MDU Resources Group, Inc. (MDU) Earnings History
Earnings Pressure32 years of earnings data (1994–2025) · 5-year EPS trend is negative
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MDU Resources Group, Inc. (MDU) Earnings Overview
As of October 3, 2026, MDU Resources Group, Inc. (MDU) reported trailing twelve-month net income of $197M, reflecting -32.1% year-over-year growth. The company earned $0.93 per diluted share over the past four quarters, with a net profit margin of 10.2%.
Looking at the long-term picture, MDU's 5-year EPS compound annual growth rate (CAGR) stands at -13.8%, signaling declining earnings. The company achieved its highest annual net income of $432M in fiscal 2007.
MDU Resources Group, Inc. maintains positive profitability with a gross margin of 21.6%, operating margin of 15.5%, and net margin of 10.2%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including NI ($905M net income, 14.0% margin), OGE ($471M net income, 14.4% margin), AVA ($227M net income, 9.8% margin), MDU has room to improve margins relative to the peer group. Compare MDU vs NI →
MDU Earnings vs Peers
Earnings metrics vs comparable public companies
MDU Historical Earnings Data (1994–2025)
32 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $190M | -32.3% | $290M | $0.93 | 10.2% | 15.5% |
| 2024 | $281M | -32.2% | $266M | $1.37 | 16.0% | 15.1% |
| 2023 | $415M | +12.8% | $225M | $2.03 | 23.0% | 12.5% |
| 2022 | $367M | -2.8% | $201M | $1.81 | 21.0% | 11.5% |
| 2021 | $378M | -3.1% | $331M | $1.87 | 10.9% | 9.6% |
| 2020 | $390M | +16.3% | $545M | $1.95 | 7.1% | 9.8% |
| 2019 | $335M | +23.2% | $481M | $1.69 | 6.3% | 9.0% |
| 2018 | $272M | -3.1% | $402M | $1.39 | 6.0% | 8.9% |
| 2017 | $281M | +336.5% | $429M | $1.43 | 6.3% | 9.6% |
| 2016 | $64M | +110.3% | $409M | $0.33 | 1.6% | 9.9% |
| 2015 | -$622M | -308.7% | $254M | $-3.19 | -14.8% | 6.1% |
| 2014 | $298M | +6.9% | $488M | $1.55 | 6.4% | 10.5% |
| 2013 | $279M | +39942.9% | $493M | $1.47 | 6.3% | 11.0% |
| 2012 | $-700,000 | -100.3% | $19M | $-0.00 | -0.0% | 0.5% |
| 2011 | $213M | -11.5% | $406M | $1.12 | 5.3% | 10.0% |
| 2010 | $241M | +295.2% | $411M | $1.27 | 6.2% | 10.5% |
| 2009 | -$123M | -142.0% | -$153M | $-0.67 | -3.0% | -3.7% |
| 2008 | $294M | -32.0% | $512M | $1.59 | 5.9% | 10.2% |
| 2007 | $432M | +36.9% | $557M | $2.36 | 10.2% | 13.1% |
| 2006 | $316M | +14.8% | $532M | $1.74 | 7.8% | 13.1% |
| 2005 | $275M | +32.8% | $448M | $1.53 | 8.0% | 13.0% |
| 2004 | $207M | +18.1% | $321M | $1.17 | 7.6% | 11.8% |
| 2003 | $175M | +18.1% | $312M | $1.03 | 7.5% | 13.3% |
| 2002 | $148M | -4.8% | $266M | $0.92 | 7.3% | 13.1% |
| 2001 | $156M | +40.4% | $273M | $0.99 | 7.0% | 12.3% |
| 2000 | $111M | +32.0% | $217M | $0.80 | 5.9% | 11.6% |
| 1999 | $84M | +146.6% | $160M | $0.68 | 6.6% | 12.5% |
| 1998 | $34M | -37.5% | $71M | $0.29 | 3.8% | 7.9% |
| 1997 | $55M | +20.0% | $112M | $0.55 | 9.0% | 18.3% |
| 1996 | $46M | +9.4% | $111M | $0.47 | 8.8% | 21.6% |
| 1995 | $42M | +4.5% | $91M | $0.42 | 9.0% | 19.5% |
| 1994 | $40M | - | $78M | $0.41 | 8.9% | 17.4% |
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Peer Comparison
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MDU — Frequently Asked Questions
Quick answers to the most common questions about buying MDU stock.
What is MDU earnings per share (EPS)?
MDU trailing twelve-month (TTM) diluted EPS is $0.93, reflecting -32.1% year-over-year growth. The 5-year EPS CAGR is -13.8%. Complete EPS history from 1994 to 2025 is available in the table on this page.
What is MDU Resources Group, Inc.'s net income?
MDU Resources Group, Inc. (MDU) trailing twelve-month net income is $197M as of 2025. Earnings declined -32.1% year-over-year. MDU Resources Group, Inc. has been profitable for 10 consecutive years.
Is MDU profitable?
Yes, MDU is profitable with a TTM net income of $197M and a net profit margin of +10.2%. MDU Resources Group, Inc. has generated profits for 10 consecutive years.
What is MDU's earnings growth rate?
MDU compound annual EPS growth rates (CAGR): 1-Year: -32.1%, 3-Year: -19.9%, 5-Year: -13.8%, 10-Year: N/A. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1994 to 2025.
What are MDU's profit margins?
MDU Resources Group, Inc. net profit margin is +10.2%, operating margin is +15.5%, and gross margin is +21.6%. Margins are within a typical range for the sector. Return on Equity is +7.0%.
Is MDU growing earnings?
MDU earnings are declining — EPS fell -32.1% year-over-year. TTM net income dropped to $197M. This contrasts with the 5-year CAGR of -13.8%.
What was MDU's best earnings year?
MDU Resources Group, Inc.'s highest annual net income on record is $432M, achieved in fiscal year 2007. Earnings history on this page spans 1994 to 2025 and includes all annual and quarterly figures.
What were MDU's earnings last quarter?
MDU's most recent reported quarter was Q2 2026. Net income was $21M with diluted EPS of $0.10. For a full breakdown of all quarters, see the quarterly earnings table on this page.