MDU Resources announces $3.4B capital plan for 2026-2030, up from prior $3.1B plan

MDU RESOURCES GROUP INC

Total capital investments of $3.4B over 2026-2030, a 34% increase over 2021-2025 actual capex.
Electric segment $1.38B, natural gas $1.35B, pipeline $643M (sum excludes 'Other').
Equity issuance of $150-175M in 2026 and $100-125M in 2027 to fund near-term capex.
Company targets annual rate base growth of 7-8% and EPS growth of 6-8% over the period.
Key projects: Badger Wind Farm final payment in 2026; JETx transmission line energized late 2028-early 2029.

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