Filing Flows › MDU Resources Group (MDU) › Q1 2025
MDU Resources Group (MDU) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
MDU Resources Group (MDU) reported revenue of $675M for the first quarter 2025 (Q1 2025), +15% from a year earlier. Operating margin was 16.7%, net earnings $82.0M (12.1% of revenue).
MDU Resources Group, Q1 2025: revenue $675M (+15% year over year), operating margin 16.7%, net earnings $82.0M, operating cash flow $217M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $675M | — | +15% |
| Operating profit | $113M | — | +17% |
| Net earnings | $82.0M | — | -19% |
| Operating cash flow | $217M | — | +32% |
| Free cash flow | $124M | — | +159% |
What changed
Revenue was $674.8M in Q1 2025, up 15% year over year.
Operating profit was $112.9M, a 16.7% margin (up 0.3 points year over year). Of the extra revenue versus a year earlier, 19% reached operating profit, above the 16% margin then. Total costs grew 14% against revenue growth of 15%. The fastest-growing cost line was Other operating costs (+17%). Net earnings were $82.0M, down 19% year over year. The effective tax rate was 9.5%.
Operating cash flow was $217.5M (up 32% year over year), 265% of net earnings. Non-cash charges added back $51.3M of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items added $82.6M. Capital expenditures of $93.0M left free cash flow of $124.4M.
Questions
What was MDU Resources Group's revenue in the first quarter 2025?
MDU Resources Group (MDU) reported revenue of $675M for the first quarter 2025 (Q1 2025), +15% from a year earlier.
Was MDU Resources Group profitable in the first quarter 2025?
Operating profit was $113M (16.7% of revenue) and net earnings $82.0M.