MDU Resources Group, Inc. (MDU) is a Materials stock trading at $19.95 (as of 2026-08-24), with a market capitalization of $4.20B and a trailing P/E of 20.9. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.
MDU Resources Group, Inc. engages in the regulated energy delivery, and construction materials and services businesses in the United States. The company's Electric segment generates, transmits, and distributes electricity for residential, commercial, industrial, and municipal customers in Montana, North Dakota, South Dakota, and Wyoming, as well as operates 3,500 miles of transmission lines and 4,800 miles of distribution lines. Its Natural Gas Distribution segment distributes natural gas for residential, commercial, and industrial customers in Idaho, Minnesota, Montana, North Dakota, Oregon, South Dakota, Washington, and Wyoming; and offers supply-related value-added services. The company's Pipeline segment provides natural gas transportation and underground storage services through a regulated pipeline system primarily in the Rocky Mountain and northern Great Plains regions; and cathodic protection and other energy-related services. Its Construction Materials and Contracting segment mines, processes, and sells construction aggregates; produces and sells asphalt mix; and supplies ready-mixed concrete. This segment is also involved in the sale of cement, finished concrete products, and other building materials and related contracting services. The company's Construction Services segment designs, constructs, and maintains electrical and communication wiring and infrastructure, fire suppression systems, mechanical piping and services; overhead and underground electrical, gas, and communication infrastructure; and manufactures and distributes transmission lines construction equipment. It serves manufacturing, commercial, industrial, transportation, institutional, and renewable and government customers, as well as utilities. The company was founded in 1924 and is headquartered in Bismarck, North Dakota.
MDU Resources Group provides regulated electricity and natural gas distribution services, and also delivers construction materials and services, with additional earnings linked to pipeline transportation activity.
MDU’s profit model is built around operating and maintaining long-lived utility and pipeline infrastructure (electric transmission and distribution lines, natural gas distribution, and pipeline transportation), with results linked to service volumes and segment earnings rather than one-time project revenue alone.
| NatGas Dist | $0.5B |
| Electric | $0.1B |
| Pipeline | $0.1B |
Business quality (Weak): Mostly infrastructure and service-driven businesses where operating volumes and segment earnings matter, but results can vary with customer volume changes and seasonal effects in natural gas distribution.
Valuation: At 23× earnings, MDU trades 27% below the Metal Mining average (32×). Note: one-time items can distort reported P/E.
| Price | $19.95 |
| Market Cap | $4.20B |
| P/E Ratio | 20.9 |
| EV / EBITDA | 12.6 |
| Price / Book | 1.43 |
| Price / Sales | 2.21 |
| FCF Yield | 5.3% |
| DCF Value (model) | $5.75 |
| DCF Upside vs Price | -71.2% |
| Revenue (TTM) | $1.88B |
| Net Margin | 10.2% |
| Revenue Growth (YoY) | 6.7% |
| EPS Growth (YoY) | -32.6% |
| FCF Growth (YoY) | 1348.5% |
| Altman Z-Score | 1.06 (distress) |
| Stock P/E | 20.9 |
| Sector P/E (Materials) | 25.9 |
| Industry P/E (Metal Mining) | 26.9 |
| vs Sector | -19.5% |
| vs Industry | -22.5% |
| Top Institutional Holder | BlackRock, Inc. ($532.75M) |
| Institutional Holders Tracked | 10 |
| Sector | Materials |
| Industry | Metal Mining |
| CEO | Nicole A. Kivisto |
| Employees | 2,052 |
| Country | US |
| IPO Date | 1987-11-05 |
Data as of 2026-08-24.
Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.