MDU Resources

Q2 FY2026 EarningsQ2 FY26 delivered a strong beat on the bottom line with diluted EPS of $0.10 relative to the $0.077 expected, representing a 42.9% YoY increase. Consolidated net income reached $21.3M, exceeding consensus of $19.5M, driven primarily by rate recoveries in the Electric Utility segment and data center demand. While revenue of $375.2M slightly missed the $396.6M consensus, active progress on the $2.7B-$3.2B Bakken East Pipeline and reaffirmed FY26 guidance of $0.93-$1.00 suggest a stable long-term growth trajectory.