Mdu Resources (MDU) Operating Expenses (2009 - 2026)

Mdu Resources' (MDU) quarterly Operating Expenses came in at $490.3 million in Q1 2026, down 12.76% year-on-year from $562.0 million in Q1 2025, and up 14.91% quarter-over-quarter from $426.7 million in Q4 2025.

Mdu Resources (MDU) Operating Expenses (2009 - 2026) Analysis & Trends

Mdu Resources has disclosed Operating Expenses across 18 years of filings, most recently posting $490.3 million for Q1 2026.

  • Operating Expenses for Q1 2026 came in at $490.3 million, down 12.76% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.5 billion (down 3.18% YoY), and the FY2025 annual result was $1.6 billion, up 6.19% from the prior year.
  • Operating Expenses came in at $490.3 million for Q1 2026 at Mdu Resources, up from $426.7 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $1.3 billion in Q1 2022 to a low of -$1.7 billion in Q4 2023.
  • The 5-year median for Operating Expenses is $490.3 million (2026), against an average of $414.2 million.
  • Across the five-year window, Operating Expenses sank 91.1% in 2022 and jumped 126.59% in 2024, its largest moves.
  • Mdu Resources' Operating Expenses stood at -$1.3 billion in 2022, then fell by 23.59% to -$1.7 billion in 2023, then soared by 126.59% to $441.0 million in 2024, then decreased by 3.24% to $426.7 million in 2025, then increased by 14.91% to $490.3 million in 2026.
  • The last three Operating Expenses figures came in at $490.3 million (Q1 2026), $426.7 million (Q4 2025), and $275.2 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Atmos Energy 28.27 Bn 28.14 Bn - -
2 Nisource 22.59 Bn 24.79 Bn 1.83 Bn 1.54 Bn
3 Ugi 7.52 Bn 6.97 Bn 1.50 Bn 1.93 Bn
4 New Jersey Resources 5.54 Bn 5.41 Bn 826.91 Mn 638.37 Mn
5 Black Hills 5.53 Bn 5.50 Bn - 578.80 Mn
6 ONE Gas 4.90 Bn 4.88 Bn 438.14 Mn 248.54 Mn
7 Mdu Resources 4.33 Bn 4.28 Bn - 490.27 Mn
8 Centuri Holdings 3.06 Bn 3.01 Bn 35.76 Mn 32.70 Mn
9 Chesapeake Utilities 2.96 Bn 2.95 Bn 102.40 Mn 8.00 Mn
10 Brookfield Infrastructure 426.14 Mn 3.22 Bn 539.00 Mn -21.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 490.27 Mn
Dec 31, 2025 426.67 Mn
Sep 30, 2025 275.20 Mn
Jun 30, 2025 320.85 Mn
Mar 31, 2025 561.97 Mn
Dec 31, 2024 440.97 Mn
Sep 30, 2024 254.85 Mn
Jun 30, 2024 304.90 Mn
Mar 31, 2024 491.62 Mn
Dec 31, 2023 -1.66 Bn
Sep 30, 2023 916.19 Mn
Jun 30, 2023 1.01 Bn
Mar 31, 2023 1.31 Bn
Dec 31, 2022 -1.34 Bn
Sep 30, 2022 941.49 Mn
Jun 30, 2022 947.24 Mn
Mar 31, 2022 1.35 Bn
Dec 31, 2021 -702.20 Mn
Sep 30, 2021 1.40 Bn
Jun 30, 2021 1.29 Bn