MDU Resources Q1 profit eases to $80.8 million; 2026 EPS guidance affirmed
MDU Resources reported first quarter 2026 net income of $80.8 million, or $0.39 per diluted share, down from $82.0 million, or $0.40, a year earlier, as operating revenues fell to $606.0 million from $674.8 million on warmer weather. The company affirmed 2026 earnings guidance of $0.93 to $1.00 per share and said it has not made a final investment decision on the proposed Bakken East Pipeline, whose projected capital cost is $2.7 billion to $3.2 billion on top of the current $3.1 billion capital forecast.
Key points
- Q1 2026 net income $80.8 million vs. $82.0 million; diluted EPS $0.39 vs. $0.40
- Operating revenues $606.0 million vs. $674.8 million; milder weather reduced volumes
- Bakken East open season drew about 1.4 billion cubic feet per day of submitted interest; about 40% signed under precedent agreements
- 2026 EPS guidance of $0.93 to $1.00 affirmed; long-term EPS growth target of 6% to 8% unchanged
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:01 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 07, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.