earnings
confidence high
sentiment positive
materiality 0.75
MDU Resources Q2 net income up 55.5% to $21.3M; EPS $0.10; reaffirms FY guidance $0.93-$1.00
MDU RESOURCES GROUP INC
- Consolidated net income $21.3M vs $13.7M YoY; diluted EPS $0.10 vs $0.07.
- Bakken East Pipeline Project: precedent agreements for ~1.2 Bcf/d; project cost $2.7B-$3.2B; FERC application expected Q4 2026.
- Electric segment earnings $14.7M (+41% YoY) driven by Badger Wind Farm, new rates, and 8.2% retail sales growth.
- Pipeline segment earnings $14.4M vs $15.4M YoY; FERC rate case filed seeking $31M annual revenue increase.
- 2026 EPS guidance reaffirmed at $0.93-$1.00; long-term growth objective 6%-8%.