MDU Resources Q2 net income drops 77%

Mdu Resources

07/08/2025 13:39

Overview

MDU Resources Q2 net income drops to $13.7 mln from $60.4 mln yr ago

EPS for Q2 falls to $0.07 from $0.30 yr ago, impacted by higher expenses

Co narrows 2025 earnings guidance to $0.88-$0.95 per share

Outlook

MDU Resources narrows 2025 EPS guidance to $0.88-$0.95

Company maintains long-term EPS growth rate of 6%-8%

MDU Resources assumes no equity issuances in 2025

Company expects utility customer growth at 1%-2% annually

Result Drivers

PIPELINE SEGMENT - Higher transportation revenue and strong demand for short-term firm transportation capacity drove growth

ELECTRIC UTILITY - Increased retail sales volumes driven by data center demand, offset by higher operation and maintenance expenses

NATURAL GAS DISTRIBUTION - Warmer weather led to lower volumes, partially offset by rate relief in Washington and Montana

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
$351.20 mln
Q2 EPS
$0.07
Q2 Net Income
$13.70 mln
Q2 Operating Expenses
$320.80 mln
Q2 Operating Income
$30.40 mln
Q2 Pretax Profit
$14.90 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "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 $19.00, about 7.9% above its August 6 closing price of $17.49

The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 17 three months ago

Press Release: ID:nPnN7Sgva

(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.)