Mdu Resources (MDU) Debt to Equity (2009 - 2026)

Mdu Resources' (MDU) quarterly Debt to Equity came in at $0.89 in Q1 2026, up 11.8% year-on-year from $0.8 in Q1 2025, and down 7.39% quarter-over-quarter from $0.97 in Q4 2025.

Mdu Resources (MDU) Debt to Equity (2009 - 2026) Analysis & Trends

Mdu Resources has disclosed Debt to Equity across 18 years of filings, most recently posting $0.89 for Q1 2026.

  • Debt to Equity for Q1 2026 came in at $0.89, up 11.8% year-over-year; the trailing twelve-month figure through Mar 2026 was $0.89 (up 11.8% YoY), and the FY2025 annual result was $0.97, up 13.29% from the prior year.
  • Debt to Equity came in at $0.89 for Q1 2026 at Mdu Resources, down from $0.97 in the prior quarter.
  • In the past five years, Debt to Equity ranged from a high of $0.97 in Q4 2025 to a low of $0.59 in Q2 2022.
  • The 5-year median for Debt to Equity is $0.8 (2025), against an average of $0.78.
  • Across the five-year window, Debt to Equity slipped 20.66% in 2022 and jumped 40.36% in 2023, its largest moves.
  • Mdu Resources' Debt to Equity stood at $0.66 in 2022, then grew by 15.27% to $0.76 in 2023, then gained by 12.53% to $0.85 in 2024, then advanced by 13.29% to $0.97 in 2025, then fell by 7.39% to $0.89 in 2026.
  • The last three Debt to Equity figures came in at $0.89 (Q1 2026), $0.97 (Q4 2025), and $0.86 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 Atmos Energy 28.34 Bn 28.21 Bn - 0.64
2 Nisource 22.33 Bn 24.52 Bn 1.83 Bn 1.40
3 Ugi 7.49 Bn 6.94 Bn 1.50 Bn 1.25
4 New Jersey Resources 5.59 Bn 5.45 Bn 826.91 Mn 1.30
5 Black Hills 5.49 Bn 5.46 Bn - 1.05
6 ONE Gas 4.93 Bn 4.91 Bn 438.14 Mn 0.68
7 Mdu Resources 4.39 Bn 4.33 Bn - 0.89
8 Centuri Holdings 3.01 Bn 2.95 Bn 35.76 Mn 0.74
9 Chesapeake Utilities 2.96 Bn 2.96 Bn 102.40 Mn 0.12
10 Brookfield Infrastructure 426.14 Mn 3.22 Bn 539.00 Mn -

Historic Data

Download Data
DateValue
Mar 31, 2026 0.89
Dec 31, 2025 0.97
Sep 30, 2025 0.86
Jun 30, 2025 0.80
Mar 31, 2025 0.80
Dec 31, 2024 0.85
Sep 30, 2024 0.76
Jun 30, 2024 0.75
Mar 31, 2024 0.76
Dec 31, 2023 0.76
Sep 30, 2023 0.85
Jun 30, 2023 0.83
Mar 31, 2023 0.70
Dec 31, 2022 0.66
Sep 30, 2022 0.65
Jun 30, 2022 0.59
Mar 31, 2022 0.80
Dec 31, 2021 0.81
Sep 30, 2021 0.70
Jun 30, 2021 0.75