Key Points – Second-quarter earnings improved: MDU Resources reported net income of $21.3 million, or $0.10 per share, up from $13.7 million, or $0.07 per share, a year earlier.
Growth was supported by new utility rates, customer growth, renewable investments and higher retail sales. – Bakken East Pipeline advanced: MDU secured precedent agreements representing nearly 1.2 billion cubic feet per day of capacity and expects to file with FERC in the fourth quarter of 2026
The project is estimated to cost $2.7 billion to $3.2 billion, with phased in-service dates targeted for late 2029 and late 2030. – Growth initiatives remain central: The company has more than 1 gigawatt of data-center load under signed electric-service agreements and continues regulatory efforts to support rate increases and infrastructure investment. MDU reaffirmed 2026 EPS guidance of $0.93 to $1.00 and its 6% to 8% long-term EPS growth target. – Is 3M’s Dividend Really In Danger? $20 Billion In Lawsuits MDU Resources Group (NYSE:MDU) reported second-quarter 2026 earnings of $21.3 million, or $0.10 per share, up from $13.7 million, or $0.07 per share, a year earlier, as new utility rates, customer growth, renewable investments and higher retail sales volumes supported results. For the first six months of 2026, the company earned $102.1 million, or $0.49 per share, compared with $95.7 million, or $0.47 per share, in the prior-year period.
President and Chief Executive Officer Nicole Kivisto said the company’s quarter reflected continued execution across its regulated utility and pipeline operations. She also highlighted progress on the proposed Bakken East Pipeline Project, data center electric-service agreements and regulatory activity across the company’s service territories. Pipeline project advances toward regulatory filing MDU said it has executed precedent agreements with all customers that submitted binding open-season interest for the Bakken East Pipeline Project.