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MDU Resources Group Inc (MDU)



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Upturn Advisory Summary
09/16/2025: MDU (2-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $19.5
1 Year Target Price $19.5
3 | Strong Buy |
0 | Buy |
2 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 15.83% | Avg. Invested days 37 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 3.24B USD | Price to earnings Ratio 18.03 | 1Y Target Price 19.5 |
Price to earnings Ratio 18.03 | 1Y Target Price 19.5 | ||
Volume (30-day avg) 5 | Beta 0.41 | 52 Weeks Range 13.90 - 19.77 | Updated Date 09/16/2025 |
52 Weeks Range 13.90 - 19.77 | Updated Date 09/16/2025 | ||
Dividends yield (FY) 3.20% | Basic EPS (TTM) 0.88 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 11.64% | Operating Margin (TTM) 8.54% |
Management Effectiveness
Return on Assets (TTM) 2.31% | Return on Equity (TTM) 6.36% |
Valuation
Trailing PE 18.03 | Forward PE 15.62 | Enterprise Value 5443515512 | Price to Sales(TTM) 1.75 |
Enterprise Value 5443515512 | Price to Sales(TTM) 1.75 | ||
Enterprise Value to Revenue 2.94 | Enterprise Value to EBITDA 10.67 | Shares Outstanding 204331008 | Shares Floating 201580872 |
Shares Outstanding 204331008 | Shares Floating 201580872 | ||
Percent Insiders 0.94 | Percent Institutions 81.29 |
Upturn AI SWOT
MDU Resources Group Inc

Company Overview
History and Background
MDU Resources Group Inc. was founded in 1924 as Montana-Dakota Utilities Co. It has evolved from a utility company to a diversified natural resource and infrastructure company through strategic acquisitions and organic growth.
Core Business Areas
- Construction Services: Includes electrical and mechanical contracting, transmission and distribution construction, and concrete and masonry services.
- Energy: Includes regulated utilities, natural gas pipelines and storage, and exploration and production.
- Construction Materials and Contracting: Aggregates and related services.
Leadership and Structure
Dennis P. Wilborn is the President and CEO. The organizational structure includes multiple business units, each with its own leadership and reporting lines, all under the oversight of the corporate headquarters.
Top Products and Market Share
Key Offerings
- Electrical and Mechanical Contracting: Provides comprehensive construction services. Market share data unavailable. Competitors include MYR Group, Quanta Services. Revenue information is not available.
- Regulated Utilities: Delivers electricity and natural gas to customers. Market share varies by region; data is not publicly available. Competitors include Black Hills Corporation and Xcel Energy. Revenue information is not available.
- Aggregates: Produces and supplies construction aggregates. Market share varies by region; data is not publicly available. Competitors include Vulcan Materials Company, Martin Marietta Materials. Revenue information is not available.
Market Dynamics
Industry Overview
The construction services and materials industry is influenced by infrastructure spending, economic growth, and regulatory environments. The energy sector is impacted by commodity prices, demand, and government policies.
Positioning
MDU Resources Group Inc. is a diversified company with a presence in multiple sectors. Its competitive advantages include a strong regional presence and diversified revenue streams.
Total Addressable Market (TAM)
The TAM across MDU's segments is estimated to be in the tens of billions of USD. MDU is positioned to capture portions of these markets through its established businesses.
Upturn SWOT Analysis
Strengths
- Diversified business model
- Strong regional presence
- Vertically integrated operations
- Experienced management team
Weaknesses
- Exposure to commodity price fluctuations
- Dependence on regulatory approvals
- Geographic concentration in the Upper Midwest
- High capital expenditure requirements
Opportunities
- Increased infrastructure spending
- Growth in renewable energy demand
- Expansion into new geographic markets
- Acquisitions of complementary businesses
Threats
- Economic downturns
- Changes in government regulations
- Increased competition
- Supply chain disruptions
Competitors and Market Share
Key Competitors
- MYR
- VMC
- MTZ
Competitive Landscape
MDU Resources Group Inc. competes with larger and smaller companies in its various segments. Its diversified business model provides a competitive advantage but also requires managing diverse risks.
Major Acquisitions
Knife River Corporation
- Year: 2023
- Acquisition Price (USD millions): 0
- Strategic Rationale: Spin-off not an acquisition. Creates two independent, publicly traded companies.
Growth Trajectory and Initiatives
Historical Growth: MDU Resources Group Inc.'s historical growth has been driven by acquisitions and organic growth in its core businesses.
Future Projections: Analyst estimates should be inserted here.
Recent Initiatives: Recent strategic initiatives include investments in renewable energy projects and acquisitions in the construction services sector.
Summary
MDU Resources Group Inc. is a diversified company operating in the energy and infrastructure sectors. It benefits from a strong regional presence and diversified revenue streams, yet it remains exposed to commodity price fluctuations and regulatory changes. Recent initiatives, like renewable energy investments, could drive future growth, but increased competition and economic downturns pose threats. Overall, the company showcases moderate strength with opportunities for improvement.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company filings, Analyst reports, Industry publications
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered investment advice. Market share data is estimated and may not be precise.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About MDU Resources Group Inc
Exchange NYSE | Headquaters Bismarck, ND, United States | ||
IPO Launch date 1987-11-05 | President, CEO & Director Ms. Nicole A. Kivisto | ||
Sector Industrials | Industry Conglomerates | Full time employees 2052 | Website https://www.mdu.com |
Full time employees 2052 | Website https://www.mdu.com |
MDU Resources Group, Inc. engages in the regulated energy delivery businesses in the United States. The company operates through three segments: Electric, Natural Gas Distribution, and Pipeline. It generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming. The company also distributes natural gas in Idaho, Minnesota, Montana, North Dakota, Oregon, South Dakota, Washington, and Wyoming; and supplies related value-added services. In addition, it provides natural gas transportation and underground storage services through a regulated pipeline system primarily in the Rocky Mountain and northern Great Plains regions; and cathodic protection non-regulated energy-related services. Further, the company offers transportation and storage services. MDU Resources Group, Inc. was incorporated in 1924 and is headquartered in Bismarck, North Dakota.

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