MDU Resources Q2 revenue misses estimates

MDU•2026-08-06

MDU Resources reaffirms 2026 EPS guidance at $0.93 to $1.00.
Company expects continued customer growth and constructive regulatory outcomes to support 2026 results.
MDU Resources maintains long-term EPS growth objective of 6% to 8%.

Electric segment gains - Earnings growth driven by Badger Wind Farm, new rates and higher retail sales volumes.
Data center demand - Increased electric retail sales volumes attributed in part to data center demand.
Natural gas segment improvement - New rates and higher retail sales volumes offset by increased interest expense.
Pipeline segment - Net income decline driven by lower other income and higher depreciation, partially offset by increased transportation revenue.

Metric	Beat/Miss	Actual	Consensus Estimate
Q2 Revenue	Miss	$375.20 mln	$396.56 mln (5 Analysts)
Q2 Net Income		$21.30 mln
Q2 Operating Expenses		$327.30 mln
Q2 Operating Income		$47.90 mln
Q2 Pretax Profit		$22.60 mln

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