Business
Demand for natural gas, which is a widely traded commodity, has historically been sensitive to seasonal heating and industrial load requirements, as well as changes in market price.
MDU RESOURCES GROUP INC: Revenue grew 6.3% to $1.863B from $1.753B. Net income declined 32.3% to $190.395M from $281.108M. Free cash flow remained negative, with the outflow widening from $20.506M to $297.029M. Operating margin expanded 44 bps to 15.59%. MDU RESOURCES GROUP INC's annual comparison also shows free cash flow declined despite revenue growth; capital spending grew faster than revenue. MDU RESOURCES GROUP INC presents the separated Knife River and Everus businesses as discontinued operations, which affects historical comparability.
The read at a glance✓ Audited against SEC data
- Growth — Revenue grew 6.3%OK
- Profitability — Net income declined 32.3% to $190.395M from $281.108MWatch
- Cash flow — Free cash flow remained negative, with the outflow widening from $20.506M to $297.029MWatch
- Margins — Operating margin expanded 44 bps to 15.59%OK
- Accounting — No overriding statistical warningNote
- Insiders — 3 purchases and 0 salesOK
Where the revenue comes from
Fiscal 2025, as MDU RESOURCES GROUP INC reports it. History and quarterly detail are in the app.
- Natural gas distribution$1.3B
- Electric$444.0M
- Pipeline$191.5M
Leadership changes
From MDU RESOURCES GROUP INC's own filings, the day they're filed.
- Charles M. Kelley · directors · appointmenteff. 2025-08-12
- Edward A. Ryan · directors · departureeff. 2024-10-27
- David M. Sparby · directors · departureeff. 2024-10-27
Latest filings
- 8-K · Company announcement2026-08-06
- 10-Q · Quarterly report2026-08-06
- 8-K · Company announcement2026-05-13
- 8-K · Company announcement2026-05-07
- 10-Q · Quarterly report2026-05-07
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about MDU RESOURCES GROUP INC, every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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