MDU Resources Group Inc - Company Profile
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MDU Resources Group Inc (MDU) is a provider of natural gas distribution, transportation, and storage services. It generates, transmits, and distributes electricity and transports, stores and distributes natural gas in various states of the US. MDU provides natural gas transportation, underground storage, and gathering services, and construction and maintenance fire suppression systems, electric and communication wiring and gas pipelines, and infrastructure and external lighting and traffic signalization. The company's operations are supported by its subsidiaries, including Montana-Dakota, Cascade, Intermountain, and WBI Energy. It serves residential, commercial, and industrial customers. The company targets markets in Montana, North Dakota, South Dakota, Wyoming, Idaho, Minnesota, Oregon, and Washington, the US. MDU is headquartered in Bismarck, North Dakota, the US.
Headquarters
United States of America
Address
1200 West Century Avenue, Bismarck, North Dakota, 58503
Website
www.mdu.com
Telephone
1 701 5301000
No of Employees
2,052
Industry
Energy and Utilities
Ticker Symbol & Exchange
MDU (NYSE)
Revenue (2024)
$1.8B
-2.5%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-32.2%
(2024 vs 2023)
Market Cap*
$4.7B
Net Profit Margin (2024)
XYZ
-30.5%
(2024 vs 2023)
* As of and is in US$
MDU Resources Group Inc premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Natural Gas | Pipeline |
| Electricity | Natural Gas Transportation, Gathering and Underground Storage |
| Energy | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Contracts/Agreements | In November, the company joined the North Plains Connector utility consortium for 150 MW capacity on the 420-mile HVDC North Plains Connector project. |
| 2025 | Contracts/Agreements | In February, the company entered into an agreement to acquire a 49% stake in the Badger Wind Farm. |
| 2024 | Regulatory Approval | In October, the company received approval from the board of directors for the spinoff of the construction services subsidiary, Everus Construction Group. |
Competitor Comparison
| Key Parameters | MDU Resources Group Inc | Quanta Services Inc | EMCOR Group Inc | Martin Marietta Materials Inc | Granite Construction Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Bismarck | Houston | Norwalk | Raleigh | Watsonville |
| State/Province | North Dakota | Texas | Connecticut | North Carolina | California |
| No. of Employees | 2,052 | 58,400 | 40,400 | 9,400 | 2,300 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Dennis W. Johnson | Chairman | Executive Board | 2019 | 76 |
| Darrel T. Anderson | Vice Chairman | Executive Board | 2025 | 67 |
| Nicole A. Kivisto | President; Director; Chief Executive Officer | Executive Board | 2024 | 51 |
| Jason L. Vollmer | Chief Financial Officer | Senior Management | 2017 | 48 |
| Dyke Boese | Chief Information Officer | Senior Management | 2025 | 52 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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