Earnings ·
Reports Q3 net income of $14M, EPS of $0.07; reaches final investment decision on Bakken East Pipeline
MDUMdu Resources Group Inc
MDU Resources Group reported third-quarter 2026 consolidated net income of $14.0 million, or diluted earnings per share of $0.07, down from $18.4 million and $0.09 in the prior-year period. Adjusted EPS was $0.08. The company reaffirmed its full-year 2026 earnings guidance of $0.93 to $1.00 per share. A key strategic milestone was reached with a positive final investment decision on the Bakken East Pipeline, narrowing the estimated capital investment range to $2.8 billion–$3.1 billion. Electric utility segment earnings rose 23.6% to $26.5 million, driven by new rates and increased retail volumes, while natural gas distribution reported a seasonal loss of $20.7 million due to higher operating costs and project discontinuation losses. MDU Resources Group operates electric utility and natural gas distribution services across the Pacific Northwest and Midwest.