How does MDU Resources Group (MDU) make money?

MDU Resources Group (MDU) generates revenue primarily from Natural Gas Transportation, which accounted for 59.2% of total revenue in TTM through Q1 2026. The company reported $1.81B in revenue and converted 10.5% of it into net profit, equivalent to roughly $189.28M in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of MDU Resources Group (MDU)?

MDU Resources Group (MDU) reported a gross profit margin of 28.2% in TTM through Q1 2026, equivalent to $508.65M in gross profit on $1.81B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of MDU Resources Group (MDU)?

MDU Resources Group (MDU) reported an operating profit margin of 16.2% in TTM through Q1 2026, equivalent to $293.23M in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of MDU Resources Group (MDU)?

MDU Resources Group (MDU) reported a net profit margin of 10.5% in TTM through Q1 2026, equivalent to $189.28M in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is MDU Resources Group (MDU) profitable?

Yes. MDU Resources Group (MDU) reported $189.28M in net income for TTM through Q1 2026, with a net profit margin of 10.5%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does MDU Resources Group (MDU) spend on capital expenditures?

MDU Resources Group (MDU) spent $791.38M on capital expenditures (CapEx) during TTM through Q1 2026, roughly 43.8% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does MDU Resources Group (MDU) generate?

MDU Resources Group (MDU) generated −$386.25M in free cash flow during TTM through Q1 2026, a free-cash-flow margin of -21.4%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of MDU Resources Group (MDU)?

MDU Resources Group (MDU) had an effective tax rate of 7.7% in TTM through Q1 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of MDU Resources Group (MDU)?

MDU Resources Group (MDU) reports revenue across 3 reportable product segments, led by Natural Gas Transportation at 59.2% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

How MDU Resources Group Makes Money: 2026 Visual Revenue Map

MDU Resources Group (MDU) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported May 7, 2026).

MDU Resources Group discloses geographic revenue only in annual filings. to view the full breakdown.

MDU Resources Group (MDU) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for MDU Resources Group (MDU) in TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Natural Gas Transportation	$1.07B	59.2%
Other Revenues	$642.01M	35.5%
Natural Gas, Storage	$94.13M	5.2%
Total	$1.81B	100%

Natural Gas Transportation$1.07B
Other Revenues$642.01M
Natural Gas, Storage$94.13M
Total$1.81B

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, MDU Resources Group (MDU) reports revenue across 3 operating segments; the largest segment was Natural Gas Transportation at 59.2%, followed by Other Revenues (35.5%) and Natural Gas, Storage (5.2%).

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