Filing Flows › MDU Resources Group (MDU) › Q2 2026
MDU Resources Group (MDU) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
MDU Resources Group (MDU) reported revenue of $375M for the second quarter 2026 (Q2 2026), +7% from a year earlier and -38% from the quarter before. Operating margin was 12.8%, net earnings $21.2M (5.7% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $375M | -38% | +7% |
| Operating profit | $47.9M | -59% | +58% |
| Net earnings | $21.2M | -74% | +54% |
| Operating cash flow | $116M | -22% | -1% |
| Free cash flow | $15.0M | -74% | -59% |
What changed
Revenue was $375.3M in Q2 2026, up 7% year over year and down 38% from the previous quarter.
Operating profit was $47.9M, a 12.8% margin (up 4.1 points year over year). Of the extra revenue versus Q2 2025, 73% reached operating profit, above the 9% margin then. Total costs grew 2% against revenue growth of 7%. Net earnings were $21.2M, up 54% year over year. The effective tax rate was 13.6%.
Operating cash flow was $116.1M (down 1% year over year), 547% of net earnings. Non-cash charges added back $55.2M of depreciation and amortization and $1.9M of share-based compensation. Working capital and other items added $37.7M. Capital expenditures of $101.1M left free cash flow of $15.0M.
Questions
What was MDU Resources Group's revenue in the second quarter 2026?
MDU Resources Group (MDU) reported revenue of $375M for the second quarter 2026 (Q2 2026), +7% from a year earlier and -38% from the quarter before.
Was MDU Resources Group profitable in the second quarter 2026?
Operating profit was $47.9M (12.8% of revenue) and net earnings $21.2M.