Filing Flows › MDU Resources Group (MDU) › Q3 2026
MDU Resources Group (MDU) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 6, 2026
MDU Resources Group (MDU) reported revenue of $348M for the third quarter 2026 (Q3 2026), +10% from a year earlier and -7% from the quarter before. Operating margin was 13.7%, net earnings $14.1M (4.1% of revenue).
MDU Resources Group, Q3 2026: revenue $348M (+10% year over year), operating margin 13.7%, net earnings $14.1M, operating cash flow $82.3M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $348M | -7% | +10% |
| Operating profit | $47.6M | -0.8% | +19% |
| Net earnings | $14.1M | -34% | -23% |
| Operating cash flow | $82.3M | -29% | +42% |
What changed
Revenue was $347.7M in Q3 2026, up 10% year over year and down 7% from the previous quarter.
Operating profit was $47.6M, a 13.7% margin (up 1.0 points year over year). Of the extra revenue versus Q3 2025, 24% reached operating profit, above the 13% margin then. Total costs grew 9% against revenue growth of 10%. The fastest-growing cost line was SG&A (+14%). Net earnings were $14.1M, down 23% year over year. The effective tax rate was 14.0%.
Operating cash flow was $82.3M (up 42% year over year), 584% of net earnings. Non-cash charges added back $55.7M of depreciation and amortization and $1.9M of share-based compensation. Working capital and other items added $10.6M. Capital expenditures of $138.6M exceeded it, leaving free cash flow of −$56.3M.
Questions
What was MDU Resources Group's revenue in the third quarter 2026?
MDU Resources Group (MDU) reported revenue of $348M for the third quarter 2026 (Q3 2026), +10% from a year earlier and -7% from the quarter before.
Was MDU Resources Group profitable in the third quarter 2026?
Operating profit was $47.6M (13.7% of revenue) and net earnings $14.1M.