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MDU Resources Group (MDU) guidance and outlook

MDU Resources Group (MDU) narrowed its guidance on Nov 5, 2026: EPS $0.93–$1.00 for FY2026; Capital expenditures $2.8B–$3.1B for FY2026. MDU Resources Group's 10-Q filed Nov 6, 2026 makes 35 forward-looking statements.

Guidance and outlook

Latest guidance

From the earnings release filed Nov 5, 2026 (8-K on EDGAR).

Forward-looking statements, 10-Q filed Nov 6, 2026

• Dividends In August 2026, the Company's board of directors revised the Company's long term dividend payout ratio target to 55 percent to 65 percent of earnings compared to the previous target of 60 percent to 70 percent of regulated energy delivery earnings.
• • The natural gas distribution business reported an increased seasonal loss, primarily driven by higher operation and maintenance expense, including higher payroll-related costs and a $2.1 million loss, net of tax, on the Company's decision to discontinue development of the Knott Landfill RNG project.
• The increase was partially offset by higher operation and maintenance expense, primarily increased payroll-related costs as well as a $2.1 million, net of tax, loss on the Company's decision to discontinue development of the Knott Landfill RNG project.
• Over the long-term, the Company expects overall electric demand to be positively impacted by increased electrification trends as a means to address economy-wide carbon emission concerns, large data center growth and changing customer conservation patterns.
• The Company will continue to monitor the progress of these changes, including the impacts associated with the implementation of MISO's direct loss of load accreditation in 2028, and assess the potential impacts they may have on its stakeholders, business processes, results of operations, cash flows and disclosures.
• The Company continues to proactively monitor and work with its manufacturers to reduce the effects of increased pricing and lead times on delivery of certain raw materials and equipment used in electric generation, transmission and distribution system and natural gas pipeline projects.
• The Company has been able to minimize the effects by working closely with suppliers or obtaining additional suppliers, as well as modifying project plans to accommodate extended lead times and increased costs.
• The Company expects these delays to continue.
• Tariff increases on raw materials could negatively affect the Company's construction projects and maintenance work.
• In October 2023, the FERC issued an order approving the Company's request for CWIP Incentive Rate and Abandoned Plant Incentive treatment on this project.
• ▪ Loss of $2.7 million for costs related to the Company's decision to discontinue development of the Knott Landfill RNG project.
• Operations are spread across eight states where the Company expects customer growth to be higher than the national average.

MDU Resources Group's latest quarter

Questions

Did MDU Resources Group raise or lower its guidance?

MDU Resources Group (MDU) narrowed its guidance on Nov 5, 2026: EPS $0.93–$1.00 for FY2026; Capital expenditures $2.8B–$3.1B for FY2026.

What does MDU Resources Group expect?

Dividends In August 2026, the Company's board of directors revised the Company's long term dividend payout ratio target to 55 percent to 65 percent of earnings compared to the previous target of 60 percent to 70 percent of regulated energy delivery earnings. • The natural gas distribution business reported an increased seasonal loss, primarily driven by higher operation and maintenance expense, including higher payroll-related costs and a $2.1 million loss, net of tax, on the Company's decision to discontinue development of the Knott Landfill RNG project. The increase was partially offset by h

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.