MDU Resources Q3 revenue beats estimates, reaffirms 2026 EPS outlook
MDU•MDU Resources reported third-quarter revenue of $347.8 million, above the $342.55 million consensus, while adjusted EPS of $0.08 missed the $0.10 estimate. The company reaffirmed 2026 EPS guidance of $0.93 to $1.00.
1. Third-quarter results
MDU Resources' third-quarter adjusted net income was $16.6 million, below the $20.97 million consensus. Net income was $14 million, operating expenses were $300.2 million and operating income was $47.6 million.
2. 2026 outlook
The company reaffirmed its 2026 EPS guidance of $0.93 to $1.00 and expects long-term annual EPS growth of 6% to 8%. The outlook assumes normal weather, continued customer growth and constructive regulatory outcomes.
3. Business drivers
Electric utility earnings benefited from new rates, Badger Wind Farm contributions and increased retail sales volumes, including strong data center demand. Higher operating and maintenance expenses pressured the natural gas and pipeline segments. MDU Resources also advanced its Bakken East Pipeline project.
