Jun 2026 (Q2 FY26) — Aug 6, 2026
MDU Resources Group Q2 FY26 — Bakken East Pipeline Advances with Signed Agreements
Read the full callMDU Resources Group earnings: last reported Thu, 6 Aug 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 375 | +6.9% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 12.8 | +4.1 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 21.2 | +54.1% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Price
1Y: $19.17 on 17 Oct 2025 → $18.9. High $22.8 (11 May 2026), low $18.39 (23 Sept 2026).
Overview
Call summaries
MDU Resources Group Q2 FY26 — Bakken East Pipeline Advances with Signed Agreements
Read the full callMDU Resources Group Inc. Q1 FY26 — Strong Operational Performance and Bakken East Pipeline Progress
Read the full callEvery analysed call
Financials
Net profit, year on year: +54% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 290 | 536 | 675 | 351 | 315 | 534 | 606 | 375 |
| Operating profit | 35 | -51 | 113 | 30 | 40 | 107 | 116 | 48 |
| Operating margin | 12.0% | −9.5% | 16.7% | 8.6% | 12.7% | 20.1% | 19.1% | 12.8% |
| Interest | 27 | 28 | 27 | 25 | 26 | 29 | 33 | 32 |
| Profit before tax | 16 | -73 | 91 | 15 | 21 | 84 | 86 | 23 |
| Tax rate | 5.3% | 42.0% | 9.4% | 4.4% | 11.4% | 9.4% | 5.5% | 14.8% |
| Net profit | 65 | 55 | 82 | 14 | 18 | 76 | 81 | 21 |
| EPS ($ per share) | 0.32 | — | 0.40 | 0.07 | 0.09 | — | 0.39 | 0.10 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 197 | 201 | 201 | 204 | 204 | — | — | — |
| Reserves | 1,164 | 1,337 | 1,558 | 1,762 | 1,951 | 1,254 | 1,030 | 1,109 |
| Total liabilities | 4,421 | 4,836 | 4,974 | 5,528 | 6,074 | 4,928 | 4,348 | 4,849 |
| Fixed assets | 4,579 | 4,917 | 5,167 | 4,506 | 4,776 | 5,005 | 5,344 | 5,960 |
| Investments | — | — | — | — | 0 | 0 | — | — |
| Total assets | 6,988 | 7,683 | 8,053 | 8,910 | 9,661 | 7,833 | 7,039 | 7,622 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 500 | 542 | 768 | 496 | 510 | 333 | 502 | 473 |
| Cash from investing | -711 | -604 | -630 | -886 | -639 | -541 | -553 | -781 |
| Cash from financing | 230 | 74 | -145 | 385 | 155 | 205 | 40 | 269 |
| Capital expenditure | -568 | -576 | -558 | -485 | -443 | -484 | -523 | -770 |
| Free cash flow | -68 | -34 | 210 | 11 | 67 | -152 | -21 | -297 |
31 filings between Nov 13, 2025 and Sep 30, 2026.
Purchases
$104.2K
1 purchase by 1 insider
Sales
None
No insider sold shares.
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| KELLEY CHARLES M | $104.2K | — | Feb 13, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 30, 2026 | DURKIN MARIAN M Director | Award | 172 | $0 |
| Sep 30, 2026 | Dosch Vernon A. Director | Award | 1,462 | $0 |
| Jun 30, 2026 | Dosch Vernon A. Director | Award | 1,293 | $0 |
| Jun 30, 2026 | DURKIN MARIAN M Director | Award | 152 | $0 |
| Mar 31, 2026 | Dosch Vernon A. Director | Award | 1,334 | $0 |
| Mar 31, 2026 | DURKIN MARIAN M Director | Award | 157 | $0 |
| Feb 18, 2026 | Kivisto Nicole A President & CEO | Tax withheld | 35,668 | $726.2K |
| Feb 18, 2026 | Vollmer Jason L CFO | Tax withheld | 36,766 | $748.6K |
| Feb 18, 2026 | Johnson Rob L. President-WBI | Tax withheld | 10,630 | $216.4K |
| Feb 18, 2026 | Senger Garret Chief Utilities Officer | Tax withheld | 8,167 | $166.3K |
| Feb 18, 2026 | Jones Anne M ChiefHRSafety&AdminOfficer | Tax withheld | 12,010 | $244.5K |
| Feb 18, 2026 | Sievert Stephanie A ChiefAccntg&RegAffairsOfficer | Tax withheld | 10,438 | $212.5K |
| Feb 17, 2026 | Foti Anthony Donald CLO & Corporate Secretary | Award | 8,161 | $0 |
| Feb 17, 2026 | Jones Anne M ChiefHRSafety&AdminOfficer | Award | 5,523 | $0 |
| Feb 17, 2026 | Kivisto Nicole A President & CEO | Award | 45,037 | $0 |
| Feb 17, 2026 | Senger Garret Chief Utilities Officer | Award | 6,920 | $0 |
| Feb 17, 2026 | Sievert Stephanie A ChiefAccntg&RegAffairsOfficer | Award | 4,544 | $0 |
| Feb 17, 2026 | Vollmer Jason L CFO | Award | 15,229 | $0 |
| Feb 17, 2026 | Boese Dyke A. CIO | Award | 3,702 | $0 |
| Feb 17, 2026 | Johnson Rob L. President-WBI | Award | 5,830 | $0 |
| Feb 13, 2026 | KELLEY CHARLES M Director | Purchase | 5,000 | $104.2K |
| Dec 31, 2025 | DURKIN MARIAN M Director | Award | 164 | $0 |
| Dec 31, 2025 | Dosch Vernon A. Director | Award | 1,394 | $0 |
| Nov 13, 2025 | DURKIN MARIAN M Director | Award | 7,274 | $0 |
| Nov 13, 2025 | Jaeger Douglas W. Director | Award | 7,274 | $0 |
| Nov 13, 2025 | JOHNSON DENNIS W Director | Award | 7,779 | $0 |
| Nov 13, 2025 | KELLEY CHARLES M Director | Award | 3,031 | $0 |
| Nov 13, 2025 | Miller Tammy J Director | Award | 3,031 | $0 |
| Nov 13, 2025 | Patel Priti Rashmikant Director | Award | 4,849 | $0 |
| Nov 13, 2025 | Dosch Vernon A. Director | Award | 7,274 | $0 |
| Nov 13, 2025 | ANDERSON DARREL T Director | Award | 8,082 | $0 |
| Sep 30, 2025 | DURKIN MARIAN M Director | Award | 182 | $0 |
| Sep 30, 2025 | Dosch Vernon A. Director | Award | 1,541 | $0 |
| Sep 8, 2025 | Vollmer Jason L CFO | Purchase | 5,000 | $80.4K |
| Aug 19, 2025 | Vollmer Jason L CFO | Purchase | 5,000 | $81.4K |
| Jun 30, 2025 | DURKIN MARIAN M Director | Award | 175 | $0 |
| Jun 30, 2025 | Dosch Vernon A. Director | Award | 1,658 | $0 |
| May 15, 2025 | Boese Dyke A. CIO | Code I | 7,749 | $131.6K |
| Mar 31, 2025 | Dosch Vernon A. Director | Award | 1,650 | $0 |
| Mar 31, 2025 | DURKIN MARIAN M Director | Award | 165 | $0 |
| Feb 12, 2025 | Johnson Rob L. President-WBI | Award | 5,785 | $0 |
| Feb 12, 2025 | Johnson Rob L. President-WBI | Tax withheld | 6,778 | $114.1K |
| Feb 12, 2025 | Jones Anne M ChiefHRAdmin&SafetyOfficer | Award | 6,026 | $0 |
| Feb 12, 2025 | Jones Anne M ChiefHRAdmin&SafetyOfficer | Tax withheld | 10,778 | $181.4K |
| Feb 12, 2025 | Kivisto Nicole A President & CEO | Award | 45,969 | $0 |
| Feb 12, 2025 | Kivisto Nicole A President & CEO | Tax withheld | 30,316 | $510.2K |
| Feb 12, 2025 | Senger Garret Chief Utilities Officer | Award | 7,514 | $0 |
| Feb 12, 2025 | Senger Garret Chief Utilities Officer | Tax withheld | 7,470 | $125.7K |
| Feb 12, 2025 | Sievert Stephanie A ChiefAccntg&RegAffairsOfficer | Award | 4,974 | $0 |
| Feb 12, 2025 | Boese Dyke A. CIO | Award | 3,382 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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