MDU Resources Group (MDU) reported second-quarter 2026 net income of $21.3 million, up 55.5% from $13.7 million a year earlier. Diluted earnings per share were $0.10, compared with $0.07 in the prior-year quarter, and operating revenues were $375.2 million.
The company reaffirmed 2026 earnings guidance of $0.93 to $1.00 per share and said it continued work on infrastructure projects, including the proposed Bakken East Pipeline Project.
- Second-quarter operating revenues were $375.2 million, compared with $351.2 million a year earlier.
- Net income for the first six months of 2026 was $102.1 million, compared with $95.7 million in 2025.
- The electric segment earned $14.7 million in the quarter, helped by Badger Wind Farm, new and interim rates, and higher volumes.
- The natural gas distribution segment reported a seasonal loss of $3.9 million, compared with a loss of $7.4 million a year earlier.
- The pipeline segment earned $14.4 million, compared with $15.4 million in the prior-year quarter.
- MDU said it has executed Bakken East precedent agreements totaling nearly 1.2 billion cubic feet per day of firm natural gas transportation capacity.
$MDU Insider Trading Activity
$MDU insiders have traded $MDU stock on the open market 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $MDU stock by insiders over the last 6 months:
- CHARLES M KELLEY purchased 5,000 shares for an estimated $104,225
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$MDU Hedge Fund Activity
We have seen 185 institutional investors add shares of $MDU stock to their portfolio, and 166 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FIRST TRUST ADVISORS LP removed 2,954,928 shares (-66.6%) from their portfolio in Q1 2026, for an estimated $61,226,108
- VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. removed 2,531,705 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $53,697,463
- WESTWOOD HOLDINGS GROUP INC added 1,789,472 shares (+102.1%) to their portfolio in Q1 2026, for an estimated $37,077,859
- JONES FINANCIAL COMPANIES LLLP added 1,178,789 shares (+582.9%) to their portfolio in Q1 2026, for an estimated $24,424,508
- HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC removed 1,177,200 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $24,391,584
- BARROW HANLEY MEWHINNEY & STRAUSS LLC added 865,222 shares (+6.7%) to their portfolio in Q1 2026, for an estimated $17,927,399
- HITE HEDGE ASSET MANAGEMENT LLC added 860,000 shares (+124.6%) to their portfolio in Q1 2026, for an estimated $17,819,200
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
