MDU Resources Group Inc Stock Research

Market Summary

USD29.38+0.32

Market Closed

1.10%

MDU Alerts

Big jump in Revenue (Y/Y)
Big jump in Earnings (Y/Y)

MDU Stock Price

MDU RSI Chart

MDU Valuation

Market Cap

5.9B

Price/Earnings (Trailing)

16.05

Price/Sales (Trailing)

0.85

EV/EBITDA

6.4

Price/Free Cashflow

11.56

MDU Price/Sales (Trailing)

MDU Profitability

EBT Margin

6.63%

Return on Equity

10.24%

Return on Assets

3.8%

Free Cashflow Yield

8.65%

MDU Fundamentals

MDU Revenue

Revenue (TTM)

7.0B

Revenue Y/Y

28.83%

Revenue Q/Q

-5.97%

MDU Earnings

Earnings (TTM)

367.5M

Earnings Y/Y

35.31%

Earnings Q/Q

-20.87%

Price Action

52 Week Range

24.9232.53

(Low)(High)

Last 7 days

-0.7%

Last 30 days

-8.2%

Last 90 days

-4.4%

Trailing 12 Months

15.4%

MDU Financial Health

Current Ratio

1.36

Debt/Equity

0.86

Debt/Cashflow

0.15

MDU Investor Care

Dividend Yield

3.07%

Dividend/Share (TTM)

0.86

Shares Dilution (1Y)

0.24%

Diluted EPS (TTM)

1.81

Peers (Alternatives to MDU Resources Group)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
D	45.2B	17.2B	-3.86%	-32.94%	45.47	2.63	22.99%	-69.77%
SRE	44.6B	14.4B	-7.06%	-10.47%	19.53	3.09	12.30%	56.19%
ED	33.6B	15.7B	3.63%	4.64%	20.22	2.14	14.58%	23.33%
PEG	29.4B	9.8B	-3.16%	-12.62%	28.55	3	0.80%	259.10%
WEC	28.6B	9.6B	1.96%	-2.50%	20.28	2.98	15.41%	8.56%
NI	11.1B	5.9B	-2.77%	-10.92%	13.86	1.91	19.41%	37.48%
MID-CAP
MDU	5.9B	7.0B	-8.19%	15.40%	16.05	0.85	22.76%	-2.81%
BKH	3.9B	2.6B	-2.23%	-15.51%	15.07	1.53	30.92%	9.14%
NWE	3.3B	1.5B	-3.29%	-4.37%	17.92	2.22	7.69%	-2.05%
AVA	3.0B	1.7B	0.36%	-4.34%	19.51	1.74	20.61%	5.32%
SJW	2.3B	620.7M	-2.88%	13.52%	31.05	3.69	8.19%	22.07%
SMALL-CAP
MSEX	1.3B	162.4M	-8.46%	-24.95%	30.74	8.03	13.48%	16.11%
SPH	955.1M	1.5B	-2.53%	-2.17%	5.83	0.63	12.11%	54.37%
UTL	886.1M	563.2M	-0.31%	14.18%	21.4	1.57	18.99%	14.68%
CDZI	207.7M	1.1M	-4.80%	84.65%	-8.73	194.52	90.04%	28.68%

Financials for MDU Resources Group

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	6.3%	6,974	6,558	6,167	5,869	5,681
Operating Expenses	6.0%	6,400	6,038	5,667	5,353	5,147
S&GA Expenses	4.9%	4,979	4,748	4,414	4,175	4,079
EBITDA	7.0%	909	850	823	843	-
EBITDA Margin	0.6%	0.13*	0.13*	0.13*	0.14*	-
Earnings Before Taxes	10.6%	462	418	406	441	467
EBT Margin	4.0%	0.07*	0.06*	0.07*	0.08*	-
Interest Expenses	9.9%	119	109	101	96.00	94.00
Net Income	9.1%	367	337	328	358	378
Net Income Margin	2.6%	0.05*	0.05*	0.05*	0.06*	-
Free Cahsflow	22.9%	510	415	430	513	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	0.6%	9,661	9,607	9,329	8,971	8,910
Current Assets	-0.6%	2,012	2,024	1,859	1,572	1,551
Cash Equivalents	7.9%	81.00	75.00	65.00	65.00	54.00
Inventory	-2.8%	388	399	401	380	336
Net PPE	1.6%	6,092	5,994	5,889	5,801	5,756
Goodwill	0.0%	764	763	763	763	765
Current Liabilities	0.8%	1,480	1,468	1,381	1,167	1,092
. Short Term Borrowings	146.5%	247	100	100	100	-
LT Debt, Current	-63.6%	78.00	214	214	148	148
LT Debt, Non Current	-0.4%	2,763	2,774	2,714	2,600	2,594
Shareholder's Equity	2.7%	3,587	3,492	3,387	3,361	3,383
Retained Earnings	3.8%	1,951	1,880	1,776	1,750	1,762
Additional Paid-In Capital	0.7%	1,466	1,455	1,454	1,451	1,461
Accumulated Depreciation	0.3%	3,272	3,263	3,211	3,158	3,216
Shares Outstanding	0%	203	203	203	-	-

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	22.9%	510	415	430	513	496
Share Based Compensation	7.4%	10.00	10.00	11.00	15.00	15.00
Cashflow From Investing	30.4%	-638	-918	-910	-930	-885
Cashflow From Financing	-70.2%	155	521	487	427	385
Dividend Payments	0.6%	177	176	174	173	171
Buy Backs	0%	7.00	7.00	7.00	7.00	7.00

Risks for MDU

What is the probability of a big loss on MDU?

29.6%

Probability that MDU Resources Group stock will be more than 20% underwater in next one year

19.2%

Probability that MDU Resources Group stock will be more than 30% underwater in next one year.

18.5%

Probability that MDU Resources Group stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does MDU drawdown profile look like?

Y-axis is the maximum loss one would have experienced if MDU Resources Group was unfortunately bought at previous high price.

Drawdowns

Returns for MDU

Cumulative Returns on MDU

4.5%

10-Year Cumulative Returns

9.4%

7-Year Cumulative Returns

3.7%

5-Year Cumulative Returns

13.1%

3-Year Cumulative Returns

What are the long-term rolling returns for MDU?

FIve years rolling returns for MDU Resources Group.

Annualized Returns

Which funds bought or sold MDU recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-23	MetLife Investment Management, LLC	reduced	-1.96	312,634	3,883,640	0.03%
2023-03-17	American Portfolios Advisors	reduced	-28.2	-11,837	31,617	-%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	reduced	-2.67	109,142	1,484,140	-%
2023-03-06	Rockefeller Capital Management L.P.	unchanged	-	-	1,000	-%
2023-03-03	TIAA, FSB	reduced	-1.13	39,213	448,213	-%
2023-02-28	Voya Investment Management LLC	reduced	-2.4	336,776	4,416,780	0.01%
2023-02-27	CASCADE INVESTMENT GROUP, INC.	new	-	606,800	606,800	0.63%
2023-02-24	Garde Capital, Inc.	unchanged	-	17,000	179,000	0.02%
2023-02-24	NATIXIS	new	-	147,392	147,392	-%
2023-02-22	TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY	unchanged	-	92,000	937,000	0.01%

Latest Funds Activity

Are funds buying MDU calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own MDU

No. of Funds

MDU Resources Group News

Schedule 13G FIlings of MDU Resources Group

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	vanguard group inc	10.83%	22,021,300	SC 13G/A
Jan 24, 2023	blackrock inc.	9.3%	18,827,655	SC 13G
Jan 24, 2023	corvex management lp	4.99%	10,147,041	SC 13D/A
Feb 11, 2022	state street corp	6.76%	13,751,230	SC 13G/A
Feb 09, 2022	vanguard group inc	11.08%	22,537,128	SC 13G/A
Feb 01, 2022	blackrock inc.	8.9%	18,020,281	SC 13G/A
Feb 10, 2021	vanguard group inc	10.34%	20,724,538	SC 13G/A
Feb 09, 2021	state street corp	6.83%	13,699,907	SC 13G
Jan 29, 2021	blackrock inc.	8.5%	17,069,272	SC 13G/A
Feb 14, 2020	state street corp	6.86%	13,740,378	SC 13G

MDU Fair Value

MDU Resources Group fair value in different scenarios

The table shows the Fair Value estimates for MDU Resources Group for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	24.62 -16.20%	35.61 21.20%	43.88 49.35%	58.51 99.15%	72.77 147.69%
Current Inflation	23.73 -19.23%	28.37 -3.44%	37.70 28.32%	47.90 63.04%	56.78 93.26%
Very High Inflation	19.71 -32.91%	26.98 -8.17%	31.92 8.65%	41.66 41.80%	50.82 72.97%

Historical MDU Resources Group Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of MDU Resources Group

View All Filings

Date Filed	Form Type	Document
Mar 24, 2023	ARS	ARS
Mar 24, 2023	DEF 14A	DEF 14A
Mar 24, 2023	DEFA14A	DEFA14A
Mar 03, 2023	3	Insider Trading
Feb 24, 2023	10-K	Annual Report
Feb 21, 2023	4	Insider Trading
Feb 21, 2023	4	Insider Trading
Feb 21, 2023	4	Insider Trading
Feb 21, 2023	4	Insider Trading
Feb 21, 2023	4	Insider Trading

Latest Insider Trading transactions for MDU

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-02-16	Kivisto Nicole A	sold (taxes)	-223,480	31.16	-7,172	president & ceo-montana-dakota
2023-02-16	Thiede Jeffrey S	sold (taxes)	-213,477	31.16	-6,851	president & ceo mdu csg
2023-02-16	Barth Stephanie A	sold (taxes)	-58,954	31.16	-1,892	vp, cao & controller
2023-02-16	Hastings Trevor J	sold (taxes)	-138,288	31.16	-4,438	president & ceo - wbi holdings
2023-02-16	Goodin David L	sold (taxes)	-968,920	31.16	-31,095	president & ceo
2023-02-16	Thiede Jeffrey S	acquired	572,440	11.657	49,107	president & ceo mdu csg
2023-02-16	Barth Stephanie A	acquired	164,369	11.3522	14,479	vp, cao & controller
2023-02-16	Hastings Trevor J	acquired	347,341	13.9198	24,953	president & ceo - wbi holdings
2023-02-16	Jones Anne M	acquired	176,116	10.8034	16,302	vp & chro
2023-02-16	Jones Anne M	sold (taxes)	-62,382	31.16	-2,002	vp & chro

About MDU Resources Group

David L. Goodin

www.mdu.com

12800

MDU Resources Group, Inc. engages in the regulated energy delivery, and construction materials and services businesses in the United States. The company's Electric segment generates, transmits, and distributes electricity for residential, commercial, industrial, and municipal customers in Montana, North Dakota, South Dakota, and Wyoming, as well as operates 3,500 miles of transmission lines and 4,800 miles of distribution lines. Its Natural Gas Distribution segment distributes natural gas for residential, commercial, and industrial customers in Idaho, Minnesota, Montana, North Dakota, Oregon, South Dakota, Washington, and Wyoming; and offers supply-related value-added services. The company's Pipeline segment 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 and other energy-related services. Its Construction Materials and Contracting segment mines, processes, and sells construction aggregates; produces and sells asphalt mix; and supplies ready-mixed concrete. This segment is also involved in the sale of cement, finished concrete products, and other building materials and related contracting services. The company's Construction Services segment designs, constructs, and maintains electrical and communication wiring and infrastructure, fire suppression systems, mechanical piping and services; overhead and underground electrical, gas, and communication infrastructure; and manufactures and distributes transmission lines construction equipment. It serves manufacturing, commercial, industrial, transportation, institutional, and renewable and government customers, as well as utilities. The company was founded in 1924 and is headquartered in Bismarck, North Dakota.

MDU Income Statement

2022-12-31

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Operating revenues:
Revenues	$ 6,973,864	$ 5,680,733	$ 5,532,750
Operating expenses:
Operation and maintenance:	4,978,857	4,078,623	4,028,262
Purchased natural gas sold	757,883	483,118	390,269
Depreciation, depletion and amortization	327,826	299,214	285,100
Taxes, other than income	243,338	211,454	217,253
Electric fuel and purchased power	92,007	74,105	66,941
Operating expenses	6,399,911	5,146,514	4,987,825
Operating income	573,953	534,219	544,925
Other income	7,379	26,416	26,711
Interest expense	119,273	93,984	96,519
Income before income taxes	462,059	466,651	475,117
Income taxes	94,783	88,920	84,590
Income from continuing operations	367,276	377,731	390,527
Discontinued operations, net of tax	213	400	(322)
Net income	$ 367,489	$ 378,131	$ 390,205
Earnings per share - basic:
Income from continuing operations	$ 1.81	$ 1.87	$ 1.95
Discontinued operations, net of tax	0	0	0
Earnings per share - basic	1.81	1.87	1.95
Earnings per share - diluted:
Income from continuing operations	1.81	1.87	1.95
Discontinued operations, net of tax	0	0	0
Earnings per share - diluted	$ 1.81	$ 1.87	$ 1.95
Weighted average common shares outstanding - basic	203,358	202,076	200,502
Weighted Average Number of Shares Outstanding, Diluted	203,462	202,383	200,571
Regulated Operation
Operating revenues:
Revenues	$ 1,735,759	$ 1,390,343	$ 1,249,146
Operating expenses:
Operation and maintenance:	374,708	366,586	353,184
Income from continuing operations	137,605	143,085	135,103
Nonregulated Operation
Operating revenues:
Revenues	5,238,105	4,290,390	4,283,604
Operating expenses:
Operation and maintenance:	4,604,149	3,712,037	3,675,078
Income from continuing operations	$ 229,671	$ 234,646	$ 255,424

MDU Balance Sheet

2022-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 80,517	$ 54,161
Receivables, net	1,305,642	946,741
Inventories	387,525	335,609
Current regulatory assets	165,092	118,691
Prepayments and other current assets	72,972	95,741
Total current assets	2,011,748	1,550,943
Noncurrent assets:
Property, plant and equipment	9,364,038	8,972,849
Less accumulated depreciation, depletion and amortization	3,272,493	3,216,461
Net property, plant and equipment	6,091,545	5,756,388
Goodwill	763,500	765,386
Other intangible assets, net	17,532	22,578
Regulatory assets	329,659	357,851
Investments	161,913	175,476
Operating lease right-of-use assets	119,375	124,138
Other	165,509	157,675
Total noncurrent assets	7,649,033	7,359,492
Total assets	9,660,781	8,910,435
Current liabilities:
Short-term borrowings	246,500	0
Long-term debt due within one year	78,031	148,053
Accounts payable	657,168	478,933
Taxes payable	70,810	80,372
Dividends payable	45,245	44,229
Accrued compensation	88,662	81,904
Operating lease liabilities due within one year	34,516	35,368
Regulatory liabilities due within one year	26,440	16,303
Other accrued liabilities	232,231	207,078
Total current liabilities	1,479,603	1,092,240
Noncurrent liabilities:
Long-term debt	2,763,394	2,593,847
Deferred income taxes	631,303	591,962
Asset retirement obligations	405,885	458,061
Regulatory liabilities	448,454	428,790
Operating lease liabilities	85,534	89,253
Other	259,479	273,408
Total noncurrent liabilities	4,594,049	4,435,321
Commitments and contingencies
Stockholders' equity:
Common stock	204,163	203,889
Other paid-in capital	1,466,037	1,461,205
Retained earnings	1,951,138	1,762,410
Accumulated other comprehensive loss	(30,583)	(41,004)
Treasury stock at cost - 538,921 shares	(3,626)	(3,626)
Total stockholders' equity	3,587,129	3,382,874
Total liabilities and stockholders' equity	$ 9,660,781	$ 8,910,435
Common Stock, Shares Authorized	500,000,000	500,000,000
Common Stock, Par Value Per Share	$ 1.00	$ 1.00
Common Stock, Shares, Issued	204,162,814	203,889,661
Treasury Stock, Common, Shares	538,921	538,921
MDU Resources Group, Inc. [Member]
Current assets:
Cash and cash equivalents	$ 19,486	$ 6,159
Receivables, net	4,410	6,120
Prepayments and other current assets	3,237	2,528
Total current assets	80,418	64,503
Noncurrent assets:
Investments	50,206	55,686
Operating lease right-of-use assets	72	114
Other	2,068	26,558
Total noncurrent assets	3,646,768	3,458,259
Total assets	3,727,186	3,522,762
Current liabilities:
Accounts payable	2,354	2,546
Taxes payable	572	1,672
Dividends payable	45,246	44,229
Accrued compensation	4,312	4,098
Operating lease liabilities due within one year	42	52
Other accrued liabilities	17,907	7,309
Total current liabilities	74,835	66,039
Noncurrent liabilities:
Operating lease liabilities	30	62
Other	65,192	73,787
Total noncurrent liabilities	65,222	73,849
Commitments and contingencies
Stockholders' equity:
Common stock	204,163	203,889
Other paid-in capital	1,466,037	1,461,205
Retained earnings	1,951,138	1,762,410
Accumulated other comprehensive loss	(30,583)	(41,004)
Treasury stock at cost - 538,921 shares	(3,626)	(3,626)
Total stockholders' equity	3,587,129	3,382,874
Total liabilities and stockholders' equity	$ 3,727,186	$ 3,522,762
Common Stock, Shares Authorized	500,000,000	500,000,000
Common Stock, Par Value Per Share	$ 1.00	$ 1.00
Common Stock, Shares, Issued	204,162,814	203,889,661
Treasury Stock, Common, Shares	538,921	538,921