Filing Flows › MDU Resources Group (MDU) › Q2 2025
MDU Resources Group (MDU) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
MDU Resources Group (MDU) reported revenue of $351M for the second quarter 2025 (Q2 2025), +2% from a year earlier and -48% from the quarter before. Operating margin was 8.6%, net earnings $13.8M (3.9% of revenue).
MDU Resources Group, Q2 2025: revenue $351M (+2% year over year), operating margin 8.6%, net earnings $13.8M, operating cash flow $117M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $351M | -48% | +2% |
| Operating profit | $30.3M | -73% | -23% |
| Net earnings | $13.8M | -83% | -77% |
| Operating cash flow | $117M | -46% | -14% |
| Free cash flow | $36.5M | -71% | +38% |
What changed
Revenue was $351.2M in Q2 2025, up 2% year over year and down 48% from the previous quarter.
Operating profit was $30.3M, a 8.6% margin (down 2.9 points year over year). Operating profit fell $9.2M even though revenue rose $6.7M versus a year earlier, so costs grew faster than sales. Total costs grew 5% against revenue growth of 2%. The fastest-growing cost line was SG&A (+13%). Net earnings were $13.8M, down 77% year over year. The effective tax rate was 4.5%.
Operating cash flow was $117.4M (down 14% year over year), 852% of net earnings. Non-cash charges added back $51.9M of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items added $50.1M. Capital expenditures of $80.9M left free cash flow of $36.5M.
Questions
What was MDU Resources Group's revenue in the second quarter 2025?
MDU Resources Group (MDU) reported revenue of $351M for the second quarter 2025 (Q2 2025), +2% from a year earlier and -48% from the quarter before.
Was MDU Resources Group profitable in the second quarter 2025?
Operating profit was $30.3M (8.6% of revenue) and net earnings $13.8M.