We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
MDU Resources Q1 Earnings Miss Estimates, Revenues Decline Y/Y
Read MoreHide Full Article
Key Takeaways
MDU reported Q1 2026 EPS of 39 cents, missing estimates and falling 25% year over year.
MDU revenues fell 12.76% year over year to $606 million, below consensus expectations.
MDU expects 2026 EPS of 93 cents-$1 and plans $565 million in capital spending this year.
MDU Resources Group Inc. (MDU - Free Report) reported first-quarter 2026 operating earnings per share (EPS) of 39 cents, which missed the Zacks Consensus Estimate of 42 cents by 7.14%. The bottom line decreased 25% year over year.
Total Revenues of MDU
Operating revenues of $606 million missed the Zacks Consensus Estimate of $702 billion by around 13.68%. The top line decreased 12.76% from $ 674.8 million recorded in the year-ago quarter.
MDU Resources Group, Inc. Price, Consensus and EPS Surprise
Total operating expenses were nearly $490.3 million, down 14.3% from the year-ago quarter’s $562 million. The decline was primarily due to lower purchased natural gas sales and a decrease in taxes other than income taxes.
Operating income totaled $115.7 million, up 2.57% from the year-ago quarter’s $112.8 million.
Interest expenses were $32.7 million, up 22.1% year over year.
Financial Highlights of MDU
As of March 31, 2026, cash and cash equivalents were $53.3 million compared with $28.2 million as of Dec. 31, 2025. Long-term debt as of March 31, 2026, was $2.38 billion compared with $2.53 billion as of Sept. 30, 2025.
In the first three months of 2026, net cash provided by operating activities was $149.2 million compared with $217.5 million in the year-ago period.
In the first three months of 2026, capital expenditure was $92.4 million compared with $93 million in the year-ago period.
MDU’s Guidance
For 2026, MDU Resources expects its earnings to be between 93 cents and $1 per share. The Zacks Consensus Estimate is pegged at 98 cents, which lies at the higher end of the company’s projected range.
The company continues to expect a long-term EPS growth rate of 6-8%.
MDU anticipates its utility customers’ growth to continue at an annual rate of 1-2%.
Capital expenditure for 2026 is projected at $565 million and plans to invest $3,113 million during the 2026-2030 period.
MDU’s Zacks Rank
MDU Resources currently has a Zacks Rank #4 (Sell).
Atmos Energy (ATO - Free Report) posted second-quarter fiscal 2026 earnings of $3.47 per share, which topped the Zacks Consensus Estimate of $3.37 by 2.97%. The bottom line improved 14.52% from the year-ago quarter’s $3.03.
Total revenues of $1.96 billion missed the Zacks Consensus Estimate of $2.24 billion by 12.37%. However, the top line rose 0.61% from the prior-year quarter’s $1.95 billion.
Southwest Gas Holdings Inc. (SWX - Free Report) reported first-quarter 2026 operating earnings of $1.91 per share, which beat the Zacks Consensus Estimate of $1.88 by 1.60%. The bottom line increased 15.76% from the year-ago quarter.
Operating revenues totaled $585.1 million, which lagged the Zacks Consensus Estimate of $737 million by 20.62%. The top line decreased 21.61% from $746.4 million reported in the prior-year quarter.
Northwest Natural (NWN - Free Report) reported first-quarter 2026 operating earnings of $2.33 per share, which beat the Zacks Consensus Estimate of $2.31 by 0.87%. The bottom line increased 2.19% from the year-ago quarter.
Operating revenues totaled $490 million, which lagged the Zacks Consensus Estimate of $504 million by 2.78%. The top line increased 0.79% from $494 million reported in the prior-year quarter.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Zacks
MDU Resources Q1 Earnings Miss Estimates, Revenues Decline Y/Y
Key Takeaways
MDU Resources Group Inc. (MDU - Free Report) reported first-quarter 2026 operating earnings per share (EPS) of 39 cents, which missed the Zacks Consensus Estimate of 42 cents by 7.14%. The bottom line decreased 25% year over year.
Total Revenues of MDU
Operating revenues of $606 million missed the Zacks Consensus Estimate of $702 billion by around 13.68%. The top line decreased 12.76% from $ 674.8 million recorded in the year-ago quarter.
MDU Resources Group, Inc. Price, Consensus and EPS Surprise
MDU Resources Group, Inc. price-consensus-eps-surprise-chart | MDU Resources Group, Inc. Quote
Highlights of MDU’s Earnings Release
Total operating expenses were nearly $490.3 million, down 14.3% from the year-ago quarter’s $562 million. The decline was primarily due to lower purchased natural gas sales and a decrease in taxes other than income taxes.
Operating income totaled $115.7 million, up 2.57% from the year-ago quarter’s $112.8 million.
Interest expenses were $32.7 million, up 22.1% year over year.
Financial Highlights of MDU
As of March 31, 2026, cash and cash equivalents were $53.3 million compared with $28.2 million as of Dec. 31, 2025.
Long-term debt as of March 31, 2026, was $2.38 billion compared with $2.53 billion as of Sept. 30, 2025.
In the first three months of 2026, net cash provided by operating activities was $149.2 million compared with $217.5 million in the year-ago period.
In the first three months of 2026, capital expenditure was $92.4 million compared with $93 million in the year-ago period.
MDU’s Guidance
For 2026, MDU Resources expects its earnings to be between 93 cents and $1 per share. The Zacks Consensus Estimate is pegged at 98 cents, which lies at the higher end of the company’s projected range.
The company continues to expect a long-term EPS growth rate of 6-8%.
MDU anticipates its utility customers’ growth to continue at an annual rate of 1-2%.
Capital expenditure for 2026 is projected at $565 million and plans to invest $3,113 million during the 2026-2030 period.
MDU’s Zacks Rank
MDU Resources currently has a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Recent Releases
Atmos Energy (ATO - Free Report) posted second-quarter fiscal 2026 earnings of $3.47 per share, which topped the Zacks Consensus Estimate of $3.37 by 2.97%. The bottom line improved 14.52% from the year-ago quarter’s $3.03.
Total revenues of $1.96 billion missed the Zacks Consensus Estimate of $2.24 billion by 12.37%. However, the top line rose 0.61% from the prior-year quarter’s $1.95 billion.
Southwest Gas Holdings Inc. (SWX - Free Report) reported first-quarter 2026 operating earnings of $1.91 per share, which beat the Zacks Consensus Estimate of $1.88 by 1.60%. The bottom line increased 15.76% from the year-ago quarter.
Operating revenues totaled $585.1 million, which lagged the Zacks Consensus Estimate of $737 million by 20.62%. The top line decreased 21.61% from $746.4 million reported in the prior-year quarter.
Northwest Natural (NWN - Free Report) reported first-quarter 2026 operating earnings of $2.33 per share, which beat the Zacks Consensus Estimate of $2.31 by 0.87%. The bottom line increased 2.19% from the year-ago quarter.
Operating revenues totaled $490 million, which lagged the Zacks Consensus Estimate of $504 million by 2.78%. The top line increased 0.79% from $494 million reported in the prior-year quarter.