MDU Resources Q4 revenue misses estimates

Mdu Resources

05/02/2026 13:40

Overview

Energy delivery firm's Q4 revenue missed analyst expectations

Company acquired 49% stake in Badger Wind Farm

Outlook

MDU Resources expects 2026 EPS between $0.93 and $1.00

Company plans $560 mln capital investment in 2026

MDU Resources anticipates long-term EPS growth of 6%–8%

Result Drivers

ELECTRIC SEGMENT EXPENSES - Higher operation and maintenance expenses impacted electric utility earnings, partially offset by increased retail sales revenue

RATE RELIEF - Natural gas distribution earnings increased primarily due to rate relief in Washington, Montana, South Dakota, and Wyoming

PIPELINE EXPANSION - Pipeline segment earnings driven by expansion projects and demand for short-term firm capacity contracts

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Miss
$534 mln
$561.47 mln (2 Analysts)
Q4 Net Income
$76.30 mln
Q4 Operating Expenses
$426.60 mln
Q4 Operating Income
$107.40 mln
Q4 Pretax Profit
$84.40 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the multiline utilities peer group is "buy"

Wall Street's median 12-month price target for MDU Resources Group Inc is $22.50, about 7% above its February 4 closing price of $21.03

The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 19 three months ago

Press Release: ID:nPn1MJcxta

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)