MDU Resources reported second quarter 2026 net income of $21.3 million, or $0.10 per share, up from $13.7 million, or $0.07 per share, a year earlier. The company reaffirmed its 2026 earnings guidance of $0.93 to $1.00 per share and outlined a five-year capital investment plan of $3.1 billion from 2026 to 2030. Management highlighted the execution of precedent agreements securing 1.2 billion cubic feet per day of capacity on the proposed Bakken East pipeline, with a projected cost of $2.7 billion to $3.2 billion, and noted that the FERC Section 7(c) filing has been moved to the fourth quarter of 2026. The electric segment earned $14.7 million, driven by an 8.2% increase in retail sales volumes and a $3.3 million contribution from the Badger Wind Farm, while the natural gas distribution segment narrowed its seasonal loss to $3.9 million from $7.4 million. The pipeline segment earned $14.4 million, down from $15.4 million due to higher depreciation and lower other income, and the company reported total natural gas transportation volume of 150.4 million dekatherms.
MDU Resources Group IncQ2 earnings beat and reaffirmed guidance, plus $3.1B capex plan.
