Filing Flows › MDU Resources Group (MDU) › Q2 2026 › vs Q1 2026
MDU Resources Group (MDU) Q2 2026 vs Q1 2026 (quarter over quarter)
MDU Resources Group's revenue fell $231M (-38%) from $606M in Q1 2026 to $375M in Q2 2026. Operating margin 12.8% against 19.1% (-6.3 pts).
MDU Resources Group, Q2 2026: revenue $375M (+7% year over year), operating margin 12.8%, net earnings $21.2M, operating cash flow $116M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 12.8% | 19.1% | -6.3 pts |
| Net margin | 5.7% | 13.3% | -7.7 pts |
| Free cash flow margin | 4.0% | 9.4% | -5.4 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $375M | $606M | −$231M | -38% |
| Operating profit | $47.9M | $116M | −$67.8M | -59% |
| Costs & expenses | $327M | $490M | −$163M | -33% |
| Pre-tax earnings | $24.6M | $85.6M | −$61.0M | -71% |
| Other expense, net | $23.4M | $30.1M | −$6.7M | -22% |
| SG&A | $114M | $115M | −$889K | -0.8% |
| Other operating costs | $213M | $375M | −$162M | -43% |
| Net earnings | $21.2M | $80.8M | −$59.6M | -74% |
| Income tax | $3.4M | $4.7M | −$1.3M | -28% |
| Depreciation & amortization | $55.2M | $54.2M | $1.0M | +2% |
| Share-based compensation | $1.9M | $1.9M | $2K | +0.1% |
| Working capital & other | $37.7M | $12.3M | $25.5M | +207% |
| Operating cash flow | $116M | $149M | −$33.1M | -22% |
| Free cash flow (OCF − capex) | $15.0M | $56.8M | −$41.8M | -74% |
| Capital expenditures | $101M | $92.4M | $8.7M | +9% |
Questions
How much did MDU Resources Group's revenue grow quarter over quarter in Q2 2026?
MDU Resources Group's revenue fell $231M (-38%) from $606M in Q1 2026 to $375M in Q2 2026. Operating margin 12.8% against 19.1% (-6.3 pts).