Latest period
$791M
YoY change
+51.5%
5Y CAGR
+7.3%
Peak year (FY2014)
$972M
Cumulative CapEx
$14.9B
CapEx history chart for MDU Resources Group (MDU) from 2016 to 2025
Latest: $792M
CapEx growth chart for MDU Resources Group (MDU) from 2016 to 2025
Latest: +51.5%
CapEx history table for MDU Resources Group (MDU) from 1994 to 2025
| FY2025 | $792M | +51.5% | +$269M | ||
| FY2024 | $523M | +0.6% | +$3.1M | ||
| FY2023 | $520M | +17.4% | +$77.1M | ||
| FY2022 | $443M | -8.8% | -$42.6M | ||
| FY2021 | $485M | -13.0% | -$72.8M | ||
| FY2020 | $558M | -3.1% | -$18.1M | ||
| FY2019 | $576M | +1.4% | +$7.84M | ||
| FY2018 | $568M | +66.4% | +$227M | ||
| FY2017 | $341M | -12.1% | -$46.8M | ||
| FY2016 | $388M | -37.9% | -$237M | ||
| FY2015 | $625M | -35.7% | -$347M | ||
| FY2014 | $972M | +6.9% | +$62.7M | ||
| FY2013 | $909M | +4.2% | +$36.5M | ||
| FY2012 | $873M | +75.6% | +$376M | ||
| FY2011 | $497M | +10.6% | +$47.7M | ||
| FY2010 | $449M | +0.1% | +$607K | ||
| FY2009 | $449M | -39.9% | -$298M | ||
| FY2008 | $746M | +33.7% | +$188M | ||
| FY2007 | $558M | +9.7% | +$49.3M | ||
| FY2006 | $509M | -0.4% | -$1.93M | ||
| FY2005 | $511M | +51.3% | +$173M | ||
| FY2004 | $338M | +7.9% | +$24.6M | ||
| FY2003 | $313M | +13.1% | +$36.3M | ||
| FY2002 | $277M | -27.6% | -$106M | ||
| FY2001 | $382M | -6.5% | -$26.5M | ||
| FY2000 | $409M | +139.8% | +$238M | ||
| FY1999 | $171M | -10.8% | -$20.7M | ||
| FY1998 | $191M | +70.4% | +$79M | ||
| FY1997 | $112M | +0.3% | +$300K | ||
| FY1996 | $112M | -2.7% | -$3.1M | ||
| FY1995 | $115M | +40.9% | +$33.4M | ||
| FY1994 | $81.6M | — | — |
- FY2025$792M+51.5%
- FY2024$523M+0.6%
- FY2023$520M+17.4%
- FY2022$443M-8.8%
- FY2021$485M-13.0%
- FY2020$558M-3.1%
- FY2019$576M+1.4%
- FY2018$568M+66.4%
- FY2017$341M-12.1%
- FY2016$388M-37.9%
- FY2015$625M-35.7%
- FY2014$972M+6.9%
- FY2013$909M+4.2%
- FY2012$873M+75.6%
- FY2011$497M+10.6%
- FY2010$449M+0.1%
- FY2009$449M-39.9%
- FY2008$746M+33.7%
- FY2007$558M+9.7%
- FY2006$509M-0.4%
- FY2005$511M+51.3%
- FY2004$338M+7.9%
- FY2003$313M+13.1%
- FY2002$277M-27.6%
- FY2001$382M-6.5%
- FY2000$409M+139.8%
- FY1999$171M-10.8%
- FY1998$191M+70.4%
- FY1997$112M+0.3%
- FY1996$112M-2.7%
- FY1995$115M+40.9%
- FY1994$81.6M—
CapEx values are taken from MDU Resources Group's reported cash flow statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About CapEx at MDU Resources Group (MDU)
According to MDU Resources Group's latest reported financial statements, the company's current CapEx (TTM) is $791M. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
As of the 2025 fiscal year, MDU Resources Group (MDU) reported CapEx of $792M – surged 51.5% year-over-year.
MDU Resources Group CapEx has grown for 3 consecutive years, with a +7.3% compound annual growth rate over 2020–2025 (5 years).
MDU Resources Group CapEx peaked at $972M in 2014; the latest annual figure is $792M in 2025 (18.5% below peak).
The record annual CapEx stands at $972M, reached in 2014; the historical low of $81.6M was recorded in 1994.
MDU Resources Group Capital Expenditures by Year
MDU Resources Group Capital Expenditures 2025: $792M
MDU Resources Group CapEx in 2025 was $792M, surged 51.5% from 2024.
MDU Resources Group Capital Expenditures 2024: $523M
2024's CapEx for MDU Resources Group came in at $523M, edged up 0.6% from 2023.
MDU Resources Group Capital Expenditures 2023: $520M
MDU Resources Group posted CapEx of $520M in 2023, grew 17.4% from 2022.
MDU Resources Group Capital Expenditures 2022: $443M
In 2022, MDU Resources Group reported CapEx of $443M, declined 8.8% below 2021.
MDU Resources Group Capital Expenditures 2021: $485M
MDU Resources Group CapEx in 2021 was $485M.
See more financial history for MDU Resources Group (MDU).
Sector peers by CapEx
Utilities peers of MDU Resources Group (MDU), ranked by their latest CapEx
| $14B | |
| $12.7B | |
| $12.6B | |
| $10.6B | |
| $9.27B | |
| $2.95B | |
| $1.28B | |
| $130M |
- $12.7B
- $12.6B
- $10.6B
- $9.27B
- $1.28B
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