earnings
confidence high
sentiment neutral
materiality 0.70
MDU Resources Q1 EPS $0.39 vs $0.40 YoY; Bakken East Pipeline interest 1.4 Bcf/d
MDU RESOURCES GROUP INC
2026-Q1 EPS
reported $0.39
vs consensus $0.42
▼ miss
(-7.2%)
- Diluted EPS $0.39, net income $80.8M vs $82.0M a year ago; milder weather reduced EPS ~$0.03.
- 2026 EPS guidance reaffirmed at $0.93-$1.00; long-term growth rate unchanged at 6%-8%.
- Bakken East Pipeline binding open season yielded 1.4 Bcf/d interest; projected capex $2.7-$3.2B.
- Segment earnings: Electric $14.5M, Gas Distribution $44.2M, Pipeline $15.3M, each down YoY.
- Settled 4.3M shares for $81.3M under forward sale; still expects $150-175M equity in 2026.