MDU Resources Q2 revenue misses estimates

MDU Resources

06/08/2026 13:37

Overview
US utility and pipeline operator's Q2 revenue missed analyst expectations
Net income rose 56% yr/yr, driven by new rates and customer growth
Company reaffirmed 2026 EPS guidance and advanced Bakken East Pipeline Project

Outlook
MDU Resources reaffirms 2026 EPS guidance at $0.93 to $1.00
Company expects continued customer growth and constructive regulatory outcomes to support 2026 results
MDU Resources maintains long-term EPS growth objective of 6% to 8%

Result Drivers
ELECTRIC SEGMENT GAINS - Earnings growth driven by Badger Wind Farm, new rates and higher retail sales volumes
DATA CENTER DEMAND - Increased electric retail sales volumes attributed in part to data center demand
NATURAL GAS SEGMENT IMPROVEMENT - New rates and higher retail sales volumes offset by increased interest expense
PIPELINE SEGMENT - Net income decline driven by lower other income and higher depreciation, partially offset by increased transportation revenue

Company press release: ID:nPn1nfBJda

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$375.20 mln
$396.56 mln (5 Analysts)
Q2 Net Income
 
$21.30 mln
 
Q2 Operating Expenses
 
$327.30 mln
 
Q2 Operating Income
 
$47.90 mln
 
Q2 Pretax Profit
 
$22.60 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 4 "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 $23.00, about 14.9% above its August 5 closing price of $20.02
The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 22 three months ago

Reuters Recommended Reads
Aug 4 - ONE Gas beats Q2 revenue estimates on new rates and customer growth, raises 2026 earnings outlook
Aug 5 - Western Midstream Q2 Adjusted EBITDA rises 19%, lifts 2026 outlook
Aug 5 - MGE Energy Q2 profit rises on electric segment strength

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.)