MDU Resources Group, Inc. announced its financial results for the fourth quarter of 2025, with a net income of $76.3 million and diluted earnings per share of $0.37. The company's electric utility segment saw an increase in net income, primarily driven by higher retail sales revenue, while the natural gas distribution segment also reported increased net income due to rate relief. The pipeline segment experienced a decrease in net income, largely due to the absence of certain benefits from the prior year and higher operating expenses.
Net income for Q4 2025 was $76.3 million, an increase from $55.2 million in Q4 2024.
Diluted earnings per share for Q4 2025 were $0.37, up from $0.27 in Q4 2024.
Electric utility net income increased to $18.0 million in Q4 2025, primarily due to higher retail sales revenue.
Natural gas distribution net income rose to $37.0 million in Q4 2025, mainly driven by rate relief in various jurisdictions.
MDU Resources expects earnings per share for 2026 to be in the range of $0.93 to $1.00, with a planned capital investment of approximately $560 million.
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