no more than 65% at the end of any fiscal quarter.
MDU Resources Group entered into forward sale agreements covering 10,152,284 shares of its common stock in connection with an underwritten public offering. The forward sellers borrowed these shares from third parties and sold them to underwriters at an initial forward sale price of $19.04 per share, with a 30-day option for underwriters to buy up to 1,522,842 additional shares on the same terms. The company can choose to settle the forward agreements in cash, shares, or net share settlement by December 6, 2027, and the forward sale price will be adjusted over time for interest and expected dividends. Depending on settlement method and future share price, the transaction could dilute earnings per share and lead to cash payments between MDU and the forward purchasers.