MDU Resources (MDU)

Utilities · Utilities - Regulated Gas
$18.74 -0.37% on the day Market cap $3.9B 52-week range $18.24 to $22.98 Prices as of Oct 11, 2026

What the price implies

A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.

MDU Resources's free cash flow was negative in fiscal 2025, so a cash-flow reverse DCF doesn't give a meaningful answer. The Modeling tab works from revenue and margins instead.

Fundamental grade

C

Five factors scored 1 to 9 from MDU's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.

Valuation7
Profitability6
Growth6
Financial health2
Cash efficiency0

Results from SEC filings

Fiscal years, from MDU Resources's 10-K filings. Ten years of the full income statement, balance sheet and cash flow.

Fiscal year20212022202320242025
Revenue$3.5B$1.7B$1.8B$1.8B$1.9B
Net income$378M$367M$415M$281M$190M
Free cash flow$11M$67M-$152M-$21M-$297M
EPS (diluted)$1.87$1.81$2.03$1.37$0.93
Operating margin9.6%11.5%12.5%15.1%15.5%

Where the revenue comes from

Revenue by segments, fiscal 2025. Every breakdown, year by year.

Natural gas distribution$1.3B68%
Electric$444M24%
Pipeline$154M8%

Superinvestors who own MDU

From each investor's latest 13F filing (what a 13F shows). 3 of the investors we track hold it.

InvestorLast quarterValue% of portfolioQuarter
Joel Greenblatt
Gotham Asset Management
Added $15M0.04%Q2 2026
Cliff Asness
AQR Capital Management
Added $5M0.00%Q2 2026
Mario Gabelli
GAMCO Investors
Trimmed $4M0.03%Q2 2026

Insider buying

Open-market purchases by MDU Resources's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you. Every purchase since records began.

DateInsiderSharesPriceValue
Feb 13, 2026 Charles M Kelley
5,000$20.84$104,200

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In the full deep dive

DCF fair value per share
Yearly return (IRR) at today's price
Growth implied by revenue and margins
15+ years of statements and quarters

Questions

Are MDU Resources insiders buying the stock?

1 open-market insider purchase of MDU in the last 12 months, from SEC Form 4 filings.

Which superinvestors own MDU Resources?

3 of the superinvestors Investingly tracks hold MDU in their latest 13F, including Joel Greenblatt, Cliff Asness, Mario Gabelli.

Prices and ratios as of Oct 11, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.