$MDU

MDU Resources plans $3.1B in capital investments by 2030, focusing on electric, natural gas, and pipeline projects to drive 6-8% long-term earnings growth. The Bakken East Pipeline could add $2.7-$3.2B in investment. ONE Gas and Southwest Gas Holdings also announced multi-billion dollar investment plans. MDU's EPS estimates show 5.38% and 7.91% growth for 2026 and 2027, respectively, with a Zacks Rank #2 (Buy).

MDU Resources (MDU) has outperformed the broader Utilities sector with a 2.3% year-to-date gain, according to Zacks. Analysts have improved earnings estimates by 0.3% for MDU, which holds a Zacks Rank of #2 (Buy). Pinnacle West (PNW) has also outperformed with a 10.2% year-to-date return and a Zacks Rank of #2 (Buy).

MDU Resources Group, Inc. (NYSE: MDU) said its board increased the quarterly dividend to 14.5 cents per share, or 56 cents annualized, up from 14 cents. It also revised its long-term dividend payout ratio target to 55% to 65% of earnings from 60% to 70%. The dividend is payable Oct. 1, 2026.

MDU Resources Group reported Q2 2026 net income of $21.3 million and diluted EPS of $0.10, up 42.9% from Q2 2025. Operating revenues were $375.2 million. The company reaffirmed 2026 EPS guidance of $0.93 to $1.00 and outlined a $3.1 billion 2026-2030 capital plan, including the Bakken East pipeline.

MDU Resources reported Q2 2026 results with year-on-year sales growth but revenue below estimates, while EPS beat. Revenue was $375.3M vs $396.6M expected, and GAAP EPS was $0.10 vs $0.08. Full-year GAAP EPS guidance midpoint was $0.97, missing by 1.2%. Management discussed financing and potential expansion for the Bakken East pipeline and regulatory outcomes in natural gas distribution.

MDU Resources Group reported Q2 2026 sales of $375.3 million and net income of $21.24 million, and reaffirmed full-year 2026 earnings guidance of $0.93 to $1.00 per share. The company also filed shelf registrations for up to 11,564,000 shares for employee stock ownership plan offerings.

MDU Resources (NYSE:MDU) said a FERC filing for a project is now expected in Q4 2026, with in-service dates in late 2029 (phase one) and late 2030 (phase two). Estimated cost is $2.7B to $3.2B. MDU reported Q2 segment results, reaffirmed 2026 EPS guidance of $0.93 to $1.00, and outlined a $3.1B 2026-2030 capital plan. It also discussed data center load agreements and electric rate cases.

MDU Resources’ outlook for the rest of 2024 centers on customer growth, infrastructure investment, and regulatory execution. Management expects continued data center load growth via new electric service agreements. It is advancing the Bakken East pipeline, with $2.7–$3.2B projected capital spend, pending financing and approvals. Results depend on electric and natural gas rate cases. MDU shares trade around $20.77.

Wells Fargo analyst Constantine Lednev reiterated a Buy on MDU and set a $25.00 price target, while J.P. Morgan upgraded MDU to Buy with a $27.00 target. For SRE, Wells Fargo’s Shahriar Pourreza reiterated Buy and set $118.00. Consensus targets cited are $24.25 for MDU and $107.25 for SRE.

MDU Resources Group’s Q2 2026 earnings call said it is on track to separate its Construction Materials business, targeting completion by end of Q1 2027 after regulatory approvals. The company reported strong regulated utility performance, including a recent rate case approval. It raised 2026 capex guidance to $1.2 billion, funded via cash flow, utility debt, and credit facilities, and expects over 500 MW of renewables online by end-2027.