MDU Resources Group Inc. (MDU) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
1200 WEST CENTURY AVENUE BISMARCK, ND 58503 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 14 - Mining And Quarrying Of Nonmetallic Minerals, Except Fuels (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 66,904 | 76,975 | 80,517 | 54,161 | 59,547 | 66,459 | |||
| Cash and cash equivalent | 66,904 | 76,975 | 80,517 | 54,161 | 59,547 | 66,459 | |||
| Receivables | 274,303 | 942,782 | 1,305,642 | 946,741 | 873,986 | 836,605 | |||
| Inventory, net of allowances, customer advances and progress billings | 44,940 | 87,392 | 387,525 | 335,609 | 291,167 | 278,407 | |||
| Inventory | 44,940 | 87,392 | 387,525 | 335,609 | 291,167 | 278,407 | |||
| Regulatory asset | 215,436 | 172,492 | 118,691 | 68,527 | |||||
| Disposal group, including discontinued operation | 425 | ||||||||
| Other current assets | 64,676 | 84,082 | 72,972 | 95,741 | 44,120 | 115,805 | |||
| Other undisclosed current assets | 165,092 | ||||||||
| Total current assets: | 666,259 | 1,363,723 | 2,011,748 | 1,550,943 | 1,337,347 | 1,297,701 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 74,363 | 119,375 | 124,138 | 120,113 | 115,323 | ||||
| Property, plant and equipment | 5,344,292 | 5,120,910 | 6,091,545 | 5,756,388 | 5,166,939 | ||||
| Long-term investments and receivables | 115,459 | 124,235 | 161,913 | 175,476 | 165,022 | ||||
| Long-term investments | 115,459 | 124,235 | 161,913 | 175,476 | 165,022 | ||||
| Intangible assets, net (including goodwill) | 345,736 | 490,964 | 781,032 | 787,964 | 740,459 | 696,604 | |||
| Goodwill | 345,736 | 488,960 | 763,500 | 765,386 | 714,963 | 681,358 | |||
| Intangible assets, net (excluding goodwill) | 2,004 | 17,532 | 22,578 | 25,496 | 15,246 | ||||
| Regulated entity, other noncurrent assets | 322,350 | 447,099 | 329,659 | 357,851 | 379,381 | ||||
| Disposal group, including discontinued operation, noncurrent assets | 1,426 | ||||||||
| Other noncurrent assets | 244,722 | 211,865 | 165,509 | 157,675 | 144,111 | 506,207 | |||
| Total noncurrent assets: | 6,372,559 | 6,469,436 | 7,649,033 | 7,359,492 | 6,716,025 | 1,319,560 | |||
| Other undisclosed assets | 5,065,798 | ||||||||
| TOTAL ASSETS: | 7,038,818 | 7,833,159 | 9,660,781 | 8,910,435 | 8,053,372 | 7,683,059 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 255,217 | 644,298 | 861,885 | 685,438 | 648,348 | 593,210 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | ✕ | 44,229 | 42,611 | 41,580 | ||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | 80,372 | 88,844 | 48,970 | ||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | 81,904 | 90,629 | 99,269 | ||
| Accounts payable | 150,070 | 475,215 | 657,168 | 478,933 | 426,264 | 403,391 | |||
| Accrued liabilities | 105,147 | 169,083 | 204,717 | ||||||
| Deferred revenue | 142,768 | ||||||||
| Debt | 161,700 | 156,319 | 148,053 | 51,555 | 48,204 | ||||
| Regulatory liability | 137,167 | 70,761 | 16,303 | 31,450 | |||||
| Disposal group, including discontinued operation | 3,511 | ||||||||
| Other liabilities | 124,514 | 181,471 | 232,231 | 207,078 | 198,514 | 221,502 | |||
| Other undisclosed current liabilities | 22,884 | 385,487 | 35,368 | 33,655 | (142,768) | ||||
| Total current liabilities: | 678,598 | 1,075,733 | 1,479,603 | 1,092,240 | 963,522 | 866,427 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 2,130,910 | 2,236,904 | 2,763,394 | 2,683,100 | 2,298,443 | 83,742 | |||
| Long-term debt, excluding current maturities | 2,130,910 | 2,236,904 | 2,763,394 | 2,593,847 | 2,211,575 | ||||
| Liabilities, other than long-term debt | 1,538,736 | 1,615,289 | 1,830,655 | 1,752,221 | 1,712,302 | 1,659,077 | |||
| Asset retirement obligations | 406,351 | 384,371 | 405,885 | 458,061 | 440,356 | ||||
| Deferred income tax liabilities | 441,320 | 458,548 | 631,303 | 591,962 | 516,098 | 506,583 | |||
| Regulatory liability | 459,170 | 521,050 | 448,454 | 428,790 | 428,075 | ||||
| Other liabilities | 231,895 | 199,675 | 259,479 | 273,408 | 327,773 | 1,152,494 | |||
| Operating lease, liability | 51,645 | 85,534 | 89,253 | 86,868 | 83,742 | ||||
| Total noncurrent liabilities: | 3,669,646 | 3,852,193 | 4,594,049 | 4,435,321 | 4,010,745 | 1,742,819 | |||
| Other undisclosed liabilities | 2,226,567 | ||||||||
| Total liabilities: | 4,348,244 | 4,927,926 | 6,073,652 | 5,527,561 | 4,974,267 | 4,835,813 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 2,690,574 | 2,905,233 | 3,587,129 | 3,382,874 | 3,079,105 | 2,847,246 | |||
| Common stock | 204,163 | 203,889 | 201,061 | 200,923 | |||||
| Treasury stock, value | (3,626) | (3,626) | (3,626) | (3,626) | |||||
| Additional paid in capital | 1,473,738 | 1,466,235 | 1,466,037 | 1,461,205 | 1,371,385 | 1,355,404 | |||
| Accumulated other comprehensive loss | (16,798) | (18,384) | (30,583) | (41,004) | (48,078) | (42,102) | |||
| Retained earnings | 1,029,699 | 1,253,693 | 1,951,138 | 1,762,410 | 1,558,363 | 1,336,647 | |||
| Other undisclosed equity, attributable to parent | 203,935 | 203,689 | |||||||
| Total equity: | 2,690,574 | 2,905,233 | 3,587,129 | 3,382,874 | 3,079,105 | 2,847,246 | |||
| TOTAL LIABILITIES AND EQUITY: | 7,038,818 | 7,833,159 | 9,660,781 | 8,910,435 | 8,053,372 | 7,683,059 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,757,978 | 4,657,340 | 6,973,864 | 5,680,733 | 5,532,750 | 5,336,776 | ||
| Gross profit: | 1,757,978 | 4,657,340 | 6,973,864 | 5,680,733 | 5,532,750 | 5,336,776 | ||
| Operating expenses | (1,492,336) | (4,231,362) | (6,399,911) | (5,146,514) | (4,987,825) | (4,855,556) | ||
| Operating income: | 265,642 | 425,978 | 573,953 | 534,219 | 544,925 | 481,220 | ||
| Nonoperating income | 41,367 | 41,672 | 7,379 | 33,377 | 26,711 | 15,812 | ||
| Public utilities, allowance for funds used during construction, capitalized cost of equity | 6,961 | |||||||
| Other nonoperating income | 41,367 | 41,672 | 7,379 | 26,416 | 26,711 | 15,812 | ||
| Interest and debt expense | (108,347) | (114,308) | (119,273) | (93,984) | (96,519) | (98,587) | ||
| Income from continuing operations before equity method investments, income taxes: | 198,662 | 353,342 | 462,059 | 473,612 | 475,117 | 398,445 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 186,556 | (6,961) | ||||||
| Income from continuing operations before income taxes: | 198,662 | 539,898 | 462,059 | 466,651 | 475,117 | 398,445 | ||
| Income tax expense (benefit) | (17,589) | (59,473) | (94,783) | (88,920) | (84,590) | (63,279) | ||
| Income from continuing operations: | 181,073 | 480,425 | 367,276 | 377,731 | 390,527 | 335,166 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 377,731 | 390,527 | 335,166 | |
| Net income: | 181,073 | 480,425 | 367,276 | 377,731 | 390,527 | 335,166 | ||
| Other undisclosed net income (loss) attributable to parent | 100,035 | (65,718) | 213 | 400 | (322) | 287 | ||
| Net income available to common stockholders, diluted: | 281,108 | 414,707 | 367,489 | 378,131 | 390,205 | 335,453 | ||
Comprehensive Income ($ in thousands)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 181,073 | 480,425 | 367,276 | 377,731 | 390,527 | 335,166 | ||
| Other comprehensive income (loss) | 1,586 | (107) | 10,421 | 7,074 | (5,976) | (3,760) | ||
| Comprehensive income: | 182,659 | 480,318 | 377,697 | 384,805 | 384,551 | 331,406 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 100,035 | (65,718) | 213 | 400 | (322) | 287 | ||
| Comprehensive income, net of tax, attributable to parent: | 282,694 | 414,600 | 377,910 | 385,205 | 384,229 | 331,693 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.