The earnings call presented a mixed view with notable achievements in income growth and pipeline performance, alongside increased operating costs and declines in some utility sectors. The positive adjustments to EPS guidance indicate confidence in overcoming these challenges.

Company Guidance

During the MDU Resources Group, Inc. Q3 2025 earnings call, the company reported income from continuing operations of $18.4 million or $0.09 per share, reflecting an increase of $2.8 million or $0.01 per share compared to the third quarter of 2024. The Pipeline segment's strong performance significantly contributed to these results. The company experienced combined retail customer growth of 1.5% at its utility, aligning with its targeted annual growth rate of 1% to 2%. The Electric segment received approval for a 49% ownership in the 122.5 megawatt Badger Wind Farm. Additionally, various rate cases were filed and settled across multiple states, with an emphasis on cost recovery for investments and expansions. The company raised its earnings per share guidance to a range of $0.90 to $0.95, up from the previous range of $0.88 to $0.95, and continues to target a long-term EPS growth rate of 6% to 8%, alongside a 60% to 70% annual dividend payout ratio.

Income from Continuing Operations Increase

Reported income from continuing operations of $18.4 million or $0.09 per share for Q3 2025, an increase of $2.8 million or $0.01 per share over Q3 2024.

Pipeline Segment Performance

Pipeline segment drove results for the quarter, posting record third quarter earnings of $16.8 million compared to $15.1 million last year, driven by higher transportation revenue from growth projects.

Utility Customer Growth

Utility experienced combined retail customer growth of 1.5% compared to the previous year, within the targeted annual growth rate of 1% to 2%.

Electric Segment Investment Approval

North Dakota Public Service Commission approved the acquisition of a 49% ownership interest in the Badger Wind Farm, adding 122.5 megawatts of generation capacity.

Earnings Per Share Guidance Raised

Raised the bottom end of EPS guidance to a new range of $0.90 to $0.95 per share from the previous range of $0.88 to $0.95 per share.

Mdu Resources Group (MDU) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

MDU Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 05, 2026	2025 (Q4)	0.36 / -	0.34	―	―	―
Nov 06, 2025	2025 (Q3)	0.09 / 0.09	0.32	-71.88% (-0.23)
Aug 07, 2025	2025 (Q2)	0.12 / 0.07	0.177	-60.45% (-0.11)
May 08, 2025	2025 (Q1)	0.36 / 0.40	0.288	38.89% (+0.11)
Feb 06, 2025	2024 (Q4)	0.34 / 0.34	0.266	27.82% (+0.07)
Nov 07, 2024	2024 (Q3)	0.31 / 0.32	0.161	98.76% (+0.16)
Aug 08, 2024	2024 (Q2)	0.12 / 0.18	0.161	9.94% (+0.02)
May 02, 2024	2024 (Q1)	0.24 / 0.29	0.087	231.03% (+0.20)
Feb 08, 2024	2023 (Q4)	0.27 / 0.27	0.232	14.66% (+0.03)
Nov 02, 2023	2023 (Q3)	0.14 / 0.16	0.285	-43.51% (-0.12)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

MDU Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 06, 2025	$19.69	$20.62	+4.72%
Aug 07, 2025	$17.34	$16.18	-6.69%
May 08, 2025	$17.32	$17.22	-0.58%
Feb 06, 2025	$17.56	$16.53	-5.87%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Mdu Res (MDU) report earnings?

Mdu Res (MDU) is schdueled to report earning on Feb 05, 2026, After Close (Confirmed).

What is Mdu Res (MDU) earnings time?

Mdu Res (MDU) earnings time is at Feb 05, 2026, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is MDU EPS forecast?

MDU EPS forecast for the fiscal quarter 2025 (Q4) is 0.36.

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