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MDU Resources Group Inc (MDU)


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Upturn Advisory Summary
10/21/2025: MDU (3-star) is a STRONG-BUY. BUY since 19 days. Simulated Profits (13.42%). Updated daily EoD!
1 Year Target Price $20.2
1 Year Target Price $20.2
3 | Strong Buy |
0 | Buy |
2 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 31.38% | Avg. Invested days 35 | Today’s Advisory Regular Buy |
Upturn Star Rating ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 3.95B USD | Price to earnings Ratio 21.99 | 1Y Target Price 20.2 |
Price to earnings Ratio 21.99 | 1Y Target Price 20.2 | ||
Volume (30-day avg) 5 | Beta 0.42 | 52 Weeks Range 14.46 - 19.77 | Updated Date 10/21/2025 |
52 Weeks Range 14.46 - 19.77 | Updated Date 10/21/2025 | ||
Dividends yield (FY) 2.68% | 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 21.99 | Forward PE 16.92 | Enterprise Value 5735709085 | Price to Sales(TTM) 2.14 |
Enterprise Value 5735709085 | Price to Sales(TTM) 2.14 | ||
Enterprise Value to Revenue 3.1 | Enterprise Value to EBITDA 11.24 | Shares Outstanding 204331170 | Shares Floating 201578829 |
Shares Outstanding 204331170 | Shares Floating 201578829 | ||
Percent Insiders 0.95 | Percent Institutions 80.45 |
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 primarily utility-focused company to a diversified energy and infrastructure business through strategic acquisitions and organic growth.
Core Business Areas
- Construction Materials and Contracting: Provides construction materials and services, including aggregates, asphalt paving, ready-mix concrete, and construction contracting services.
- Electric and Natural Gas Utilities: Provides electric and natural gas service to customers in Montana, North Dakota, South Dakota, and Wyoming.
- Pipeline: Transports and stores natural gas through its pipeline systems.
Leadership and Structure
The company is led by a board of directors and a senior management team. The organizational structure is divided according to its core business segments.
Top Products and Market Share
Key Offerings
- Construction Materials: Aggregates, asphalt, and ready-mix concrete. Market share varies regionally; significant competitors include Vulcan Materials (VMC), Martin Marietta Materials (MLM), and CRH plc (CRH).
- Electric Service: Electricity distribution. Service territories are regulated, competitors are other regional utilities.
- Market Share (%): Market share is largely defined by geographic service territory.
- Market Share (%): Market share is largely defined by geographic service territory.
- Natural Gas Service: Natural gas distribution. Service territories are regulated, competitors are other regional utilities.
Market Dynamics
Industry Overview
The construction materials industry is driven by infrastructure spending and housing construction. The utility industry is undergoing a transition to renewable energy sources. Pipeline businesses are impacted by energy prices and regulations.
Positioning
MDU Resources is a diversified player, which allows it to mitigate risk. Its utility business provides a stable revenue stream, while its construction materials business offers growth potential. Pipeline positions within energy market
Total Addressable Market (TAM)
TAM for construction materials is estimated at hundreds of billions of dollars annually in the U.S. TAM for utilities is also significant, driven by population growth and energy demand. The pipeline TAM is tied to the amount of pipeline infrastructure.
Upturn SWOT Analysis
Strengths
- Diversified Business Model
- Regulated Utility Operations
- Strong Regional Presence
- Integrated Operations
Weaknesses
- Exposure to Commodity Prices
- Dependence on Regulatory Approvals
- Cyclicality of Construction Materials Market
- Geographic Concentration
Opportunities
- Infrastructure Spending
- Renewable Energy Investments
- Acquisitions
- Population Growth in Service Territories
Threats
- Economic Downturns
- Rising Interest Rates
- Environmental Regulations
- Competition
Competitors and Market Share
Key Competitors
- VMC
- MLM
- CRH
- NI
- NWN
Competitive Landscape
MDU Resources benefits from its diversified business model. However, it faces competition from larger, more specialized companies in each of its segments.
Major Acquisitions
Knife River Corporation
- Year: 2023
- Acquisition Price (USD millions): MDU spun off its construction materials and contracting business to form Knife River Corporation
- Strategic Rationale: Spun off to allow MDU to focus on the regulated energy business.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been driven by organic growth in its utility and construction materials businesses, as well as strategic acquisitions.
Future Projections: Future growth is expected to be driven by infrastructure spending, renewable energy investments, and population growth in its service territories.
Recent Initiatives: Highlight recent strategic initiatives undertaken by MDU Resources Group Inc.
Summary
MDU Resources is a diversified energy and infrastructure company with a stable utility business and a cyclical construction materials business. Its diversification mitigates risk, but its exposure to commodity prices and regulatory approvals presents challenges. The company's future growth depends on infrastructure spending, renewable energy investments, and population growth in its service territories. MDU Resources has a strong regional presence but faces competition from larger companies in its various segments.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Website
- SEC Filings
- Industry Reports
- Financial News Sources
Disclaimers:
This analysis is based on publicly available information and is not financial advice. Market conditions and company performance may change over time. Past performance is no guarantee of future results.
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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