MDU Resources (MDU)
Utilities · electric and natural gas utilities · NYSE
A regional regulated utility provider specializing in the safe and reliable delivery of electricity and natural gas to customers across the United States.
What MDU Resources does
MDU Resources Group, Inc. is a regulated energy delivery company that provides electricity and natural gas distribution services. Through its subsidiaries, including Montana-Dakota Utilities Co., Cascade Natural Gas Corporation, and Intermountain Gas Company, the company operates utility infrastructure serving customers across multiple states. Its business also encompasses natural gas transmission and storage operations.
Themes: regulated utilities, energy infrastructure, natural gas transmission, renewable energy transition
Fundamentals
- Price$19.95 as of 2026-08-21 close
- Market cap$4.2B as of 2026-08-21
- 1-year return+22.0% 2025-08-21 close $16.35 → 2026-08-21 close $19.95
- P/E22.99 as of 2026-08-24
- Net margin+10.5% as of 2026-08-24
- Gross margin-136.4% as of 2026-08-24
- ROE+6.8% as of 2026-08-24
- Debt / equity0.89 as of 2026-08-24
- Revenue growth (YoY)-1.7% as of 2026-08-24
- Revenue CAGR (3y)+2.4% SEC XBRL
- Beta0.73 as of 2026-08-24
- Last reported earnings2026-08-06 SEC EDGAR Form 8-K (Item 2.02)
Dividend: yield +2.6%; 2-year non-decreasing per-share dividend streak (SEC XBRL).
How MDU compares in its sector
- price-to-earnings ratiomiddle range 67 covered Utilities peers, as of 2026-08-24
- net profit marginmiddle range 71 covered Utilities peers, as of 2026-08-24
- operating marginbottom 25% 71 covered Utilities peers, as of 2026-08-24
- gross marginbottom 10% 53 covered Utilities peers, as of 2026-08-24
- return on equitybottom 25% 72 covered Utilities peers, as of 2026-08-24
- 3-year revenue CAGRmiddle range 70 covered Utilities peers
- indicated dividend yieldmiddle range 67 covered Utilities peers, as of 2026-08-24
- free cash flow (absolute dollars, latest fiscal year)middle range 57 covered Utilities peers, as of FY2025
Position among covered Utilities companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Top 10 scores & list membership
MDU is not currently in any published Top 10 list. Its scores are below.
Long-term score
37.2 #871 of 987 scored · #47 of 55 in Utilities
Valuation 51st (price to book 1.4, price to earnings 23) and long-term trend 47th (a "golden cross" — its 50-day average is above its 200-day); weakest is capital return (21st, consecutive years of dividend increases 2 years).
Short-term score
50.5 #745 of 1,704 scored · #18 of 59 in Utilities
Volume and participation 82nd: trading volume is about normal versus its 30-day average; setup 62nd: no Elliott-wave labelling currently fits its swings; weakest is trend 36th: it is trading 4.1% below its 50-day average, the short-term trend line.
Scores as of 21 Aug 2026. Each bar is a percentile: how this company ranked against every company the score ranked, 0–100. A list is a published formula and its output, not a recommendation. Method version 2.
Dividend coverage (FY2025)
Covered by reported results. In FY2025, MDU's dividend was covered by reported results (earnings payout 57%). This describes past coverage, not a forecast.
- Earnings payout57% dividends / net income
- Free-cash-flow payoutnot assessable free cash flow was not positive that year
Coverage derived from reported SEC EDGAR XBRL figures for FY2025 (dividends paid vs. net income and free cash flow, same fiscal year). This describes PAST coverage for one fiscal year — it does not predict whether a dividend will be maintained, raised, or cut, and a one-year payout ratio can be distorted by non-recurring items. Informational only — not financial advice.
How MDU Resources looks technically
MDU Resources (MDU) is trading 4.1% below its 200-day average, the long-term trend line — a long-term downtrend. Its 50-day average crossed above its 200-day average about 209 trading days ago — a "golden cross", a bullish long-term signal. There is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 15, below the 25 that marks a real trend). Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 38, neither overbought (above 70) nor oversold (below 30). It made a new 20-day low about 16 trading days ago.
Trend
8
| Distance from the 200-day | it is trading 4.1% below its 200-day average, the long-term trend line — a long-term downtrend | -4.1% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $20.81 | $20.81 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $20.80 | $20.80 |
| Swing structure | each recent peak has been lower than the one before it and each dip deeper — the pattern chart-watchers call a downtrend, which describes where price has already been and not where it goes next | lower highs and lower lows |
| Last swing turn | its last significant turn was a swing high 15 calendar days ago — the swings before that are what the structure reading is measured on | 15 sessions |
| Wave structure | its recent swings can be read as a five-part downward sequence — what Elliott-wave chartists call an impulse — now in leg 3 of five; the labelling fails if price closes above 21.01. It is one of several labellings that fit, and it describes the swings already printed, not what comes next. The same swings also read as a three-part correction in leg C. | possible downward five-wave sequence, in wave 3 (one of several readings) |
| Since the 50/200 cross | its 50-day average crossed above its 200-day average about 209 trading days ago — a "golden cross", a bullish long-term signal | 209 sessions |
| Trend strength (14-day ADX) | there is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 15, below the 25 that marks a real trend) | 15.2 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 38, neither overbought (above 70) nor oversold (below 30) | 38.1 |
|---|---|---|
| Position in its 14-day range | it is trading near the bottom of its 14-day range ($19.75 to $21.01) — its "stochastic" reading is 16 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been slipping within that range over the last few sessions. | 16.2 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, is in positive territory (momentum leaning bullish) | 11 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $22.98 | $22.98 |
|---|---|---|
| From the 52-week high | it is 13.2% below its 52-week high (its highest price of the past year) | -13.2% |
| Above the 52-week low | it is 26.6% above its 52-week low (its lowest price of the past year) | +26.6% |
| Below the 52-week high | it is 13.2% below its highest point of the past year | 13.2% |
| Since a 20-day breakout | it made a new 20-day low about 16 trading days ago | 16 sessions |
| Since a 55-day breakout | it made a new 55-day low about 16 trading days ago | 16 sessions |
| All-time high | its highest closing price on record is $22.98 (set on 2026-05-11) | $22.98 |
| Given back of the 52-week move | over the past year its closes ranged ($15.85 to $22.80), and it has given back roughly a third of its rise from last year’s low — 41% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $18.28 to $18.50. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 41.0% |
| From the all-time high | it is 13.2% below its all-time high | -13.2% |
| Nearest price level | it is trading 1.1% below a resistance level at $20.17 — a price it turned at six times since 2024-11-25, most recently on 2026-07-06. Since 2024-08-21 it has 8 such levels below the current price and 3 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | +1.1% |
| All-time low | its lowest closing price on record is $4.86 (set on 2009-03-06) | $4.86 |
| Above the all-time low | it is 310.2% above its all-time low | +310.2% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are narrower than usual versus its own recent 6-month history (tighter than about 86% of it) | 14th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $0.4246 between its high and its low — about 2.1% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $0.4246 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $19.78 and $20.93 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $19.78 – $20.36 – $20.93 |
| Typical daily range (% of price) | its price moves about 2.1% in a typical session — calmer than most companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 2.1% |
| Stretch from the 200-day average | it is trading 2.0 daily ranges below its 200-day average price (4.1% below it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 2.0 daily ranges below its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 1.17× |
|---|
Analyst
2
| Change in the average price target | analysts' average price target is unchanged from the prior reading | 0.0% |
|---|---|---|
| Change in the consensus rating | the analyst consensus rating is unchanged since the prior reading | unchanged |
Price gaps
1
| Gap at the open | it opened on 2026-08-21 0.9% above the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and traded back through that level before the close | +0.9% |
|---|
Price streaks
1
| Closing streak | it has closed lower 2 sessions in a row, a -2.68% move over the run — an unbroken run of down days, which describes what has already happened and says nothing about the next session | 2 sessions down |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 7.3 percentage points (the stock lost 5.0% while the market gained 2.3%) | -7.3% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 11.7 percentage points (the stock lost 8.6% while the market gained 3.1%) | -11.7% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 12.4 percentage points (the stock lost 1.4% while the market gained 11.1%) | -12.4% |
| vs market, 12 months | over the past 12 months this stock beat the market by 1.5 percentage points (the stock gained 22.0% while the market gained 20.5%) | +1.5% |
Signal agreement
2
| Bullish technical signals | 3 of the 9 technical signals we can compute for it are currently in a bullish state: a "golden cross" — its 50-day average is above its 200-day, MACD momentum is positive, near the bottom of its 14-day range (oversold) — these describe past price behaviour, not a forecast | 3 of 9 |
|---|---|---|
| Bearish technical signals | 3 of the 9 technical signals we can compute for it are currently in a bearish state: trading below its 200-day average, lagging the market over 6 months, trading below the Ichimoku cloud — these describe past price behaviour, not a forecast | 3 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 5.0% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-07-16 and projected forward over today's price, the side traders read as an established downtrend, with the band above acting as the level that would have to be cleared. The band itself is moderate, spanning 3.1% of the share price. | -5.0% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 5% below the average price paid so far this year, so the typical buyer over that stretch is under water. That average is $20.93 — a volume-weighted average of daily closes over 157 sessions, not a true tick-by-tick VWAP. | -4.7% |
|---|---|---|
| Vs the average paid since it last reported | the price is 3% below the average price paid since it last reported on 2026-08-06 (its 10-Q), so the typical buyer over that stretch is under water. That average is $20.50 — a volume-weighted average of daily closes over 12 sessions, not a true tick-by-tick VWAP. | -2.7% |
Price levels it has turned at before
MDU last closed at $19.95 on 2026-08-21. Since 2024-08-21 it has turned at 8 prices below its last close and 3 above; the 3 nearest below and the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $20.17 | Resistance | 1.1% above the last close | turned there six times · 2024-11-25 to 2026-07-06 |
| $19.64 | Support | 1.6% below the last close | turned there five times · 2025-12-12 to 2026-08-03 |
| $19.01 | Support | 4.7% below the last close | turned there four times · 2025-01-21 to 2025-12-19 |
| $20.93 | Resistance | 4.9% above the last close | turned there six times · 2026-01-22 to 2026-08-06 |
| $21.42 | Resistance | 7.4% above the last close | turned there five times · 2025-11-12 to 2026-07-14 |
| $17.82 | Support | 10.7% below the last close | turned there three times · 2025-05-08 to 2025-08-06 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a five-part downward sequence — what Elliott-wave chartists call an impulse — now in leg 3 of five.
This labelling fails — stops being a possible reading at all — if it closes above $21.01.
This is one of several labellings that fit the same swings, so treat it as a reading rather than the reading. It was chosen from 2 labellings that survived the rules, counting shorter readings of the same bars.
On past moves of this shape the leg has usually ended somewhere between $17.69 and $18.96 — that is where it has tended to end if the count holds, not a forecast of where the price goes.
Alternate reading: The same swings also read as a three-part correction in leg C, which fails on a close above $21.01.
This labelling was already in place when we began recording count changes on 2026-08-13, so how long it has stood is not something we can say yet.
Read from daily closes as of 2026-08-21.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading below the 200-day moving average · trendless / choppy (low ADX) · lagging the market · At the bottom of its 14-day range (stochastic below 20) · Under water since its last earnings report (below the anchored VWAP) · Trading below the Ichimoku cloud | Learn: moving average · golden cross · adx · rsi · breakout
Based on daily closing prices as of 2026-08-21. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Consensus ratingBuy (1.78 mean, 1=Strong Buy…5=Strong Sell) — 8 analysts
- Mean price target$23.63 range $21.00 – $27.00; median $23.00
Analyst estimates, as of 2026-08-22. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for MDU
- Consensus EPS estimate$0.09938 next reporting period, as of 2026-08-22
Change over time is not available yet: it needs two readings of the same reporting period at least 30 days apart, and we have been recording these estimates since 2026-08-04. An estimate for a DIFFERENT quarter is not a revision, so a reading from before the last report is never compared with one after it.
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["Regulatory risk associated with rate-setting and compliance with state and federal utility commissions.","Environmental and climate change regulations impacting fossil fuel generation and emissions.","Operational risks related to the maintenance and integrity of utility and pipeline infrastructure."]
What changed in the latest 10-Q
AI-assisted comparison of MDU's 10-Q filed 2026-05-07 against the prior one filed 2025-11-10.
Management's Discussion & Analysis (MD&A)
- Added:
- Newer filing (2026-05-07) adds: 'Dividends The Company's board of directors established a long-term dividend payout ratio target of 60 percent to 70 percent of regulated energy delivery earnings.' as a standalone section heading and content.
- Removed:
- Older filing (2025-11-10) removes: entire 'Strategic Initiatives' section discussing Everus separation completed October 31, 2024, tax-free spinoff details, record date of October 21, 2024, and separation costs incurred in 2024 and 2025.
- Older filing (2025-11-10) removes: 'Based on the Company becoming a pure-play regulated energy delivery business,' preamble before Dividends section.
- Older filing (2025-11-10) removes: entire 'One Big Beautiful Bill Act' section discussing July 4, 2025 reconciliation bill enactment, 2017 Tax Cuts and Jobs Act extensions, IRA clean energy tax incentives scaling back, and tax law impacts evaluation.
- Reworded:
- Market Trends section reference changed from 'Part II,' (older, 2025-11-10) to 'Part I,' (newer, 2026-05-07).
- Notes:
- The newer filing appears to be a Q1 2026 filing (period ending 2026-03-31) while the older is a Q3 2025 filing (period ending 2025-09-30), representing different reporting periods and contexts for what was removed.
- The removal of Strategic Initiatives and One Big Beautiful Bill Act sections may reflect temporal differences in disclosure relevance rather than substantive content changes.
Risk Factors
- Added:
- 2025 Annual Report definition added (filed 2026-05-07)
- Badger Wind Farm definition added (filed 2026-05-07)
- Big Stone Station definition added (filed 2026-05-07)
- Binding Open Season definition added (filed 2026-05-07)
- CPP (Climate Protection Program) definition added (filed 2026-05-07)
- Ninth Circuit definition added (filed 2026-05-07)
- OEQC (Oregon Environmental Quality Commission) definition added (filed 2026-05-07)
- Precedent Agreement definition added (filed 2026-05-07)
- JETx description now includes 50 percent ownership detail (filed 2026-05-07)
- Item 4. Mine Safety Disclosures added to table of contents (filed 2026-05-07)
- Introduction section updated to reference March 31, 2026 as of date (filed 2026-05-07)
- Removed:
- 2024 Annual Report definition removed (filed 2025-11-10)
- IPUC (Idaho Public Utilities Commission) definition removed (filed 2026-05-07)
- IRP (Integrated Resource Plan) definition removed (filed 2026-05-07)
- MAOP (Maximum allowable operating pressure) definition removed (filed 2026-05-07)
- OPUC (Oregon Public Utility Commission) definition removed (filed 2026-05-07)
- Securities Act definition removed (filed 2026-05-07)
- SPP (Southwest Power Pool) definition removed (filed 2026-05-07)
- Washington DOE definition removed (filed 2026-05-07)
- WYPSC (Wyoming Public Service Commission) definition removed (filed 2026-05-07)
- Paragraph in Introduction discussing October 31, 2024 Everus separation completed and related details removed (filed 2026-05-07)
- Reference to September 30, 2025 as of date removed; replaced with March 31, 2026 (filed 2026-05-07)
- Reworded:
- Everus definition changed from 'proposed separation' to 'separation' (filed 2026-05-07)
- TSA definition changed from 'will provide' to 'provided' regarding post-separation services (filed 2026-05-07)
- Notes:
- The newer filing excerpt appears truncated at 'Consolidated St' and does not include the full Risk Factors section; comparison is based on available definitions and introduction text
- Older filing excerpt also appears truncated in the Introduction section; the full paragraphs on Everus separation may continue beyond the provided text
- Page numbers changed from 54-56 in older filing to 44-46 in newer filing, consistent with document length reduction
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
No open-market insider purchases or sales are on record for MDU — recent Form 4 activity was compensation-related (awards, option exercises, or tax withholding), not open-market buying or selling.
View full insider trading history → View SEC Form 3/4/5 filingsOnly open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Institutional ownership (13F)
6 institutional 13F filers reported holding MDU as of 2026-03-31 (quarter-end position, filed within 45 days).
- Distinct 13F filers 6
- Reported shares held 34,928,842
- Reported value $724,705,052
reported quarterly holdings change (2025-12-31 → 2026-03-31): 1 new, 1 increased, 4 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Short interest (FINRA)
MDU had 13,710,846 shares of reported short interest as of the 2026-07-31 FINRA settlement date (delayed, bi-monthly; not real-time).
MDU had 6.52% of its shares outstanding sold short as of the 2026-07-31 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 11.54 days to cover at the same settlement.
- Reported short interest (shares) 13,710,846
- Short interest (% of shares outstanding) 6.52%
- Prior settlement (shares) 12,619,019
- Reported change 8.65%
- Days to cover (reported) 11.54
Reported to FINRA as of the 2026-07-31 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Xcel Energy (XEL)
- Black Hills Corporation (BKH)
- NorthWestern Energy (NWE)
- Portland General Electric (POR)
- Avista Corporation (AVA)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
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Frequently asked questions
What does MDU Resources (MDU) do?
MDU Resources Group, Inc. is a regulated energy delivery company that provides electricity and natural gas distribution services. Through its subsidiaries, including Montana-Dakota Utilities Co., Cascade Natural Gas Corporation, and Intermountain Gas Company, the company operates utility infrastructure serving customers across multiple states. Its business also encompasses natural gas transmission and storage operations.
What sector is MDU Resources (MDU) in?
MDU Resources (MDU) is classified in the Utilities sector. Its industry is electric and natural gas utilities. It trades on NYSE.
Does MDU pay a dividend?
Yes — MDU Resources (MDU) pays a dividend, with an indicated yield of about 2.63% and 2-year non-decreasing per-share dividend streak (SEC EDGAR XBRL) (market data, as of 2026-08-24). Informational only — not financial advice.
Who are MDU Resources's (MDU) competitors?
Notable peers of MDU Resources (MDU) include Xcel Energy, Black Hills Corporation, NorthWestern Energy, Portland General Electric and Avista Corporation. This peer set is informational only — not financial advice.
Is MDU Resources (MDU) overbought or oversold right now?
MDU Resources (MDU) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 38, in the neutral middle (as of 2026-08-21). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on MDU come from?
Fundamentals and prices come from market data, as of 2026-08-24; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: market data, as of 2026-08-24. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-08-21.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.