MDU Resources Q2 Net Income Jumps 55.5%, Reaffirms 2026 Guidance
MDU sits 27% above its 52-week low of $15.76.
Summary
MDU Resources reported Q2 2026 net income of $21.3 million, up 55.5% year-over-year, with EPS of $0.10 beating the prior year's $0.07, though revenue missed estimates. The electric segment drove the beat, earning $14.7 million on new rates, the Badger Wind Farm contribution, and an 8.2% jump in retail sales volumes. Management reaffirmed full-year 2026 EPS guidance of $0.93 to $1.00. The Bakken East Pipeline project advanced with all open season customers now under precedent agreements, and the FERC application is now expected in Q4 2026, keeping the $2.7-$3.2 billion project on track for late 2029/2030 in-service. A North Dakota electric rate case was filed June 30, which could provide further rate relief.
At the time of this announcement, MDU was trading at $20.09 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $4.2B. The 52-week trading range was $15.76 to $22.98. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: PR Newswire.