MDU RESOURCES GROUP INC shareholders approved Ratification of Appointment of Independent Registered Public Accounting Firm at the 2026-05-11 meeting.
“Stockholders ratified the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for fiscal year 2026, based upon the votes set forth in the table below”
Shareholder Votes
MDU RESOURCES GROUP INC shareholders approved Approval of LTIP at the 2026-05-11 meeting.
“Stockholders approved the LTIP, based upon the votes set forth in the table below”
Shareholder Votes
MDU RESOURCES GROUP INC shareholders approved Advisory Vote to Approve Executive Compensation at the 2026-05-11 meeting.
“Stockholders approved, on an advisory basis, the compensation of the NEOs, based upon the votes set forth in the table below”
Shareholder Votes
MDU RESOURCES GROUP INC shareholders approved Election of Directors at the 2026-05-11 meeting.
“Stockholders elected the eight nominees to the Board for one-year terms expiring at the annual stockholders’ meeting to be held in 2027, based upon the votes set forth in the table below”
Governance Changes
MDU RESOURCES GROUP INC: Board adopted an updated and revised code of business conduct named 'Leading With Integrity Policy' (effective 2026-05-13).
“On May 13, 2026, the Company’s Board of Directors (the “Board”) adopted an updated and revised code of business conduct, referred to as the “Leading With Integrity Policy” (the “Policy”), as part of the Company’s periodic review process.”
Earnings Releases
MDU RESOURCES GROUP INC reported full year 2026 results: EPS $0.93 to $1.00. Guidance reaffirmed.
“2026 guidance affirmed; earnings per share in the range of $0.93 to $1.00”
Earnings Releases
MDU RESOURCES GROUP INC reported first quarter of 2026 results: net income $80.8 million, EPS $0.39 diluted. Guidance reaffirmed.
“Consolidated net income of $80.8 million and diluted earnings per share of $0.39”
Material Agreements
MDU RESOURCES GROUP INC amended Amendment No. 1 to the Second Amended and Restated Note Purchase and Private Shelf Agreement with PGIM, Inc. valued at up to $350 million (effective 2026-01-15).
“On January 15, 2026, WBI Energy Transmission, Inc. (“WBI”), an indirect subsidiary of MDU Resources Group, Inc. (the “Company”), entered into Amendment No. 1 to the Second Amended and Restated Note Purchase and Private Shelf Agreement (the “Private Shelf Amendment”), by and among WBI, PGIM, Inc. (“Prudential”), and the others purchasers named therein”
Debt Financings
MDU RESOURCES GROUP INC incurred senior notes of up to $350 million with PGIM, Inc. maturing December 22, 2028.
“The Private Shelf Amendment extends the date that WBI may issue and sell, and Prudential may consider in its sole discretion the purchase of, in one or a series of transactions, additional senior unsecured notes in an aggregate principal amount of up to $350 million (the “Shelf Notes”), through December 22, 2028”
Material Agreements
MDU RESOURCES GROUP INC entered into Additional Forward Sale Agreements with each of the Forward Purchasers (Wells Fargo Bank, National Association, Bank of America, N.A. and JPMorgan Chase Bank, National Association, New York Branch) (effective 2025-12-23).
“On December 23, 2025, the Underwriters exercised in full their option to purchase an additional 1,522,842 shares of Common Stock (the “Additional Forward Shares”) pursuant to the Underwriting Agreement and, in connection therewith, the Company entered into separate additional forward sale agreements with each of the Forward Purchasers, relating to an aggregate of 1,522,842 shares of Common Stock (the “Additional Forward Sale Agreements”), on terms substantially similar to those contained in the Forward Sale Agreements.”
Material Agreements
MDU RESOURCES GROUP INC entered into Forward Sale Agreements with each of the Forward Purchasers (Wells Fargo Bank, National Association, Bank of America, N.A. and JPMorgan Chase Bank, National Association, New York Branch) (effective 2025-12-03).
“on December 3, 2025, the Company entered into separate forward sale agreements (the “Forward Sale Agreements”) with each of the Forward Purchasers, relating to the Forward Shares, to be borrowed from third parties and sold by the Forward Sellers to the Underwriters.”
Material Agreements
MDU RESOURCES GROUP INC entered into Underwriting Agreement with Wells Fargo Securities, LLC, BofA Securities, Inc. and J.P. Morgan Securities, LLC, as representatives of the several underwriters; Wells Fargo Bank, National Association, Bank of America, N.A. and JPMorgan Chase Bank, National Association, New York Branch, as forward purchasers; and Wells Fargo Sec (effective 2025-12-03).
“on December 3, 2025, MDU Resources Group, Inc. (the “Company”) entered into an Underwriting Agreement (the “Underwriting Agreement”) with Wells Fargo Securities, LLC, BofA Securities, Inc. and J.P. Morgan Securities, LLC, as representatives of the several underwriters named therein (the “Underwriters”), Wells Fargo Bank, National Association, Bank of America, N.A. and JPMorgan Chase Bank, National Association, New York Branch (the “Forward Purchasers”), and Wells Fargo Securities, LLC, BofA Securities, Inc. and J.P. Morgan Securities, LLC, as forward sellers (in such capacities, the “Forward Sellers”), with respect to the offering and sale in an underwritten public offering by the Underwriters (the “Offering”) of an aggregate of 10,152,284 shares (the “Forward Shares”) of the Company’s common stock, par value $1.00 per share (the “Common Stock”).”
Material Agreements
MDU RESOURCES GROUP INC amended Amended and Restated Credit Agreement with U.S. Bank National Association valued at $200 million (effective 2025-12-11).
“(the “Company”) entered into an Amended and Restated Credit Agreement (the “Credit Agreement”) with U.S. Bank National Association, as administrative agent (“U.S.”
Debt Financings
MDU RESOURCES GROUP INC amended revolving credit of $200 million with U.S. Bank National Association at variable interest rate maturing December 11, 2030.
“revolving commitments thereunder from May 31, 2028 to December 11, 2030. The Credit Agreement, like the Previous Credit Agreement, provides for an initial commitment amount of $200 million and includes a $25 million standby letter of credit facility and a $25 million swingline subfacility. As with the Previous Credit Agreement, at the Company’s request and subject”
Material Agreements
MDU RESOURCES GROUP INC entered into Forward Sale Agreements with each of Wells Fargo Bank, National Association, Bank of America, N.A. and JPMorgan Chase Bank, National Association, New York Branch (effective 2025-12-03).
“On December 3, 2025, MDU Resources Group, Inc. (the “Company”) entered into separate forward sale agreements (the “Forward Sale Agreements”) with each of Wells Fargo Bank, National Association, Bank of America, N.A. and JPMorgan Chase Bank, National Association, New York Branch (the “Forward Purchasers”), relating to an aggregate of 10,152,284 shares (the “Forward Shares”) of the Company’s common stock, par value $1.00 per share (the “Common Stock”), to be borrowed from third parties and sold by the Forward Sellers (as defined below) to the Underwriters (as defined below).”
Governance Changes
MDU RESOURCES GROUP INC: Amended and restated bylaws to revise director nomination and stockholder proposal procedures, including updates for universal proxy card rules, and make administrative changes (effective 2025-02-13).
“On February 13, 2025, the Company’s board of directors approved amended and restated bylaws of the Company (as so amended and restated, the “Bylaws”), effective immediately.”
Vernon A. Dosch was elected as Director at MDU RESOURCES GROUP INC.
“On November 14, 2024, the Board of Directors of MDU Resources Group, Inc. (the “Company”) elected Vernon A. Dosch as a director of the Board, effective November 15, 2024, to serve until the 2025 Annual Meeting of Stockholders.”
M&A Transactions
MDU RESOURCES GROUP INC completed a disposition (closed 2024-10-31).
“On October 31, 2024, MDU Resources Group, Inc. (the “Company”) completed the previously announced separation of its construction services business, Everus Construction Group, Inc. (“Everus” and such separation, the “Separation”), through the pro rata distribution of all of the outstanding common stock, par value $0.01, of Everus to the Company’s stockholders (the “Distribution”).”
Jeffrey S. Thiede resigned as executive officer at MDU RESOURCES GROUP INC.
“Jeffrey S. Thiede resigned from his position as an executive officer of the Company.”
James H. Gemmel resigned as director at MDU RESOURCES GROUP INC.
“effective as of immediately prior to the Effective Time, James H. Gemmel resigned from the Board”
David M. Sparby resigned as director at MDU RESOURCES GROUP INC.
“effective as of immediately prior to the Effective Time, Michael S. Della Rocca, Dale S. Rosenthal, Edward A. Ryan and David M. Sparby resigned from the Company’s board of directors (the “Board”).”
Edward A. Ryan resigned as director at MDU RESOURCES GROUP INC.
“effective as of immediately prior to the Effective Time, Michael S. Della Rocca, Dale S. Rosenthal, Edward A. Ryan and David M. Sparby resigned from the Company’s board of directors (the “Board”).”
Dale S. Rosenthal resigned as director at MDU RESOURCES GROUP INC.
“effective as of immediately prior to the Effective Time, Michael S. Della Rocca, Dale S. Rosenthal, Edward A. Ryan and David M. Sparby resigned from the Company’s board of directors (the “Board”).”
Michael S. Della Rocca resigned as director at MDU RESOURCES GROUP INC.
“effective as of immediately prior to the Effective Time, Michael S. Della Rocca, Dale S. Rosenthal, Edward A. Ryan and David M. Sparby resigned from the Company’s board of directors (the “Board”).”
David M. Sparby resigned as Director at MDU RESOURCES GROUP INC.
“each of Dale S. Rosenthal, Michael S. Della Rocca, Edward A. Ryan and David M. Sparby (collectively, the “Prospective Everus Construction Directors”) are expected to resign as directors of the Company”
Edward A. Ryan resigned as Director at MDU RESOURCES GROUP INC.
“each of Dale S. Rosenthal, Michael S. Della Rocca, Edward A. Ryan and David M. Sparby (collectively, the “Prospective Everus Construction Directors”) are expected to resign as directors of the Company”
Michael S. Della Rocca resigned as Director at MDU RESOURCES GROUP INC.
“each of Dale S. Rosenthal, Michael S. Della Rocca, Edward A. Ryan and David M. Sparby (collectively, the “Prospective Everus Construction Directors”) are expected to resign as directors of the Company”
Dale S. Rosenthal resigned as Director at MDU RESOURCES GROUP INC.
“each of Dale S. Rosenthal, Michael S. Della Rocca, Edward A. Ryan and David M. Sparby (collectively, the “Prospective Everus Construction Directors”) are expected to resign as directors of the Company”
Marian M. Durkin was appointed as director at MDU RESOURCES GROUP INC.
“appointed Michael S. Della Rocca and Marian M. Durkin to the Board, in each case, effective August 15, 2024, to serve until the 2025 Annual Meeting of Stockholders.”
Michael S. Della Rocca was appointed as director at MDU RESOURCES GROUP INC.
“appointed Michael S. Della Rocca and Marian M. Durkin to the Board, in each case, effective August 15, 2024, to serve until the 2025 Annual Meeting of Stockholders.”
Shareholder Votes
MDU RESOURCES GROUP INC shareholders approved Ratification of the Appointment of Deloitte & Touche LLP as the Company’s Independent Registered Public Accounting Firm for 2024 at the 2024-05-14 meeting.
“Ratification of the Appointment of Deloitte & Touche LLP as the Company’s Independent Registered Public Accounting Firm for 2024 174,085,618 6,520,218 333,762”
Shareholder Votes
MDU RESOURCES GROUP INC shareholders approved Advisory Vote to Approve the Compensation Paid to the Company's Named Executive Officers at the 2024-05-14 meeting.
“Advisory Vote to Approve the Compensation Paid to the Company's Named Executive Officers 149,441,848 5,921,590 702,771 24,873,389”
Shareholder Votes
MDU RESOURCES GROUP INC shareholders approved Election of Nine Directors for One-Year Terms at the 2024-05-14 meeting.
“Proposal to Elect Nine Directors for One-Year Terms: Darrel T. Anderson 155,259,355 530,210 276,644 24,873,389 James H. Gemmel 154,697,678 1,048,891 319,640 24,873,389 Douglas W. Jaeger 155,298,422 468,109 299,678 24,873,389 Dennis W. Johnson 150,575,588 5,116,428 374,193 24,873,389 Nicole A. Kivisto 155,394,806 430,308 241,095 24,873,389 Dale S. Rosenthal 154,590,510 1,190,038 285,661 24,873,389 Edward A. Ryan 152,611,167 3,175,785 279,257 24,873,389 David M. Sparby 154,168,552 1,596,383 301,274 24,873,389 Chenxi Wang 154,454,614 1,339,613 271,982 24,873,389”
Earnings Releases
MDU RESOURCES GROUP INC reported Three months ended March 31, 2024 results: net income 100.9, EPS 0.49. Guidance reaffirmed.
“MDU Resources Reports Strong First Quarter Results; Affirms 2024 Guidance”
Earnings Releases
MDU RESOURCES GROUP INC reported the twelve months ended Dec. 31, 2023 results: net income $414.7 million, EPS $2.03. Guidance initiated.
“MDU Resources Reports Robust Growth in 2023; Initiates Guidance for 2024”
Darrel T. Anderson was appointed as Director at MDU RESOURCES GROUP INC.
“approved an increase of the size of the Board from seven (7) directors to eight (8) directors, and appointed Darrel T. Anderson to the Board, effective November 16, 2023”
Earnings Releases
MDU RESOURCES GROUP INC reported third quarter results: net income $74.9 million, EPS 37 cents per share. Guidance raised.
“MDU Resources Reports Third Quarter Earnings, Increases Guidance”
Nicole A. Kivisto was appointed as Director at MDU RESOURCES GROUP INC.
“Ms. Kivisto was also appointed to the Board, effective January 6, 2024, to serve until the 2024 Annual Meeting of Stockholders.”
Nicole A. Kivisto was appointed as President and Chief Executive Officer at MDU RESOURCES GROUP INC.
“On August 17, 2023, the Board appointed Nicole A. Kivisto to succeed Mr. Goodin as President and Chief Executive Officer, effective as of January 6, 2024.”
David L. Goodin departed as President and Chief Executive Officer at MDU RESOURCES GROUP INC.
“On August 17, 2023, David L. Goodin, President and Chief Executive Officer of MDU Resources Group, Inc. (the “Company”), informed the Board of Directors (the “Board”) of the Company of his intention to retire as President and Chief Executive Officer effective as of end of day January 5, 2024.”
Material Agreements
MDU RESOURCES GROUP INC terminated Distribution Agreement with J.P. Morgan Securities LLC and MUFG Securities Americas Inc., as agents (effective 2023-08-10).
“On August 10, 2023, MDU Resources Group, Inc. (the “Company”) provided notice of termination, effective August 10, 2023, of the Distribution Agreement, dated as of February 22, 2019, as amended on August 14, 2020 (the “Distribution Agreement”), that the Company had entered into with J.P. Morgan Securities LLC and MUFG Securities Americas Inc., as agents (together, the “Agents”).”
Earnings Releases
MDU RESOURCES GROUP INC reported Second Quarter 2023 results: net income $130.7 million, EPS 64 cents per share. Guidance raised.
“MDU Resources Reports Higher Second Quarter Earnings, Increases Guidance BISMARCK, N.D. — Aug. 3, 2023 — MDU Resources Group, Inc. (NYSE: MDU) today reported second quarter earnings on a generally accepted accounting principles (GAAP) basis of $130.7 million, or 64 cents per share, compared to second quarter 2022 GAAP earnings of $70.7 million, or 35 cents per share.”
M&A Transactions
MDU RESOURCES GROUP INC completed a disposition involving Knife River Corporation (closed 2023-05-31).
“into a Separation and Distribution Agreement (the “Separation and Distribution Agreement”) with Knife River Corporation (formerly known as Knife River Holding Company) (“Knife River”) , pursuant to which the Company agreed to transfer its wholly owned subsidiary KRC Materials, Inc.”
Debt Financings
MDU RESOURCES GROUP INC incurred term loan of $375 million with U.S. Bank National Association maturing May 31, 2025.
“(3) a term loan agreement with U.S. Bank as administrative agent and the several lenders party thereto providing for a commitment amount of $375 million and maturing on May 31, 2025”
Debt Financings
MDU RESOURCES GROUP INC incurred revolving credit of $200 million with U.S. Bank National Association maturing May 31, 2028.
“(2) a five-year revolving credit agreement with U.S. Bank as administrative agent and the several lenders party thereto providing for an initial commitment amount of $200 million and maturing on May 31, 2028”
Debt Financings
MDU RESOURCES GROUP INC incurred revolving credit of $150 million with U.S. Bank National Association maturing May 29, 2024.
“(1) a 364-day revolving credit agreement with U.S. Bank National Association (“U.S. Bank”) as administrative agent and the several lenders party thereto providing for a commitment amount of $150 million and maturing on May 29, 2024”
Material Agreements
MDU RESOURCES GROUP INC terminated Centennial Revolver with CEHI, LLC and U.S. Bank (effective 2023-05-31).
“CEHI, LLC, a wholly owned subsidiary of the Company and the successor by merger to Centennial Energy Holdings, Inc. (“Centennial”), prepaid in full (the “Centennial Credit Agreement Prepayments”): (1) that certain Fifth Amended and Restated Credit Agreement, dated as of December 19, 2019, among Centennial, the several financial institutions from time to time party thereto, and U.S. Bank, as administrative agent (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Centennial Revolver”);”
Material Agreements
MDU RESOURCES GROUP INC entered into Term Loan Agreement with U.S. Bank National Association valued at $375 million (effective 2023-05-31).
“(3) a term loan agreement with U.S. Bank as administrative agent and the several lenders party thereto providing for a commitment amount of $375 million and maturing on May 31, 2025 (the “Term Loan Agreement” and, together with the 364-Day Revolving Credit Agreement and the 5-Year Revolving Credit Agreement, the “New Credit Agreements”).”
Material Agreements
MDU RESOURCES GROUP INC entered into 5-Year Revolving Credit Agreement with U.S. Bank National Association valued at $200 million (effective 2023-05-31).
“(2) a five-year revolving credit agreement with U.S. Bank as administrative agent and the several lenders party thereto providing for an initial commitment amount of $200 million and maturing on May 31, 2028 (the “5-Year Revolving Credit Agreement”);”
Material Agreements
MDU RESOURCES GROUP INC entered into 364-Day Revolving Credit Agreement with U.S. Bank National Association valued at $150 million (effective 2023-05-31).
“on May 31, 2023 (the “Closing Date”), the Company entered into: (1) a 364-day revolving credit agreement with U.S. Bank National Association (“U.S. Bank”) as administrative agent and the several lenders party thereto providing for a commitment amount of $150 million and maturing on May 29, 2024 (the “364-Day Revolving Credit Agreement”);”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.